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If a project commits to a set lockup schedule, this can be easily verified on-chain by anyone. The role of the self-regulating institutions, then, is to monitor and interpret this data, as it is often difficult to understand and the details can sometimes be subject to debate. Additionally, the public
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Japan’s self-regulation “experiment” for the crypto industry is reportedly not working as well as intended, according to local government and industry experts. Since 2018, the Japan Virtual Currency Exchange Association (JVCEA), a self-regulation entity, has been tasked with creating guidelines for the country’s crypto industry, with arguments at the time
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Cardano co-founder Charles Hoskinson has told Congress it should make regulations for crypto but leave compliance up to the software developers.Hoskinson likened the ideal arrangement for crypto regulation to the way banking self-regulation works during a June 23 congressional hearing, telling legislators “it’s not the SEC or the CFTC going
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