While the concept of cryptocurrencies and blockchain tech embodies innovation, utilization, future web 4.0 (and beyond) vision and digital economic transformation, the current volatility within the crypto market presents main challenge for mass growth and faster adoption beyond 1 billion active global users. Even though the DeFi world & crypto universe disagrees with and dislikes the regulators and government agencies, we also have to realize it will be impossible for the crypto universe to remain under radar and at the same time be an active part of the global economic system. Add in crypto market cap of $1 Trillion + with ever-growing opportunities and potential and you realize how much purchasing power it has. That’s why the government agencies will come in – they will try to collect on taxes and VAT.

The only possible solution to coexist is crypto and blockchain friendly regulations that is created together with the community. Such laws and regulations should facilitate the blockchain tech growth and start-up development, which benefits everyone. That’s why EU is moving fast with MICA Act, which is not the best package of law, but it’s workable and it can help crypto projects future growth within the EU borders. Overall, such Crypto & Blockchain-friendly regulations do offer some useful protections for all and do enhance its growth opportunities, crypto should become less volatile and such economic & market stability should provide more potential for crypto’s wider future adoption by the population and within the global financial markets.