While regulations are generally meant to protect consumers, in practice, they create hoops for crypto companies to jump through, thus diminishing the overall user experience, said Ivo Georgiev, co-founder and CEO of Ambire Wallet. Georgiev argues that regulations like the Eurozone’s Markets in Crypto-Assets (MiCA) actually “enable more sketchy companies and scams.” Overregulation Beneficial to […]source https://news.bitcoin.com/veteran-blockchain-developer-overregulation-creates-hurdles-for-crypto-companies-diminishing-overall-user-experience/
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