"We need to learn what regulation works and what's holding us back" — Hedge fund manager

Jaime Baeza said the rapidly changing environment and regulatory uncertainty are some of the challenges facing institutions in Web3.< /p> Interview

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

In an interview with Cointelegraph, Jaime Baeza, CEO of crypto hedge fund ANB Investments, shared the challenges of managing funds in the crypto space, the opportunities that arise amid regulatory uncertainty and his beliefs on what could lead to wider adoption of Web3 Technology.

According to Baeza, the rapidly changing environment and regulatory uncertainty are major challenges in today's Web3 space. The executive pointed out that the space is experiencing different approaches in various jurisdictions in terms of developing regulations and highlighted the dilemma of regulators in different parts of the world. He said:

“While it could be argued that developing uniform regulations applicable in different jurisdictions might make more sense, this approach also risks being anti-competitive and stifling creativity when innovation is most needed. "

However, despite regulatory uncertainties, the hedge fund CEO believes there are still opportunities for experimentation and failure. He explained that:

“Crypto is young and we need to learn what regulation works and what holds us back for itself with no real benefit. We need the right environment to grow and progress.”

In addition, the executive argued that the fast pace of the industry also has some advantages. "A rapidly changing environment means a constant flow of new products, which can also be new tools for managing funds," he said.

Related: Wealth Managers and Venture Capital Firms Help Drive Institutional Crypto Adoption - Wave Financial execs