A recent two-day summit in the blockchain and virtual assets industry featured some of the biggest names in the field. Pioneers such as Sandeep Nailwal, Co-Founder of Polygon Labs; Dominic Williams, Founder and Chief Scientist of DFINITY Foundation; Sunny Lu, Co-Founder and CEO of Vechain; Mohammad Alblooshi, Head of Innovation Hub and Fintech Hive at DIFC; and Alex Ziner, Global Head of Ledger Enterprises were among the speakers at the summit.The most anticipated topic of discussion during the summit was the regulatory landscape of virtual assets. A panel consisting of Erwin Voloder, Senior Policy Fellow at European Blockchain Association; Jason Allegrante, Chief Legal and Compliance Officer at Fireblocks; Saqr Ereiqat, Co-Founder and Managing Director at Crypto Oasis; and moderated by Dr. Sid Ahmed Benraouane, Dubai Government Advisor had a lively discussion about the positive long-term impact of new regulatory frameworks being developed in technology hubs like Dubai that are designed specifically for Web3.
The panelists discussed the need for regulation to bring stability and security to the virtual assets market. They emphasized that regulation can ensure consumer protection, create a transparent and fair market for all participants, and establish a level playing field for businesses operating in the virtual assets space. Erwin Voloder pointed out the importance of developing regulatory frameworks that can help establish a level playing field for businesses operating in the virtual assets space.
Jason Allegrante highlighted that the lack of clear regulations has led to confusion and uncertainty, making it difficult for companies to make informed decisions. The panelists agreed that regulation is necessary but needs to be flexible enough to allow for innovation and growth in the industry. Saqr Ereiqat spoke about the need for regulatory frameworks to be developed with the future in mind, emphasizing that regulations must be adaptable enough to keep up with the pace of technological change.The discussion ended on a positive note, with the panelists agreeing that regulatory frameworks being developed in technology hubs like Dubai will have a positive long-term impact on the virtual assets market. The panelists emphasized that these frameworks will help establish a level playing field for businesses, ensure consumer protection, and foster innovation and growth in the industry.
In conclusion, the two-day summit brought together industry pioneers to discuss the regulatory landscape of virtual assets. The panelists highlighted the need for clear and concise regulations that can provide a framework for businesses to operate within. They also emphasized the importance of regulations being flexible enough to allow for innovation and growth in the industry. The panelists agreed that regulatory frameworks being developed in technology hubs like Dubai will have a positive long-term impact on the virtual assets market.
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