I am quite skeptical about all this regulations and existing institutions getting into the digital space. I have a feeling they are just getting aboard to hijack the whole space once they have full control of it. Take a look at the intrusion from PayPal. We all know how PayPal can restrict users funds for very long time. I just hope we get to know the clear terms of how this will benefit the crypto industry. I feel we are giving them the power again.
I get where you are coming from mate and in as much as I am happy about this I don't think there should be any fears with regards to this. I mean, let's test the waters and see where this takes us. Most crypto enthusiats have always been hoping for real world adoption and now there are plans in the pipeline to adopt it. I would say the crypto community opens up and and embrace this change as well.