Cryptocurrency News Today: ‘Countries will only want control’: Apple co-founder Steve Wozniak warns governments will stifle crypto grow through heavy regulation
- Apple co-founder Steve Wozniak is concerned how global governments will regulate cryptocurrencies going forward.
- While speaking at the Nordic Business Forum in Helsinki on Wednesday, Wozniak said he’s “very much afraid” countries will “only want control” as cryptocurrencies spread, according to Bloomberg.
- The comments come as advocates are battling to legitimize cryptocurrencies and government are trying to determine how to regulate them.
- Visit the Business Insider homepage for more stories.
Steve Wozniak is worried about the future of Cryptocurrency regulation.
The Apple co-founder said during a speech at the Nordic Business Forum in Helsinki on Wednesday that he’s “very much afraid” that as cryptocurrencies spread, “countries will only want control, because countries make their money controlling their currency,” according to a report from Bloomberg.
“We’re going to see a little bit of a revolution in that sense, and regulation, very tight regulation,” Wozniak added.
Bloomberg also reported that Wozniak said he only supports novel Blockchain solutions that are improvements from existing technologies such as the decentral