The Gibraltar Minister for Commerce, Albert Isola, has urged the DC Fintech Week panel to ”collectively strive towards fintech excellence” while sharing his views on regulatory competition in the blockchain industry. The inclusion of a well-known pro-blockchain speaker on the mainstream panel discussion is a promising indicator for the future of the technology in the US, as Isola shared ideas of regulation surrounding the nascent industry.
Visiting upon invitation, Isola discussed his experiences and ideas regarding regulatory competition, including that relevant to his expertise in blockchain. The minister participated in a panel discussion at the second annual DC Fintech Week entitled ‘Making or Taking Innovation?, Regulatory Competition and the Race for Fintech Dominance’, with an audience comprising of academics, lawmakers, policymakers and regulators.
Isola said that his participation gave Gibraltar a chance to prove its ambitions on the global stage as a leader in shaping blockchain regulation, adding, ”As ever, Gibraltar continues to punch above its weight, and is fast becoming an assertive voice in an increasingly noisy space.”
The panel was joined by a number of experts from the fintech and cybersecurity sectors, including Peter Kerstens, Co-Chair of European Commission Fintech Taskforce, and Sharon Yang, Deputy Assistant Secretary for International Financial Markets at the US Treasury.
The Gibraltan minister frequently acts as a spokesman for the country’s progressive blockchain and cryptocurrency policies, participating in conferences globally to share the concepts that have fostered the industries internally. Gibraltar remains in competition with its fellow European nation of Malta to gain status as the most crypto-friendly country in the region.
The US Securities and Exchange Commission has been a critic of the cryptocurrency industry, with the US generally failing to be recognized as a hospitable nation for blockchain start-ups.
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