Former British Prime Minister Boris Johnson made important statements about the future of blockchain and the industry.
Boris Johnson, FTX Despite the controversies in the industry following the billion-dollar collapse of the stock market in Singapore on the blockchain held He spoke at a conference. Expressing in his speech that the emergence of blockchain brings many possibilities, Johnson said that this technology your fire, of railways and of the internet invention as compared to major technological innovations.
On the other hand, Johnson also stated that he supports the idea that “cryptocurrencies need more regulation”, which has been frequently brought up by regulators in recent days:
When there is a frenzy and bubble and you have speculators who raise prices by finding a larger pool of people to exploit, you need measures to protect the public from the pyramids. Cryptocurrency advocates need to convince people that the use cases of cryptocurrencies are real and work in real life.
While the discussions on regulations continue, two different sides, those who want regulation and those who do not, continue to produce valid arguments in their own way. Many crypto giants advocate regulation, but some governments and regulators are worried that this will give cryptocurrency status and credibility, putting it on par with traditional finance.