I often have thoughts constantly in my head (no not those kind!) that I don't state loudly enough or blog about. Then when I hear those thoughts from somebody whose opinion I respect, it's like it gives me the confidence and permission to now open up about it.
Time to use the ugly word!
I've always felt that until the crypto space is regulated and simplified enough for Gerard, then it won't flourish. I've talked about the need for simplicity here How do you explain the blockchain world to Gerard, through our Crypto Glasses?, so no point in repeating myself. But before we can make the crypto space simple, we must let the regulators do their job. Rather than crypto companies hiding and being secretive they should actively seek out and embrace the regulators. This MUST happen in order to open the fiat gateways to cryptocurrencies. I've commented on this here on @scaredycatguide's blog and also here on @furious-one's blog.
What is CoinMetro?
CoinMetro is an ICO which is actively leading the way on this regulation that I talk about. They are building a regulated cryptocurrency exchange with a trading platform and an ICO launchpad.
The CEO of CoinMetro is Kevin Murcko who comes from the Forex broker business as the CEO of FXPig. For anyone who doesn't know, I am a full time Forex trader, and I have trading buddies who trade with FXPig.
EOS is not a security
All exchanges will have to regulate or fail. This is why Dan Larimer, alias @dan is careful never to imply that EOS is a security, as then he would have to go down the regulation rabbit hole!
Must watch video!
It doesn't matter if you have zero interest in the above paragraphs, but if you want a better understanding of crypto regulation and it's importance, or indeed of the crypto space in general, then you need to look at this YouTube video link Interview with Kevin Murcko, CEO of CoinMetro. Lets just say "Kevin Murcko knows his stuff."
Disclosure
Am I invested in CoinMetro? Hell, of course I am!! I will be trading cryptos on their regulated platform when it goes live in the next few months, and I simply can't wait. Could I be wrong about them? Hell yes!!
Purpose of this post
I didn't actually set out in this post to pump CoinMetro. I set out to give my view on the importance of the acceptance of regulation in the crypto space, in order to get fiat into this space. Banks cannot work with unregulated companies! Since CoinMetro is actually actively chasing regulation, I wanted to link you to the quality information and understanding shared in the video, and I wanted to give you some background to the guy being interviewed. The interview starts about 3:15 mins in. Please do express your thoughts or questions with comments below.
Enough said from me. Go watch the video.
If after watching the video, anybody is interested in CoinMetro, this is my ambassador link - https://go.coinmetro.com/?refId=5a518ef3fd158e1cea28cc52.
Disclaimer
I am not responsible for any losses you may incur as a result of acting on any of the content contained in this article. I make no recommendations to buy or sell, and this post is purely for information and education purposes. Opinions expressed here are my own, and you should seek advice from a financial adviser.