G20 Crypto Regulations Could Unleash Real Blockchain Change
Increased regulation, as long as it is done with industry cooperation and the aim of de-risking the broader market, will hasten blockchain adoption.
The latest in a patchwork of state regulations, Rhode Island pens formal legislation regarding cryptocurrencies and money transmission.
“There was a clear agreement ... that Libra, in particular, raises some very significant concerns, and cryptocurrencies more broadly," said Mnuchin.
A relatively unstable state – with a technically sophisticated population – creates a fertile ground for crypto adoption.
If our goal is mass adoption, blockchain and crypto firms should work closely with regulators and come up with new ways to solve big thorny problems.
Recently, BRI published a report authored by Tapscott recounting the takeaways from a roundtable discussion held in May on cryptocurrency regulation.