Regulatory Chaos

Blockchain has been around since 2008, but it is now that it is becoming more regulated.

There are outspoken voices in some of the biggest crypto communities in the world saying that this will remove freedom, but what they omit, is that with more regulation comes more user safety.

This has been lacking in the blockchain world.

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With a lack of regulatory clarity, not enough business transparency, and dependency on a particular blockchain, true innovation becomes difficult to achieve.

We all remember the situation with FTX. Trust in blockchain was at an all-time low, even though it wasn’t the technology’s fault.

Problems with regulations are apparent with this technology, and companies that do not submit to it now might fall into legacy problems.

There is a reason why founders set themselves up in Bermuda, Seychelles, or Marshall Islands, and not in the more globally recognized jurisdictions like the U.S. or Switzerland. Some of them don’t even want to disclose what jurisdiction they adhere to.

Isn’t the idea behind blockchain decentralization openness and transparency - to make reliable services available to everyone, and not just a selected few?

It is not one thing that stops blockchain from evolving, but a combination of all three aspects. Only by addressing all of them, we’re able to unlock ideas that were previously left unexplored.