Europe behind: Financial innovation and the struggle for crypto pre-ruling

Europe behind: Financial innovation and the struggle for crypto pre-ruling

Challenges of Europe in the international crypto competition

Europe faces the challenge of keeping up in international competition in the field of cryptocurrencies. Berthold Baurek-Karlic, CEO of Venionaire Capital, attributes this gap to structural factors in dealing with financial innovations.

The crypto industry develops rapidly and presents traditional financial systems with new challenges. While countries such as the USA and some Asian nations pursue innovative approaches to regulating and promoting crypto technologies, Europe seems to act rather reserved in this area.

The slow adaptation to new technologies and the lack of clear regulatory framework conditions make it difficult for European companies to be successful in global competition. In addition, investors and companies in Europe cannot often expect the same support and risk to risk, as can be found in countries with more advanced crypto ecosystems.

In order to increase competitiveness, a revision of regulatory approaches and greater promotion of financial innovations is required. This is the only way to keep Europe in the global crypto race and use the associated opportunities.