https://upvotesclub.com/the-ethereumization-of-wall-street-is-inevitable-expe-news/
I read this article, thought, I'll share. It sounhds good, but I don't think it will happen that easy, Wall Street perfectly understands the dangers it is facing in the face of cryptocurrency markets.So they will lobby for heavy regulations and even if that happens, it will be on their terms. As a matter of fact, I think that once the cryptos will be "properly regulated" you will have to get "qualified investor" status in order to trade them.
Why?
Because the government needs to protect you!
And how to be a qualified investor? What will be the qualifications to be a qualified investor? Does the government really want to protect investors or they do the tightening because they are envious and they are nit benefitting from it and somehow they want a share from peoples earnings from cryptocurrencies? I read this article, thought, I'll share. It sounhds good, but I don't think it will happen that easy, Wall Street perfectly understands the dangers it is facing in the face of cryptocurrency markets.So they will lobby for heavy regulations and even if that happens, it will be on their terms. As a matter of fact, I think that once the cryptos will be "properly regulated" you will have to get "qualified investor" status in order to trade them.
Why?
Because the government needs to protect you!
They will be more than happy to grab profits from exchanges and to tax return hem, this is their only job. It's hard to protect investors, imagine a scenario where stock market dumps many lose money and it's hard to protect everyone.
Another thing is that they are aware of many pumps and dumps happening within crypto markets which is why it might take still sometime before crypto reaches th Wallstreet.