Trust is invaluable in financial services. DNotes is always committed to be the inclusive and trusted digital currency since the day of launch five years ago. I agreed that for digital currencies to furnish and resume its rapid growth path there must be some rules and regulations to facilitate consumer protection, efficiency, orderly conduct, and secured storage of assets. I think the twins make a fair point, that we need to fix the trust issue within the industry -- and I think a lot of that regulation is the government opening up the existing system to cryptocurrency so that professionals can come in and work towards that improved reputation. Though the fact cannot be discounted that they are pushing for regulations that would add costs and stifle competition for Gemini, and thus, industry innovation would be limited to existing club. Agreed. That's always been the main danger of anything more expansive than light-touch government regulation. Where government extensively regulates, you have large industry players lobbying to shape rules that tend to block smaller startups from entering the market. That's why a light-touch approach is the only way to remain innovative and competitive. Good observation, T. |
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