In recent times, the regulation of the cryptocurrency market has been at the center of all the debates. For his part, Vitalik Buterin (the founder of Ethereum) shared his opinion via a tweet. According to him, the laws and regulations applicable to cryptocurrencies would undermine the internal workings of the blockchain.
Buterin is not for regulation that hinders the freedom of the crypto space
Through his tweet, Vitalik Buterin joins the various crypto players: he wants clear and concise rules to be put in place. According to the founder of Ethereum, strict regulation is really essential to help traditional financial institutions accept cryptocurrency. But not only! This would also legitimize cryptocurrencies as assets.
However, Buterin disputes all the current regulatory proposals to the extent that they complicate the access of cryptocurrencies to the general public. Although they would allow free crypto space to act internally.
However, the founder of Ethereum prefers these legislative proposals rather than regulations that undermine the inner workings of the blockchain. For him, the ideal law would allow the cryptocurrency industry to easily reach the general public without interfering with the functioning of the blockchain.
Sam Bankman-Fried statement: Buterin gives his opinion
Vitalik Buterin’s long Twitter thread appears to be an answer to the controversial claim made by Sam Bankman-Fried 10 days earlier. The founder of FTX has in fact openly declared himself in favor of a regulation based on a blocking list system. An announcement that earned him heavy criticism.
As for Vitalik Buterin’s speech, it was well received by big names in the cryptocurrency industry (including Binance CEO Changpeng Zhao and cryptocurrency investor Ryan Sean Adam).
On his Twitter feed, Vitalik didn’t just express his thoughts on cryptocurrency regulation. He also raises another very insightful point: the crypto ecosystem needs time to mature. The general public will gradually accept it. Ethereum # 1 also doesn’t find the “KYC on DeFi front-ends” idea relevant. And you, what would your opinion be?
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My name is Ariela and I am 31 years old. I have been working in the field of web writing for 7 years. I discovered trading and cryptocurrency just a few years ago. But it is a universe that interests me a lot. And the topics covered within the platform allow me to learn more. Singer in my spare time, I also cultivate a great passion for music and reading (and animals!