- Guy Gotslak thinks the Fantom Foundation heist highlights the blockchain industry’s needs.
- There are needs in two key areas of the crypto industry, including regulations and education.
- The government needs to develop rules specific to companies like Fantom Foundation.
Guy Gotslak, co-founder and president of My Digital Money, thinks the recent crypto theft from a Fantom Foundation-linked wallet highlights needs in the blockchain industry. He spoke with Coin Edition about the impact of the unfortunate event on the crypto industry.
According to Gotslak, there are pressing needs in two key areas of the crypto industry, namely regulation and education. The trading expert believes the United States should develop rules specific to companies or organizations like Fantom Foundation. He believes the type of business and transactions performed by such groups deal with technologies that are too advanced for the existing laws and regulations.
In his opinion, the U.S. government is making fundamental errors in its stance on cryptocurrencies. Gotslak explains that crypto is a novel technology involving global resources like nodes to decentralized processes that are, …
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