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Author Topic: [2018-05-25] Crackdown on cryptocurrencies is a good thing  (Read 12 times)
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May 25, 2018, 04:06:21 AM

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."

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