Blockstream CEO sees 'anti-vulnerability' in crypto systems to deal with regulatory pressure

According to Decrypt, Blockstream CEO Adam Back says the crypto industry will eventually find a solution if a major cryptocurrency exchange operating in the U.S. stops serving customers due to regulatory pressure. There will be a lot of users. It's a market, there's a demand, and once an exchange closes or stops serving a market, people will move to another exchange, or to an international exchange. "

In addition, Back believes that if wire transfers are restricted in the U.S., bitcoin traders will turn to opening bank accounts in euros or Swiss francs and start trading in different currencies. or euros as a banking service, and they usually also allow you to buy and sell bitcoin, which may not be as advanced because they're more like a bank than an exchange. This means that there are always new options and solutions. "