Steven Parker: Bitcoin Can’t Exist without Some Form of Regulation
Now, a former executive of Visa is claiming that unless there is some form of law regulating the actions of bitcoin and its traders, the currency will likely never attain mainstream status and never be looked upon as a legitimate cryptocurrency. In a recent interview, Steven Parker – a former Visa head who now runs the digital startup Crypterium – explained to listeners:
He explained that several large financial companies, such as the credit card firms that he mentioned, have shown a willingness in the past to work with bitcoin and the many altcoins that now call the crypto space home.
But the idea of crypto regulation ultimately goes against everything that bitcoin and its altcoin cousins stand for. At the same time, there have been very few measures that have sought to counter the ways of cybercriminals and thieves that, in the past, have decimated crypto trading platforms and wiped their stashes clean, leaving all traders and investors in the dust, so the idea that crypto could potentially exist without any regulation whatsoever seems a little farfetched, especially in a world of growing threats.
