Hatu is the co-founder and chief strategy officer of DAO Maker, which creates growth technologies and funding frameworks for startups while simultaneously reducing risks for investors.
“2021 has been a stop-start year for crypto and DeFi, as regulatory bodies have not clarified their stance on the industry. This has held back the retail population from getting involved, and this is a huge opportunity cost for the industry. However, with El Salvor opting Bitcoin as legal tender and more countries embracing crypto, the future looks brighter.
In 2021, yes, there have been multiple deliberations at various levels regarding crypto and its regulatory status. Governments and regulatory authorities across the globe have expressed reservations against the mainstreaming of crypto. However, they also realize the industry is maturing and currently is even too big to have a blanket ban imposed.
I believe blockchain technology must be nowhere near the regulatory scheme of things, as the tech and its applications supersede the need for oversight. They bring much-needed facets like transparency and decentralization to the forefront. Regulating blockchain technology will only versely impact our evolution as a society.
Apart from this, in 2022, I expect more acceptance on the regulatory front 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 opted by governments to safeguard their citizens.
Regulations are necessary for crypto in 2022, but restrictions are not.”
META ARTICLE: What should the crypto industry expect from regulators in 2022? Experts answer, Part 1 PUBLISHED: 2022-01-08 15:15:00 SOURCE: https://cointelegraph.com/explained/what-should-the-crypto-industry-expect-from-regulators-in-2022-experts-answer-part-1