Friday, July 1

Bitpanda’s Country Manager in Spain ensures that regulation is becoming more and more fundamental and they must move very close to the regulator By CoinTelegraph

© Reuters. Bitpanda’s Country Manager in Spain ensures that regulation is becoming more and more fundamental and must move very closely with the regulator

Alejandro Zala, Country manager of Bitpanda in Spain, has again shared his opinions with the Cointelegraph en Español team, and this time he has spoken about his vision of the crypto ecosystem in terms of regulation, a topic that he assures should be played very close to the regulator for its importance and even knowing that no one wants to miss out on an industry with so much potential.

According to Zala, which has existed since 2009 and the technology on which it is based “has even more distant roots.” This being the case that since then, its popularity has grown slowly and quietly as its price has grown as well. “Since the first proposals filed in 2013, the SEC had blocked all attempts to approve Bitcoin-related investment products. So far, in October 2021, an ETF-based ETF was approved for the first time in history, with impressive implications for the financial industry. ” commented.

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Zala noted that the magnitude of this aforementioned historical milestone should not be put into context and it should be remembered that the SEC took one of the most important cryptocurrency projects in the sector to court:. Due to this, Zala comments: “Many projects and companies related to cryptocurrencies have moved with caution, knowing that they must comply with the different regulatory frameworks that are still being created and that will be created in the future. At the same time, we have also seen several US congressmen ask the SEC to “clear up the uncertainty” so that investment in this sector does not have to seek other jurisdictions outside the United States. Regulate yes, but nobody wants to miss an industry with such potential ”.

Read the full article on Cointelegraph

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