A senior executive at a leading compliant platform: Cryptocurrency promotes property rights and free trade, but institutional reforms are also needed.

【Blockchain Rhythm】 A senior executive from a leading compliant platform recently shared his views on the prospects of cryptocurrencies. He believes that digital assets will contribute to humanity in three major ways: first, enabling everyone to have genuine property rights without relying on the “favor” of a centralized institution; second, building a more sound monetary system to break the monopoly pattern of traditional finance; and third, making free trade possible by eliminating unnecessary intermediary costs.

However, he also admits that cryptocurrencies are not a panacea. Technology alone is not enough; if systemic corruption is not addressed, the advantages of decentralization will be diminished. Therefore, he calls for industry development to be aligned with institutional reforms—promoting true deregulation (from the perspective of removing excessive intervention) and eradicating the roots of corruption—so that the potential of cryptocurrencies can be fully realized. These remarks reflect the industry’s deep consideration of the interaction between technology and institutional frameworks.