Ngo-2023, imboni ye-crypto yabhekana nengqophamlando, enkulu
Iziphathimandla ezifana ne-EU ne-UK ziqinisa ukulawula kwazo
izinhlaka. U-Duncan Ash, iNhloko Yezamasu enkampanini yokuvikela i-blockchain
I-Coincover, ixoxe ngezinkambiso ezibalulekile okulindeleke ukuthi zilolonge ukulawulwa kwe-crypto
landscape ngo-2024 nokuthi izoba nomthelela kanjani ekuziphendukeleni kwemvelo kwe
imboni esikhathini eside.
"I-Crypto regulation" ngokwayo iyingxenye ye-oxymoron.
Nakuba yakhelwe phezu komgomo wokudluliswa kontanga kuya kontanga, imakethe inakho
kancane kancane isuke kumsuka wayo we-purist njengoba abalawuli befuna okukhulu
ukwengamela. Izifunda ezahlukene zihamba ngezigaba ezahlukene
wezinguquko. I-EU ihola phambili, idlulisa izimakethe zayo eziyingqophamlando ku-Crypto
Assets (I-MiCA) regulation last summer.
I-UK ithathe indlela enezigaba eziningi futhi isethwe
shicilela isimiso esisha sokulawula kulo nyaka kulandela isikhathi sokubonisana,
eyaphela ngoFebhruwari 2024. Inqubekelaphambili e-US ibihamba kancane kakhulu, lapho
the SEC has largely governed through enforcement action and is at loggerheads with the CFTC .
While it remains to be seen exactly what new
regulation may look like and how it will be enforced, it’s inevitable that the
future of crypto lies within far more regulated and supervised parameters. As industry players seek to navigate this transition
in 2024, here are three key trends set to play a central role in shaping the
regulatory landscape:
Traditional and decentralized finance are becoming more intertwined. The approval of the Bitcoin ETF in the US recently highlighted this. As the
gap narrows, we can expect increased hiring by crypto firms seeking financial
regulation experience to ensure they are ahead in compliance.
For instance, USDC issuer Circle appointed Heath
Tarbet, the CFTC’s Former Chairman, as the Chief Legal Officer last July to oversee its regulatory affairs. As regulators continue to ramp up market pressure,
crypto firms are likely to prioritize hiring individuals from traditional
finance (TradFi) and regulatory sectors to avoid fines and penalties resulting
from non-compliance with new requirements.
The aggressive stance taken by regulators against the
crypto market underscores the substantial risks involved. For instance, the SEC
issued an estimated $5 billion in penalties against crypto firms for a range of
offenses between October 2022 and September 2023 alone. This includes breaches of
AML regulations and offering unregistered securities.
Njengoba uzobona lapho okufushane kwe-SEC kwenziwa esidlangalaleni kusasa, bacela iJaji u-$2B wenhlawulo nezijeziso. 1/4 https://t.co/HM8dBbn7lp
- UStuart Alderoty (@s_alderoty) Mashi 25, 2024
To navigate these challenges, crypto companies will
increasingly seek expertise in TradFi and legal fields to ensure ukulandelwa
ngezidingo zokulawula ezithuthukayo.
Ubuchwepheshe Obusha Budinga Umthetho Omusha
Ukubambana ngencazelo ye-cryptocurrencies njengokuthi "izibambiso" noma "izimpahla" akusimeme futhi ngeke kusize ukwenza imakethe ye-crypto iphephe ngokuhamba kwesikhathi. Ukuze umthetho usebenze ngempumelelo ekukhuthazeni ikusasa elisimeme le-crypto, abalawuli kuzodingeka baqonde
ubunzima bemakethe ye-crypto futhi ufune impendulo eqinile emakethe
ababambiqhaza kunoma yiziphi iziphakamiso ezintsha.
Ngenkathi ama-cryptocurrencies wonke eyingxenye yeqembu elifanayo,
baziphatha ngendlela ehlukile. Lokhu kusho ukuthi ukulawula yonke i-ecosystem ngaphansi
uhlaka olulodwa luzodala kuphela ukungqubuzana phakathi
abalawuli kanye nabahlanganyeli bemakethe.
Ngokwesibonelo, Stablecoins and cryptocurrencies perform
imisebenzi ehlukene ngaphakathi kwe-crypto ecosystem futhi, ngakho-ke, idinga okuhlukile
izimiso zokulawula. Naphezu kokuba ethandwa kakhulu
imali ye-crypto ngekhephu yemakethe, i-Bitcoin ne-Ethereum inomehluko othile oyisisekelo. I
Okokugcina kunikeza inkundla ehlukaniselwe ukudalwa kanye nokusetshenziswa
izinkontileka ezihlakaniphile nezinhlelo zokusebenza ze-DeFi (dApps).
🆕 #EBA Uhlaka lokugcina lwaMazinga Okulawula Ezobuchwepheshe (RTS) ngaphansi #MiCAR 📜🔍
Lokhu kucacisa izidingo, izifanekiso nezinqubo zokusingatha izikhalazo ezitholwe abakhiphi bamathokheni ereferensi yempahla (ama-ART) 🗂️📝https://t.co/yT3pSGSowh pic.twitter.com/DvycTm2MqI
- I-EU Banking Authority - EBA 🇪🇺 (@EBA_News) Mashi 13, 2024
Yonke i-cryptocurrency ayidingi
umthethonqubo siqu. Kunalokho, noma yimiphi imithethonqubo emisha kufanele ihambisane nehlukile
izimfanelo zemakethe ye-crypto futhi kufanele bacabangele izimo zabo zokusebenzisa ezihlukahlukene.
Ukungaqiniseki Kwezokhetho kuya Esivinini Esinensayo Sokushintshwa Kwemithetho
U-2024 kuzoba unyaka omkhulu kunayo yonke emlandweni wokhetho,
njengoba amazwe akha ngaphezu kwama-60% womkhiqizo womnotho womhlaba ozobanjwa
ukhetho. Ngokhetho kuza ukungaqiniseki, futhi ngezikhathi
ukungaqiniseki, ijubane lanoma yiziphi izinguquko zokulawula noma zezomthetho liyancipha.
Thatha i-UK, isibonelo. UNdunankulu uSunak usekwenzile
ngokomlando positioned the country as “open to business” and has been a vocal
ummeli we-crypto kanye ne-blockchain. Uhulumeni wakhe ube ngemuva kwe-stablecoin enkulu
izinhlinzeko ezifana nalezo ezikuMthetho Wezinkonzo Zezezimali Nezimakethe, kodwa nge
amapholi aphakamisa ushintsho ku-Downing Street, abalawuli bangase bancamele ukulibambezela
ukushicilelwa kwanoma yiluphi uhlaka olusha kuze kube ngemva kokhetho lukazwelonke olulandelayo.
Uhulumeni wase-UK uhlela ukuthola imithetho emisha elawula ama-stablecoins kanye nezinsiza zokubeka izimpahla ze-crypto ezigunyazwe abenzi bomthetho ezinyangeni eziyisithupha ezizayo, kusho uNobhala Wezomnotho kuMgcinimafa u-Bim Afolami. https://t.co/W2v6NBbPwA
- Bloomberg (@ibhizinisi) February 19, 2024
I-US izithola isesimeni esifanayo. NgoJulayi, iNdlu
Ikomidi Lezinsizakalo Zezezimali liphasise umthethosivivinywa oyingqophamlando okuhloswe ngawo ukuthuthukisa a
uhlaka lokulawula lwe-crypto. Kodwa-ke, inqubekelaphambili yayo ngeCongress izo
kungenzeka kwehliswe njengoba ukugxila okwandayo kuphambukiselwa kumongameli
ukhetho.
Yini Next?
Ukulawulwa kuzoba amandla okwenza okuhle ku-crypto
imakethe, inikeza ukwethenjwa okukhulu, ukubeka izinto obala, nokuvikelwa kwabathengi.
Nokho, ngeke kube yi-panacea. Ukuqaliswa kwemithetho emisha nezinhlaka kuyinto a
inqubo ende engeke yenzeke ngesikhathi esisodwa “sokuqhuma okukhulu”. Ngenkathi u-2024 uzobona
lolu shintsho luyaqhubeka, akufanele silindele izinguquko ezinkulu.
Ngo-2023, imboni ye-crypto yabhekana nengqophamlando, enkulu
Iziphathimandla ezifana ne-EU ne-UK ziqinisa ukulawula kwazo
izinhlaka. U-Duncan Ash, iNhloko Yezamasu enkampanini yokuvikela i-blockchain
I-Coincover, ixoxe ngezinkambiso ezibalulekile okulindeleke ukuthi zilolonge ukulawulwa kwe-crypto
landscape ngo-2024 nokuthi izoba nomthelela kanjani ekuziphendukeleni kwemvelo kwe
imboni esikhathini eside.
"I-Crypto regulation" ngokwayo iyingxenye ye-oxymoron.
Nakuba yakhelwe phezu komgomo wokudluliswa kontanga kuya kontanga, imakethe inakho
kancane kancane isuke kumsuka wayo we-purist njengoba abalawuli befuna okukhulu
ukwengamela. Izifunda ezahlukene zihamba ngezigaba ezahlukene
wezinguquko. I-EU ihola phambili, idlulisa izimakethe zayo eziyingqophamlando ku-Crypto
Assets (I-MiCA) regulation last summer.
I-UK ithathe indlela enezigaba eziningi futhi isethwe
shicilela isimiso esisha sokulawula kulo nyaka kulandela isikhathi sokubonisana,
eyaphela ngoFebhruwari 2024. Inqubekelaphambili e-US ibihamba kancane kakhulu, lapho
the SEC has largely governed through enforcement action and is at loggerheads with the CFTC .
While it remains to be seen exactly what new
regulation may look like and how it will be enforced, it’s inevitable that the
future of crypto lies within far more regulated and supervised parameters. As industry players seek to navigate this transition
in 2024, here are three key trends set to play a central role in shaping the
regulatory landscape:
Traditional and decentralized finance are becoming more intertwined. The approval of the Bitcoin ETF in the US recently highlighted this. As the
gap narrows, we can expect increased hiring by crypto firms seeking financial
regulation experience to ensure they are ahead in compliance.
For instance, USDC issuer Circle appointed Heath
Tarbet, the CFTC’s Former Chairman, as the Chief Legal Officer last July to oversee its regulatory affairs. As regulators continue to ramp up market pressure,
crypto firms are likely to prioritize hiring individuals from traditional
finance (TradFi) and regulatory sectors to avoid fines and penalties resulting
from non-compliance with new requirements.
The aggressive stance taken by regulators against the
crypto market underscores the substantial risks involved. For instance, the SEC
issued an estimated $5 billion in penalties against crypto firms for a range of
offenses between October 2022 and September 2023 alone. This includes breaches of
AML regulations and offering unregistered securities.
Njengoba uzobona lapho okufushane kwe-SEC kwenziwa esidlangalaleni kusasa, bacela iJaji u-$2B wenhlawulo nezijeziso. 1/4 https://t.co/HM8dBbn7lp
- UStuart Alderoty (@s_alderoty) Mashi 25, 2024
To navigate these challenges, crypto companies will
increasingly seek expertise in TradFi and legal fields to ensure ukulandelwa
ngezidingo zokulawula ezithuthukayo.
Ubuchwepheshe Obusha Budinga Umthetho Omusha
Ukubambana ngencazelo ye-cryptocurrencies njengokuthi "izibambiso" noma "izimpahla" akusimeme futhi ngeke kusize ukwenza imakethe ye-crypto iphephe ngokuhamba kwesikhathi. Ukuze umthetho usebenze ngempumelelo ekukhuthazeni ikusasa elisimeme le-crypto, abalawuli kuzodingeka baqonde
ubunzima bemakethe ye-crypto futhi ufune impendulo eqinile emakethe
ababambiqhaza kunoma yiziphi iziphakamiso ezintsha.
Ngenkathi ama-cryptocurrencies wonke eyingxenye yeqembu elifanayo,
baziphatha ngendlela ehlukile. Lokhu kusho ukuthi ukulawula yonke i-ecosystem ngaphansi
uhlaka olulodwa luzodala kuphela ukungqubuzana phakathi
abalawuli kanye nabahlanganyeli bemakethe.
Ngokwesibonelo, Stablecoins and cryptocurrencies perform
imisebenzi ehlukene ngaphakathi kwe-crypto ecosystem futhi, ngakho-ke, idinga okuhlukile
izimiso zokulawula. Naphezu kokuba ethandwa kakhulu
imali ye-crypto ngekhephu yemakethe, i-Bitcoin ne-Ethereum inomehluko othile oyisisekelo. I
Okokugcina kunikeza inkundla ehlukaniselwe ukudalwa kanye nokusetshenziswa
izinkontileka ezihlakaniphile nezinhlelo zokusebenza ze-DeFi (dApps).
🆕 #EBA Uhlaka lokugcina lwaMazinga Okulawula Ezobuchwepheshe (RTS) ngaphansi #MiCAR 📜🔍
Lokhu kucacisa izidingo, izifanekiso nezinqubo zokusingatha izikhalazo ezitholwe abakhiphi bamathokheni ereferensi yempahla (ama-ART) 🗂️📝https://t.co/yT3pSGSowh pic.twitter.com/DvycTm2MqI
- I-EU Banking Authority - EBA 🇪🇺 (@EBA_News) Mashi 13, 2024
Yonke i-cryptocurrency ayidingi
umthethonqubo siqu. Kunalokho, noma yimiphi imithethonqubo emisha kufanele ihambisane nehlukile
izimfanelo zemakethe ye-crypto futhi kufanele bacabangele izimo zabo zokusebenzisa ezihlukahlukene.
Ukungaqiniseki Kwezokhetho kuya Esivinini Esinensayo Sokushintshwa Kwemithetho
U-2024 kuzoba unyaka omkhulu kunayo yonke emlandweni wokhetho,
njengoba amazwe akha ngaphezu kwama-60% womkhiqizo womnotho womhlaba ozobanjwa
ukhetho. Ngokhetho kuza ukungaqiniseki, futhi ngezikhathi
ukungaqiniseki, ijubane lanoma yiziphi izinguquko zokulawula noma zezomthetho liyancipha.
Thatha i-UK, isibonelo. UNdunankulu uSunak usekwenzile
ngokomlando positioned the country as “open to business” and has been a vocal
ummeli we-crypto kanye ne-blockchain. Uhulumeni wakhe ube ngemuva kwe-stablecoin enkulu
izinhlinzeko ezifana nalezo ezikuMthetho Wezinkonzo Zezezimali Nezimakethe, kodwa nge
amapholi aphakamisa ushintsho ku-Downing Street, abalawuli bangase bancamele ukulibambezela
ukushicilelwa kwanoma yiluphi uhlaka olusha kuze kube ngemva kokhetho lukazwelonke olulandelayo.
Uhulumeni wase-UK uhlela ukuthola imithetho emisha elawula ama-stablecoins kanye nezinsiza zokubeka izimpahla ze-crypto ezigunyazwe abenzi bomthetho ezinyangeni eziyisithupha ezizayo, kusho uNobhala Wezomnotho kuMgcinimafa u-Bim Afolami. https://t.co/W2v6NBbPwA
- Bloomberg (@ibhizinisi) February 19, 2024
I-US izithola isesimeni esifanayo. NgoJulayi, iNdlu
Ikomidi Lezinsizakalo Zezezimali liphasise umthethosivivinywa oyingqophamlando okuhloswe ngawo ukuthuthukisa a
uhlaka lokulawula lwe-crypto. Kodwa-ke, inqubekelaphambili yayo ngeCongress izo
kungenzeka kwehliswe njengoba ukugxila okwandayo kuphambukiselwa kumongameli
ukhetho.
Yini Next?
Ukulawulwa kuzoba amandla okwenza okuhle ku-crypto
imakethe, inikeza ukwethenjwa okukhulu, ukubeka izinto obala, nokuvikelwa kwabathengi.
Nokho, ngeke kube yi-panacea. Ukuqaliswa kwemithetho emisha nezinhlaka kuyinto a
inqubo ende engeke yenzeke ngesikhathi esisodwa “sokuqhuma okukhulu”. Ngenkathi u-2024 uzobona
lolu shintsho luyaqhubeka, akufanele silindele izinguquko ezinkulu.
- I-SEO Powered Content & PR Distribution. Khuliswa Namuhla.
- I-PlatoData.Network Vertical Generative Ai. Zinike Amandla. Finyelela Lapha.
- I-PlatoAiStream. I-Web3 Intelligence. Ulwazi Lukhulisiwe. Finyelela Lapha.
- I-PlatoESG. Ikhabhoni, I-CleanTech, Amandla, Environment, Ilanga, Ukuphathwa Kwemfucuza. Finyelela Lapha.
- I-PlatoHealth. I-Biotech kanye ne-Clinical Trials Intelligence. Finyelela Lapha.
- Source: https://www.financemagnates.com//cryptocurrency/regulatory-winds-of-change-crypto-industry-prepares-for-compliance-in-2024/
