Regulating cryptocurrencies is a good thing and it might even help advance the digital currency market, crypto trader Ran Neu-Ner told CNBC on Thursday.
"When [regulators] come out with regulation, it's going to open the floodgates for new money to come into crypto," the host of CNBC Africa's "
Crypto Trader" said on "
Fast Money."
While Neu-Ner said there will be crackdowns during this process, he encourages it.
"I hope that they can catch the people [conducting fraudulent activities], because we have to weed out the bad actors," said Neu-Ner, who is the founder of OnChain Capital and an early investor in bitcoin.
"If we have bad actors, it's going to create a lack of trust in this asset class," he said. "If we want to make this a real asset class, with real people, then let's weed out the bad actors. But the first step is, let's legislate first; let's regulate first. So we know what the playing field looks like."
More here,
https://www.cnbc.com/2018/05/24/regulating-crypto-could-help-advance-the-industry.html
