What should the crypto industry expect from regulators in 2022? Experts answer, Part 1


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
Salvador
adopting
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
adversely
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
adopted
by
governments
to
safeguard
their
citizens.

Regulations
are
necessary
for
crypto
in
2022,
but
restrictions
are
not.”

read original article here