Andre Cronje: 'regulated crypto' more feasible than ‘crypto regulations’

Quick Take

  • Andre Cronje says regulated crypto access is much better than trying to enforce crypto regulations.
  • The DeFi developer says countries can create national blockchains to oversee crypto activities.

Prominent DeFi developer Andre Cronje has called for the emergence of what he termed "regulated crypto," where cryptocurrency businesses are licensed to operate under a national blockchain framework, over more heavy handed "crypto regulation."

Writing in his blog today, Cronje called regulated crypto a more feasible approach than trying to police the industry by way of cryptocurrency regulation.

Regulated crypto will involve crypto businesses applying for the required licenses in the countries in which they operate, Cronje argued. Countries looking to regulate their respective cryptocurrency industries can launch what he called “national blockchains.”

“Instead of trying to fight regulatory bodies because of crypto regulation, we should be trying to engage and educate on regulated crypto. What should a token issuance license look like? What should an exchange’s activities be expanded to?” Cronje added.

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