Reported about 1 year ago
A report highlights the necessity for global standards to promote blockchain trading of assets, emphasizing the need for a universal standard to allow assets to move seamlessly across blockchains. While banks are eager for the adoption of tokenised asset trading to enhance speed, affordability, and transparency, the lack of consistent global regulations is hindering smooth asset movement between different blockchains. Industry experts believe that varying client and compliance requirements globally require tailored solutions, as different jurisdictions progress at different rates and focus areas, highlighting the importance of industry-accepted risk assessment approaches for widespread adoption by 2030.
Source: YAHOO