The cofounders of the Gemini cryptocurrency exchange talk about why their pro-regulation approach can coexist with crypto extremism.
The reaction to the ads was a microcosm of the state of the industry. Some supported the Winklevosses' philosophy that cryptocurrencies could benefit from more regulatory requirements, while others pushed back on the notion that rules and structure are needed for a market that in many people's eyes was built to avoid it.
"I think there is just that narco-libertarian bent of cryptocurrency that has been there from day one, so I was not surprised with who sort of disagreed with it," he said."There is a small, niche community of people who just are always going to be anti-rules and -regulations.
Cameron Winklevoss, Gemini's president, told Business Insider that just as someone could deal solely in cash and avoid banks, a person could avoid the regulated market Gemini is looking to create.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Zero-sum thinking is rising risk to global growthU.S. President Donald Trump is not alone in doubting that globalisation helps everyone win. Finance officials at the IMF’s spring gathering wanted more cooperation but often had self-serving ideas about what that entailed. That makes even a mild downturn trickier to handle.
Read more »
New in-store technologies could bring about stricter regulationsBrick-and-mortar stores have been testing a number of tracking and data collection methods for better personalization — but these efforts are raising privacy concerns:
Read more »
BNY Mellon's head of fintech partnerships explains how working to secure crypto isn't much different from holding gold barsCustodian banks used to hold gold in physical vaults. Now, BNY Mellon's head of fintech partnerships explains the evolution to securing crypto.
Read more »
Digital Defectors: Why 3 Execs Left Cushy Corporate Jobs For CryptoDeloitte's former global head of blockchain saw firsthand the greed and corruption that led to the financial collapse in 2007. Then, in April 2018, he struck out on his own aiming to use the technology that underlies bitcoin to bring more transparency to the way the world’s goods move.
Read more »
These Theories Might Explain Who The Night King Actually Is On 'Game Of Thrones'8 Interesting Fan Theories About The Night King On 'Game Of Thrones'
Read more »
Tesla isn't the next Theranos — here are 10 reasons whyOPINION: The Tesla-Theranos comparison, like the Tesla-Enron comparison, makes for fiery debates, but the comparison falls apart on closer scrutiny.
Read more »