Reply to thread

Message

<blockquote data-quote="Alison C" data-source="post: 85938" data-attributes="member: 3943">So glad you enjoyed it, and it's great that you want to start a discussion.Another thing to remember about cryptocurrencies, as well as how the regulators simply aren't set up to keep them in line yet as you outline, is their decentralised nature. In spite of holding value, they are not part of centralised democratic financial systems in the way that we have previously been used to. People control the assets but no one is running the Bitcoin Policy Unit, because there isn't one. It will be fascinating to look back at the evolution of these systems, for sure.You rightly point out that the FCA, which, after all, is part of our democratic toolbox, is not exactly drowning but most certainly waving, at a largely Blockchain-illiterate public that it has a duty to protect. It seems ironic that El Salvador, hardly known for its robust jurisdiction or government, is from today the first country to officially adopt Bitcoin as legal tender. (Apparently, the government's e-wallet crashed almost immediately but they got it sorted by lunchtime.)Binance is making noises to show that it wants to fall into line, but time will tell. While the cat's away, the mice will play but what happens when there was never a cat in the first place?</blockquote>

[QUOTE="Alison C, post: 85938, member: 3943"] So glad you enjoyed it, and it's great that you want to start a discussion. Another thing to remember about cryptocurrencies, as well as how the regulators simply aren't set up to keep them in line yet as you outline, is their decentralised nature. In spite of holding value, they are not part of centralised democratic financial systems in the way that we have previously been used to. People control the assets but no one is running the Bitcoin Policy Unit, because there isn't one. It will be fascinating to look back at the evolution of these systems, for sure. You rightly point out that the FCA, which, after all, is part of our democratic toolbox, is not exactly drowning but most certainly waving, at a largely Blockchain-illiterate public that it has a duty to protect. It seems ironic that El Salvador, hardly known for its robust jurisdiction or government, is from today the first country to officially adopt Bitcoin as legal tender. (Apparently, the government's e-wallet crashed almost immediately but they got it sorted by lunchtime.) Binance is making noises to show that it wants to fall into line, but time will tell. While the cat's away, the mice will play but what happens when there was never a cat in the first place? [/QUOTE]

Verification

Our company is called, "The Corporate ___ Academy". What is the missing word here?

Search

Search

Reply to thread