Europe remains fertile ground for the cryptocurrency ecosystem to flourish in comparison to harsher regulatory environments, according to prominent speakers at this year’s Blockchain Expo in Amsterdam.
Cointelegraph attended the convention held at the RAI conference center for the second year running, with the Blockchain Expo forming part of the larger Tech Expo event being hosted in the Netherlands.
The event has typically attracted prominent mainstream industry players from the financial world to showcase how blockchain technology is being leveraged to power innovative new products and solutions across a myriad of industries.
From finance, logistics, health care and marketing, blockchain technology and Web3 functionality continues to be a key area of growth for different industry players.
MiCA bodes well for institutional adoption
Regulatory matters remain front and center, as was evident in a fireside chat featuring Coinbase institutional sales co-head James Morek and Zodia Markets co-founder Nick Philpott.
Philpott, who established the institutional-grade cryptocurrency trading platform, described the European Union’s Markets in Crypto-Assets (MiCA) regulation as a progressive regulatory measure to guide the growth of the sector while protecting users.
“Institutions feel more comfortable knowing that there is a framework within which they can operate, which is at odds with what is happening in countries like America.”
Philpott’s reference to the United States’ regulatory landscape centered on the cloud of uncertainty that hangs over the cryptocurrency ecosystem. This has been primarily driven by the Securities and Exchange Commission’s separate enforcement actions against key industry players, including Coinbase, Ripple and Binance.US, for alleged securities violations.
Morek, who heads up Coinbase’s institutional sales in the EMEA and APAC regions, also highlighted the establishment of clear regulatory parameters across the EU and in the United Kingdom which have helped crypto-related firms continue to do business.
Off-the-record conversations also suggest that major players like Coinbase continue to attract interest from institutional clients looking to gain exposure or custody of certain cryptocurrencies outside of the U.S.
Click Here to Read the Full Original Article at Cointelegraph.com News…
