Hatu is the co-founder and chief strategy officer of DAO Maker, which creates growth technologies and financing frameworks for startups while reducing risk for investors.

“2021 has been a year of hiatus for cryptocurrencies and DeFi as regulators have yet to articulate their stance on the industry. This discourages retail crowd participation, which is a huge opportunity cost for the industry. However, The future looks brighter as El Salvador adopts Bitcoin as legal tender and more and more countries accept cryptocurrencies.

Yes, in 2021, there have been many deliberations at various levels regarding cryptocurrencies and their regulatory status. Governments and regulators across the globe have expressed reservations about the mainstreaming of cryptocurrencies. However, they are also aware that the industry is maturing and is currently even too large to implement a blanket ban.

I believe that blockchain technology is certainly far from the regulatory scheme of things, as the technology and its applications replace the need for oversight. They bring much-needed aspects such as transparency and decentralization to the forefront. Regulating blockchain technology will only adversely affect our development as a society.

Beyond that, I expect more regulatory recognition in 2022 as crypto aims to revolutionize the global financial system through DeFi. Crypto forensics is on the rise, and I hope governments will adopt it to protect their citizens.

Cryptocurrencies require regulation in 2022, but no restrictions. “