Bringing Blockchain Operators and Regulators Together for a Constructive Future
theaxialstudio.substack.com
In recent years, the blockchain industry has developed a much greater appreciation for regulation, operational excellence and risk management, as compared to the Wild West of its earlier years. Many of the serious players want to find ways to operate their businesses to serve their customers while also protecting them - arguably, the main goal of their regulators. Yet, in the past year, a few bad actors have set the relationship between industry participants, customers and regulators backward. Customers have lost trust in the industry, regulators are taking an enforcement-first approach and companies are trying to navigate the uncertainty. Unfortunately the dialogue between all these stakeholders have been dominated by the loudest voices, with each side talking past each other, not with each other.
Bringing Blockchain Operators and Regulators Together for a Constructive Future
Bringing Blockchain Operators and Regulators…
Bringing Blockchain Operators and Regulators Together for a Constructive Future
In recent years, the blockchain industry has developed a much greater appreciation for regulation, operational excellence and risk management, as compared to the Wild West of its earlier years. Many of the serious players want to find ways to operate their businesses to serve their customers while also protecting them - arguably, the main goal of their regulators. Yet, in the past year, a few bad actors have set the relationship between industry participants, customers and regulators backward. Customers have lost trust in the industry, regulators are taking an enforcement-first approach and companies are trying to navigate the uncertainty. Unfortunately the dialogue between all these stakeholders have been dominated by the loudest voices, with each side talking past each other, not with each other.