https://upvotesclub.com/the-ethereumization-of-wall-street-is-inevitable-expe-news/
I read this article, thought, I'll share. It sounds 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!
I read this article, thought, I'll share. It sounds 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!
There had been many crimes committed all because in the name of protecting the people. Abuses from the government were all documented and as they say the intention is good but all things gone awry at implementation because other type of self-vested interests may come in into the picture.
I am sure that people in the Wall Street are looking at Bitcoin with concerned faces...either they join the bandwagon or they are part of the team that will use their influence to try to stifle the growth of Bitcoin as they know that it can be a big disruption to their main business.