Reading time: ~2 m
Input Output Hong Kong (IOHK) CEO and founder of cardano (ADA) blockchain Charles Hoskinson spent a week in Washington, D.C. There he actively discussed with politicians the topic of cryptocurrency and industry regulation. The developer admitted that his project seeks to achieve consensus with regulatory authorities. Hoskinson expressed confidence that he will be able to make the business completely legal and transparent.
The entrepreneur noted that he has long been a supporter of cooperation of the cryptocurrency industry with the governments of leading states. They said the industry should be transparent to regulators. Only then will it be possible to talk about the mass adoption of digital currencies.
Hoskinson assured that cooperation with the largest financial supervisory authorities is an important aspect for the evolution of his own blockchain startup. He stressed that he will continue to participate in discussions with politicians and associations of other blockchains to find out opportunities for cooperation.
The entrepreneur said that the ecosystem of his product will expand and the tokens inside it must comply with all regulatory requirements. The businessman said that it is necessary to strive not only for decentralization, but also for sustainability and stability. Developers will try to make Cardano a more scalable, honest and productive product.
#Cardano #spoke #working #regulators