" class="no-js "lang="en-US"> Regulation will drive widespread crypto adoption in 2022
Thursday, May 23, 2024

Regulation will drive widespread crypto adoption in 2022

Blair Halliday, Head of UK at Gemini, comments:

“This year has proven to be a watershed moment for cryptocurrencies, which are increasingly being seen as a mainstream asset class by institutions and retail investors. Despite more widespread adoption, rules governing crypto are still in their infancy stage; in 2022, we expect that to change.

“Cryptoasset regulation will be a benefit for investors. While some are concerned it will stifle innovation, we believe that a safe and stable regulatory environment will do the opposite. New rules will provide the framework which gives a swathe of retail investors confidence to invest in crypto for the first time.

“Some crypto exchanges have robust consumer protections – from high levels of insurance to institutional grade custody – built in as standard. But a lack of rules makes it hard for new customers to distinguish the best from the rest. We believe regulation can raise standards for exchanges, giving investors more certainty about the safety of their assets while creating an environment that encourages innovation.

“Regulation can provide the structure that allows crypto firms to design the products and services that investors truly want. With appropriate safeguards and legislative backing, cryptoassets can increase their relevance further and secure mass adoption at scale.”

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