KYCbench
Nickel Bitcoiner
Nickel Bitcoiner
Posts: 16
Joined: Tue Sep 04, 2018 2:27 am

Rules for Cryptoinvestors: how not to prevent rise of new industry

Sun Oct 28, 2018 9:07 pm

The creation of new digital economy has two components: the modernisation of the existing “analog” economy, and the construction of a fundamentally new “crypto-economy”, which is based on new digital products and assets. Its manifestations are not only the beginning of payments in crypto-currencies or the receipt of investments using ICO procedures as a form of crowd-funding, but also the generation by telecommunication companies, social networks or search engines of new digital profiles of subscribers that do not fall under the current law on personal data.

If in the former case there is an established system of law, then in the second – the world has to create it anew, starting with a single glossary and ending with civil-law relations. It is for this reason that the head of the IMF Christine Lagarde, who can hardly be called a proponent of the distribution of crypto currency, called for regulating this industry systematically and without excessive rigidity. And this was one of the main results of the meeting of finance ministers and heads of G20 central banks in Buenos Aires. World regulators already recognize crypto assets, but still hesitate to call them money.

The pace of development of crypto-economics amazes and overturns all forecasts about the next speculative soap bubble. The volatility of the crypto currency, which we observe, is a common occurrence for newly emerging industries. Recall how through the ups, downs and at some point the cleaning up of excess garbage was born the world IT industry, as appeared Apple, Amazon, Google.

With the advent of blocking technology and digital assets, this industry is moving into a new quality. It is enough to look at the growth in the number of projects and investments in blockchain over the past three years.

➡️ Read our article to learn more!!
https://www.kycbench.com/rules-for-cryp ... -industry/

Join our Telegram Groups:
https://t.me/kycbench (KYCBench Announcement)
https://t.me/KYCBenchOFFICIAL (KYCBench Community)

KYCbench, your reliable KYC partner
www.kycbench.com
GDPR & ISO/IEC 27001:2013 compliant

User avatar
CynicalSeal
Nickel Bitcoiner
Nickel Bitcoiner
Posts: 22
Joined: Fri Oct 19, 2018 2:38 am

Re: Rules for Cryptoinvestors: how not to prevent rise of new industry

Mon Oct 29, 2018 2:49 am

Yeah, the changes are coming - so much is secure and clear for all watchers and the classical, old-school instutions are hard-pushed how to handle those new obstacles in a way which would on the one hand lead to better regulation without on the other hand, killing off the buzz and potential of the new technology. I am absolutely sure that there is a big demand for the kind of innovation which is reachable with blockchain answers but i am not sure, how fast we are going to be able to pick those fruits.
"Eighty percent of success is showing up" - Woody Allen

Return to “Economics”

Who is online

Users browsing this forum: No registered users and 1 guest