Chainlink Advisor Discusses Regulatory Asymmetry at 2024 Hong Kong SmartCon

According to Odaily, during the 2024 Hong Kong SmartCon conference hosted by Chainlink, advisor Jennifer Peve addressed the future of financial market infrastructure in a panel discussion. Peve highlighted the current state of regulatory asymmetry, noting that each jurisdiction has its own regulatory framework with varying goals, approaches, and levels of maturity. She emphasized the need for prioritizing regulatory frameworks, stating that markets should not rely entirely on regulatory organizations for their operations. Peve suggested that emerging markets might serve as more effective testing grounds for new regulatory approaches compared to regions with established frameworks. She used the analogy, 'It is easier to tear down a house than to rebuild it, and rebuilding a house is easier than renovating it,' to illustrate her point. Additionally, Peve discussed the modernization of financial market infrastructure, asserting that it will significantly enhance asset management. She projected that this modernization will eventually connect trillions of traditional assets with digital assets, paving the way for a more integrated financial ecosystem in the future.