Switch Up Accelerator 2024 Training Session Recap: Navigating Crypto Regulatory Landscape
In the third session of SwitchUp 2024, the audience heard from Ms. Erika Tang, the Head of Legal at Sky Vision Consulting, who shared her expert insights into the evolving crypto regulatory landscape. As the crypto industry continues to mature, the regulatory environment has become increasingly complex, requiring industry players to stay informed and adaptable.
Ms. Tang emphasized that understanding the regulatory framework is crucial for any entity operating within the crypto space. With governments worldwide taking varied approaches to crypto regulation, companies must ensure compliance with local laws while also preparing for potential changes. Ms. Tang highlighted the need for proactive engagement with regulators, stating that building relationships with regulatory bodies can help companies stay ahead of the curve and avoid potential pitfalls.
Looking ahead, Ms. Tang predicted several trends that could shape the future of crypto regulation. These include increased scrutiny of stablecoins, the potential for more stringent Know Your Customer (KYC) and Anti-Money Laundering (AML) requirements, and the growing importance of environmental, social, and governance (ESG) considerations in regulatory frameworks. She also noted that as decentralized finance (DeFi) continues to grow, regulators will likely focus more on this area, creating new challenges for companies operating in the DeFi space.
Ms. Tang concluded the session with practical advice for crypto entrepreneurs. She encouraged them to stay informed about regulatory changes, seek out experienced legal counsel, and prioritize compliance from the outset. She also highlighted the importance of flexibility, advising companies to build regulatory agility into their business models to ensure they can adapt quickly to new legal requirements.
The 3rd training session Switch Up 2024: Navigating Crypto Regulatory Landscape concluded with invaluable knowledge shared by Ms Erika Tang, equipping the audience with necessary information about regulatory in web3. It underscored the power of collaboration and knowledge sharing within the Web3 community.
Stay tuned for further updates on the next training session SwitchUp 2024: Tokenomics & Fundraising!
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About Vietnam Blockchain Association & Spores Network
Vietnam Blockchain Association: Vietnam Blockchain Association (VBA) is the first official organization approved by the Vietnamese Ministry of Home Affairs to be the hub for blockchain enthusiasts and foster the application of Blockchain technology in Vietnam. Their mission is to liaise with Government agencies to bid on a legal framework for the Blockchain industry, aligning with the nation’s plan to develop a digital economy.
Spores Network: Spores Network is the leading multi-chain launchpad for IDOs and INOs of up-and-coming high-quality web3 projects, in which users can seamlessly participate & support the project! Our mission is to promote the growth of Web3 communities by breaking the barriers between entrepreneurs, investors, and contributors, and forming a fair and open web3 builder network.
