Jasper Bets is a Senior Supervision Officer specializing in MiCAR at the Dutch Authority for the Financial Markets (AFM). Over the past three years, he has been closely involved in the preparation and implementation of supervision of Crypto Asset Service Providers.
His work focuses on building knowledge in the crypto domain, supporting investor protection, and contributing to European policy alignment. He has developed particular expertise in custody solutions for crypto assets.
With 15 years of experience in financial supervision, he has worked across the oversight of banks, insurers, and other financial institutions. He also has experience applying behavioral insights to supervision, with a focus on behavior and culture as a means to strengthen regulatory effectiveness.
Roundtable Room 1, Ground Floor
Open
In recent years, the function of popular cryptocurrencies has shifted. While originally designed as payment instruments, they are nowadays more frequently used as highly volatile investment objects by a variety of investors including retail investors. While a BIS Working Paper showed that between 2015 and 2022 an estimated 73-81% of retail investors have likely lost money on their initial investment in Bitcoin, recent reviews by IOSCO and FSB found that investor protection is still underdeveloped in this area.
This raises the question how and to what extent investors, especially retail investors, must be protected. Starting with a discussion on the available data, the panellists will discuss gaps in current regulation and concepts for an appropriate cryptocurrency regulation architecture in the area of (retail) investor protection.