Should Beijing look at its crypto ban? A former bank member believes so
A former member of the Monetary Policy Committee at the People’s Bank of China believes the ban on China should be reconsidered.
Brian Armstrong, of the global cryptocurrency trade exchange Coinbase, is known for his optimism in the future of cryptocurrency. Once again, the Coinbase CEO has expressed his sentiment on the industry with hopeful predictions.
In a recent interview with TechCrunch, Armstrong reviewed his thoughts on how the industry might look in the future.
Brian Armstrong (Coinbase) says crypto regulation will result in the next version of the stock market #TCDisrupt pic.twitter.com/2kyxAmhPSZ
— TechCrunch (@TechCrunch) September 7, 2018
Ever-confident, Armstrong declared that he saw Coinbase emerging with the same sort of success as that of the New York Stock Exchange. He also expressed that he thinks that the cryptocurrency industry will see exponential growth in the number of tokens in the market and that organizations will start to adopt the innovation and will develop their own cryptocurrencies
Armstrong said:
“It makes sense that any company out there who has a cap table should have their own token. Every open source project, every charity, potentially every fund or these new types of decentralized organizations [and] apps, they’re all going to have their own tokens.”
He added that he could see Coinbase acting as the platform which will be globally recognized as “the bridge all over the world where people come and they take fiat currency and they can get it into these different cryptocurrencies”.
A former member of the Monetary Policy Committee at the People’s Bank of China believes the ban on China should be reconsidered.
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