VIDEO–Anthony Di Iorio on Potential for Governments Regulating Blockchain Technologies

When it comes to cryptocurrencies, it goes without saying that bitcoin is typically the first one that comes to mind to the average person. Ethereum, however, is right there behind it –relatively speaking–as the second largest cryptocurrency by market cap.

As it currently stands, bitcoin’s market cap is roughly $138 billion while Ethereum’s is just over $80 billion. While there’s a significant gap in between their market caps–and their prices overall–it was Ethereum’s price gains in 2017 that crushed bitcoin’s: last year, bitcoin increased 1,259.94 percent while ethereum soared by 8,971.8 percent.

On that note, at the CanTech Investment Conference in Toronto held on January 31, the Investing News Network (INN) had the opportunity to speak to none other than Anthony Di Iorio, CEO and founder of Decentral and Jaxx, and co-founder of Ethereum about the outlook for Ethereum and the potential for governments regulating blockchain technologies, like Canada whose government declared in January that it will explore the “potential of blockchain technology.”

When asked about whether or not other governments will begin implementing blockchain technologies, Di Iorio said that, in his mind, the ones who understand the potential benefits resulting from these technologies can “take charge and hopefully entice entrepreneurs” by understanding the value and benefits from the technology.

“I think there will be [blockchain] regulations coming, but it will be the countries and the ones that understand that the value will come out, but if [governments] put too much of a heavy hand on it, people will go elsewhere,” Di Iorio said.

Watch the video above for more of what Di Iorio had to say about the Decentral and Jaxx platform, his decision to join Mogo Finance Technology (TSX:MOGO) as special advisor, and how he thinks the blockchain space will change day-to-day life moving forward.

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Securities Disclosure: I, Jocelyn Aspa, hold no direct investment interest in any company mentioned in this article. 

Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.