Charles Hoskinson, the co-founder of the decentralized finance (DeFi) platform Cardano (ADA), has delved into the crypto regulation debate sharing his views on how authorities should approach the topic.
According to Hoskinson, for the sector to thrive, there is a need for a regulatory regime that puts into consideration the benefits of digital assets to the masses, he said during a videocast on October 13.
“There needs to be a regulatory regime that acknowledges the existence of cryptocurrencies, views them as positive things and appreciates the liberty that they provide people. So this is the time to figure out how to put all those pieces together and create something that we can all live with, thrive in and innovate now,” he said.
Crypto as financial operating system
Hoskinson added that with regulations, cryptocurrencies have the potential to become a financial operating system by catering to the needs of the masses, like solving the unbanked challenge.
“We want Cardano and...
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