What are your thoughts on the need for regulation in the cryptocurrency industry? As the industry matures, I think it would make sense to go the regulatory route rather than to fight the "existing system"?
I think Concordium clearly understands the need for Privacy. I like how this project clearly separates between privacy and anonymity. The founder of Concordium is the founder of Saxo Bank. It made sense when he mentions in his video that he's seen trends like the internet grow when no one believed him and the way it matured over time.He thinks something very similar is going to happen in blockchain as well.
According to him Banks and Financial institutions ( he has more than 20 years of experience being CEO of a bank he co founded ) need identity verification and anonymity will not be possible but privacy sure can be possible and Concordium addresses this very point.
It made sense to me. What are your thoughts?
In some countries they are already allowing their national banks to deal with crypto and obviously when we talk about kyc and other services related to payment and remittance transfer banks can make use of blockchain tech big time and stay in the competition otherwise they will be soon outdated.