Tesla CEO said regulators around the world should loosen their grip on the cryptocurrency industry.
During a speech at the Code Conference in Beverly Hill, Musk said that regulators are unnecessarily concerned about the threat of cryptocurrencies.
I would say, don't do anything with crypto, just let it fly.
Commenting on the latest ban by the Central Bank of China on all financial transactions with cryptocurrencies, Musk said:
I think that it is impossible to destroy cryptocurrency, but the authorities can slow down its development. Basically, cryptocurrency is aimed at reducing the influence of a centralized government, and they don't like it.
Subscribe to ForkNews on Telegram to stay up to date with the latest news from the world of cryptocurrencies
You May Also Like
China is the future in crypto gambling
According to cryptocurrency expert Darin Oliver, the penetration of blockchain into all areas of life in China presents a unique opportunity for cryptocurrency gambling operators to create a powerful new financial industry.
Opinion: The next BTC bull run should not be expected until the end of 2024
In an interview with CNBC, the founder of the Huobi exchange said that based on previous market cycles, the next Bitcoin rally should wait about three years.
