How to establish a global cryptocurrency regulatory framework? Leading exchange founders explain at the Davos Forum

【Blockchain Rhythm】On January 22nd at the World Economic Forum in Davos, a founder of a leading exchange raised an interesting topic during the “New Financial Era” forum—the unified global framework for cryptocurrency regulation.

He pointed out a core pain point that is quite straightforward: different countries have different priorities, agendas, and considerations, which makes building a unified global regulatory body extremely difficult. But this guy has a pretty clear view—he believes that if a regulatory framework conducive to innovation can be established, it would be a huge benefit for the entire industry—eliminating the need for back-and-forth coordination between countries, and significantly improving participants’ work efficiency.

What’s even more interesting is his observation: the essence of cryptocurrencies is unified worldwide, with no regional differences or tribal systems. Since the asset properties are the same, there should be a set of universal best practices that apply globally. This guy is currently pondering what this framework would look like and is in discussions with various governments on how to collaborate and implement it.

It seems that balancing regulation and innovation remains a serious topic that industry insiders are thoughtfully considering.