Must-read in the Evening | Key Policy Elements for Cryptocurrency Assets

Important Policy Elements for Cryptocurrency Assets

1. Paradigm: Stablecoins Should Not be Regulated as Banks or Money Market Funds

Stablecoins provide an opportunity to upgrade and meaningfully expand digital payment systems in the digital age. However, despite ongoing technological advancements worldwide and the continuous customer demand in today’s digital economy, certain aspects of recent regulatory actions and current legislative proposals that force cryptographic payment tools into existing banking and securities frameworks would be a step backward. Read more

2. Multicoin Capital Co-Founder: Most Discussions on RWA are Misguided

There have been many discussions on RWA recently. I have found that most of the frameworks in these discussions are misguided. Like NFTs, RWA is a fairly horizontal term that refers to many different things. Read more

3. Is DeFi Dead? Little Did We Know the Wheels of Fate Had Already Begun Turning

Since the DeFi Summer of 2020, after years of development, although the entire track has become increasingly refined, giving rise to various infrastructures, the price performance of traditional DeFi blue-chip tokens such as UNI, LINK, AAVE, SNX has been extremely poor since reaching its peak in May 2021, seemingly unable to escape the embarrassing situation of gradually being forgotten by the market. This once again validates the industry’s concept of “out with the old, in with the new.” Read more

4. The Battle of Move: What Independent Innovations Do Aptos and Sui Bring?

Since the birth of Bitcoin, we have witnessed the “Layer 1 (L1) Wars,” which have driven the development of cutting-edge technologies to solve the blockchain trilemma. The demand for highly scalable solutions has always existed because no single solution can meet the industry’s needs while ensuring top-level security. This has led to the emergence of Sui and Aptos, which leverage the architecture of Facebook’s abandoned Diem and Novi projects. Read more

5. Key Elements of Effective Policies for Crypto Assets

Recently, the Executive Board of the International Monetary Fund (IMF) discussed a board paper on effective policies for crypto assets. This article presents a report from the IMF on the effectiveness of policies for crypto assets titled “Elements of Effective Policies for Crypto Assets.” The report summarizes nine key elements of an effective policy framework, through which policymakers can better mitigate the risks associated with crypto assets and harness the potential benefits of related technological innovations to help member countries establish a comprehensive, consistent, and coordinated framework for crypto assets. Read more

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