Vitalik Buterin Weighs In On Crypto Regulation

Ethereum founder and leading developer Vitalik Buterin has voiced out his concerns about the crypto industry’s current state and how, in his opinion, it should not be pursuing preferential positions with institutional capital as it currently is. According to Buterin, the ways in which crypto firms and projects pursue compliance to regulatory environments that benefit their own objectives may lead to the industry becoming to the pitfalls of centralization.At its core, crypto and blockchain technologies were designed to be resistant to centralized control, censorship, and state authority.