Cryptocurrency regulation has come a long way over the course of the last several years. What was once a ‘Wild West’ is now largely moving toward ‘lawful good’: a space that is held to high regulatory standards across the globe.
However, while regulations are certainly more abundant than they used to be in crypto, there is still a lot of regulatory evolution that needs to take place in order for innovation to continue to progress. In large countries like the United States, this process is slow and often primarily benefits larger players.
However, in smaller jurisdictions, regulators have the means to make regulatory changes more quickly; they can allow greater levels of flexibility to entrepreneurs and innovators; they can figure out which regulatory structures work, and which do not, more quickly.
Recently, Finance Magnates spoke with Denis Pitcher, the Bermudian government’s Chief Fintech Advisor, about the future of fintech regulation in Bermuda and beyond.
Read more: https://www.financemagnates.com/cryptocurrency/news/on-fintech-regulation-cbdcs-a-chat-with-bermudas-chief-fintech-advisor/