Bitcoin has become a global trend in recent years, and digital currency is gradually becoming the mainstream. But not everyone likes bitcoin. In this context, there are endless discussions about the future of bitcoin.

In recent years, Tyler kravos, the chief executive of Gemini in the United States, has given his views on the reality of the ban on the program.

The reason, he explained, is that there are too many precedents in court. In 2015, the US Commodity Futures Trading Commission (CFTC) referred to bitcoin as a commodity when trading with derivabit, a bitcoin option trading platform. According to the CFTC, the product derivabit of a company called coinfilip at the time did not meet regulatory requirements. When it comes to the ban on bitcoin, winkleworth thinks there are too many things that need to be lifted.

In the interview, winkleworth also mentioned that regulators are stakeholders, they consider the interests of the company and consumers, but there are also some people who hold bitcoin and think it is very valuable. He pointed out that the trend of encryption industry leaders seeking to enter government posts is very obvious. In his view, there are many people in the United States who believe this, so for whatever reason, the possibility is almost zero. He added: I think the same is true in the UK and Europe. Singapore's top regulator, the monetary authority of Singapore (MAS), is licensing us. They are embracing it. All jurisdictions are free and open markets, they believe in capitalism, they believe in bitcoin, they believe in cryptocurrency, I think it's an opportunity, not a threat.

Finally, he also pointed out that stopping bitcoin essentially requires significant restrictions on the Internet as a whole, which will affect other economic aspects.

According to the current situation, with the supervision of governments, 99 (40%) of the 246 countries in the world have issued open bitcoin laws. About 17 countries, accounting for 7% of all countries in the world, have laws that restrict or make bitcoin illegal. What's more interesting is that 53% of the countries in the world have not yet evaluated the currency and its legitimacy in their countries. This is a risk for bitcoin, because these uncertain countries may eventually issue laws restricting virtual currencies.

(2021-4-4)