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
The Vice-President of the European Commission believes that cryptocurrency assets are here to stay
Vice-President of the European Commission Dombrovskis, at an informal ECOFIN press conference in Vienna, noted that EU member states support legislative initiatives for crypto-assets, since they are already here and “are not going anywhere.”
Opinion: 5 types of cryptocurrencies and their differences
All existing digital currencies can be divided into five types. The differences between these types are very important for investors, as they determine what exactly they invest in and who can invest in them.
