Introduction to Institutional Engagement in Crypto
At BlockShow Asia 2019, the buzz wasn’t just about the latest cryptocurrency trends; institutional investors were making waves too! A panel discussion aptly titled “Unlocking Yield In Cryptocurrency Assets” centered on how to smooth the path for large financial entities to dive into the crypto landscape.
Key Conversations from the Panel
The panel featured heavyweights in the crypto world, including Jasper Lee from eToro, Justin Chow from Cumberland, Saharan Nair from CoinSwitch, and Ben Zhou from Bybit. Moderated by Nicholas Merten of DataDash, the discussion uncovered the nuances of institutional investment in cryptocurrencies.
What Do Institutions Want?
Justin Chow wasted no time getting to the heart of the matter. He stated, “Custody, liquidity, and regulations are the top three petitions from institutional investors jumping into crypto.” His sentiments struck a chord with other panelists, emphasizing that addressing these concerns is pivotal in attracting traditional finance to crypto.
The Challenge of Regulatory Frameworks
As the conversation deepened, the question arose: which countries are taking the lead in crypto adoption? Jasper Lee offered insights on geographic strategies, asserting, “Which country is better really depends on what kind of business you want to focus on.” This means that strategic decisions play a massive role in determining where institutions might place their bets.
Regional Focus: A Closer Look
Ben Zhou highlighted the regulatory environments of different nations, expressing his enthusiasm for the supportive demeanor of Singapore’s government. Zhou mentioned, “We are registered in the British Virgin Islands, and we are eager for clarity in the U.S. – a vital market we currently can’t engage with.” His perspective underscores the urgency of establishing a robust regulatory framework to attract institutional players.
Bridging User Needs with Regulatory Approaches
Another crucial takeaway from the discussion came courtesy of Saharan Nair, who articulated the need for regulations to mirror user expectations: “Regulations have to be designed for what the user wants and needs.” This statement serves as a reminder that when constructing legal frameworks, the end user’s experience must be a priority.
The Future: Institutional Interest is Rising
As the discussion wrapped up, it was clear that institutional investors are showing an increasing appetite for cryptocurrency investments. The road is not without its bumps, but as these speakers illustrated, understanding the landscape will be key for successful navigation.
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