The cryptocurrency community in 2021 will enter an active battle for privacy. This was stated by Hodl Hodl’s CEO Max Kedun during a panel discussion at the ForkLog conference “Bitcoin 2020: New Horizons.”<\/p>\n
The speaker predicted a split in the community into two opposing camps:<\/p>\n
\n“Some of the community will fight for the absence of privacy under the pretext of mass adoption, while the other will oppose it.”<\/p>\n<\/blockquote>\n
The outgoing year 2020 will be remembered for the war between exchanges and regulators, adds Kedun:<\/p>\n
\n“Examples BitMEX<\/a> and Deribit<\/a> clearly show that regulators have actively taken up the industry and in 2021 we will see many sad precedents.”<\/p>\n<\/blockquote>\n
The managing partner of Baseley & Partners, Tatiana-Eliza Vasilyeva, notes the duality in regulator actions. On the one hand, governments want to see central bank digital currencies (CBDCs); on the other hand, they are considering how to build a “regulatory landscape” for the crypto market.<\/p>\n
\n“Obviously, digital currencies are viewed by regulators as real money and the same AML\/KYC and licensing rules will apply to them. It is unclear how regulators will align the crypto market and CBDC,” the lawyer said.<\/p>\n<\/blockquote>\n
European regulators are not focused on AML control; they are more concerned with the legality of the source of capital and transaction identification.<\/p>\n
American authorities have gone furthest in regulating the crypto market, continues Tatiana-Eliza Vasilyeva. They benefit from vast resources and a powerful legal framework.<\/p>\n
\n“Projects with a centralized team or a founder who is openly involved in the project\u2019s activities and development are at risk. Usually, it is the founder that regulators punish for financial activity without a license,” Vasilyeva noted.<\/p>\n<\/blockquote>\n
In this sense, more decentralized projects have more freedom, the expert added.<\/p>\n
Earlier trader Tone Vays stated that after hitting $19,600 Bitcoin is headed for $21,000.<\/p>\n