Giovanni Vicioso, stated at the Singapore Token2049 "Institutionalization of Digital Assets" roundtable discussion: Just as we need regulatory agencies to work together, everything is to protect users and ensure asset safety. Rather than formulating nationalist regulatory policies, it is better to formulate more universal policies. We have seen the strengthening of regulation, moving from accusatory regulation in the past to more clear rules and standards. In addition, in this field, private brokerage business is necessary, and we hope to see developments in this area soon.