بٹ مین کے سابق سی ای او جیہان وو: ریگولیشن کرپٹو کے لیے اچھا ہے۔

While some may see the various regulatory measures greeting the crypto industry as plans of the authorities to crash the space, a crypto billionaire and ex-CEO of Bitmain believes that regulation of the sector is good for the long-term growth of the sector.

جہان وو وضاحت کی to CNBC at a conference that the fact that the sector has evolved, having approximately a trillion-dollar market cap, with a reasonable percentage of US citizens involved, has made it compulsory for the authorities to show interest in regulating the space. According to him, stronger regulatory involvement in the space would allow them to grow stronger and bigger.

ان کے الفاظ میں:

"مجھے لگتا ہے کہ ریگولیٹری دباؤ پہلے کے مقابلے میں زیادہ مضبوط ہے لیکن اس سے بہت سارے برے اداکار انڈسٹری سے باہر ہوجائیں گے اور اس بات کو یقینی بنائیں گے کہ انڈسٹری کی ساکھ اس کے بغیر کہیں بہتر ہے۔ لہذا مجھے لگتا ہے کہ طویل مدتی میں اس قسم کا کریک ڈاؤن صنعت کے لئے ایک اچھی چیز ہوسکتی ہے۔

This crackdown on the crypto industry has been very tough in recent times, especially with China who is enforcing the closure of Bitcoin mining centers in the country and citing environmental concerns. Apart from that Binance, a leading crypto exchange has been the subject of regulators around the world. Many of these regulators have sternly warned the exchange that its operation within their jurisdiction is illegal.

The CEO of Avanti Bank & Trust, Caitlin Long, stated that regulatory clampdown has already begun in the United States. In Long’s view, the authorities might not go after crypto assets like بٹ کوائن اور ایتھرم, however, “intermediaries” and “access points” for US dollars into the crypto sector could be targeted by the authorities.

The crypto billionaire suggested that engagement between regulators, governments, and companies are necessary and would result in a positive outlook for the crypto space in years to come. Citing Singapore as an example, he hailed the Asian country for being “reasonable,” highly efficient and “approachable” in its dealings with the crypto space. He also stated that this gives “many good reasons for Singapore to be a hub for crypto innovations.”

Singapore is one of the few countries with friendly crypto regulation. Per a فنانشل ٹائمز کی رپورٹ, many crypto organizations and groups are finding the country amenable to crypto products and innovations.

Wu made the majority of his wealth at Bitmain before he controversially left his position as the CEO. He has gone on to found a new crypto project, Matrixport, which is a digital asset financial services platform.

کریپٹوکرنسی کی خبریں, خبریں

اولوپیلومی تبدیلی کی طاقت بٹ کوائن اور بلاکچین صنعت کی حامل ہے۔ وہ علم اور نظریات کو بانٹنے میں دلچسپی رکھتا ہے۔ جب وہ لکھ نہیں رہا ہے ، تو وہ نئے لوگوں سے ملنے کی کوشش کر رہا ہے اور نئی چیزوں کو آزما رہا ہے۔

Source: http://feedproxy.google.com/~r/coinspeaker/~3/vREeWKU-ykI/