In an interview with CNBC, Dan Morehead expressed an optimistic outlook on the development of cryptocurrencies and blockchain, as more large companies and financial institutions begin to discover digital assets. According to him, most organizations currently do not have access to blockchain, but once they start working in this area, the cryptocurrency sector will develop even faster.
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The main obstacle to the adoption of cryptocurrencies among institutional investors is the uncertainty in the regulation of the industry, Morehead believes. He mentioned the legal disputes involving major crypto companies accused of violating securities laws by American regulators.
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