您现在的位置是:Crypto needs to engage with regulators, Allianz chief economic adviser >>正文
Crypto needs to engage with regulators, Allianz chief economic adviser
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛3384人已围观
简介El-Erian is the chief economic adviser of Allianz and ex-CEO of PIMCORegulation will help crypto ste...
- El-Erian is the chief economic adviser of Allianz and ex-CEO of PIMCO
- Regulation will help crypto steer away from headwinds currently facing Big Tech firms Facebook, Google, and Amazon among others.
- Binance CEO Changpeng Zhao expounded on this same topic in an interview
Mohamed El-Erian, one of the world’s most respected economists, has said that the crypto industry cannot afford to make mistakes seen across Big Tech in its early years.
El-Erian, a chief economic adviser at Allianz, says the entry of institutional investors and continued mainstream adoption means crypto should more forthcoming when it comes to discussions with regulators on matters related to the burgeoning market.
“When I speak to people in the crypto industry, I say you have a responsibility not to repeat the mistake of Big Tech,” the economist said.
According to El-Erian, Big Tech’s main mistake as the industry boomed was a lack of engagement with regulators. He notes that the sector failed by not having “preemptive regulatory discussions,” even as several firms in the industry become systematically important.
The ex-PIMCO CEO says engaging regulators as early as this would help crypto companies avoid the same regulatory challenges as those currently beleaguering tech giants Facebook, Google, and Amazon
It’s a sentiment most recently espoused by Binance CEO Changpeng Zhao during an interview with CNBC.
On Monday, Changpeng told CNBC’s “Squawk Box” that the exchange was pushing for proper crypto regulation, noting that this would be “good” for the broader cryptocurrency industry.
Changpeng’s comments came at the same time as the crypto exchange’s announcement of “10 Fundamental Rights for Crypto Users” Binance believes will guide regulators in their engagements with the sector about how best to oversight the growing crypto market.
While Binance’s push could be borne out of its recent brush with regulators right across the globe, many observers and experts have increasingly noted that crypto may indeed benefit from proper regulation.
El-Erian believes crypto will be better off if it takes seriously concerns such as illicit payments, fraud and platform stability.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/74221.html
相关文章
Zilliqa (ZIL) is facing a possible 45% nosedive
Crypto needs to engage with regulators, Allianz chief economic adviserAfter hitting an all-time high at the start of April,Zilliqa (ZIL)has fallen sharply as investors co...
阅读更多
Dymension and Evmos Core Teams launch first IBC
Crypto needs to engage with regulators, Allianz chief economic adviserDymension is a blockchain startup building a network of easily deployable modular blockchains called...
阅读更多
BTC price dips below $32K as analysts suggest more downside coming
Crypto needs to engage with regulators, Allianz chief economic adviserBitcoin slipped below $32,000 on Monday and is dangerously close to breaking the $32.5k level amid a...
阅读更多
热门文章
- This spooky AI model will tell you the time of your death
- Meta ChatGPT: Meta developing an AI model more powerful than LLaMa 2
- China unveils drillship to harvest 'flammable ice' from oceanic depths
- XLM price prediction as Coinme integrates USDC on Stellar
- First autonomous pothole
- UK opens consultation on taxation of DeFi transactions
最新文章
Top analyst says ETH price could drop to $2,600
JVH acquires Web3 social intelligence platform NFT Inspect
Meta aims to impress with the Quest 3 mixed
New AI model uncovers how and why the human brain ages
Findora launches its Triple Masking ZK SDK to boost privacy and auditability for dApps
Here’s why Solana price just made a bullish breakout