Markets need rules — crypto is no different
Without basic protections, uncertainty will drive away serious investors and legitimate businesses
Without basic protections, uncertainty will drive away serious investors and legitimate businesses

Yes, there are risks, but we should recognise that the underlying technology can be useful

Clarity on regulations and how they are applied are needed as much as simplification

They are no substitute for money, even if usage is growing fast

It is impossible to command from the centre, but market participants themselves need strong regulation

Concerns about concentration and valuation should be kept separate

But it relies on a host of rosy assumptions going in investors’ favour