"Regulators are not banning the development of cryptocurrencies, but are trying to better regulate the market, which should help the industry mature If the regulatory stance gets clearer, large funds will be more assured and willing to commit significant capital."
2018 has already seen considerable regulatory momentum pertaining to the crypto sphere, lending credence to Lai's position.
The US Commodities Futures Trading Commission and Security and Exchange Commission hearings in Feb. 2018 were devoted to crypto regulation.
The US, Japan, and South Korea are all currently debating and issuing regulation for virtual currencies, Blockchain, crypto exchanges and ICOs, as well as considering taxation frameworks, with some admitting that regulatory measures are not fully developed.
In January, Cointelegraph reported that venture capital Blockchain investment in 2018 is already on track to exceed 2017's numbers, with notable investments including $140 mln VC already raised from Goldman Sachs, Baidu, and CICC for Circle's recent acquisition of the Poloniex crypto exchange, as well as VC Firm Digital Currency Group's investment in crypto-friendly Silvergate Bank.
2018 'Mature' Crypto Market Will Draw More Investment, See Less Volatility, Analyst Says
Published on Apr 9, 2018
by Cointele | Published on Coinage
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