German Finance Authority Shifts Focus on Crypto Regulation from Individuals to Market Stability – Bitcoints

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Published on June 13th, 2018 | by bitcoin

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German Finance Authority Shifts Focus on Crypto Regulation from Individuals to Market Stability

German Finance Authority Shifts Focus on Crypto Regulation from Individuals to Market StabilityWe will not be able to protect every single investor from his fate, and that cannot be the task of state supervision.
While Hufeld characterized blockchain technology as disruptive, he added that its true potential remains to be seen sometime in the future.
Overall, Hufled drew a relatively positive picture of blockchain technology: “The disruptive potential of this technology, however, goes beyond saving costs.
Hufeld remains skeptical of cryptocurrencies, saying that their potential use in enabling money laundering and terrorist financing is a “worst case”.
He said that blockchain regulation must limit risks without diminishing the opportunities it brings.

Source: Cointelegraph.com

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