Risk of regulatory overshoot threatens blockchain, crypto innovation and growth

 

With any disruptive technology there is both promise and peril — the intrigue of innovation and the risk that it all goes wrong, endangering its own users, perhaps even giving fraudsters new avenues to ply their schemes.

Stellar Development Foundation Head of Policy and Government Relations Seth Hertlein told PYMNTS that when it comes to cryptocurrencies, there’s the possibility that regulators overshoot, erring too far on the side of what might be termed caution by introducing draconian guardrails that underestimate the benefits that come with cryptos and exchanges.

 

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