Progress is still needed around regulatory assets, but there have been some successes. If Bitcoin proved anything, it's that this technology can be monitored by a motivated government if there's clear evidence of an infraction.
"When it comes to cryptocurrencies specifically, I think it [slow government adoption] is a hindrance. It has not stopped cryptocurrency's growth so far, but I think it will if things don't change. It will get to a glass ceiling that will slow down the growth if standards involving taxation and clear regulations of institutions involved with cryptocurrencies are not met," said Tal Elyashiv, founder and managing partner of SPiCE VC, during a roundtable sponsored by VanEck on the evolution of blockchain.
Watch the full webinar sponsored by VanEck to hear more insight about the evolution of blockchain and how the foundation of crypto Is changing fintech: