Head of Marketing
S.C: The end of what? The wild west? A free pass for scammers? With the billions that have been hacked and stolen by various means, and then founders dying with a sole password access to the exchange funds I think most people would be OK with some degree of regulation, rather than a complete wild west scenario. Also if you want to drive wider adoption, then these bad practices need to be eliminated. Regulation is coming, this is not a bad thing unless you are a scammer.
S.C: Yes, of course, same as the prior answer.
S.C: Reg Tech evolved out of financial services, but it makes sense in many other areas too. So it is logical to consider it for crypto too. Crypto is just one more use case for RegTech innovators.
S.C: Hm, tough question. Could be good, some companies have moved to Ireland, so this is great for Ireland. Could be bad, the UK is Ireland’s largest trading partner & UK is already showing signs of going into a recession, which could impact on Ireland for sure.
S.C: While Ireland has been a global leader for Fintech innovation, especially in payments and Regtech, sadly it is hard to make the same case for blockchain & crypto in Ireland. There seems to have been more of a wait and see attitude in Ireland in relation to these sectors. Therefore, as we don’t have lots of crypto exchanges based in Ireland, nor Irish cryptocurrencies the impact looks like it will be more of an indirect one.
S.C: We are seeing a maturing market. Bitcoin is currently a relative rock of stability compared to other assets like oil, gold, property. The other leading currencies are still in the middle of format wars, will ETH or XRP dominate, EOS or Stellar? Whoever can demonstrate the best solutions, allied with strong network usage and utility will do very well, those who don’t could well fade down to next to nothing. It is an interesting time and one that will lead to more stability, once these questions are resolved.