Chairman added that there is a huge opportunity for institutional capital inflows in the crypto industry, which will only happen if there is a regulatory structure.
These comments are published at a time when the crypto industry is facing increasingly stringent global scrutiny, from Brazil to Australia to Tether’s well-documented legal dilemma in the United States.
However, some governments, such as Japan and the UAE, also seem to be keen on embracing encryption and Web3, viewing it as an opportunity for growth.
However, according to Behnam, the wave of regulation against cryptocurrencies may not be a bad thing. Non-bank crypto institutions thrive in regulation, they thrive in regulatory certainty and level playing field because they are the smartest, fastest and most resourceful, he said.
