RATE Group | Defining Cryptocurrency Is the Best Way to Kill It
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Defining Cryptocurrency Is the Best Way to Kill It

13 Mar Defining Cryptocurrency Is the Best Way to Kill It

Posted at 16:48h in Cryptocurrency News by

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William Mougayar, a CoinDesk columnist, is the author of “The Business Blockchain,” producer of the Token Summit and a venture investor and adviser.

We should stop trying to define or classify cryptocurrency as if it were a beast from another planet. Rather, we just need to accept it as the future of money. It is a currency, not a security, and it shouldn’t be governed by securities laws. The dollar, euro, yuan, pound are not regulated by securities authorities.  

​There is little value in attempting to define, box-in, segment or categorize cryptocurrency as something that needs to be continuously examined, questioned and analyzed. Instead, let’s focus on promoting cryptocurrency’s adoption because it is here to flourish and stay.

At a recent DLD 2020 panel, entitled Virtual Currencies & the Global Financial System, the first question from the moderator consisted of “defining cryptocurrencies.” Each of the three panelists (painfully) took a shot at suggesting their own…

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