DeFi Andre Cronje, one of the famous developers of the world, last month cryptocurrency seems to be returning to the industry after he abruptly left the industry.
In his statements yesterday, Cronje said that he thought the crypto industry was dead and stated that he did not intend to return to the industry.
Andre Cronje Will Run Projects In Favor Of Cryptocurrency Regulation From Now On
However, this time Cronje is entering the crypto industry from a different field. Rather than launching new tokenomic models or yield farming platforms, Cronje said he will now focus on the “regulated crypto” space.
In his blog post he shared today, Cronje announced that he and his unnamed teammates are working on several projects focused on cryptocurrency compliance and regulation. Areas the developer is working on include compatible crypto custody products, risk reporting, and government-backed national blockchains.
Cronje said on the subject:
“Instead of fighting the regulatory bodies over the issue of crypto regulation, we should deal with and educate about regulated cryptocurrencies.”
With this statement, Cronje said that his new focus in the crypto industry will be far away from platforms including Solidly and Yearn Finance.
Cronje Disconnected From The Crypto World On March 6
On March 6, Cronje’s teammate Anton Nell announced that the period when the duo contributed to the crypto and DeFi world was over, and with this announcement, many DeFi protocol tokens had to suffer great losses.
Cronje, who has remained silent since then, has caused a lot of speculation about whether he will return to the crypto industry.
Cronje’s new focus on regulation thus revealed the famous DeFi architect’s new perspective on the crypto industry.
*Not investment advice.