Crypto Industry Undergoes Major Compliance Shift as Firms Prioritize Regulations

James Smith, co-founder of Elliptic, a crypto compliance firm, highlights a significant shift in the crypto industry’s approach to regulatory compliance. According to Smith, who spoke at Token2049, early crypto companies lacked a strong commitment to compliance. However, as regulators intensified scrutiny and major financial institutions like Fidelity and DBS entered the space with established compliance standards, the industry witnessed a notable transformation.