2022 will put light on crypto regulation, says FTX founder

• According to FTX crypto exchange founder, 2022 will bring clarity in crypto regulations.

• Institutions will deepen their involvement in 2022.

The single greatest issue for all ecosystems remains a regulatory environment marked by wide uncertainty. The blockchain and cryptocurrency industries are no exception.

The year 2021 was common with regulatory uncertainty in the cryptocurrency space.

Enhanced crypto regulation clarity

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FTX crypto exchange founder Sam Bankman-Fried, or SBF, has taken a clear stance on this issue. The executive stated in a Bloomberg interview that the crypto business would see increasing institutional usage as regulatory certainty increases throughout the world.

Needless to say, once the above target is met, institutional acceptance might increase. As previously said, numerous businesses have highlighted the importance of clear regulation. When they are ready, they (executives or institutions) will quickly accept digital assets. As a result, most of it is dependent.

Several prominent corporations, including banking institutions like JPM and Morgan Stanley, have already included these digital assets in their ecosystem. Institutions will soon begin to rush into the crypto economy.

According to Sam Bankman-Fried, 2022 will signal the beginning of a big breakthrough in stablecoin rules, as well as a stronger engagement of the SEC and CFTC.

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The metaverse will break

Later in the conversation, the youngest crypto billionaire shared his projections regarding the previously mentioned combination. He stated that with billions of players worldwide, NFTs in video games would most certainly play one of the most important roles that crypto will play in the metaverse. Although it will take time for the sector to mature, it has the potential to become a global big industry.

Adding perspective to the above remark, Statista estimates that there will be around 3.2 billion gamers in the globe in 2021. According to DappRadar, there are just 1.2 million gamers in the crypto gaming industry. So there is obviously room for expansion here.

Overall, several experts and investors have a similar position, that is rules are beneficial. However, the prospect of a negative turn of events cannot be ruled out completely.