CLO & Board Member at Fastex | Law Professor at AUA | Board Member at Fast Shift Limited
🌟 Thrilled to have participated in a vibrant panel discussion at Paris Blockchain Week, where we dove deep into the nuances of global crypto regulation. 🌍💼 As the blockchain and cryptocurrency landscape evolves, the spotlight on effective regulation has never been more crucial. During the discussion, I emphasized the importance of crafting regulations that not only provide clear, actionable guidelines for Virtual Asset Service Providers (VASPs) but also avoid creating undue hardship within the industry. 🔍 Key Takeaways: - Meaningful Regulations: It’s vital that regulations are not just in place but are meaningful and practical. They should set clear rules of the game without stifling innovation. - Avoiding Offshore Migration: We must be cautious that overly stringent or vague requirements do not push VASPs to seek refuge in offshore jurisdictions. The goal should be to create a regulatory environment that supports safe and sustainable growth within prominent jurisdictions, not outside them. - Balancing Act: Achieving a balance between strict oversight and maintaining an industry-friendly environment is complex but essential. We are advocating for transparency and predictability in regulatory frameworks to help businesses thrive while protecting the interests of all stakeholders. The journey towards balanced crypto regulations is challenging but essential for building a stable and vibrant digital asset economy. Let's continue the dialogue and work together to shape policies that foster innovation and ensure security! #ParisBlockchainWeek #CryptoRegulation #BlockchainPolicy #Fintech #DigitalEconomy #InnovationInBlockchain
