Canadian millionaire investor Kevin O’Leary claimed that increased regulations will destroy the “cowboys” in the cryptocurrency industry.
Canadian investor and entrepreneur Kevin O’Leary, who was a secret supporter of the FTX exchange and almost took it out of business during its collapse, made remarkable statements in a broadcast he recently attended on CoindeskTV. O’Leary cryptocurrency industry As regulatory clarity gains so-called crypto cowboys the mass will disappear he suggested.
All the crypto cowboys who are the founders of this industry will soon be gone. They all have arrows on their backs.
On the other hand, the cryptocurrency market 100% with regulations Stating that it is not compliant, the millionaire investor said that he will not invest in this sector until the regulations are completed:
Crypto still shows promise. When you invest in venture capital, eight out of 10 startups fail.
While the US Securities and Exchange Commission (SEC) continues its lawsuits against cryptocurrency exchanges, it has not yet made a decision. regulatory clarity is not provided. On the other hand, at first Hong Kong, England And Singapore The rest of the world, especially the rest of the world, has a clearer line and regulatory attitude towards the cryptocurrency industry.
Will regulations spell the end of Binance?
The target of my explanations is that O’Leary, a popular and millionaire investor, once held Binance responsible for the collapse of FTX and said that regulations would end the “crypto cowboys”. It raises questions as to whether it was CZ or not. O’Leary’s statements led to the inference that “regulations will bring the end of CZ”.