{"id":8841,"date":"2021-06-27T23:54:05","date_gmt":"2021-06-27T23:54:05","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/crypto-industry-will-benefit-from-tighter-regulation-says-law-professor\/"},"modified":"2021-06-27T23:54:05","modified_gmt":"2021-06-27T23:54:05","slug":"crypto-industry-will-benefit-from-tighter-regulation-says-law-professor","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/crypto-industry-will-benefit-from-tighter-regulation-says-law-professor\/","title":{"rendered":"Crypto Industry Will Benefit From Tighter Regulation, Says Law Professor"},"content":{"rendered":"

The chairman of International Banking Law and Finance at the University of Edinburgh, professor Emilios Avgouleas, says that tighter crypto regulation will benefit the industry in the long run. He is bullish about the prospects of cryptocurrencies becoming widely used around the world.<\/strong><\/p>\n

Tight Regulation Good for Crypto Industry<\/h2>\n

Professor Emilios Avgouleas talked about how strict regulations are beneficial to the crypto industry in an interview with the Insider last week.<\/p>\n

The chairman of International Banking Law and Finance at the University of Edinburgh, professor Avgouleas is also a senior research fellow at crypto technology company IOHK. According to the university, he is \u201ca leading international expert on financial reform, fintech policy and regulation, banking theory and regulation, capital markets regulation, law and finance, and global economic governance.\u201d<\/p>\n

Professor Avgouleas described that governments\u2019 efforts to regulate the crypto industry should make cryptocurrencies more reputable and harder for criminals to use. While admitting that \u201cIn the short run, regulation may be a bad thing, because market prices will go down,\u201d he believes that \u201cat the same time regulation will weed out unholy activity and will make these alternative means of payment even more acceptable for the mainstream user.\u201d The professor opined:<\/p>\n

In the long run, it will make the shift away from government money, to digital means of payment, permanent.<\/p>\n

<\/p>\n

Avgouleas also said that central banks exploring issuing state-backed digital currencies, central bank digital currencies (CBDCs), should legitimize cryptocurrencies in the eyes of consumers.<\/p>\n

An increasing number of countries are getting more serious about regulating cryptocurrencies. China has been cracking down<\/a> on bitcoin mining as well as payments. In the U.S., the chairman of the Securities and Exchange Commission (SEC), Gary Gensler, has been calling for increased oversight<\/a> of cryptocurrency exchanges and legislation to protect consumers<\/a>. However, bitcoin and cryptocurrency are left off<\/a> the SEC\u2019s regulatory agenda this year.<\/p>\n

Professor Avgouleas also said he is bullish about the prospects of cryptocurrencies, believing that they could become widely used around the world as they\u2019re private, secure, and international.<\/p>\n

Do you agree with professor Avgouleas? Let us know in the comments section below.<\/strong><\/em><\/p>\n

Bitcoin News
\nRegulation, Bitcoin regulation, bullish cryptocurrencies, crypto industry, Crypto regulation, Emilios Avgouleas, finance professor, law professor, strict crypto regulation, University of Edinburgh<\/p>\n","protected":false},"excerpt":{"rendered":"

The chairman of International Banking Law and Finance at the University of Edinburgh, professor Emilios Avgouleas, says that tighter crypto regulation will benefit the industry in the long run. He is bullish about the prospects of cryptocurrencies becoming widely used around the world. Tight Regulation Good for Crypto Industry Professor Emilios Avgouleas talked about how…<\/p>\n","protected":false},"author":0,"featured_media":8842,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-8841","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/8841"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=8841"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/8841\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/8842"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=8841"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=8841"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=8841"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}