Post
Topic
Board Bitcoin Discussion
Re: WINKLEVOSS: ‘CRYPTO DOESN’T NEED RULES,’ CRYPTOCURRENCY COMPANIES DO
by
lizardbtc
on 17/03/2019, 22:06:02 UTC
It’s no secret that the Winklevoss twins have been championing the ‘sanitization‘ of cryptocurrency. With their “fully regulated” Gemini exchange, their goal is to change the Wild West image of the fledgling industry that’s been plagued by exchange hacks, scams and fraudulent security offerings.

https://bitcoinist.com/winklevoss-cryptocurrency-trust-rules/
And after receiving a fair amount of criticism from the bitcoin users worldwide, Cameron came back with the statement that you've mentioned in the thread subject! Cryptos can't be regulated - that's an universal truth! However, I too strongly believe that the business entities must be regulated who are built around cryptos. because the mass adoption can only happen when there is regulation because it brings trust within the system. 

Marketing trick for gemini!

Regulation is inevitable if we want broader adoption - I can agree to this. Many people/companies will see cryptos as a gray area and if you were to ask somebody still he will think twice if this thing is legal. By having the strict rules that are made public will only have an impact on the crypto space in a positive manner, to grow more.