Home Finance specialist What should the crypto industry expect from regulators in 2022? Experts’...

What should the crypto industry expect from regulators in 2022? Experts’ response, part 1

16
0

Hatu is the co-founder and chief strategy officer of DAO Maker, which creates growth technologies and financing frameworks for startups while simultaneously reducing risk for investors.

“2021 has been a stop-start year for crypto and DeFi as regulators have not clarified their position on the industry. It has kept the retail population from getting involved, and that’s a huge opportunity cost to the industry.However, with El Salvador adopting Bitcoin as legal tender and more countries adopting crypto, the future looks brighter.

In 2021, yes, there have been multiple deliberations at different levels regarding crypto and its regulatory status. Governments and regulatory authorities around the world have expressed reservations against the integration of crypto. However, they also realize that the industry is maturing and is even currently too large for a blanket ban to be imposed.

I think blockchain technology needs to be away from the regulatory scheme of things, as the technology and its applications are replacing the need for oversight. They bring to the fore essential facets such as transparency and decentralization. The regulation of blockchain technology will only have a negative impact on our evolution as a society.

Other than that, in 2022 I expect more regulatory acceptance as crypto aims to revolutionize the financial system across the globe with DeFi. Crypto forensics is on the rise and I expect it to be adopted by governments to protect their citizens.

Regulations are needed for crypto in 2022, but restrictions are not. “


Source link