Cryptocurrencies vs. regulations: Which side will this coin fall

ambcrypto.com:

Shaun Tham, Legal Director of ChainUp shared his insights on the digital market during the Blockchain Fest 2022 this week. He acknowledged that businesses are being exposed to difficulties in this evolving environment. However, the exec remains certain that regulations look set to be in motion in the near future.

At the Blockchain Fest 2022, the future of digital asset regulations was discussed by Shaun Tham. He believes regulations are just around the corner and may be implemented soon. He also stated,

“The World Economic Forum noted in 2021 that to-date, there has been no internationally coordinated regulation of blockchain and cryptocurrencies. Moving forward, increased regulatory oversight is inevitable, and a uniform global framework should be the starting point for any meaningful attempt at regulating the industry in a practical, sustainable and enforceable manner.”

The regulatory headwinds are gaining full-force around the world. Some instances that have occurred in the recent past further highlight why the enforcement of regulations on digital assets is imminent, starting with Senator Cynthia Lummis’s latest tweet.