Experts predict the future regulation of crypto exchanges by 2025, with shared opinion on the similarity with traditional finance-regulation
Experts predict the future regulation of crypto exchanges by 2025, with shared opinion on the similarity with traditional finance-regulation
according to the reports from Finder.com on Bitcoin and Ethereum forecasts, the product comparison page 56 specialists from the Fintech and cryptocurrency industry interviewed their thoughts for the future regulation of crypto exchanges. The experts predict that trading platforms are regulated for virtual currencies, but not before 2025 or 2030. If there are regulation, 76 % of the discussion participants from Finder expect that trading platforms are treated similar to traditional financial institutions.
87 % of Finder Findech and crypto experts believe that stock exchanges have to disclose audits to prove reserves
a recently published report from Finder.com, which 56 experts in the fintech- and cryptocurrency industry questioned, shows that 87 % believe that Evidence of reserve tests and liability documents must disclose. The specialists reveal that standard regulations for crypto bonds will not occur until 2025 or 2030.
While 76 % of the panelists believe that crypto trading platforms are regulated similar to traditional financial platforms, 17 % expect this to be done by 2024. 22 % predict regulation by 2025 and 35 % expect it to take place in 2030.
"Every remaining exchange must be completed with the program, the proof of reserves and liabilities should be a prerequisite and not negotiable so that people choose where to act," said Tommy Honan, Head of Strategy at Swyftx.
Together with 87 % of the discussion participants,Honan believes that the stock exchanges must present a recording of the liabilities and a reserve detection. "Excesses must continue to train their users in terms of self -custody and focus on new and innovative products that support this," added Honan.
split views on crypto regulation: 15 % of the Buck tradition, half believes that the industry will survive the storm
About 15 % of the Finder Panel, including Nicole Decicco, CEO of Cryptoconsultz, do not believe that crypto exchanges should be regulated in a similar way to traditional financial institutions. However, Decicco predicts that standard regulations will be enforced in the entire crypto industry by 2024.
"It is imperative, although we warn investors of the associated risks," said Decicco in an explanation. "At Cryptoconsultz, we teach our customers to consider cooling storage and self-custody solutions as their bank account and centralized exchange, similar to the money that could be pulled out of an ATM and walking around in our pockets," added the manager.
approximately 42 % of Finder experts believe that the number of customers for crypto exchanges will continue to decrease after several bankruptcies in the industry, including the FTX collapse. 84 % of the discussion participants emphasized that the cryptocurrency industry will survive the FTX implosion in November 2022.
42.31 % predict that more crypto trading platforms will go bankrupt due to customer losses, with more than 15 % assuming that this will be done in five years and 26.92 % within one year. However, exactly half of Finder's discussion participants believe that such an event will not occur.
You can view the entire prediction report to regulate the crypto exchange of Finder here .
What do you think of the predictions of the experts from Finder about the future of crypto borns? Do you agree to your views on regulation and the possible effects on the industry? Share your thoughts in the comments below.
Bedy verification : Shutterstock, Pixabay, Wikicommons
Kommentare (0)