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What World Leaders Think About Crypto, and How They Want Decentralization to Bolster Centralised Power

Published 06/26/2018, 07:24 AM
Updated 06/26/2018, 08:01 AM
What World Leaders Think About Crypto, and How They Want Decentralization to Bolster Centralised Power
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Given the apparent sensitivity of cryptocurrency markets to regulatory and political developments, it stands to reason that the world's leaders — and what they think about crypto — will be vitally important in determining the direction the cryptocurrency market will travel in the future. Many leaders have been willing to sit back over the past few months and let crypto develop — more or less — organically, yet it's becoming apparent that the time for official action is drawing increasingly near, at which point Bitcoin, et al. will either bear the brunt of government 'crackdowns' or will benefit from favorable support.

However, teasing out a single, consistent stance on crypto among world leaders is difficult, with many saying conflicting things about Bitcoin, Ethereum and other platforms, and many not openly saying anything at all. But one thing that does emerge, amid all the noise, is that many are enthusiastic about blockchain technology in the abstract, without being enthusiastic about any cryptocurrency that actually exists right now.

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