The crypto industry is in a state of flux as governments continue to crack down on ICOs and cryptocurrencies. The question remains: Where does this path lead? In Part 1, experts discuss the current regulatory landscape for blockchain-powered projects at large companies and businesses.
The “where is bitcoin headed in 2022” is a question that has been asked by many people. In this article, we will be answering the question as to what the crypto industry should expect from regulators in 2022. This is part 1 of 2 articles.
Hatu is the co-founder and chief strategy officer of DAO Maker, a company that develops growth technology and finance frameworks for businesses while also lowering investor risk.
“Crypto and DeFi have had a hit-or-miss year in 2021, as regulatory agencies have yet to clarify their position on the business. This has deterred the retail populace from participating, resulting in a significant potential cost for the sector. The future, though, is brighter, with El Salvador recognizing Bitcoin as legal cash and more governments embracing cryptocurrency.
Yes, there have been several discussions about cryptocurrency and its regulatory position at different levels in 2021. Governments and regulatory agencies all around the world have raised worries about crypto’s mainstreaming. They also recognize that the business is evolving and is now much too large to be subjected to a blanket prohibition.
Blockchain technology, in my opinion, should not be included in any legal framework since the technology and its uses outweigh the need for control. They bring important aspects like as transparency and decentralization to the fore. Regulating blockchain technology will only have a negative influence on our society’s progress.
Apart from that, I foresee increased regulatory approval in 2022, as crypto wants to overhaul the global financial system via DeFi. Crypto forensics is becoming more popular, and I anticipate governments to use it to protect their populations.
In 2022, crypto will need regulations, but not prohibitions.”
The “stablecoins regulation” is a question that has been asked by many. The cryptocurrency market is growing and the future looks promising for the industry. Experts predict what regulators will do in 2022.
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