by Eric Lam and Joanna Ossinger
Yahoo! Finance, Canada
(Bloomberg) — The guardians of the financial sector are poised to greatly intensify their efforts to regulate the booming cryptocurrency sector.
That’s the view of the World Economic Forum’s blockchain expert, who said challenges include keeping up with the borderless nature of Bitcoin and other digital tokens, as well as ensuring that innovation isn’t stifled.
“We’re going to see another round of pretty dramatic attempts at regulating this space,” Sheila Warren, head of data, blockchain and digital assets with the World Economic Forum, said in an online Bloomberg seminar Thursday. “As there’s more and more activity in these spaces there’s more and more demand signal for regulators to get engaged and involved.”