Chance for Firms to Pivot Amid Bear Market: Chainanalysis
2022.07.15 06:42
Chance for Firms to Pivot Amid Bear Market: Chainanalysis
- Chainalysis tells Blockworks that it believes the current bear market is an opportunity for crypto businesses to pivot.
- Chainalysis representative predicted regulatory changes. He stated he doesn’t think anybody would hesitate, but they don’t want to limit the sector.
- Chainalysis helps law enforcement locate and capture criminals by analyzing blockchain data and mapping offenders’ addresses.
According to a report that was published by Blockworks following an interview with Chainalysis, the blockchain analytics company believes that the current bear market gives an opportunity for new businesses, particularly when it comes to improving the industry’s reputation in the eyes of the legal system.
In an interview with Blockworks, Todd Lenfield, the national manager for Australia and New Zealand at Chainalysis, said that the regulatory framework would continue to undergo change. He also said he doesn’t believe they see anybody hesitating to do that, but at the same time, they don’t want to restrict the industry either.
Even if it is disputed whether or not …
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