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Sunday, July 6, 2025

With Crypto Regulation Imminent, How Should Industry Leaders Prepare? - Cryptonews

Stephen Stonberg, CEO of Bittrex Global, a crypto exchange.
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In the past few months in particular, one topic that has dominated the conversation within the crypto industry has been the onset of regulatory updates across multiple jurisdictions. From recent moves in France, to MiCA in the EU, to the US Congress and the Securities and Exchange Commission (SEC), to India and China, it may seem like every regulator is dashing to regulate this burgeoning industry. But from the industry's perspective, regulation has been slow-moving, misguided, and poorly thought out. Comprehensive regulation is essential; however, ill-informed regulations put forward by legislators with a low understanding of the industry itself will hamper innovation.
Looking at KYC (know your customer) as an example, in making the rules, regulators and industry professionals alike should realize one crucially overlooked aspect of this entire debate: it’s likely that KYC in crypto regulation will not be too...



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