The lack of clear rules for cryptocurrencies has been a major obstacle to mainstream adoption. Reported on how cryptocurrencies, and more specifically their underlying blockchain technology, have shifted from looking for solutions to problems to looking for regulatory clarity. Of course, this situation may become clearer when cryptocurrency companies and others embrace and invest in, rather than resist, proper guardrails for their industry.
The dynamics within the u.S. Have even led some like venture new zealand telegram data capitalist marc andreessen to argue that banks are cutting ties with politically right-wing clients or industries like the cryptocurrency industry. In an article written about the issue earlier this month, it was noted that while ’s claims are likely to ruffle feathers in many corners of the cryptocurrency and fintech industries, the reality may be more nuanced than a political attack on these industries.
After all, innovation often moves faster than regulation, and growing tensions between traditional banks and future-focused fintech and cryptocurrency companies can also be partly attributed to outdated regulatory frameworks, stricter know-your-customer and anti- unavoidable consequences of money laundering standards. The risk of fraud has also increased, the report said.