As regulations around cryptocurrencies and technology continue to
evolve, how should investors and businesses navigate the changing
landscape?
As with most early-stage technologies, there is often an influx of
bad actors looking to exploit regulatory gaps, so it is crucial for
investors and businesses to be extra vigilant. If you think you have
conducted enough due diligence, you probably haven’t; it needs to
become a recurring and frequent part of the business process. It’s
important to work closely with regulators to gain a deeper
understanding of their concerns and how we can educate them to
provide sufficient frameworks to integrate these technologies into
society effectively. Embracing the technology while ensuring
compliance is at the forefront is the key to its successful growth.
How do you think decentralized finance DeFi) will transform the global
economy in the coming years?
In the early days of DeFi, there was a misconception that
"transformation" meant replacing the current financial
infrastructure. However, at Metallicus, our thesis is that blockchain
and decentralized finance will empower and improve the global
economy. Blockchain has the ability to significantly reduce the
cost of transmitting money globally, empowering businesses of all
sizes to conduct their operations in a much more efficient way.
The convergence of traditional financial systems with great fraud
prevention tools like decentralized identity will also allow us to
lower the number of bad actors in the space, bringing increased
security and transparency in the way that money moves.
You can access the full newsletter here.