Cryptocurrency
Can the Crypto Industry Keep Up With Regulations?
By Seedly  •  July 27, 2022
We are in a… Crypto winter. Source: Giphy Cryptocurrencies have suffered a massive blow by contagion from the collapse of the algorithmic stablecoin terraUSD, the liquidation of hedge fund Three Arrows Capital and the Celsius Crypto Crash. With billions of dollars lost, undoubtedly, there’re calls for regulations and greater transparency from the crypto industry. Having attended the Singapore Blockchain Week 2022, we’ve gotten some sensing and learnings on what to expect in the near future. Specifically, Singapore (or the Monetary Authority of Singapore), will work toward regulating this space. Let’s see what the experts have shared! Cryptocurrency or Blockchain Regulations Need To Be Updated, Harmonised and Consistent The current cryptocurrency landscape is one that lacks consistency in regulations, and most panellists have echoed similar sentiments. “One of the problem areas is there is no consistency in regulating crypto by regulators. In Singapore, it’s regulated as Digital Payment Tokens, in Indonesia it’s regulated as...
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By Seedly
Launched in 2016, Seedly helps users make smarter financial decisions with its budgeting app which allows its 40,000 users to sync up their financial accounts and better manage their cash-flow. Last year, we introduced a new community feature which allows users to crowdsource knowledge from peers before making a financial decision.
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