STEVE MORGAN , GLOBAL INDUSTRY PRINCIPAL , BANKING , PEGASYSTEMS

Of course , the regulatory landscape for cryptocurrencies and digital assets remains fragmented and evolving .

Different jurisdictions have taken vastly different approaches , ranging from outright bans to embracing crypto as legal tender . This lack of consistency creates significant challenges for businesses operating in the space and potential risks for consumers .

Ivo Gueorguiev advocates for a straightforward approach to crypto regulation : “ A robust crypto regulation is simple – follow the same regulation governing fiat providers .

“ As crypto serves as both a means of transaction and a store of value , treating it similarly to traditional currencies would create a level playing field and foster innovation while mitigating risks .”

This approach could provide muchneeded clarity and consistency in the crypto space .