Nordea Blockchain Expert Urges Crypto Regulation

Regulation is the key to weeding out bad actors in the cryptocurrency and blockchain spaces, bank expert says.

Regulation and compliance

Sointu says all technologies operating within a highly regulated industry, or performing functions similar to a financial institution, should be subject to the same laws. But this is often not the case with virtual currencies.

As a bank, we have to comply with a lot of regulations and laws,” he tells WatersTechnology. “So we find it questionable that there is a technology that does a bit of the same thing we do as a bank but is exempt from the laws and rules we have to comply with.”

Nordic

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