What's Next for Digital Assets in 2024? | European Blockchain Convention 9

Wed, Oct 2, 2024, 12:00 AM

In this panel discussion, the speakers, Caner Sevinch from Wirex and Dotun Rominiyi from the London Stock Exchange, explore the challenges and milestones anticipated in the regulatory landscape for digital assets in 2024. They discuss the growing importance of robust regulations globally, emphasizing the role of regulations in building trust within the industry. Both speakers highlight regulatory developments in various jurisdictions, including the UK and the US, and stress the significance of compliance for establishing trust. The conversation shifts to the integration of digital assets into traditional financial institutions. Dotun explains how the London Stock Exchange is exploring the use of blockchain and digital assets to enhance operational efficiency, especially in the realm of private assets. Meanwhile, Camer discusses Wirex's history as a crypto-native firm, focusing on providing payment services and exploring new applications like decentralized finance (DeFi) to cater to a broader range of users. The discussion delves into the challenges faced by institutions adopting blockchain technology, emphasizing the need for education and determining the right areas to innovate. Dotun shares insights into his experience leading initiatives in a traditional business and the importance of understanding where the organization can make the most impact. The conversation concludes with a look into future innovations and challenges. Dotun addresses the challenges of scalability, privacy, and the unpredictability of gas costs in public blockchain networks, emphasizing the need for a pragmatic approach to managing these risks. Caner expresses Wirex's interest in new DeFi payment cases and maintaining an edge by offering unique product portfolios that cater to a wide range of users.Finally, the speakers touch on the topic of Central Bank Digital Currencies (CBDCs), highlighting the divided views on their viability and efficacy, particularly in the retail and wholesale sectors. The panel provides valuable insights into the evolving landscape of digital assets, regulatory developments, and the integration of blockchain technology into traditional financial institutions. --------- Speakers: Jorge Schnura | Unlockd (moderator) Caner Sevinc | Wirex Dotun Rominiyi | LSE --------- The European Blockchain Convention is the most influential blockchain event in Europe. Follow us to find out more 👇 Linkedin: https://www.linkedin.com/company/european-blockchain-convention/ Twitter: https://twitter.com/EBlockchainCon Instagram: https://www.instagram.com/eblockchainconvention/