blocktribune.com
Recently, there’s been several circumstances that has put the crypto industry in a challenging position. The US and the European Union have accelerated the process of stablishing regulations in this industry to seek to protect users. How will these regulations affect the industry? Will it worsen the current crisis or help end it? Will it drag prices up or lower them further?
According to Bruno Macchialli, CEO of Delchain, the regulations will bring back the trust of the users in crypto companies, while increasing the confidence to invest again in the smaller players which will drag the prices back up. It is good to implement regulations, however, he hopes USA makes the first move, as they would be business focus, however, is the EU are the first, there’s a big chance that these regulations are more conservative.
However, there’s a different situation with the larger players (which are more liquid and have a lot more financial experience). Recent situations such as Goldman Sachs – buying assets at a lower price – or and the recent mass of finance people moving for crypto jobs – such as JP Morgan Execs leaving for Pantera Capital – makes an interesting mix with the upcoming regulations and how those will affect them.