What the Future Looks Like for Cryptocurrency After Brexit
CEO Danial Daychopan of Plutus suggests that the decentralization of cryptocurrency gives it an edge as a more stable alternative to real currency.
They also explain that after the Brexit, they’re less likely to trust banks and governments as a source of help if they come to being unstable, and they would rather depend on cryptocurrency as a more stable way to boost their financial system.
The CEO publicly recognizes that in the most economically-unstable countries, they find they’ve already reached a stable digital economically stable state. So, they believe that the less people trust the government, the more likely digital currencies will become the number one alternative for currency in the future.
Also, the EU government, sans 6 states, signed a partnership towards the EU Blockchain. This will make future dealings with cryptocurrency under the authority of the EU government, which will facilitate the process.
The EU government also announced a calling for deciding how they would regulate cryptocurrency. On both a G20 level, and a government level.
Kay SwineBourne, MEP, believes in the irrelevance of the EU Blockchain Observatory Forum for the EU cryptocurrency path to succeed.
As for the UK, they have gone a long way down the cryptocurrency path. Credits given to Gibraltar, their new crypto advancement.
In addition, the UK plans to have their own crypto regulations, apart from the EU, as soon as possible before they leave. The EU itself has already prepared for the era after the Brexit to stay as a hub for global fintech.