CEO of crypto asset exchange is wary of crackdown on crypto assets, the United States also said that it is 'short-sighted'
In recent years, crypto assets (virtual currencies) such as Bitcoin and Ethereum have been attracting worldwide attention, and not only people who are familiar with technology but also general investors are now owning crypto assets.
Bitcoin: Kraken CEO Jesse Powell warns of cryptocurrency crackdown
https://www.cnbc.com/2021/04/12/bitcoin-kraken-ceo-jesse-powell-warns-of-cryptocurrency-crackdown.html
In response to the growing worldwide attention to crypto assets such as Bitcoin, Bitcoin reached a record high in March 2021 and temporarily exceeded $ 60,000 (about 6.6 million yen). In April 2021, it exceeded $ 60,000 and approached the highest price, making it a popular investment target. Also, in recent years, non-fungible tokens (NFT), which trade digital files as unique, have been attracting attention, and crypto assets have become a very hot field.
Meanwhile, many officials, including US Treasury Secretary Janet Yellen and European Central Bank Governor Christine Lagarde , are using crypto assets for money laundering, terrorist financing, and other illegal activities. Shows concern. In 2021 January, Ieren Mr. encryption asset is that it is 'special concern' in the terrorist financing said response to the fact, the price of temporary bit coins also plunged 10 percent were.
Meanwhile, in an interview conducted by CNBC, an American news broadcaster, in April 2021, Mr. Powell said, 'I think there may be some crackdown,' and the governments of each country are cracking down on crypto assets. He expressed the view that he might embark on. Kraken, CEO of Powell, is the world's fourth-largest cryptocurrency exchange and is reportedly aiming to be listed on the stock market in 2022, but remains uncertain about cryptocurrency regulation. It is said that the sex remains.
In December 2020, to prevent money laundering, regulations that require customers to verify their identities when people who hold crypto assets in private digital wallets make transactions of $ 3,000 or more. The US Treasury announces the plan. The proposed regulation was temporarily put on hold with the inauguration of President Joe Biden, but similar efforts may be announced in the future.
Not only the United States is considering the regulation of crypto assets, but India is also considering a total ban including the possession of crypto assets.
India considers total ban on crypto assets, even 'holding' is penalized --GIGAZINE
'Such efforts can hurt crypto assets and undermine the original use of crypto assets to make financial services available to everyone,' Powell said of the regulation of crypto assets. .. Although the authorities regard crypto assets as dangerous, the use of fraudulent crypto assets has decreased in recent years, and the number of transactions related to fraud was about 2% in 2019 to 0.34% in 2020. It is said that it is decreasing.
Powell points out that the United States is more 'short-sighted' about crypto assets than other countries and is more susceptible to pressure from banks and others who are threatening crypto assets. 'I hope the US and international regulators don't take a very narrow view. Some other countries, especially China, take a long-term view of crypto assets and take them seriously,' he said. .. He also argued that the more regulated by the authorities, the more attractive the crypto assets could be, with the message that 'crypto assets can be a good alternative to the home currency.'
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