CoinShares CSO: Inconsistent enforcement of legal regulations for cryptocurrencies will harm the industry

According to AMBCrypto, CoinShares CSO Meltem Demirors compared the current cryptocurrency regulation with the original crypto war in the 1990s. She recalled how encryption, which was considered a weapon at the time, was used by civilians and companies for non-military purposes. “I think we will face some of the same challenges here, because this is a new paradigm.” Therefore, she said there are many inconsistencies in how regulators choose to enforce law, adding that this has never been an active Case. She also spoke about the recent remarks made by former CFTC Chairman J. Christopher Giancarlo, who stated that CFTC allowed Bitcoin futures to move forward in 2017, just because they wanted to lower the price of Bitcoin. “This is a clear example of a regulator's choice of winners or losers. This is not the role of regulator.”