Blockchain.com CEO Smith says if US government defaults there is likely pull-back for crypto

FILE PHOTO: Representations of cryptocurrencies plunge into water in this illustration taken, May 23, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
Reuters/REUTERS

Smith said that the firm is likely to "invest heavily" in Dubai

Andrew Mills, Reuters News

May 25, 2023

PHOTO
FILE PHOTO: Representations of cryptocurrencies plunge into water in this illustration taken, May 23, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

London-based crypto firm Blockchain.com's CEO Peter Smith said on Thursday that if the U.S government defaults there will likely be pull-back from crypto currencies followed by a "push upwards".

Smith said that the firm is likely to "invest heavily" in Dubai if the government introduces favourable regulations. (Reporting by Andrew Mills; writing by Tala Ramadan; editing by Jason Neely)

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