“The very foundation of cryptocurrency is one that is antithetical to global regulation and the centralised financial system that regulators seek to uphold and protect,” says Stefan Rust.
Cryptocurrency regulation is being introduced in various parts of the world. While many people in the industry are welcoming this latest development, Laguna Labs’ CEO Stefan Rust, thinks that regulation could choke crypto innovation.
In his exclusive discussion with Coinjournal, Rust drove home his point by discussing some of the current cryptocurrency bills around the world.
One bill under discussion will require a 1-to-1 reserve backing for USD-pegged stablecoin providers, while a second would force full disclosure of reserve assets by USD s
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