Cryptocurrencies
Crypto is ‘Double-Edged Sword’ Amid War, Circle’s Allaire Says
- Regulatory scrutiny is what’s behind the delay in going public
- Notion of stablecoins is still being reviewed by regulators
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Circle Internet Financial’s Jeremy Allaire said Russia’s attack on Ukraine highlights the paradox of cryptocurrencies for both participants and regulators.
Allaire, co-founder of the payments and financial infrastructure company behind the USDC stablecoin, said the situation is similar to the early days of the internet. While disinformation campaigns during conflicts can be conducted online, the internet is also being used now for actions such as crowd funding for Ukraine.