Hatu is the co-founder and chief strategy officer of DAO Maker, which creates growth technology and funding frameworks for startups while simultaneously mitigating risk for investors.
“2021 has been a stop-start year for crypto and DeFi, as regulatory bodies have not clarified their stance on the industry. This has deterred the retail population from joining, and is a huge opportunity cost for the industry. However, with El Salvador adopting bitcoin as legal tender and more countries adopting crypto, the future looks bright.
In 2021, yes, there have been many discussions at various levels regarding crypto and its regulatory status. Governments and regulatory authorities around the world have raised objections against the mainstreaming of crypto. However, they also feel that the industry is maturing and is currently too large to ban completely.
I believe that blockchain technology should be nowhere near the regulatory scheme of things, as the technology and its applications eliminate the need for oversight. They bring much needed aspects like transparency and decentralization to the forefront. Regulating blockchain technology will adversely affect our development as a society.
Also, in 2022, I expect more acceptance on the regulatory front as crypto aims to revolutionize the worldwide financial system with DeFi. Crypto forensics is on the rise, and I expect it to be adopted by governments to protect their citizens.
Regulations are necessary for crypto in 2022, but restrictions are not. & rdquo;