I want to make more money than I currently do from the blockchain space. But here's what I'm thinking about; effective regulations are needed in the blockchain sector to safeguard users from malicious individuals. The fear of hacks and exchanges being halted from providing services in certain religions for no clear reasons has to be addressed. Additionally, clear guidelines are crucial to provide the industry with a defined framework within the legal system, allowing it to expand and advance further.
I recently read an article by Gracy Chen, the MD, Bitget Exchange giving analysis of the rapid growth of the crypto industry in the Middle East, particularly in countries like the UAE, Saudi Arabia, and Oman, to have been remarkable in recent years. With a significant increase in registered crypto businesses, a surge in crypto transactions, and a growing mining hash rate, the region has become a key player in the global blockchain ecosystem.
The confidence and optimism among investors in those region, fueled by expectations of Bitcoin's halving and a potential Bull Run, highlight the strong belief in the future potential of cryptocurrency. I know it is mentioned in her article how her Exchange company scale their operations in the Middle East and hire professionals to support their growth, but my focus is not only on the region's potential but also on driving greater crypto adoption globally.
Ref:
https://www.omanobserver.om/article/1151158/opinion/blockchain-in-mena-region-its-present-and-futureHere's my concern, especially as everyone prepares for Bull run, how can exchanges and other blockchain companies team up to get clear regulations that guides the sector and is it possible to come out with measures to combat crime of hacking and other evil actors in the scene?