On July 30, in a recent interview with CNBC’s Squawk Box, Anthony Pompliano, co-founder of Morgan Creek claimed that countries whether it’s China, Russian or the US, that embrace bitcoin would be frontrunners in the financial technology space.
Pomp says that nobody can stop Bitcoin. Hence, the country that adopts Bitcoin first will have a serious advantage while other counties will be playing catch-ups.
Pomp also claimed that “Singapore will be the first country to embrace Bitcoin” as Singapore is one of the most developed jurisdictions for crypto businesses worldwide.
Further Pomp explained : “Look at Singapore; Singapore’s saying, ‘Bring it on! We’re going to provide rules, we’re going to give you clarity and we want these companies here – we want the innovation, we want the entrepreneurs to come in”.
US Crypto Regulations
Chief Strategy Officer of CoinShares Meltem Demirors, also joined Pomp in the CNBC panel discussion. She believes that the US is all about rules. The regulators in the US have no issues with people who use bitcoin as long as they follow the law.
“One of the most important things for most of the hardcore Bitcoiners is that they have a choice,” Demirors said. “They can choose what they want to do with their bitcoins – who to transact with, who to interact with. This whole movement is about eliminating our dependence on intermediaries.”