Dan O'Prey, chief product officer of digital asset platform Bakkt, said at the Bitcoin 2023 conference that the international regulatory environment for cryptocurrencies is improving and that the company is eyeing retail expansion on the African continent. The overall lack of clarity on U.S. regulation of cryptocurrencies has been the most significant hurdle to Bitcoin adoption. the
Additionally, O’Prey praised MiCA, the EU’s recently adopted regulation for markets in cryptoassets, and O’Prey said that any kind of clarity is generally good. At least people know where they stand, know how they should operate, understand how to comply, and this enables businesses and institutions to participate in the space, and these regions that provide clear regulation for cryptocurrencies will receive a large inflow of talent, capital and jobs.
Additionally, O’Prey praised MiCA, the EU’s recently adopted regulation for markets in cryptoassets, and O’Prey said that any kind of clarity is generally good. At least people know where they stand, know how they should operate, understand how to comply, and this enables businesses and institutions to participate in the space, and these regions that provide clear regulation for cryptocurrencies will receive a large inflow of talent, capital and jobs.