Regulators and the Crypto World — Principled Discord Pt. 9

In the latest episode of Principled Discord, our host Thierry Arys Ruiz is interviewing Richard Olsen; CEO & founder of Lykke, the Swiss-based fintech firm, blockchain exchange, and financial product provider. Lykke’s mission is to build a new ecosystem for the outdated finance industry through the power of blockchain and new technologies to upgrade, support, and transform financial markets.

Since we are at a point in which there is a natural transition from technologies that were wholly centralized into one that is decentralized. There are several questions that arise such as: whether or not decentralization can co-exist with efficiency …Our host Thierry Arys Ruiz, asked these questions, and more that led to interesting discussions with Mr. Olsen.

Two main things are important to Mr. Olsen in terms of moving forward technologically are “the ability to transfer assets at any time” & “access to your funds”. The blockchain is allowing Lykke to do so at a much faster pace than with the use of old technologies.

Regulation is being considered worldwide in regards to cryptocurrencies and the capacity at which they operate. Switzerland has been a breeding ground for crypto regulation, Heinz Tännler, the President of the Swiss Blockchain Federation thinks that this time next year, “Switzerland will have a regulatory framework that is among the most advanced in the world “.

Crypto regulations by country