According to Ethereum co-founder Vitalik Buterin, zero-knowledge proofs can satisfy regulatory policy goals and preserve users' privacy.
, believes that the crypto ecosystem needs to mature and be in tune with the regulatory policies that allow crypto projects to operate internally freely.
Sharing his opinion around crypto regulations, Buterin spoke against the regulations that have an impact on the inner workings of a crypto ecosystem. Considering the current circumstances, he believed it was better to have regulations that allow inner independence to crypto projects, even if it hampers mainstream adoption. Buterin“I'm actually kinda happy a lot of the exchange-traded funds are getting delayed. The ecosystem needs time to mature before we get even more attention.”
The use of know-your-customer on decentralized finance frontends was another concern pointed out by Buterin. However, he highlighted the need for KYC on crypto exchanges, which has seen wide-scale implementations.“It would annoy users but do nothing against hackers. Hackers write custom code to interact with contracts already.
Acknowledging the recent Ethereum Merge upgrade, Google embedded a countdown ticker dedicated to Ethereum’s transition from proof-of-work to proof-of-stake consensus mechanism.