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Bitstamp CEO Believes That UK Regulatory Crackdowns May Make The Crypto Industry Healthier

Mary Liu

Summary: Julian Sawyer, CEO of cryptocurrency exchange Bitstamp, discussed the latest wave of crypto-related crackdowns in the UK in The Decrypt Daily podcast.  Major British banks such as Santander Bank and Barclays Bank have blocked payments to Binance. Sawyer believes the regulator's move does not mean the government is "anti-cryptocurrency" on the whole, but may make ...

Julian Sawyer, CEO of cryptocurrency exchange Bitstamp, discussed the latest wave of crypto-related crackdowns in the UK in The Decrypt Daily podcast. 

Major British banks such as Santander Bank and Barclays Bank have blocked payments to Binance.

Sawyer believes the regulator's move does not mean the government is "anti-cryptocurrency" on the whole, but may make the industry healthier. 

"It is not the bank saying 'we don't like crypto,' it is the bank saying 'we don't like some actors, but we do like the regulated exchanges'...In this way, the market is now separating the bad actors from the good actors, rather than looking at the entire crypto industry as flawed." Sawyer explained. 

By Mary Liu

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