The haters will unite in the first conference for skeptics of cryptocurrencies

The haters will unite in the first conference for skeptics of cryptocurrencies

In the midst of the latest cryptocurrency bear market, industry and asset class naysayers have come together to share their skepticism and engage with lawmakers at their own anti-cryptocurrency conference.

Although most cryptocurrency conferences exist to promote the latest developments at the forefront of the industry, Critical cryptocurrency journalist Amy Castor said in her blog post on Sunday that the Cryptocurrency Policy Symposium promises a way for disgruntled naysayers to vent their negativity..

The author and organizer of the symposium, Stephen Diehl, explained to Castor that This first major anti-cryptocurrency event aims to provide the community with a way to speak directly to policymakers about how they think the cryptocurrency industry should be treated.:

“The main goal of the symposium, as Diehl explained to me, is to give policy makers access to the information and material they need to make informed decisions around crypto regulation.”

A common perception among skeptics like Castor and crypto advocates is that government officials lack a solid understanding of how crypto works.. As Castor points out, government officials are “woefully uninformed.” The similarities may end there, as advocates tout the benefits of the technology and the industry. On the contrary, skeptics will point to detriments, such as what Castor called “the current DeFi domino crash”.

Castor complained that policymakers listen primarily to “deep pocket crypto firms with a lot of venture capitalist backing” that could be biasing their policy decisions.. Despite his assessment, it still seems quite difficult for the cryptocurrency industry to move forward in many jurisdictions, such as the state of New York, where a bitcoin (BTC) mining ban is looming.

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In China, where cryptocurrency mining and transactions are outright banned, and in Australia, where cryptocurrency financial services remain frozen by regulators, progress is also slow or non-existent..

Members of government financial and regulatory agencies from the United States and Europe have been invited to attend the event. However, it is unclear if any government officials are confirmed as guests.. Only journalists, software engineers and various professors are confirmed as speakers.

The symposium will take place in London and will be broadcast live on September 5 and 6.

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