Innovation and Regulation. East vs West - TOKEN2049 Singapore 2023
Explore the dynamic interplay between innovation and regulation in "Innovation and Regulation. East vs West - TOKEN2049 Singapore 2023." This insightful conference talk delves into the complex relationship between disruptive technologies, such as cryptocurrencies, and the regulatory frameworks of major global players.
The presenter addresses the challenges regulators face in adapting to innovations that exist outside traditional frameworks and explains how this leads to unexpected regulatory measures that can surprise industry participants. Using the concept of the "Innovator's Dilemma," the speaker sheds light on how nation-states like the United States act as incumbent giants—akin to Blockbuster or Walmart—compared to emerging pioneers like Amazon or Netflix in the financial sector.
Attendees are encouraged to consider the significant economic stakes involved, particularly with the U.S. financial industry representing trillions in GDP. The talk highlights disparities in regulatory openness between regions, with the U.S., UK, and China being least receptive, while nations like Dubai, Singapore, and Switzerland are identified as favorable environments for innovation. Additionally, the session explores why countries with rigid currency regimes, such as China and India, are less likely to adopt open-minded stances toward crypto ventures.
Join us for this thought-provoking discussion that offers a framework to better understand where and why some jurisdictions may offer a fairer landscape for cryptocurrency innovation. Remember to like, comment, and subscribe to stay updated with more insightful talks from TOKEN2049.
