Ethereum founder Vitalik Buterin shared his views on crypto regulations in a post he shared.
Buterin believes that the crypto ecosystem should mature and comply with regulatory policies that allow crypto projects to run freely internally.
Ethereum Founder Reveals His Views On Crypto Regulations
Sharing his views on crypto regulations on Twitter, Vitalik Buterin offered his opinion against regulations affecting the inner workings of the crypto ecosystem.
Buterin first said that given the current circumstances, it is better to have regulations that allow internal independence for crypto projects, even if it hinders mainstream adoption. At the same time, he made statements by creating a tweet chain.
Basically, especially at this time, regulation that leaves the crypto space free to act internally but makes it harder for crypto projects to reach the mainstream is much less bad than regulation that intrudes on how crypto works internally.
— vitalik.eth (@VitalikButerin) October 30, 2022
Vitalik Buterin continued his regulation statements on Twitter as follows:
“I am actually glad that many of the exchange-traded funds (ETFs) have been delayed. The ecosystem needs time to mature before it gets more attention.”
Recommending the use of zero-knowledge proof while protecting users’ privacy to meet regulatory requirements, Buterin said:
“I would love for the rules to be written in such a way that the requirements can be met with zero-knowledge proof as much as possible.”
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