Is the U.S. falling behind in blockchain and crypto innovation when they can easily be leading it? And, what countries have the biggest head start right now and are worth watching?
The all-star panelists of a webinar roundtable discussion sponsored by VanEck (OUNZ Get Report surrounding blockchain and crypto outline the top challenges facing cryptocurrency and blockchain.
The Regulatory Backdrop
One of the biggest risks to the wider adoption of the digital currency ecosystem is the regulatory backdrop.
“Historically, America has taken a ‘first do no harm’ type of approach to new technologies, which has meant that we have taken the leadership role simply by letting the market do its trick. That was true for the transistor, to the early days of the Internet, to the genomic revolution, which is changing how consumers utilize healthcare…and now we have this new network technology, which returns the Internet to its decentralized roots. In our opinion, it has positive implications for the GDP, consumer welfare, and the prices people pay for goods and services,” said Matthew Sigel, head of digital assets research for VanEck.
