Expert predicts future regulation of crypto exchanges by 2025, with opinion divided on parity with traditional finance
A recent report published by Finder.com, which surveyed 56 experts in the fintech and crypto industry, found that 87 percent believe exchanges need to disclose proof-of-reserve audits and liability records. Experts point out that not all standard regulations for crypto exchanges will be in place until 2025 or 2030, while 76 percent of panelists believe crypto trading platforms will be regulated in the same way as traditional finance and 17 percent by 2024. There is enough hope to be had. 22% predict deregulation by 2025, while 35% expect the process to happen by 2030, a long way off. Going further, Tommy Honan, head of strategy at SWIFT X, said that any exchange that needs to be done with the program must have proof of store and liability and to operate in a necessary and important way between people. is required. The head of strategy then says that with 87% of the panellists, the exchange needs to provide records of liabilities and proof of reserves. He further adds that the exchanges need to provide assistance to the users in the latest product.
About 15% of Finder’s panel, which also included Nicole DeCicco, CEO of Crypto Consultancies, believes that crypto exchanges should not and should not be regulated in the same way as traditional financial institutions. However, DeCicco predicts that by 2024 crypto standard rules will be established across the industry. DeCicco says in his statement that it is important that we warn investors about the risks as well as inform those involved that this is how we warn those involved in the industry. The executive added that “At Cryptoconsultz, we provide our clients with storage in their bank accounts and at the same time teach them how to think about self-custody and how centralized it is like money. how to withdraw exchange from atm And I can keep it in my pocket. Nearly 42 percent of Finder experts believe subscriber numbers will continue to decline after a number of other problems facing the industry in addition to FTX. 84% of the panelists add that the industry will survive the November 2022 explosion and 42.31% predict that more and more crypto trading platforms will go bankrupt due to loss of customers and more than 15% think that Assuming that in 5 years it will be 26.92 within a year. If we don’t count on all kinds of statistics, we can always say that half of Finder’s panelists have a straight-forward view that such an event will not happen.