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International Business Times

Business

Marvie Basilan

EXCLUSIVE: Bitpace CEO Talks About The State Of Global Crypto Regulation

Crypto United States European Union SEC International Monetary Fund

How is the state of global crypto regulation more than a decade since the industry challenged the traditional financial realm? (Credit: Jernej Furman/flickr.com)

KEY POINTS

The IMF previously warned of growing concern over the lack of a global regulatory framework
Europe-based crypto firms see MiCA as an 'opportunity for Europe to emerge as a leader in crypto asset regulation': Bitpace CEO Anil Oncu
The UK's new bill seeking to recognize crypto as personal property can help legitimize the industry, he said
Lawmakers should focus on delivering 'future-facing' policies for a fast-evolving industry: Oncu

In an industry that relies largely on the trust and confidence of users who have opened their minds to a new digital economy powered by blockchain and cryptocurrency, regulations remain uncertain, and the uncertainty has had a significant impact on broader adoption.

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