Collective groups and associations want to establish industry standards for crypto, but will this guidance make a real impact on adoption?
Although the cryptocurrency sector may still be considered the “Wild West” by some governments and regulators, continued adoption and emerging use cases show that digital currencies are here to stay. Some even argue that blockchain-based networks and decentralized finance, or DeFi, platforms may soon replace traditional financial systems. Yet despite ongoing progress, the crypto industry is still young and, therefore, requires further development before it can be widely accepted. One area in particular that needs deeper addressing within the crypto space is regulation. Mohamed El-Erian, chief economic advisor at Allianz — a German multinational financial services company — stated in a Financial Times article that it’s the duty of crypto proponents to cultivate better relationsh
Źródło: https://cointelegraph.com/news/recommending-regulations-crypto-working-groups-make-push-for-adoption
