News04 July 2022

Crypto sceptics are on fire and united

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Amid an active bear market, opponents of the crypto sector have united to share their scepticism about the financial instrument. But the exciting thing is that all this will take place at a separate conference, the purpose of which is to convince politicians of the irrationality of crypto and to point out its problems. The conference itself will be held in early September, presumably in London.

To be more precise and referring to the words of the event's organizer, Stephen Diehl, the event is to find out from politicians how they feel about the industry and to provide them with relevant material from the industry to make an informed decision on the settlement of crypto. As a reason, Stephen cited the terrible illiteracy of officials on the issue. 

If you compare this to the usual symposium of crypto proponents, only the differences come next. Proponents will talk about technology and industry advancements; then the haters will talk about the birther marketplace and the collapse of DeFi.

Also mentioned were complaints about politicians hearing about crypto, usually from large foundations and companies, can skew policy decisions. Although, for example, mining is banned in New York, crypto transactions are banned in China, and Australia has frozen financial services in the crypto sector.

Plans call for guests to include members of government regulators in Europe and the U.S. However, the list of confirmed guests is still unknown to us. Among the speakers will be: professors, journalists, and software engineers.

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