Tesla CEO says regulators around the world must loosen their grip oncryptocurrency industry.
Speaking at the Code Conference in Beverly Hill, Musk stated that regulators were wrongly concerned about the threat of cryptocurrencies.
I would say don't do anything with crypto, just let it fly.
Commenting on the latest ban by the Central Bank of China on all financial transactions with cryptocurrencies, Musk said:
I think that cryptocurrency cannot be destroyed, but the authorities can slow down its development. Basically, cryptocurrency aims to reduce the influence of centralized government, and they don't like it.
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