Exclusive video: Crypto Currency Forum at FinTech LIVE

Held at the QEII Centre in the heart of Westminster, London, our annual two-day conference FinTech LIVE London was a disruptive learning and networking event showcasing the industry’s leading figures across innovation, thought leadership and strategy.

After delivering Stage 2's opening keynote on day one of the show, David Palmer, Blockchain Lead for Vodafone Business IoT, joined the panel for the eagerly-anticipated Crypto Currency Forum. 

Palmer was joined by three distinguished industry peers in the form of:

• Christian Rau, SVP Crypto and Fintech Enablement Europe at Mastercard
• Odelia Torteman, Global Digital Finance Specialist, IFC at The World Bank 
• Michela Silvestri, VIP & Institutional Business Development Manager at Binance​​​​​​​

Crypto forum discusses regulatory challenges 

Discussing the problems associated with cryptocurrency regulation, the panel discussed the potential of central bank digital currency (CBDC).

"I think CBDCs represent a great gateway towards the citizen side of things," said Torteman. "Regulation has been a challenge and continues to stay one because it is very much dependent on time and space in different regions. 

"We are seeing it evolve, however it is extremely complex and varies a lot between different jurisdictions, which makes everything much more challenging. I do think CBDCs on that aspect represents a great door towards the institutional side."

Referencing the Markets in Crypto-Assets Regulation (MiCA), which institutes uniform EU market rules for crypto assets, Rau adds: "Coming up with a regulation that puts consumer protection at the heart of the discussion, that regulates stablecoin because of the impact it can have on the real economy and aims to provide a level playing field to basically define how people should engage in the industry, is absolutely necessary. 

 "At least for Europe, the train has left the station – MiCA has been signed off and we're four or five months into the 18-month deployment cycle. It would be premature to speak about how it looks at the end of the day because there are still some details to be figured out, but I think it's welcome, it's necessary and a good thing."

To watch the Crypto Currency Forum, simply click on the video link at the top of this story. 

Want to see more from FinTech LIVE London 2023? Stay tuned to our website for more content, which will be coming your way very soon. 

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For more insights from FinTech Magazine, you can see our latest edition of FinTech Magazine here, or you can follow us on LinkedIn and Twitter.

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Please also take a look at the playlist for our latest hybrid event, FinTech LIVE London, to learn all about the latest trends in fintech. 

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