by Anndy Lian
Blockchain technology and cryptocurrencies have gained immense popularity in recent years, with the potential to revolutionize various industries. However, with new technology comes the need for regulation to ensure its safe and effective use. Blockchain Fest Singapore 2023 is a premier event that brings together industry experts, policymakers, investors, and entrepreneurs to discuss the latest developments in the blockchain and cryptocurrency industry.
The event promises to provide valuable insight into the industry's regulatory landscape, its challenges and opportunities, and the future of blockchain technology and cryptocurrencies. With a focus on the legal and regulatory frameworks that govern the industry, attendees can expect to gain a better understanding of the current state of regulations and how they impact industry growth.
The first panel of the event is โBlockchain and Cryptocurrency Laws and Regulations 2023โ. The panel shares valuable information on the regulatory landscape of the industry, its challenges and opportunities, and the future of blockchain technology and cryptocurrencies. With a focus on the legal and regulatory frameworks that govern the industry, attendees can expect to gain a better understanding of the current state of regulations and how they impact industry growth. The panel is moderated by Surya Sarella, BlockSol Media, CEO and with a panel of experts:
โ Anndy Lian, author of the best-selling book โNFT: From Zero to Heroโ
โ Chris Holland, His Majesty, Partner
โ Mike Chiam, Partner at PDLegal, Founding Member of ABA
โ Tuhu Nugraha, CEO of Indonesia Blockchain & Metaverse Center (IBMC)
โ Matthew Townsend, Partner, Reed Smith LLP
The panel moderator is Surya Sarela, CEO of Blog Soulmedia. Each speaker represents a crucial stakeholder, contributing to the debate from private, public and political perspectives. The panel discussion aims to answer the question: "Are countries or regulators around the world moving or heading towards banning or discouraging cryptocurrencies?"
Chris Holland, the partner at HM, began by highlighting the lack of uniformity in crypto regulations around the world. He emphasized the importance of having standard and consistent regulations to apply to the industry. However, tax laws are not the same globally, and similarly, crypto regulations will not be treated similarly around the world. Brazil is relatively hostile towards cryptocurrencies, while other countries like the United Arab Emirates, Singapore, and the United Kingdom have more encouraging crypto regulations, including allowing crypto transactions while trying to foster financial stability.
Bestselling author Anndy Lian added to the discussion by sharing her experience speaking with different regulators and governments since 2018. She realized that most regulators and governments are very open to cryptocurrencies, and only a few few are against cryptocurrencies. She added that big nations like India and many others are very receptive and open to cryptocurrencies.
Mike Chum, PD Law Partner and ABA Founding Member, added to the discussion by highlighting the importance of recognizing cryptocurrencies as a new asset class that requires new regulations. He believes that the current regulations need updating to make them suitable for cryptocurrencies.
Matthew Townsend, a partner at Reads Smith LLP, added to the discussion by emphasizing the need for clear regulations in the cryptocurrency industry. He believes that clear regulations would protect investors and facilitate worthwhile investments.
Tuhu Nugraha, Executive Director of the Indonesia Blockchain & Metaverse Center echoed the sentiments of many industry experts when he stressed the importance of understanding the regulatory framework for the blockchain and cryptocurrency industry. He highlighted that while innovation and growth are important, it is equally crucial to ensure that these developments are in line with existing laws and regulations.
Blockchain Fest Singapore 2023 offers an excellent platform for industry experts, entrepreneurs, investors, and policymakers to engage in fruitful discussions and exchange ideas on the latest developments in the blockchain and cryptocurrency industry. With the rapid growth of the industry, it has become increasingly important to have a clear understanding of the regulatory landscape to ensure that blockchain technology and cryptocurrencies can reach their full potential. The event promises to be an exciting opportunity for attendees to gain insight into the current regulatory framework, its challenges, and future industry trends. Featuring renowned speakers and industry leaders, the event is sure to provide valuable information and insights to all attendees, helping them stay ahead in this rapidly changing industry.
The author is an intergovernmental expert
