Will decentralized exchanges soon replace centralized ones?

April 5, 2022:

Will decentralized exchanges (DEX) replace centralized exchanges (CEX)? This question was also a topic of discussion at the Crypto Asset Conference. In general, the experts invited were skeptical about replacing centralized exchanges with decentralized upstarts. Although DEXs have the potential to integrate financially weak regions into the financial system, the trading platforms are currently still too insecure. In addition, institutional investors are deterred by the lack of a regulatory framework for decentralized exchanges. Harald Patt from the Stuttgart Stock Exchange also saw no clear trend towards Uniswap and Co. among retail investors on his trading platform: “Our customers want fees, KYC and AML policies. We are not on-ramp for DEX. Retail customers don’t care if the service is on a DEX or CEX as long as their use case is covered.”

April 4, 2022:

The MiCA regulation recently made headlines in the European crypto space. The EU Parliament almost banned Bitcoin. The drama behind it can be read in the new issue of the BTC-ECHO magazine. Although the ban was averted at the last second, some experts are not satisfied with the attempt at regulation. This is how Magnus Jones, Tax Technologist at EY, got excited about MiCA on the sidelines of the Crypto Asset Conference. He said:

“MiCA is trying to regulate the crypto market of 2017. For example, regulators and governments are trying hard to force DeFi and NFTs into this outdated legal corset.”

April 4, 2022:

NFTs experienced a real hype in the past year. For some, however, the possible applications of digital proof of ownership are not yet fully apparent. NFTs are also a hotly debated topic at the Crypto Asset Conference. In a panel discussion, moderated by BTC-ECHO editor-in-chief Sven Wagenknecht, renowned experts spoke about the actual use case of non-fungible tokens. Above all, they are status symbols for the digital world around the Metaverse, according to the consensus among the discussion participants. Stefan Schmitt from Blockdaemon also saw possible applications in the areas of gaming, art and music. The technology could be particularly worthwhile in ticketing.

April 4, 2022:

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.

April 4, 2022:

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.