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Hatu is the co-founder and chief strategy officer of DAO Maker, a company that creates growth technology and financing frameworks for startups while reducing investor risk.
“2021 is the beginning and ending year of encryption and DeFi, because regulators have not yet clarified their position on the industry. This hinders the participation of the retail crowd, which is a huge opportunity cost for the industry. However, with El Salvador adopting Bitcoin as legal tender and more countries adopting cryptocurrency, the future looks brighter.
In 2021, yes, there have been multiple deliberations on encryption and its regulatory status at all levels. Governments and regulatory agencies around the world have expressed reservations about the mainstreaming of cryptocurrencies. However, they are also aware that the industry is maturing and is currently too large to implement a comprehensive ban.
I believe that blockchain technology must be far behind the supervision plan of things, because the technology and its applications have replaced the need for supervision. They bring much-needed aspects such as transparency and decentralization to the forefront. Regulating blockchain technology will only adversely affect our development as a society.
In addition, I expect that by 2022, as cryptocurrencies aim to revolutionize the global financial system through DeFi, there will be more regulatory recognition. Encrypted forensics is on the rise, and I expect the government will adopt it to protect its citizens.
Cryptocurrencies in 2022 need to be regulated, but restrictions are not. “
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