The recent publication of “Navigating Cryptocurrency Regulation: An Industry Perspective on the Insights and Tools Needed to Shape Balanced Crypto Regulation”, a regulatory guidance document from the World Economic Forum’s Global Future Council on Cryptocurrencies, was accompanied by a industry-regulator roundtable on cryptocurrency regulation moderated by Denelle Dixon, Stellar Development Foundation. Among the panellists were Haimera Workie, FINRA, Wai Lum Kwok, ADGM, Caroline Malcolm, OECD, H.E. Gabriel Abed, Ambassador of Barbados to the United Arab Emirates, Paul Maley, Deutsche Bank, and Alpen Sheth, Mercy Corps.
The exchange expounded on how regulators may build regulatory frameworks that balance financial stability and compliance with innovation, the regulatory challenges surrounding the cross-jurisdictional and digital nature of cryptoassets, achieving interoperability with existing financial systems, harnessing the tax revenue opportunities without threatening industry growth, and achieving better communication between the industry and regulators.
Written by a diverse and global cross-section of the cryptocurrency industry and informed by consultations with regulators, policy-makers and central bankers across a multitude of jurisdictions, the paper is available for your reading here: wef.ch/cryptoreg.
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