Hatu is Co-Founder and Chief Strategy Officer of DAO Maker, which creates growth technologies and financing frameworks for startups while reducing risks for investors.
& ldquo; 2021 has been a breakout year for cryptocurrencies and DeFi, as regulatory bodies have not clarified their stance on the industry. This has prevented the retail population from getting involved, and this is a huge opportunity cost for the industry. However, with El Salvador adopting Bitcoin as legal tender and more countries adopting cryptocurrencies, the future looks brighter.
In 2021, yes, there have been multiple deliberations at various levels regarding cryptocurrencies and their regulatory status. Governments and regulatory authorities around the world have expressed reservations against the integration of cryptocurrencies. However, they also realize that the industry is maturing and is currently too big for a blanket ban to be imposed.
I believe that blockchain technology should not be close to the regulatory scheme of things, as the technology and its applications replace the need for supervision. They bring much-needed aspects like transparency and decentralization to the forefront. The regulation of blockchain technology will only negatively affect our evolution as a society.
Other than this, in 2022, I look forward to greater acceptance on the regulatory front as crypto aims to revolutionize the financial system around the world with DeFi. Forensic cryptography is on the rise and I hope governments adopt it to protect their citizens.
Regulations are necessary for cryptocurrencies in 2022, but restrictions are not. & Rdquo;