China Block and Tucked Assets: Lack of Supervisory Frameworks

It is necessary to establish regulatory frameworks and integrated standards internationally to facilitate the trade of the blockchain assets on the blockchain bed. The lack of such an approach prevents the adoption and application of this new technology in the field of securities and financial assets.

According to the report, according to the report, produced by the Axlar Foundation and the Metrika Digital Asset Risk Assessment Company with the participation of leading financial institutions such as CityBank, Deutsche Bank, MasterCard and Northrin Trust. This technology is also the foundation of many digital currencies.

The potential benefits of the traded asset trade include increased speed and efficiency of transactions, reduced costs and improved transparency in the trading process. However, the lack of coordinated laws and standards globally has created challenges for the transmission of assets between different blockchain.

Industry experts have acknowledged the progress in the field of assets and limited welcoming of the technology at an event held in Amsterdam this week. Georgius Velkhos, a founder of Axlar Company, pointed out that different jurisdictions are at different speeds, saying: “Given the variety of customer requirements and laws and regulations around the world, it is difficult to achieve a single and static solution.”

The report also emphasizes the importance of developing industry approaches to assessing the risks related to the trading assets. However, actors in the field warn that the formulation of early and unnecessary standards can prevent the innovation and development of more efficient solutions in the future.

In this regard, the Northraren Trust Financial Institute has predicted that by year 3, the company’s digital asset market volume will increase to between $ 5 % and $ 5 from $ 5 trillion it holds. This indicates the significant potential of this area and the need to create appropriate infrastructure to take advantage of this opportunity.

Given the above, the necessity of cooperation between financial regulatory agencies, financial institutions and blockchain industry actors in formulating regulatory frameworks and integrated standards for the trade -free assets is increasingly revealed. This can accelerate the adoption and expansion of the technology and, as a result, promote efficiency and transparency in global financial markets.