The question really is more, our regulations are helpful or harmful to cryptocurrency blockchain and of course bitcoin?
We Should Not ‘Scurry to Keep Pace’ With Fintech, Says CFTC Commissioner
All of the big banks and trading companies, they are all looking to leverage this new asset class. When they're managing their money for their clients. they are looking at the assets that have a growth potential in front of them.
So probably, when you look at the messages coming out of the CFTC, probably they are bullish on blockchain, probably they see the value that they can add that it's a new asset class.
And again their job is to regulate and also to encourage an environment where new asset classes are created and as each asset class in the global economy has been exploited to one end or another or leveraged as far as they can go, the CFTC wants to encourage the development of new asset classes, so that those within the sector will have new places to invest their money.
So on the one one hand, they are serving the sector that they have the most influence over by creating a larger playing field but on the other hand this is going to help cryptocurrency as well as we move into the next decade.
So it's kinda good to see things out of the CFTC, probably these two fellows are speaking well on behalf of cryptocurrency and if that opens the way for major investment, then probably we are going to see the influx of billions if not trillions of dollars.
OTHER READS
- Institutional Money Coming For Our Crypto?
- Venezuela's Petro: What Do You Think About This?
- Hedge Funds and Crypto
- According To This Research : Bitcoin Whales Are Not Responsible For Volatility
- Roger Ver Launching A Crypto Exchange?
- Blockchain Companies Shine in LinkedIn
- New Protocol for Bitcoin Privacy?
- Is Ethereum Classic Going to be the next BITCOIN?
- What MasterCard is Thinking About Bitcoin?
It's graceful not just excellent!
Resteemed by @resteembot! Good Luck!
Check @resteembot's introduction post or the other great posts I already resteemed.
Defended (5.00%)
Summoned by @aftabkhan10
Sneaky Ninja supports @youarehope and @tarc with a percentage of all bids.
Everything You Need To Know About Sneaky Ninja
woosh
It's a very exciting time to be alive.
Hi @aftabkhan10!
Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 3.312 which ranks you at #7595 across all Steem accounts.
Your rank has improved 77 places in the last three days (old rank 7672).
In our last Algorithmic Curation Round, consisting of 275 contributions, your post is ranked at #245.
Evaluation of your UA score:
Feel free to join our @steem-ua Discord server