Canadian Fintech Execs See Regulations Helping To Grow The Cryptocurrency Market

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  (Kitco News) -   The  debate on rules within the cryptocurrency house continues to warmth up.  Canadian market leaders say that extra guidelines are wanted if shopper adoption of  digital currencies continues to develop. 
In accordance  to a panel dialogue through the 2021  Fintech & Financing Conference and Expo (FFCON21), the COVID-19  pandemic has pressured shoppers to embrace a digital life-style, resulting in the  explosive progress of cryptocurrencies like bitcoin. 
Nonetheless,  the individuals additionally famous that though digital currencies like bitcoin are  changing into accepted as mainstream property inside monetary markets, shopper  adoption continues to be in its infancy with vital untapped potential. 
Alice  Davidson, vp and common counsel at MOGO, stated that buyers and  traders have change into much more accustomed to digital currencies as an  funding class in the previous couple of years, and the market is not a  "mystical multiverse." Nonetheless, she added that shopper adoption is  nonetheless fairly low. 
Davidson  added that the important thing to additional shopper adoption is thru regulation.  Regulation will result in extra shopper safety, creating extra confidence in  {the marketplace}, she stated. 
"I  suppose rules are needed," she stated. "In any case, we're speaking  about cash in a single type, or one other and shoppers want safety." 

Ryan Wang,

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