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KuCoin Labs, VAIOT launch crypto-regulation think tank supported by industry experts

Press Releases Crypto News CryptoDaily UK KuCoin Labs, VAIOT launch crypto-regulation think tank supported by industry experts

KuCoin Labs and VAIOT, a blockchain and AI-powered services business, jointly launched a think tank Tuesday to foster crypto regulation informed by the perspectives of industry experts.

Regulated since September 2020 under strict Maltese legal scrutiny and with oversight exercised by leading accounting and advisory firm Grant Thornton, VAIOT hopes to position its new Digital Assets Regulation Institute (DARI) at the forefront of establishing regulatory clarity in an industry that simply hasn’t been able to work with regulators effectively enough.

DARI will gather relevant stakeholders, ranging from regulated companies and projects seeking regulation to consulting firms, financial and security auditors, accounting companies, law firms, and VCs, to conduct research and produce reports that will inform government policy across the globe.

“No one cares about regulation during a bull run when money is being tossed around and investors are making massive gains,” said Pawel Andruszkiewicz, COO of VAIOT and President of DARI. “It’s when everything crashed and burned a few months ago that people came to understand the value of companies, like VAIOT, that comply with stringent regulations. It’s our goal at DARI to ensure effective regulation is at the forefront of the way we think about this industry going forward.”

The launch comes on the heels of the U.S. Commodity Futures Trading Commission (CFTC) having filed a lawsuit against crypto exchange Binance and founder Changpeng Zhao Monday on allegations the company knowingly offered unregistered crypto derivatives products in the U.S. against federal law. The CFTC’s lawsuit against the world’s largest crypto exchange is only the latest in a string of actions taken by U.S. regulators against large crypto companies in an uncertain regulatory environment.

The collapse of FTX—the former symbol of legitimacy in digital assets—stalled the advancement of coherent U.S. crypto regulation because Sam Bankman-Fried, th

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Author: Adrian Barkley

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