Adeniyi Abiodun, co-founder and Chief Product Officer of MYSTEN LABS, recently stated that cryptocurrencies need to quickly change their strategies. He pointed out that currently, there is no blockchain that can support the development of compliant applications, which is a common problem. Abiodun suggests that in order to address compliance issues, blockchain should maintain its transparency and decentralization while regulating the applications built by developers on the network.

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<p>According to DL News, Adeniyi Abiodun, co-founder and Chief Product Officer of Mysten Labs, stated that cryptocurrencies need to quickly change their strategies.</p>
<p>When asked about the future of cryptocurrencies, he said, "In our paper, there is no blockchain today that allows you to build compliant applications, but that is not the reality."</p>
<p>He suggests that the solution to compliance issues is to maintain the transparency and decentralization of blockchain as much as possible, and to standardize the applications built by developers on the network.</p>
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The co-founder of MYSTEN LABS emphasizes the need for rapid adjustment of cryptocurrency strategies.