Challenges in Building a Global Crypto Regulatory Framework
During a panel discussion at the World Economic Forum in Davos, Binance founder CZ highlighted that the varying policy priorities across countries continue to pose major challenges in establishing a unified global crypto regulatory framework.
CZ emphasized that the differing attitudes and regulatory focuses on cryptocurrencies among nations make international cooperation complex. Nevertheless, he remains optimistic about the formation of a global regulatory framework and mentioned that efforts are underway to explore the best ways to collaborate with various countries.
Promoting an Innovation-Friendly Regulatory Framework
CZ stated that he hopes to see a regulatory framework that balances security with innovation. He noted that regulators and businesses must work together to find the right equilibrium to support the healthy development of the crypto industry.
- Policy differences hinder global regulatory coordination
- A global framework must balance security and innovation
- Stronger collaboration between regulators and businesses is needed