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Are Cryptocurrencies And Blockchain Technologies The Next 'Industrial Revolution'?
Big banks and corporations have a huge interest in prohibiting this and will use masses of resources and influential relationships against it.
Banks have already created private blockchain networks
(Example: the R3 Consortium)
and are collaborating with blockchain companies such as Ripple.
Switzerland announced plans for SIX (the company that owns and operates the Swiss stock exchange) to launch a
fully regulated cryptocurrency exchange
. The new SIX Digital Exchange will be overseen by the Swiss national bank and Swiss regulator FINMA,
Banks are already
making their own use of Crypto - bringing corporate control and regulation. Once controlled by banks and the financial industry, many of the potential benefits of cryptocurrency will be lost.
Good or revolutionary technology often proves itself resistant (better, faster, stronger) to traditional forms of regulation. As an example, it wouldn't have been possible to "prohibit" the internet, regardless of how much corporations would have liked to prohibit it.
One of the strongest features is the inability to 'prohibit' as they are censorship resistance. It is as futile as trying to ban file sharing.