In the short term, the WFE recommends that CTPs disclose their regulatory status and do not describe themselves as exchanges until they are appropriately regulated
The paper calls for increased collaboration to progress an ecosystem that currently includes fragmented standards, varying regulatory treatment, limited integrations with institutional-grade payment rails and siloed liquidity
We see many potential ways in which crypto innovation can be a solution to regulatory challenges. Critically, there is a wide range of outcomes for crypto regulation and adoption around the world