Crypto Regulation vs Regulated Crypto
Asimov’s two laws of regulation
- A human must not harm another human, or by inaction allow another human to come to harm.
- A human shall avoid actions or situations that could cause it to come to harm itself.
Crypto regulation, is in my opinion, simply infeasible. As public blockchains have no domain, they should be guided by Maritime law. Without geopolitical dominion no one can lay claim to these lands.
Regulated crypto, however, is very feasible. A company issuing and managing a cryptocurrency, could apply for the required licenses (if they existed) in their territory. An exchange operating in a jurisdiction, could apply for an operating license (if it existed). A country wishing to regulate crypto interactions, can launch their own National Blockchain.
Instead of trying to fight regulatory bodies because of crypto regulation, we should be trying to engage and educate on regulated crypto. What should a token issuance license look like? What should an exchange’s activities be expanded to?
Myself and cohorts have launched multiple entities; the mission is simple, provide, advise, and strategize on regulated crypto access. Or phrased alternatively, how to onboard institutional entities in a language they understand without forcing them to incur technical debt.
The core focus;
- PCI & DSS HSM compliant Custody solutions
- Risk, Credit, & Desirability reporting & compliance
- Multi currency payment channels & infrastructure
- Clearing house & Stock exchange tokenization portals
- Senior Secured Floating Rate Corporate Defi Bonds
- Crypto ETF’s and Mutual Funds
- National Blockchains
If you are interested in being involved in or advancing any of the above, please reach out to me at andre@wethink.com