With rising interest rates that peaked at the end of 2017 around crypto- currencies, regulators and their loved ones found themselves in the world of cryptocurrency. . Banks, central banks, regulators and other financial institutions are racking their brains about this phenomenon and how to approach it.

Regulators, and by association, those in the financial sector, were largely ignored by the crypto-boom in 2017. However, with its adoption and interest at this record level, those behind the ball have had the opportunity to catch up.

Beyond the nascent stage

Bitcoin, despite being over nine years old, can now really get out of its nascent stage. He has crossed the traditional barrier for investors – from Wall Street to the everyday man on the street.

Farzam Ehsani, blockchain leader at Rand Merchant Bank in South Africa, demonstrates this by his title at a large bank. the country. He adds that cryptocurrencies "will really emerge from the nascent stage of marginalization."

"There is no central bank or financial institution that does not think about it and what it means for the economy. Well, the regulators are taking now Bitcoin and other crypto-currencies seriously – as a threat or otherwise – and are looking at Blockchain technology.

It has already been seen with a threat coming from Korea on a crypto ban, which s # It is revealed to be false, always affecting the market.

Bitcoin is often under the spotlight as the most popular and popular cryptocurrency, and therefore the one on which many regulators set their sights , but there are more than 1,000 others to manage.

Hard work

to be mulling over what to do about cryptocurre and how to get them in shape for traditional financial institutions, but it will be a task Difficult.

Ehsani was expecting greater regulation of cryptocurrency exchanges, where the purchase and sale took place, thus interface between crypto-currencies and fiduciary currencies regular. However, it is rather a situation on a case by case basis.

A new wave of adoption?

The fact that dinosaur-type institutions have been forced to take cryptocurrences seriously, even if a little late, is probably positive in the long run.

It gives legitimacy to cryptomarket, and despite the best efforts of regulators, it seems that they can not kill everything. Regulation has always had a positive side, and if that is achieved, the market can stabilize and be less volatile.