PayPal's Contribution to the World Economic Forum’s Paper on Cryptocurrency Regulation
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Jose Fernandez da Ponte, VP & GM, BCDC
As a trusted name in the payments space, and a provider of cryptocurrency services to our customers in the U.S. and U.K., our ambitions in blockchain, crypto and digital currencies rely upon continued partnerships with the regulatory bodies responsible for protecting consumers while fostering current and future innovation in what is still a relatively new space.
Recently, as part of our membership in the World Economic Forum’s (WEF) Global Futures Council on Cryptocurrencies, I was pleased to be a part of an important effort to contribute with other thought leaders by offering recommendations on regulating cryptocurrencies. You can read the full paper here.
While the future of cryptocurrency regulation is still evolving, PayPal supports the innovation-oriented regulation of cryptocurrencies and the work that WEF is undertaking to help develop tailored regulatory frameworks that create an environment conducive to the adoption of cryptocurrencies and development of crypto-based commerce, alongside mechanisms to protect the integrity, security and stability of the financial system and its actors.
This is a true team effort both inside PayPal and with the broader ecosystem, and it is what makes PayPal’s Blockchain, Crypto and Digital Currencies (BCDC) team such a dynamic environment. Other leaders within PayPal’s BCDC business unit are supporting and contributing to similar efforts by central banks. We look forward to sharing more on this in the future and are currently growing the team to keep pace with these exciting challenges. Click here to view our careers page.