CRYPTO
While more comprehensive regulations may offer a framework from which greater crypto trust can flourish , Field noted the importance of striking the right balance between such regulations and crypto idealism .
“ Either an authority curbs reckless behaviour and cavalier attitudes to others and ends up with some kind of regulation , or the investors collectively have to find increasingly sophisticated ways to mitigate the cost of bad actors – combatting both more sophisticated fraud and betterdisguised consolidation of the market which create systemic risk ,” he says .
“ A happy medium needs to be found . Consolidation appears to be a natural force in the crypto markets and so some kind of authoritative vigilance over the largest actors is called for . At the same time collective , constructive criticism from the investor community is healthy and should be welcomed and not shouted down by partisans .”
Crypto : the case for widespread regulations While consolidation may be the way to appease all players in the sphere of crypto , the consensus of our contributors is that this will undoubtedly involve greater regulation .
124 December 2023