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CATEGORY: fmls


Nov 10, 2022 05:10

Hodling On? Reimagining Crypto Market Structure

<p class="MsoNormal">Finance Magnates London Summit (FMLS) will be here in less than two weeks. Billed as one of this fall’s can’t miss events, FMLS will be celebrating its ten-year anniversary, highlighted by its largest content stream to date.</p><p class="MsoNormal">FMLS22 will dive into a freshly expanded content track, including two full days of exhibitions, sessions, panels, and more. The event will cover a total of four verticals for the first time ever, focusing on the online trading, digital assets & blockchain, fintech, and the payments space.</p><p class="MsoNormal text-align-start">As a reminder, if you have not already done so, take advantage of competitive pricing and <a href="https://events.financemagnates.com/londonsummit2022/registration/passes" target="_blank">register for FMLS22 today</a>.</p><p>November 23 (12:20) Centre Stage – Hodling On? Reimagining Crypto Market Structure</p><p class="MsoNormal">Cryptocurrencies have been volatile since their creation, but the latest crashes thoroughly reshape their very machinery. Experts and industry leaders weigh in on the future of crypto near and far, and opportunities in CFDs trading.</p><p class="MsoNormal">Ian Taylor – Executive Director – Crypto UK </p><p class="MsoNormal">Nadejda Petrova – Head of Institutional Client Management – Nexo </p><p class="MsoNormal">Stephanie Ramezan – Head of UK – Gemini </p><p class="MsoNormal">Lory Kehoe – Head of EMEA Market Operations – Coinbase </p><p class="MsoNormal">Diego Clerc – Institutional Manager – Binance</p><p class="MsoNormal">What impact will the downturn have on the trust levels of traders, and regulators?</p><p class="MsoNormal">Can CFDs brokers tap new clients, technology, and talent as a crisis fallout?</p><p>You will be speaking on the Hodling on? Reimagining Crypto Market Structure panel, what do you think will be the highlight of the discussion and why should the audience attend it?</p><h2> <p></p><p class="MsoNormal">Nadejda Petrova (Nexo) – The past few months have been some of the most dynamic times in the digital assets sector – so much happened so quickly that it’s hard to get one’s head around it just yet. </p><p class="MsoNormal">These events have seemingly created more questions than the answers they have delivered, but from regulation, through privacy and transparency to application and adoption, there literally isn’t a space in crypto that’s not booming with developments. </p><p class="MsoNormal">So from a personal and professional stance, I’d be interested in the talks on how crypto-native companies tackle the traditional finance space and what partnerships could be formed at the intersection of the two.</p><p class="MsoNormal">Stephanie Ramezan (Gemini) – Despite current suboptimal market conditions, companies in the space are building bigger and better products, services and infrastructure which will contribute to further growth of the sector. It will be great to hear from different types of institutions on how they're approaching this.</p><p class="MsoNormal">Diego Clerc (Binance) – I believe the highlight of the panel will be around how we come out as an industry in this latest turn of the markets ? , there will be a great range of different points of view on how industry leaders are tackling regulation and infrastructure in their own way.</p><p>What are you looking forward to the most at FMLS?</p><p></p><p></p><p class="MsoNormal">Nadejda Petrova (Nexo) – Networking is high on the priorities list, as the event attracts industry executives and thought leaders regularly. And being its 10th anniversary, this year’s FMLS22 could serve as a great vantage point for the entire industry as to what challenges do digital assets, fintech, and payments as sectors face together currently and what solutions could emerge and trickle down to form good practices.</p><p class="MsoNormal">Stephanie Ramezan (Gemini) – The intersection of Crypto Native and Traditional Regulated Financial Services Institutions coming together will demonstrate the incredible evolution of the crypto space over the past year.</p><p class="MsoNormal">Diego Clerc (Binance) – I look forward to meeting some industry colleagues and talking with those that are not yet into crypto, this is my passion and I would love to share it with the audience.</p><p>Tell us a bit about what you do/your company/who you are looking to network with?</p><p></p><p></p><p class="MsoNormal">Nadejda Petrova (Nexo) – As Head of Institutional Client Management, me and my team navigate Nexo and our products aimed at institutions and HNWIs. We offer our services to major financial institutions and also function as a beacon to showcase the myriad of financial needs and applications that digital assets can address and have.</p><p class="MsoNormal">It’s a consuming process to merge traditional finance with the innovation that blockchain technology is, still in its nascency today, but as crypto-adopters, we feel the future is on our side.</p><p class="MsoNormal">Stephanie Ramezan (Gemini) – Gemini is the regulated Crypto Exchange and Custodian founded by Cameron and Tyler WInkelvoss in 2014. I joined Gemini originally to lead Institutional Business Development and took over as Head of UK in August 2022. Looking to network with Family Offices, Asset Managers, Banks, Corporates, Market Makers, Funds, and anyone else looking to better understand Gemini's offering across exchange, custody, OTC.</p><p class="MsoNormal">Diego Clerc (Binance) – I started my career in FX and moved to crypto 4 years ago, I now work for the largest crypto ecosystem in the world, providing bespoke services to the biggest traders in the industry. </p><p class="MsoNormal">Check out the <a href="https://events.financemagnates.com/londonsummit2022/agenda" target="_blank">full agenda</a> today and join the conversation surrounding FMLS22! </p></h2> This article was written by Finance Magnates Staff at www.financemagnates.com.

Nov 10, 2022 12:25

MP Dr. Lisa Cameron to Speak at Finance Magnates London Summit 2022

<p class="MsoNormal">Finance Magnates Group, a leading multi-asset trading news, research, and events company, is poised to kick off its annual London Summit (FMLS) on November 21-23 at Old Billingsgate. Now in its 10th year, FMLS has secured a number of leading speakers including Dr. Lisa Cameron, a Member of Parliament, House of Commons.</p><p class="MsoNormal text-align-start">As a reminder, if you have not already done so, take advantage of the competitive pricing and <a href="https://events.financemagnates.com/londonsummit2022/registration/passes" target="_blank">register for FMLS22 today</a>. </p><p class="MsoNormal text-align-start">London Summit includes a greatly expanded content track as well as two full days of exhibitions, panels, parties, and more. Access the <a href="https://events.financemagnates.com/londonsummit2022/agenda" target="_blank">following link</a> to view the full agenda for FMLS. </p><p>Engage, Network, and Learn at FMLS22</p><p class="MsoNormal">Headlining the event’s robust agenda are several notable speakers, many of whom are already mainstays in the crypto and digital assets industry. This includes Dr. Cameron and many other crypto luminaries, executives, and confirmed speakers who will be available for engagement, networking, and informative insights.</p><p class="MsoNormal">Dr. Lisa Cameron was first elected as the Member of Parliament for East Kilbride, Strathaven & Lesmahagow in 2015. Lisa is the Chair of the All-Party Parliamentary Group on Cryptocurrency and Digital Assets and has been a member of the International Development Committee, Health & Social Care Committee and currently the Ecclesiastical Committee. </p><p class="MsoNormal">Lisa is the party spokesperson on Mental Health and also the chair of both the Psychology and Disability All Party Parliamentary Groups in Parliament. Prior to becoming a Member of Parliament, Lisa was a clinical psychologist and has over 15 years of experience in Clinical and Forensic Psychology.</p><p class="MsoNormal">“London Summit is celebrating its 10-year anniversary, and we are proud to bring you our most robust and diverse lineup of speakers to date. Covering every corner of multiple industry verticals, the event will be one to remember and is shaping up as a can’t miss opportunity this fall,” explained Jennie Lobanova, the VP Event Operations at Finance Magnates.</p><p class="MsoNormal text-align-start">To attend any of the sessions, panels, and debates from these and other speakers simply register through the <a href="https://events.financemagnates.com/londonsummit2022/registration/passes" target="_blank">following link</a> today.</p><p class="MsoNormal">Press enquiries:</p><p class="MsoNormal text-align-start"><a href="mailto:events@financemagnates.com" target="_blank">events@financemagnates.com</a></p> This article was written by Finance Magnates Staff at www.financemagnates.com.

Sep 06, 2022 05:05

Top Crypto Events This Fall – What to Expect

<p class="MsoNormal">The cryptocurrency space continues to see several developments and new phenomena in 2022. This includes the advent and adoption of Web3, new innovations in blockchain protocols, NFTs, the rise of the Metaverse and many others. With so much buzz and potential garnered from these trends, the hype for the industry has never been higher, underscoring the importance of crypto & blockchain events.</p><p class="MsoNormal">While recent years have seen no shortages of innovation and leaps across the crypto and blockchain space, 2022 may certainly go down as one of the biggest. At the vanguard of this evolution have been several leading global events, each of which has represented a meeting of the brightest minds and luminaries in the industry.</p><p class="MsoNormal">The digital assets vertical itself has exploded as of late, with topics like the Metaverse, DAOs, DeFi, NFTs, Web3 and more becoming the talk of the industry. Where things go from here is anyone’s guess, but you can start with several marquee events this fall.</p><p class="MsoNormal text-align-start">Why You Need to Attend Crypto & Blockchain Events</p><p class="MsoNormal">2022 has featured several leading crypto events with the biggest arguably still to come this fall. These events serve a multitude of functions, allowing attendees to improve their marketing and networking in one centralized location. The world’s biggest talent gathering in one locale can create a unique environment where truly anything can happen.</p><p class="MsoNormal text-align-start">Are you looking to establish new partnerships, catch up on the latest technologies, network, or simply get your brand out there, attending large-scale <a href="https://www.financemagnates.com/cryptocurrency/best-crypto-events-in-2022/" target="_blank">crypto and blockchain summits</a> offer unparalleled opportunities. </p><p class="MsoNormal">Leading crypto events present some of the biggest opportunities of the calendar year, allowing for the ability to learn, meet and engage with leading executives and thought leaders. Perhaps most importantly, attendees of these events are afforded real-time engagement with investors, crypto and blockchain pioneers, developers and all sorts of industry players.</p><p class="MsoNormal text-align-start">Best Crypto and Blockchain Events in Fall 2022</p><p class="MsoNormal">September is already here, which means it’s time to set your agenda for all the leading crypto and blockchain industry events this fall. There are several noteworthy events happening over the next few months where the brightest minds from across the industry will be meeting to discuss the future of crypto, Web3, blockchain and much more.</p><ul type="disc"><li class="MsoNormal"><a href="https://www.eventbrite.com/e/metaweek-dubai-2022-tickets-305349357147" target="_blank">Metaweek Dubai </a>– September 12-13, 2022</li><li class="MsoNormal"><a href="https://nftshoweurope.com/tickets/">NFT Show Europe</a> – September 17-18, 2022</li><li class="MsoNormal"><a href="https://istanbulblockchainweek.com/" target="_blank">IstanBlock: Istanbul Blockchain Week</a> – November 14-17, 2022</li><li class="MsoNormal"><a href="https://events.financemagnates.com/londonsummit2022/registration/passes" target="_blank">The London Summit FMLS </a>– November 21-23, 2022</li><li class="MsoNormal"><a href="https://blockchain-expo.com/global/global-registration/" target="_blank">Blockchain Expo 2022 London</a> – December 1-2, 2022</li></ul><p class="MsoNormal">Each of these events is shaping up as the next big gathering for the crypto and blockchain industry. This fall’s biggest topics will undoubtedly be the chatter surrounding Web3 blockchain protocols, DeFi, NFTs and where the Metaverse goes from here and in 2023.</p><p class="MsoNormal text-align-start">FMLS 2022 – Celebration of Crypto and Fintech</p><p class="MsoNormal">One of the largest of these events this fall is Finance Magnates London Summit (FMLS), now in its tenth year. FMLS22 will be expanding its verticals to focus extensively on both the crypto and fintech spaces, including the latest buzz and innovations that are defining each.</p><p class="MsoNormal">This includes an extra day of sessions, panels, workshops and seminars, addressing the most relevant and important developments and revelations across the crypto industry.</p><p class="MsoNormal">Each of these curated stages is poised to deliver cutting-edge and insightful content that is specifically selected to bring attendees the most valuable and important discussions and perspectives. </p><p class="text-align-start"><a href="https://events.financemagnates.com/londonsummit2022/" target="_blank">Join the conversation today by exploring London Summit 2022</a></p><p class="text-align-start">Registration Now Open for FMLS22</p><p class="MsoNormal text-align-start">Signing up for FMLS22 is now open and easier than ever, with our dedicated staff ready to assist you every step of the way. To register for the event, simply access the <a href="https://events.financemagnates.com/londonsummit2022/registration/passes" target="_blank">following link</a> and fill in some basic details. Having trouble? Simply open a chat and get everything sorted out ASAP.</p><p class="MsoNormal">Attendees registering for the event qualify for the Early Bird special for a limited time only until September 15. Depending on what pass you select for the event, the Early Bird special grants FREE attendance to FMLS22 for qualified attendees.</p><p class="MsoNormal text-align-start">Don’t wait, sign up today for the biggest crypto event this fall!</p> This article was written by Finance Magnates Staff at www.financemagnates.com.

Aug 11, 2022 12:25

Best Cryptocurrency Networking Events in UK

<p class="MsoNormal">As the cryptocurrency industry continues to evolve, many cities are vying for the status of the next hub for digital assets. To date, London has emerged as one of the leading options, with an impressive resume of marquee cryptocurrency and networking events, blockchain investment, and innovation.</p><p class="MsoNormal">London being one of the most important financial centers globally is nothing new. However, with the rise of crypto and other digital assets, proponents and investors have gravitated towards the UK capitol.</p><p class="MsoNormal text-align-start">As recently as April 2022, the UK’s Chancellor of the Exchequer, Rishi Sunak <a href="https://www.gov.uk/government/news/government-sets-out-plan-to-make-uk-a-global-cryptoasset-technology-hub" target="_blank">stated</a>, “It’s my ambition to make the UK a global hub for cryptoasset technology, and the measures we’ve outlined today will help to ensure firms can invest, innovate and scale up in this country.”</p><p class="MsoNormal text-align-start">London as a Cryptocurrency Networking Hub </p><p class="MsoNormal text-align-start">Indeed, each year sees a wide range of <a href="https://www.financemagnates.com/cryptocurrency/best-crypto-events-in-2022/" target="_blank">leading cryptocurrency networking events</a> take place in the city center. Since the industry’s inception, these crypto events have grown in frequency, scale, and depth, coinciding with the evolution of digital assets.</p><p class="MsoNormal">With so much dynamic change and innovation over the past decade, staying ahead of the competition has never been easy. This is where these blockchain events have played a major role, helping bring together the entire crypto community to network, discuss, and do business.</p><p class="MsoNormal">This is especially true in 2022, with the cryptocurrency space shaping up as one of the most innovative sectors in recent memory, with these events outlining the latest buzz. This includes such developments as the Metaverse, DeFi, NFTs, blockchain, and much more.</p><p class="MsoNormal text-align-start">Why Attend Cryptocurrency Networking Events</p><p class="MsoNormal">Whether you are a cryptocurrency company, exchange, founder, CEO, thought leader, innovator, or simply a crypto enthusiast, attending cryptocurrency events has never been better than in 2022. </p><p class="MsoNormal">With so much talent in London, many of the industry’s top cryptocurrency events each year serve a wide range of functions, allowing attendees to dramatically improve their marketing in one location </p><p class="MsoNormal">Whether you are looking to establish new partnerships, network, strike new business deals, or just get your brand out there, attending leading crypto networking events in the UK offers unrivaled opportunities. </p><p class="MsoNormal">The ability to learn, meet, and engage with leading executives, thought leaders, and the individuals who make this industry work should not be missed. Attendees of these events never fail to garner real-time engagement with investors, crypto and blockchain pioneers, developers, and all sorts of industry players. </p><p class="MsoNormal">Interested in hearing leading cryptocurrency luminaries and personnel speak? These marquee events represent ground zero for in-depth sessions, panel discussions, debates, workshops, and more. </p><p class="MsoNormal">In an industry that changes this rapidly, missing these cryptocurrency networking events or worse, hearing about the latest developments second-hand is not a viable approach to business. </p><p class="MsoNormal text-align-start">Best Cryptocurrency Networking Events This Fall</p><p class="MsoNormal">Looking for the best crypto events this year? It is important to stay at the vanguard of innovation in crypto, which has always necessitated a hands-on approach. Though its only July, the crypto industry has several notable events coming to London this fall. </p><p class="MsoNormal">This includes multiple top crypto events, where the brightest minds from across the industry will be meeting to discuss its future. </p><ul><li>London Summit FMLS – November 21-23, 2022</li><li>Blockchain Expo 2022 London – December 1-2, 2022</li></ul><p class="MsoNormal">Celebrating crypto's adoption in finance, both as traded assets and transformative technology, the upcoming conferences in London will be the perfect environment for cryptocurrency networking.</p><p class="MsoNormal text-align-start">FMLS 2022 – Save the Date</p><p class="MsoNormal text-align-start">With a decade of experience in hosting large industry-leading events, <a href="https://events.financemagnates.com/londonsummit2022/" target="_blank">London Summit 2022</a> (FMLS) will look to take the summit to the next level on November 21-23. After hosting the event for ten years now, this year’s FMLS will include something special, constituting an extra day of sessions, panels, workshops, and seminars.</p><p class="text-align-start"><a href="https://events.financemagnates.com/londonsummit2022/" target="_blank">Join the conversation today by exploring London Summit 2022</a></p><p class="MsoNormal">These under the latest developments and revelations across the crypto industry, focusing on the biggest topics from around the space as well the future trajectory of the industry.</p><p class="MsoNormal">Each specially curated stage is poised to deliver cutting-edge and insightful content that is specifically selected to bring attendees the most valuable and important discussions and perspective. FMLS 2022 is also expected to build on its already record attendance, eying an estimated 3,500+ attendees, 130+ speakers and 150+ exhibitors from around the world this year. </p><p class="MsoNormal">FMLS attendees can expect to network and learn from leading companies and key decision makers in the blockchain and digital assets space, each of whom are integral to the future of the industry.</p><p class="MsoNormal">FMLS has always included some of the biggest names in the crypto industry since its inception. Not surprisingly, after growing in scope and traction in each successive year, FMLS now boasts one of the strongest attendances of any crypto event in London. This includes upwards of a third of attendees that are C-Level executives and thought leaders. </p><p class="MsoNormal">Over the years FMLS has truly evolved into a unique atmosphere where anything can happen, and business is defined. Stay tuned for all updates surrounding the FMLS22 agenda, with its strong focus on cryptocurrency and blockchain technology. </p><p class="MsoNormal text-align-start">FMLS Awards to Recognize Crypto’s Finest</p><p class="MsoNormal">FMLS concludes each year with its awards annual awards show that recognizes the best performing brands and industry participants across the cryptocurrency industry. FMLS22 will include the largest awards show yet, with more awards categories than ever before.</p><p class="MsoNormal">Does your brand have what it takes to win an FMLS22 award? Multiple award categories will be set to acknowledge which crypto brands were the most impactful, innovative, important, and well-run.</p><p class="MsoNormal">The extensive voting process begins months in advance, which will showcase a wide range of brands in a way that is truly unique in the industry. This is due to the fact that FMLS awards are awarded only by your industry peers, which rank the best and the most promising companies.</p><p class="MsoNormal">In years past, voting was broken down into multiple stages and rounds. However, FMLS22's awards will feature only one round of voting, making the stakes higher than ever before. Don't forget to register later this month and cast your vote when voting formally begins soon!</p><p class="MsoNormal">Don’t miss the chance later this year to nominate your brand and be in the running to win one of the most sought-after industry titles. The online voting process is designed to provide the entire industry with a voice in deciding the winners each year, without the interference of judges or third parties.</p><p class="MsoNormal">Explore the list of <a href="https://events.financemagnates.com/londonsummit2021/awards/winners" target="_blank">distinguished winners</a> over the past few years, showcasing the leading brands that have racked up the <a href="https://www.financemagnates.com/forex/brokers/winners-of-the-london-summit-2019-awards-just-announced/" target="_blank">prestigious honors</a> at past FMLS events.</p> This article was written by Finance Magnates Staff at www.financemagnates.com.

Feb 01, 2024 04:21

Crypto and NFTs Are "Male Dominated Industry": Strategies for Effective Marketing

The rise ininterest in digital assets has led to a significant increase in cryptosponsorships aimed at enhancing and nurturing brand loyalty among cryptoenthusiasts. These strategic alliances boost visibility and build trust in thisever-changing sector.

The paneltitled "Beyond Traditional: Crypto Sponsorships & NFT Integration"during November's Finance Magnates London Summit (FMLS23) explored thegrowing trend of crypto sponsorships and NFT integration, offering insightsinto the dynamically evolving world of digital assets.

Moderatedby Stefania Barbaglio, the CEO of Cassiopeia Services, the panel featuredSoledad Contreras, the Director of Partnerships at CoinDesk, and Bruno Almeida,the CMO at IOVLabs.

Crypto Is a "Male Dominated" Demographic

Contrerashighlighted the rapid development in crypto marketing, emphasizing the need forinnovative approaches to leverage technology and reach potential users. Inaddition, she emphasized the importance of identifying the target audience.

"Thekey for any brand is to be able to identify the audience and where thataudience lives, which type of content they consume, which type of events theylike to go to," Contreras explained.

She pointedout that crypto tends to appeal to a "very male dominated"demographic interested in things like "Formula One, football and Americanfootball." Contreras argued that sponsoring related events can provide"great visibility" and "good recognition" for crypto brandslooking to get their names out there.

Power of Community-DriveMarketing

Herco-panelist, Almeida from IOV Labs, elaborated on various sponsorshipstrategies, differentiating between sponsoring sports teams, influencers, eventsand venues. The goal is always "brand recognition," he said, but thespecifics depend on whether a company want to tap into an existing audiencebase or associate your brand with a popular personality.

Accordingto Almeida, decentralized, community-driven marketing can also be very powerful."If you do something to upset your core community, they will challenge youback, so you have to keep engaging with them on an ongoing basis to keep themhappy," Almeida added.

NFTs Will Bring Crypto toMainstream

When the discussionturned to NFT integration, Contreras shared how CoinDesk leveraged NFTtechnology for virtual ticketing at their flagship event. Attendees could"purchase their consensus pass as an NFT" and access various perks byproving ownership on-chain. She believes mass adoption in crypto will arrivewhen mainstream brands like "Coca-Cola or, McDonald's or Pepsi" startoffering "loyalty programs that have an NFT component."

Almeidaconcurred, suggesting that NFTs can transform customer loyalty initiatives ifused creatively to provide exclusive experiences. Contreras also highlightedtheir potential to combat counterfeits and verify ownership of physical goodslike luxury watches.

Crypto Marketing Is Still Growing

Thepanelists expressed optimism about the future of marketing in the cryptoindustry while acknowledging there is still much progress to be made. As Contrerasstated: "it's a tough gig for Web3 marketers trying to deal with the new technology."She elaborated that the sector is constantly changing, and marketers mustcontend with regulatory uncertainty on top of an unfamiliar technologicallandscape.

However, the CoinDeskrepresentative believes crypto marketing has a bright future. "Ithink it's all happening and it's not going anywhere. I promise." Herco-panelist Bruno Almeida concurred, suggesting there are many creativeapplications of blockchain technology still to be explored in areas likeloyalty programs, collectibles, and more.

In summary,the panelists agreed that crypto marketing is still in its early stages butholds great promise as the technology matures. As Contreras put it, "Thebest Web 3 marketers are still training because we haven't had them before.This is such a new sector." Marketers would do well to continue educatingthemselves and experimenting with new applications of these groundbreakingtechnologies.

This article was written by Damian Chmiel at www.financemagnates.com.

Feb 01, 2024 03:44

Bridging TradFi and Crypto: “Compliance and Regulations Concerns for Large Institutions”

At the Finance Magnates London Summit 2023, industry leaders convened for a pivotal discussion on “Bridging TradFi and Crypto: Work in Process”, shedding light on the complexities and opportunities inherent in integrating these two distinct spheres. Moderated by Chen Arad, the COO at Solidus Labs, the panel delved deep into the challenges, regulatory concerns, and transformative potential of cryptocurrencies within traditional financial frameworks.

The panel, comprising Cassandra Cox, the Director of Institutional Sales at LMAX Digital; Gareth Hughes, the Head of Exchange at Zodia Markets; and John Salmon, the Partner and Head of Digital Assets and Blockchain Practice at Hogan Lovells International, provided nuanced insights drawing from their extensive experience in both traditional and crypto financial spheres.

Navigating the Convergence: Crypto Assets and Traditional Finance

Cox emphasized the similarities between crypto-assets and traditional asset classes, stressing the importance of providing clients with alpha-generating opportunities while navigating complexities in onboarding and custody solutions.

Cox remarked: "Crypto, akin to traditional asset classes, offers a return structure, providing alpha sources and trading opportunities to clients. The initial conversation mirrors that of other asset classes. While certain aspects of crypto may complicate onboarding and the initial journey, the industry has diligently developed tools that can be swiftly deployed."

Hughes highlighted the critical decisions surrounding custody solutions and market access, underscoring the importance of reputable service providers and understanding the nuances of crypto trading venues.

"The way individuals perceive the crypto industry is inevitably influenced by their background, not just geographically, but from a market perspective. Those with a forex background often liken it to a currency pair, while those with equities experience see it differently.” Hughes commented.

Crypto isn't entirely distinct; there are many similarities with the FX and equities worlds, such as listed futures. Typically, people start by considering where to custody their crypto, a question you should address personally, whether you prefer owning your own wallets or hosting your infrastructure."

Salmon echoed their sentiments, emphasizing the dynamic regulatory environment as a primary challenge for institutions considering entry into the crypto space.

Salmon stated: "The constantly shifting regulatory landscape and the variations across different jurisdictions pose challenges. At large institutions, there's an appetite for digital assets broadly, although there's also apprehension. They're concerned about compliance, regulations, and legal implications."

Stablecoins: Bridging Borders amidst Credibility Concerns

The discussion then explored the realm of decentralized finance (DeFi) and its implications for traditional financial institutions and regulators. Hughes expressed the difficulty in navigating the DeFi space due to regulatory concerns, emphasizing the importance of understanding and adhering to KYC/AML regulations.

Cox highlighted the potential of DeFi as part of the technology solution for bringing tokenized assets into trading environments, while Salmon underscored the challenges in defining DeFi accurately and the importance of regulatory clarity.

Stablecoins emerged as a pivotal growth area, particularly in facilitating cross-border transfers of value. While acknowledging stablecoins' potential to revolutionize global financial operations, panelists also highlighted credibility challenges facing the cryptocurrency industry, citing instances of scandals involving major players, like FTX and Binance. Regulatory clarity was deemed essential to enhance investor confidence and mitigate risks associated with illicit activities and market manipulation.

Institutional Adoption and Regulatory Clarity in Cryptocurrencies

The discussion underscored the critical role of policymakers and regulators in establishing a conducive environment for cryptocurrency development. Concerns were raised regarding the US's regulatory approach, with skepticism expressed about the Chairman's (Gary Gensler) purported anti-crypto sentiments and the fragmented regulatory landscape.

Come and meet our teen at Finance Magnets London. We are here to help bridging the gap between Finance and #blockchain #crypto #web3 #fintech #fmls:23 pic.twitter.com/8uCySmI2b4

— Semoto (@Semoto_io) November 22, 2023

In contrast, European and Asian jurisdictions were praised for clearer regulatory frameworks and proactive approaches to fostering innovation while ensuring consumer protection.

Notably, the approval process for spot Bitcoin exchange-traded funds (ETFs) in the US, was discussed, with panelists predicting increased institutional adoption of cryptocurrencies in the coming year. They stressed the need for responsible governance and compliance as the industry matures and gains wider acceptance.

While regulatory challenges persist, there is optimism for progress and mainstream acceptance of cryptocurrencies. The panelists emphasized the importance of clear regulatory guidance, collaborative efforts between industry stakeholders and regulators, and the ongoing dialogue to navigate the evolving landscape effectively.

Participate in Our Fraud Survey: Your Opinion Matters!

We invite you to participate in our joint survey conducted by FXStreet and Finance Magnates Group, which explores prevalent online financial fraud types, platforms used for fraudulent activities, effectiveness of countermeasures, and challenges faced by companies in tackling such fraud. Your valuable insights will help inform future strategies and resource allocation in combating financial fraud.

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This article was written by Tareq Sikder at www.financemagnates.com.

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