- Global digital asset regulation is rapidly advancing as
national leaders race to enable digital monies, commodities, and
assets.
- Most geographies have drafted, approved, and in some cases
fully implemented pro innovation regulation.
- Europe, Asia, and the Middle
East regulatory frameworks are providing clarity for
innovators and government issued CBDCs are in active pilots in many
countries.
- US and Australian regulators have been slow to provide clarity
for innovators, having favored regulation by enforcement, an
increasingly untenable situation.
SAN
FRANCISCO, May 21, 2024 /PRNewswire/
-- Blockchain Coinvestors, a leading blockchain venture
fund-of-funds and co-investment program with a combined portfolio
of more than 1000 blockchain enterprises and projects, including
more than 80 blockchain unicorns, today unveiled its bi-annual
Digital Asset Regulation Report which tracks the
state of digital asset regulatory progress among the world's top 25
financial centers.
Driven by increasing consumer demand for the benefits afforded
by blockchain technology of faster, cheaper, and easier access to
commerce solutions, leading financial centers are rapidly
implementing regulatory frameworks for the future of digital
finance.
"The world's financial capitals are now firmly focused on
upgrading to digital finance with the consequent requirement to
provide pro innovation digital money, commodity, and asset
legislation," said Matthew Le Merle,
Managing Partner of Blockchain Coinvestors. "You will not be a
global financial center of the future if you are not a global
digital finance leader."
Blockchain regulation is advancing rapidly in Europe, Asia,
and the Middle East:
Europe's MiCAR framework is now in place; the UK and
Switzerland have provided broad
regulatory frameworks; both Hong
Kong and Singapore have
announced plans to be global centers for the industry; and in the
Middle East, Dubai's VARA regulatory body represents
an advanced crypto regulatory framework. Central Bank
digital currencies (CBDC's) are also rapidly progressing abroad,
including many live pilot programs. As a result, the value creation
of web3 is proving to be a more global phenomenon than web1 or
web2, which were dominated by the US, enabled by early pro
innovation legislative leadership in the 1990's.
With US presidential elections on the horizon in November, we
are now seeing the emergence of a more organized pro digital asset
movement. The Republican presidential candidate and many members of
the existing Democrat administration are now firmly supportive of
the underlying technology. As such, the report anticipates digital
asset regulation will be a key US electoral issue for the first
time this year, especially amongst politicians looking to attract
the votes of digital natives.
"Voter demographics is driving a rapid reassessment of the need
for US politicians to also embrace this emerging technology," said
Alison Davis, Managing Partner of
Blockchain Coinvestors. "Digital finance is required to power
the ways in which the next generation wishes to conduct their
commerce. They represent almost 50% of the US electorate and are
highly in favor of digital finance."
Blockchain Coinvestors assesses a variety of factors in
determining the world's top 25 financial centers, both qualitative
and quantitative, such as market capitalization and liquidity,
population, GDP per capita, corporate activity, role in
international trade, and others. To track regulatory progress, we
continually review a variety of public sources and gather
information from our regular conversations with industry leaders,
policy makers, and government officials. We also track key
legislative agenda items and notable litigation.
The Blockchain Coinvestors Digital Asset Regulation Report
is available at www.blockchaincoinvestors.com/regulation
About Blockchain Coinvestors
Blockchain Coinvestors is the best way to invest in blockchain
businesses. Our vision is that digital monies, commodities, and
assets are inevitable and all of the world's financial
infrastructure must be upgraded. Our mission is to provide broad
coverage of early stage blockchain investments and access to
emerging blockchain unicorns. Blockchain Coinvestors' investment
strategies are now in their 10th year and are backed by 400+
investors globally. To date we have invested in 40+ pure play
blockchain venture capital funds in the Americas, Asia, and Europe and in a combined portfolio of 1000+
blockchain companies and projects including 80+ blockchain
unicorns. Blockchain Coinvestors' first fund of funds ranks in the
top decile amongst all funds in its category on both Pitchbook and
Preqin. Headquartered in San
Francisco with a presence in London, New
York, Grand Cayman, Zug and
Zurich, the alternative investment
management firm was co-founded by Alison
Davis and Matthew Le
Merle.
Visit us at www.blockchaincoinvestors.com
Media Contact
Armel
Leslie
RFB | Peaks Strategies
armel.leslie@rfbinder.com
View original
content:https://www.prnewswire.com/news-releases/blockchain-coinvestors-bi-annual-digital-asset-regulation-report-worlds-top-25-financial-centers-rapidly-embracing-digital-finance-302151394.html
SOURCE Blockchain Coinvestors Management LP