Coinbase and Square Will Lead a New Crypto Lobby Group
Coinbase and Square formed a group to help the governments of different states to regulate the crypto assets. The group is called Crypto Council for Innovation, and other big players of the crypto market keep joining in.
They believe the effective communication with the regulators will help to maintain a proper vision of what virtual assets are. Today many governments are sure that crypto assets are mostly used by criminals. This creates a big mistrust to them and reflects in responsive legal regulation.
Lobby groups have already helped to stop the anti-crypto laws successfully. In 2018 the IAMAI group succeeded in making the authorities dismiss the Central Bank’s ban towards the crypto assets. They keep negotiating with them to help them understand the cryptocurrencies better and stop being so categoric.