Update: The title is updated after the countdown clock was rectified on the conference website.

So many crypto projects turn out to be scams and there is nothing much we can do about it, as it works the way it is expected to work - without regulatory oversight and protection behind privacy tools and decentralisation.

We learn that in order to preserve our privacy and give the power back to the people with decentralization, many have and many more shall suffer the consequences until the technology has stabilized.

But not everyone believes this.

A group of experts in journalism, policy, technology, law, regulation and banking are banding together to say enough is enough. Crypto sceptics have been a few talking heads on Twitter shouting out to the abyss to anyone who would listen, writes Amy Castor and now they have an opportunity to come together, network and build a community.

The Crypto Policy Symposium 2022 is “pro-regulation” as the conference’s organiser and software engineer Stephen Diehl says. Personally, I love both Amy and Stephen’s writing, there is so much to learn from them, but anyone who follows the man on Twitter knows what regulation he expects from the government.

Stephen Diehl @smdiehl

Crypto is all a scam. Just a giant mountain of grift that all sums to nothing and produces nothing except human misery.

1:09 AM ∙ Aug 14, 2022

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Stephen Diehl @smdiehl

Mark my word, until there's a blanket ban on cryptocurrency exchanges and sweeping sanctions, these criminals are going to keep ravaging our hospitals and public sector.

nytimes.comDon’t Ignore Ransomware. It’s Bad. (Published 2021)Ransomware attacks can bring down schools and hospitals. It’s time we took them more seriously.

6:24 AM ∙ May 3, 2021

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Perhaps this toned-down approach to call themselves pro-regulation instead of anti-crypto is strategic in order to attract global decision makers to the conference.

So far the conference has acquired potential attendance of Officials from the Treasury, FCA and Bank of England, and officials from the US and EU. Institutions such as Barclays and Deutsche Bank will also have people there, and big tech firms Google, Apple and Meta will also be tuning in.

The speaker list includes several journalists, influential actors, bankers, software engineers, lawyers and more.

The topics of discussion:

There will be several panel discussions at the conference. The panellists for each discussion will be experts from three separate domains. For example, one with an expert from journalism, tech and law each.

The two-day agenda includes the following topics:

• Crypto's Environmental Impact

• The Politics of Bitcoin & Crypto

• Is Crypto the New Internet?

• Narrative Economics, & Crypto Fraud

• Crypto Contagion

Each session may last about 45 minutes and there is some time at the end of the conference on both days set for networking.

The physical attendee tickets are sold out however the virtual attendee tickets are still available. I will personally be attending the sessions and also networking. I firmly believe that the greater good may come out of this experiment we call crypto, but we must always be open to learning and understanding from those who do not see it the same way.

I insist you also attend the conference to see what are the causes of concerns among our own peers and if we can, how should we address them.

The symposium will take place in London and will be live-streamed on September 5 and 6. You can check out the symposium website here for more details.

In Other News:

1. The Acala Network’s aUSD stablecoin de-pegged by over 99% and compelled the Acala team to pause a hacker’s wallet, raising concerns about its claim of being decentralized. Read more.

2. Kevin O’Leary, argued in favour of the Treasury Dept's sanctions saying services like Tornado Cash are preventing institutional capital from entering the space. Read more.

3. Ethereum Merge may happen on September 15, click here to know everything about it.