“BaFin is getting tired of the pace of crypto”
In addition to the developments in the crypto sector, regulation is also an omnipresent topic at the Crypto Asset Conference. Regulators around the world are currently trying to give Bitcoin and Co. a legal framework. For some experts, however, this process is not fast enough. This is what Phillip Sandner from the Frankfurt School of Finance and Management criticized in one panel discussion the pace of BaFin. The German financial regulator is “tired of the speed of crypto”.
Christoph Kreiterling, Senior Adviser at BaFin, was relaxed. It is “normal” for a financial regulator to lag behind market developments. In addition, the versatility in the crypto space poses a problem for the regulator, since “various token models” have to be included in the evaluations.
The Crypto Asset Conference is open
The Crypto Asset Conference (CAC) 2022 is officially open. At 9 a.m. the fourth edition of the industrial fair on the campus of the Frankfurt School of Finance & Management. First, Bradley Duke, Co-CEO of ETC-Group, provides an overview of how crypto assets have transformed the financial sector. In general, the topics covered at the conference are wide-ranging. From Bitcoin to decentralized finance (DeFi) to NFTs, Metaverse and CBDCs, everything is included. In the next three days, renowned crypto experts will answer the most important questions. What about the adoption of cryptocurrencies among retail and institutional investors? What regulations can crypto space expect in the future? BTC-ECHO Live reports on these and other topics from the CAC.
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