Bitcoin has probably already become too enmeshed in the financial world for its ban to be even possible. That's the opinion of Gemini Exchange CEO Tyler Winklevoss. Banning Bitcoin has become an impossibility Although US authorities have long been not particularly sympathetic to Bitcoin, a ban on the cryptocurrency is now unlikely. At least that's the opinion of Gemini CEO and co-founder Tyler Winklevoss. - 'I think if we were back in 2013, it would be an open question,' Winklevoss told podcaster Peter McCormack when asked about regulation and a potential ban on Bitcoin in the US. - I believe that the United States will never outlaw Bitcoin," he added. This comes from the fact that the market has grown strongly. - You're talking about companies that are providing people with careers, building the economy, some of them going public. They are going to become engines in the stock market. Rolling that back up is unlikely to me," he stated. Worldwide adoption blocks potential intentions to ban BTC Winklevoss additionally mentioned regulators as stakeholders. They have the welfare of companies and consumers in mind, he believes, but some may also own BTC and see it as a valuable asset. He also pointed out the trend of cryptocurrency industry leaders ending up in important government positions. - I think there's such a large number of people in the United States who believe in it that I think there's almost a 0% chance that for some reason something like [BTC] will be banned," he said. The same process has reportedly already happened around the globe. - I think the same thing about the UK and Europe. In Singapore, we are in the licensing process with MAS [Monetary Authority of Singapore], their top regulator. They are adopting it. All jurisdictions that are free and open markets and believe in capitalism, believe in Bitcoin, believe in cryptocurrencies," he said. Speaking about leaders from the cryptocurrency market who have received government appointments, he mentioned that the Financial Crimes Enforcement Network recently selected former director Chainalysis as its new acting director. Tags bitcoin Winklevoss brothers btc Tyler Winklevoss bitcoin ban
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