INSUBCONTINENT EXCLUSIVE:
Blockchain, cryptocurrencies and digital assets took center stage at the Code Conference today
During a panel, Ripple CEO Brad Garlinghouse said Bitcoin could end up becoming the &Napster of digital currency,& noting how Napster
&showed us what possible, but in the end, it was Spotify and iTunes and Pandora that won the day because they engaged with regulators,& he
said onstage at the Code Conference today.
But it a bit of the Wild West out there regarding blockchain and cryptocurrency
In terms of when we&ll see regulation around cryptocurrencies and the blockchain, it will be years, Kathryn Haun, a professor at the
Stanford Graduate School of Business and board member at Coinbase and HackerOne, said at the Code Conference.
There are parallels between
the early days of the internet and blockchain, Haun said
In the early days of the internet, for example, people called for a single regulator
That didn&t happen, but now we&re seeing that happen with cryptocurrencies and blockchain, she said.
&We don&t want regulation to outpace
understanding,& she said.
For example, if regulation were to have come out a year ago, it would already be outdated thanks to the rise of
ICOs, she said.
She added, &It important to wait and see how the technology develops.&
