CRYPTO 2050
“CURRENTLY , MOST OF THE GENERAL PUBLIC HAVE NO IDEA WHAT A BLOCKCHAIN IS . BY 2050 , ALL OF THAT CONFUSION WILL HAVE BEEN IRONED OUT ”
ALUN EVANS CEO AND CO-FOUNDER OF FREEVERSE
In the aftermath of recent market volatility and the collapse of some crypto players , Daniele Servadei , CEO of e-commerce solution Sellix , told FinTech Magazine that weaker operators would inevitably be shaken out in the longer term .
“ As crypto enthusiasts and believers , we need to start looking at our own industry more critically ,” Servadei said . “ We need to remove the weeds of scammers and swindlers from the very foundation that makes up crypto as we know it today .”
He believes the future of the crypto industry will be defined by trust , and giving
the companies who have already established their trust credentials the room to grow while subjecting newer entrants to inevitable rigour and scrutiny .
“ Some regulatory tightening is unavoidable but perhaps that ’ s a good thing because it can increase industry trust and make investors feel more secure ,” Servadei contemplates .
Increased regulation of crypto now unavoidable In an 18th-century letter , the American founding father Benjamin Franklin once wrote that “ nothing can be said to be certain , except death and taxes ”. Perhaps , for the modern era , this should be changed to “ death , taxes , and an increase in regulation for crypto ”.
It now seems unlikely that digital assets will continue to evade the clutches of regulators for much longer , having been allowed to emerge from a nascent position during a regulatory ‘ observe and monitor ’ phase . fintechmagazine . com 99