Infographic: Will 2017 be the year that Blockchain is regulated?

Infographic: Will 2017 be the year that Blockchain is regulated?

by August 18, 2017

In an earlier article on the World Economic Forum’s report (Read here), it’s mentioned that the WEF advocates a multi-stakeholder approach to govern blockchain and cryptocurrencies. Recognizing the nature of distributed ledgers, stewardship by stakeholders and not a heavy-handed approach is recommended.

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Blockchain Regulation Infographic

However, what do regulators worldwide really think? Based on an infographic by Gary Nutall, most countries are adopting a wait-and-see approach. While cautious, there are countries such as the US and Singapore who are proactively seeking use cases for the technology, especially in the public sector. All seem to agree that the potential of blockchain technology to transform economies and industries cannot be ignored.