Pawel Kuskowski talks to Haydn Jones, the Global Lead for Crypto and Blockchain at Kroll.
The regulatory backdrop for the UK is that the Treasury Select Committee have said that crypto can be treated the same as gambling, while Europe has approved the MiCA regulations and the US have regulation by enforcement. Haydn shares that for blockchain to mature, there needs to be a real-time gross settlement function similar to how traditional finance is operating to reduce credit risk.
Aggregating data across different sources is also an important part of fighting risk in digital assets as well as implementing proper guard rails because money is an important pillar of society. Cross-border standards for digital asset technology also need to be agreed.