FameEX Hot Topics | World Blockchain Summit Set the Stage for a Decentralized Future with Ground-Breaking Insights and Collaborations

The recent 2-day summit that took place featured some of the biggest names in the blockchain and virtual assets industry. The summit included pioneers like Sandeep Nailwal, the Co-Founder of Polygon Labs; Dominic Williams, the Founder and Chief Scientist of DFINITY Foundation; Sunny Lu, the Co-Founder and CEO of Vechain; Mohammad Alblooshi, the Head of Innovation Hub and Fintech Hive at DIFC; and Alex Ziner, Global Head, Ledger Enterprises, among others.One of the most anticipated topics of discussion during the summit was the regulatory landscape of virtual assets. The panel, which included Erwin Voloder, Senior Policy Fellow at European Blockchain Association, Jason Allegrante, Chief Legal and Compliance Officer at Fireblocks, Saqr Ereiqat, Co-Founder & Managing Director at Crypto Oasis, and moderated by Dr. Sid Ahmed Benraouane, Dubai Government Advisor, had a lively discussion about the positive long-term impact of new regulatory frameworks being developed in technology hubs like Dubai that are designed specifically for Web3.

The panelists discussed the need for regulation to bring more stability and security to the virtual assets market. Erwin Voloder, who has been working on blockchain policy at the European level, emphasized the importance of developing regulatory frameworks that can help establish a level playing field for businesses operating in the virtual assets space. He pointed out that regulation can help ensure that consumer protection is maintained and that there is a transparent and fair market for all participants.Jason Allegrante from Fireblocks also emphasized the need for clear and concise regulations that can provide a framework for businesses to operate within. He pointed out that the lack of clear regulations has led to confusion and uncertainty, making it difficult for companies to make informed decisions. The panelists agreed that regulation is necessary, but it needs to be flexible enough to allow for innovation and growth in the industry.

Saqr Ereiqat from Crypto Oasis also spoke about the need for regulatory frameworks to be developed with the future in mind. He highlighted that the pace of technological change is rapid, and regulations must be adaptable enough to keep up. He emphasized that the focus should be on creating a regulatory environment that fosters innovation and supports the growth of the industry.The discussion ended on a positive note, with the panelists agreeing that regulatory frameworks being developed in technology hubs like Dubai will have a positive long-term impact on the virtual assets market. The panelists emphasized that these frameworks will help establish a level playing field for businesses, ensure consumer protection, and foster innovation and growth in the industry.In conclusion, the 2-day summit brought together some of the biggest names in the blockchain and virtual assets industry to discuss the regulatory landscape of virtual assets. The panelists discussed the need for clear and concise regulations that can provide a framework for businesses to operate within. They also emphasized the importance of regulations being flexible enough to allow for innovation and growth in the industry. The panelists agreed that regulatory frameworks being developed in technology hubs like Dubai will have a positive long-term impact on the virtual assets market.

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