Ethereum’s outspoken co-founder, Vitalik Buterin, recently expressed his frustration over the current state of cryptocurrency regulation and offered up a surefire solution to the problem.
Buterin previously conjured three recommendations purported to be able to solve the problem of “useless” cryptocurrency products and services.These recommendations include limiting leverage, requiring audits and transparency, and gating usage with knowledge tests. Buterin says that rather than offer the most protections to companies and projects without a long-term vision or plan, he would “much rather see us move to the opposite situation, where issuing a token without giving a clear long-term story for why it will maintain or increase in economic value is the riskier thing.”