Building a firewall that separates crypto from the traditional financial system may be the best approach to keep the digital asset industry alive in the European Union, Luzius Meisser, chairman of crypto firm Bitcoin Suisse, told CoinDesk TV’s “All About Bitcoin” on Monday.
Meisser said the “containment” strategy, which is one of four strategies the Zug, Switzerland-based firm has outlined, could be beneficial to crypto and the traditional finance marketplace. He said containing crypto is what EU lawmakers are on track to pursue.
“Their intention is to protect, to shield, the traditional financial system from the toxicity of the crypto economy,” Meisser said. “But maybe, it also helps protect cryptocurrencies from the traditional financial systems with all its faults and mistakes.”
Building a firewall that separates crypto from the traditional financial system may be the best approach to keep the digital asset industry alive in the European Union, Luzius Meisser, chairman of crypto firm Bitcoin Suisse, told CoinDesk TV’s “All About Bitcoin” on Monday.
Meisser said the “containment” strategy, which is one of four strategies the Zug, Switzerland-based firm has outlined, could be beneficial to crypto and the traditional finance marketplace. He said containing crypto is what EU lawmakers are on track to pursue.
“Their intention is to protect, to shield, the traditional financial system from the toxicity of the crypto economy,” Meisser said. “But maybe, it also helps protect cryptocurrencies from the traditional financial systems with all its faults and mistakes.”
Original source: https://www.coindesk.com/policy/2023/01/30/bitcoin-suisse-chairman-says-eu-wont-ban-crypto-but-it-may-seek-to-contain-it/
