International Symposium on Blockchain Advancements ─ Moving Towards Safe and Trusted Digital Currency

Coinlive reporting at the International Symposium on Blockchain Advancements: A New Interoperability Dimension Coupling DeFi and CeFi event at InterContinental Singapore. Antony Ruddenklau, Global Head of Financial Services Innovation and Fintech at KPMG International, is covering the topic “Moving Towards Safe and Trusted Digital Currency”. He starts off by sharing the current state of digital currencies. Despite the fall of some of the most prominent pioneers in the crypto space, investment activities in blockchain and crypto are here to stay. Antony believes digital currencies have disruptive potential but have yet to be adopted at scale due to a few challenges, such as the lack of consumer protection, robust business models, control and governance, and trust. Web3 companies and developers, to regain users’ and investors’ trust in crypto, could enforce the following: establish institutional grade control and processes, manage financial stability risks from digital asset activities, develop market infrastructure, and safeguard investors against harm.