‘We need to learn what regulation works and what holds us back’ — hedge fund exec

With more institutions joining the Web3 space, regulation has been identified as one of the toughest challenges that can either stifle creativity or become a potential catalyst for widespread adoption.

In an interview with Cointelegraph, Jaime Beza, CEO of crypto hedge fund ANB Investments, shares his beliefs about the challenges in managing funds in the crypto space, the opportunities that lie ahead amid regulatory uncertainty, and the widespread adoption of Web3 technologies. .

According to Beza, the fast-paced environment and regulatory uncertainty are major challenges in the current Web3 space. The executive pointed out that the space is seeing different perspectives in different jurisdictions in terms of developing regulations and highlighted the dilemma faced by regulators in different regions of the world. he said:

“While one could argue that developing uniform rules applied in different jurisdictions makes more sense, this approach also runs the risk of being anti-competitive and reducing creativity when innovation is most needed.”

However, despite the uncertainties in regulation, the hedge fund’s CEO believes that opportunities still exist in terms of experimentation and failure. He explained that:

“Crypto is young now and we need to know what rules work and what holds us back for our own benefit without realizing what we need to know. The right environment for us to grow and move forward Is required.”

Additionally, the executive argued that the fast pace of the industry also has some advantages. “The rapidly changing environment means a constant stream of new products, which could also be new tools with which to manage money,” he said.

related: Wealth Managers and VCs Helping Institutional Crypto Adoption – Wave Financial Executive

When asked about the topic of bringing more institutions into the crypto and Web3 space, Bezza said that there are already many institutions diving in as more investors look to generate returns. Next, he added that there are other factors that could boost adoption. he explained:

“Key factors going forward will include greater regulatory clarity, more education around the digital asset space and greater acceptance. A better macro environment will also be a key factor in enabling institutions to make the leap from traditional to web3 and crypto.”

Lastly, the executive shared what he thinks next in the digital asset space. According to Baeza, there will be more options for market growth in this region as it is already growing but there is still a lot of room for growth.