Bitclear Co-Founder evgeny skigin on Crypto Regulation and Innovation
In 2014, Evgeny skigin, co-founder of Bitclear, saw the potential of Bitcoin as a payment system. This was long before crypto became mainstream. Skigin’s vision led to the creation of software that integrated Bitcoin into e-commerce platforms. Today, Bitclear supports various cryptocurrencies, offering a robust solution for payment service providers.
Skigin’s journey hasn’t been without challenges. Navigating the regulatory landscape was tough. Bitclear started in Denmark, moved to Malta, and finally settled in Liechtenstein. This move allowed them to secure the necessary licenses for crypto trading and broader operations.
Regulation is crucial for the crypto industry’s growth. Skigin believes that without clear rules, the market would be speculative and unstable. He actively participates in regulatory committees,helping lawmakers understand blockchain technology.
When asked about bitcoin’s future, Skigin is cautious. While Bitcoin’s blockchain is technologically advanced, its role as a global reserve currency depends on how we define money. the crypto market’s rapid evolution shows promise, but challenges remain.
Skigin’s insights highlight the importance of innovation and regulation in shaping the future of decentralized finance. As major corporations and governments explore digital currencies, Bitclear’s experience offers valuable lessons for the industry.
Crypto’s Evolution and Future Prospects
Cryptocurrency is a powerful tool for storing and transferring value. However,its volatility makes it unsuitable as a stable currency. Stablecoins, which are tied to fiat currencies or even backed by gold, offer more predictability and stability.
This shift towards stablecoins is part of crypto’s broader move towards forming its own financial ecosystem. Crypto provides financial freedom, allowing individuals to store, transfer, and control their money. Yet, banks are tightening restrictions, making it harder to withdraw or deposit cash and scrutinizing transactions. This harms individual rights and businesses. In contrast, crypto enables lower-risk global trade.
As an investor, the crypto market’s direction was clear.while launching Bitclear, I was also building a customary agricultural business.The ease of scaling digital operations over physical ones was evident. Many startups are now launching their own tokens, but we don’t see this as a direction for our business.
Bitclear is evolving, expanding into the B2C market in Central America with a white-label infrastructure solution. We’re also developing a mobile app for real-time monitoring and a payment card for crypto transactions. Our lean team of 10, including developers from Poland and Spain, is enough for now.With increasing demand, developer salaries are rising, rivaling those of AI specialists.
The market is heading towards more individuals handing over their crypto assets to professionals while retaining custody. Openness is key, especially after recent events.
Regulation and Security: Essential for Crypto Market growth
Many people have lost money due to crypto fraud. This highlights the need for strong regulation and security measures.These elements are crucial for the future of the crypto market. Our company aims to be reliable, skilled, and adaptable.
Regulation ensures that crypto platforms follow rules. This protects users from scams. Security measures keep user funds safe.Together, they build trust in the crypto world.
Our company focuses on being trustworthy. We want to help the crypto market grow safely. We believe in being flexible while following the rules. This approach helps us stay ahead in a fast-changing market.
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