Financial sector players spoke highly of cryptocurrencies at the 2023 World Economic Forum. Among the speakers on the matter is Klaas Knot, the president of the Dutch Central Bank. The latter was particularly interested in the places in the world where crypto bad actors often find refuge. Here’s what was said about these jurisdictions.
Singapore, London and Dubai: Destinations for Crypto Bad Actors?
Davos 2023 forum attendees didn’t just talk about the urgency of regulating cryptocurrencies. They also discussed the consequences of the recent collapses of the cryptocurrency business on the financial sector. As reported by CoinDesk a chirpeven policy makers had to answer tough questions during this event.
In this context, the Minister of State for Artificial Intelligence and the Digital Economy of the United Arab Emirates intervened. Omar Bin Sultan Al Olama spoke specifically about the jurisdictions that crypto-villains target the most. He indicated that we find Singapore, London and Dubai among the latter. She added that these places are preferred because people give them some credibility.
The president of the Dutch central bank did not fail to criticize these jurisdictions that bad actors reward. Klaas Knot said: “ Many of these cryptoassets are offered by places that I would describe as sunny places for seedy people “. Faced with this comment, Minister Al Olama reacted, emphasizing that bad actors do not have a ” destination ” specific.
” You will see them everywhere. You’ll see them in the Bahamas, you’ll see them in New York, in London, and what we have to do as governments is work together, even with industry, to ensure that if someone does something bad, they can’t move you from place to place. “, he explained.
At the World Economic Forum, Klaas Knot suggested that there is a need to differentiate blockchain from cryptoassets. For cryptoskeptics, the latter is certainly a technology full of benefits. Klaas Knot said: “ One of the things is that the benefits of this technology are beyond doubt. I mean, nobody questions the use of technology He said regulators should focus more on how to leverage the benefits of blockchain technology.
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Far from dampening my enthusiasm, a failed investment in a cryptocurrency in 2017 only increased my enthusiasm. I therefore decided to study and understand the blockchain and its multiple uses and to convey information related to this ecosystem with my pen.