The World Federation of Exchanges has critisized market regulators for over-egging the risks from quantum computers at the expense of more pressing priorities, such as generative AI.
Editorial
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Major public authorities, standards bodies, and cross-border policy groups have begun issuing guidance, calling for early preparation and coordinated migration to post-quantum cryptography.
The global industry association for exchange groups and CCPs, says that its membership estimates a 5-10+ year window before cryptographically relevant quantum computers (CRQCs) emerge.
“Consequently, resourcing remains proportionate to a long-term risk, not an imminent one, and shouldn’t be prioritised at the expense of more immediate operational concerns such as AI-driven threats and cyber resiliency,” states the exchange group.
In particular, Generative AI risks are viewed by the membership base as far more urgent and immediate, consuming most organisational attention and investment. Quantum computing is seen as a longer-term threat, with many firms hesitant to commit too many resources until clearer timelines or stable standards emerge.
Nandini Sukumar, WFE CEO, says: “While Quantum Computing readiness is undoubtedly important, the migration to post-quantum cryptography remains a long-term undertaking, and the practical groundwork – planning, asset mapping, and vendor coordination – should be paced appropriately. Whilst exchanges recognise that quantum computing is a meaningful risk, regulators must understand that preparation should not deflect from more imminent risks related to AI and cyber resilience.”
