FTX CEO told Bloomberg: Expect the first encryption encryption is a method through which information can be made into code. regulation in 2022 after years of preparations.
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The CEO of the crypto exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. FTX, Samuel Bankman-Fried, considerado the world’s richest crypto trader has said that 2022 is set to introduce the first batch of regulations for the cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. space.
In statements to Bloomberg Technology, Bankman-Fried acknowledged that due to the complexity of the sector, regulation would not come in one batch, but the market an area or arena, online or offline, in which commercial dealings are conducted. should expect some activity after years of preparation.
He noted that despite the regulatory outcome creating uncertainty for the sector, investors should embrace these measures as they are beneficial in the long a situation where you buy a cryptocurrency with the expectation of selling it at a higher price for profit later. term.
Bankman-Fried believes that the sector could be affected in the short a trading technique in which a trader borrows an asset in order to sell it, with the expectation that the price will continue to decline. In the event that the price does decline, the short seller will then buy the asset at this lower price in order to return it to the lender of the asset, making the difference in profit. term, but standard regulation will increase confidence in the space and attract more investors.
“I don’t think it’s going to come as such, but I do think there’s a lot happening this year. We already saw a lot of things happen last year, but a lot of that has been preparatory… In the United States, lawmakers are investing a lot in their knowledge of the industry. I think you’ll probably see the first batch in 2022.” , dijo Bankman-Fried.
The CEO said regulatory clarity should boost optimism among investors for the asset. At the same time, he believes that if there is a standard regulatory framework globally, it is likely that Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. and the market in general to prosper.
He noted that the regulations would also inform the extent to which institutional investors put their money in the crypto space. However, emphasized that institutions would likely invest investing is when you put money in a financial scheme with the intent of making a gain. more in cryptocurrencies, but warned that their involvement could be spread a price difference between asking and selling prices of the asset. out over several years.
He also told Bloomberg that large financial institutions, including banks and pension funds, have begun to explore the sector.
What Bankman-Fried said
While the executive has expressed optimism about specific cryptocurrencies, he previously warned investors about digital digital technologies are these electronic tools that have the ability to generate, store or even process data. currencies to avoid. As previously reported by Finbold media, Fried warned against cryptocurrencies driven by social media hype. He also stated that cryptocurrencies with significant allocation allocation is the allotment of equity or tokens that may be earned, bought, or reserved for a specific team, group, investor, institution, or another similar entity. to anonymous anonymity is when something is not known or named. founders should be avoided.
Earlier, in November, he said he saw great future both in Solana as in Avalanche
Sobre Solana , Bankman described the project as remarkably significant, given that its ability to scale to millions of transactions per second is a highly valued quality within Blockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies. , aiming to become part of the financial network a network refers to all nodes in the operation of a blockchain at any given moment in time. of the future and to rival the Bitcoin o Ethereum a decentralized open-source blockchain with smart contracts functionality. . In this regard, it also included Avalanche within that category and mentioned:
“ Solana has a great opportunity to do that, which I think is really exciting… I also think there are other tokens that are aiming to scale up a little bit a bit is a basic unit of information in computing. more, and Avalanche is one of them.
Earlier, in September 2021 he said that a regulation of crypto would be a positive and a ban would “triste”.
You can watch the full video interview here:
Sources: Bloomberg , Finbold , archivo
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