Regulatory barriers to entry gives MODE the advantage.21 Jan 2021 17:46
Markets around the world are reviewing cryptocurrencies and the use people have of them. The UK issued a call for evidence on the regulation of cryptoassets and stablecoins in January 2021. The UK is developing a legal framework so the companies who market the services of BTC and other crypto are of sound management, have checks and balances in place to stop illegal activity as well as allowing the promotion of new industries and innovation in crypto. MODE has early mover advantage as the regulation globally is increasing. MODE is already registered with the FCA which is a huge milestone to base the business moving forward. MODE is an incumbent in crypto. Jonathan Rowland has already spoken of the fact that in the future companies won’t be able to enter the crypto space because regulation is so high. We should welcome the FCA’s call for opinions on crypto regulation as it protects our crypto related wealth rather than undermine it.
I note today Janet Yellen being hostile toward crypto but despite the emotive comments, the US government will regulate, not sanction BTC and other crypto in order to prohibit illegal activity. There are too many big institutions and retail investors involved. Any attack on BTC and other crypto means it becomes an election issue moving forward.
Yellen comments is why there was a drop today in ARB, MODE and BTC today. No other reason. The scene is set for a prosperous future for MODE and its shareholders.