2 years ago
Tron DAO (TRX) laminitis and Huobi Global advisor Justin Sun said regulations are beneficial for the crypto industry. and added that a globally unified regularisation would complement the tone of blockchain successful an exclusive interview helium gave CNBC.
Sun explained that blockchain exertion emerged to acceptable a planetary modular for fiscal interactions, and truthful an planetary regulatory model would beryllium a bully acceptable for the crypto industry.
He stated:
“I judge a unified regularisation is besides bully for the industry, due to the fact that blockchain itself is focusing connected providing unified standards for planetary payments and settlements.
So that’s wherefore we are besides consenting to collaborate with governments to travel up with a unified blockchain standard.”
Asia to predominate adjacent bull run
Sun stressed that regulations would importantly payment users successful Asia, who request “certainty and security.”
According to Sun, the Asian markets “with a transparent and wide regulation” volition predominate the adjacent bull tally successful crypto successful 2023 and 2024. Sun said that wide regulatory frameworks supply afloat transparency into the industry, attracting high-net-worth individuals.
Finally, Sun concisely talked astir however Singapore and Hong Kong vie successful attracting Web3 companies into their lands. “They fundamentally play antithetic roles,” Sun said, arsenic Hong Kong launched Web3 sponsorships and Singapore tightened the rules to supply much security.
Hinting that the remainder of the satellite mightiness besides instrumentality immoderate steps to promote Web3 improvement wrong their borders, Sun said:
“I deliberation this [competition] volition besides hap betwixt the US authorities and different governments arsenic well.”
The station Justin Sun calls for unified crypto regulation appeared archetypal connected CryptoSlate.
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