Richard Teng: Clarity of Regulation is Good for the Industry

In his first AMA session, Richard Teng acknowledges the necessity of regulation in the cryptocurrency industry. Arguing that it is not something to run away from, Teng believes that regulation paves the way for increased clarity of rules and the attainment of universal standards, both of which he views as vital for fostering mass adoption of cryptocurrencies. Teng emphasizes the importance of transparent and clear rules, considering them as foundational elements for the wider embrace of digital currencies. He suggests a constructive approach, urging stakeholders within the crypto industry to actively work alongside regulators in order to cultivate a more robust, reliable, and universally acceptable ecosystem for cryptocurrencies. This standpoint highlights the significance of constructive engagement with regulatory bodies for the overall health and sustainable growth of the crypto space.