RATE Group | Regulators Hostile to Bitcoin Will Fall Out of Favor, Warns Samson Mow
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Regulators Hostile to Bitcoin Will Fall Out of Favor, Warns Samson Mow

31 Oct Regulators Hostile to Bitcoin Will Fall Out of Favor, Warns Samson Mow

Posted at 15:50h in Bitcoin News by

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Hostility to Bitcoin (BTC) from the global regulators is a double-edged sword that can hurt authorities if they lose their power, the Blockstream Chief Strategy Officer (CSO) warned.

During a panel at a Liquid meetup at Litecoin Summit on Oct. 29, Blockstream CSO Samson Mow predicted that regulatory restrictions to Bitcoin could have both favorable and unfavorable consequences for the regulators themselves.

Regulators should be careful while enforcing Bitcoin regulation

The panel is a part of the event hosted by BTC technology firm Blockstream and BTSE exchange in Las Vegas, BTSE’s global marketing director Lina Seiche shared on Oct. 31. 

Alongside Mow, the panel also featured Litecoin (LTC) founder Charlie Lee and industry Twitter personality WhalePanda.

During the discussion, Mow pointed out that Bitcoin really solves a lot of issues in the existing financial system such as inflation. He also predicted that global jurisdictions will eventually have to adopt it due to the multitude…

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