One of the main hurdles preventing mass adoption among the TradFi crowd is uncertainty around regulations. Many crypto services are already waiting on regulators for any indications of what legislation to adhere to, but the process is moving slowly. In the U.S., there are even questions about which regulator will oversee which crypto assets – and how stringently. “You see entrepreneurs in the space that have been here for several years, waiting for regulatory clarity and they’re struggling,” said Bruno Ramos de Sousa, head of global expansion at Hashdex, a crypto asset management platform.
Nasdaq Joins BlackRock as TradFi Defies the Bear Market and Embraces Crypto
