We attended Blockchain Festival Asia 2024 this month to get insights on the latest regulatory happenings within the crypto space. Here’s a recap on discussions around crypto regulations at the event.
Regulations and compliance were the order of the day at Blockchain Festival Asia 2024 this year. Taking place within the walls of the Marina Bay Sands Expo & Convention Centre, the event aimed to fostering dynamic engagement and discussion about the blockchain and cryptocurrency space with its lineup of panel experts.
Here’s a recap of the key discussion points and discussion that went down at the event.
Governance and Regulation In An Increasingly Decentralised World
Decentralisation is still the name of the game in the Web3 space, and cryptocurrencies have taken the spotlight again with the bullish uptick in the market. Moreover, Web3 projects that have hunkered down to build their products and community through the crypto winter are now seeing the fruits of their labour. Is it fair to say that centralised entities are fast becoming a thing of the past?
For the first panel at Blockchain Festival Asia 2024, the discussion saw Lim How Pin, Coinhako’sDeputy General Counsel, agreeing that centralised entities are still leading the crypto space currently. With more authorities taking the idea of crypto regulations seriously, centralised platforms present a tangible way for such authorities to meet and lay out solid regulation guidelines.
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