Blockchain Week Day 1: Memorable Quotes
Blockchain Week 2023 festivities continue this week with a successful day 1 in
On day 1,
our strategy is focused on improving the customer experience… in the last 5 years we have been awarded more than 150 patents… our focus areas are enabling digital currencies to use our cards to spend crypto on our track. Another strategy is to use our card to top up digital wallets.
[the Australian Government] prioritize the regulation of stablecoins that are most similar to cash.
The regulatory challenge for government is to support innovation and protect consumers with simple regulatory systems. The token mapping consultation shows a path to regulation under time-tested rules…stablecoins and lenders and borrowers are sufficiently similar to traditional regulated systems. Custody, clearing and settlement intermediaries are close to existing systems.
In an interview between the Australian Financial Review’s
If you think about the possibility for the bank…if I’m a client I have all my assets in the bank if this extends to a digital wallet…it doesn’t matter what you hold…banks can capturing the range of Web3 value in their offerings.
And on the regulatory issues in the US:
The situation in the US is very political, in my view that is the crux. The
NSW is home to more than half of all blockchain companies
And that the NSW wants to be more involved in space:
Blockchain is already driving transformative change…it is fundamentally changing the way people work and government needs and wants to be a part of that change. NSW’s continued prosperity will depend on leveraging that growth.
Independent Reserve CEO Adrian Przelozny is confident that more investment is coming:
It is becoming increasingly clear that the institutions are coming… [r]regulations will force exchanges to operate at a higher level.
Day 2 is Community Day, with day 3 about community included
Read more about Blockchain Week here.
Blockchain Week 2023 has started
Organized by Dr
The ASX will release an update solution draft for the CHESS system by the end of the year, which according to
Blockchain is already changing the way people live and work, and government wants to be a part of that change.
The panel on the evolution of financial services was moderated by
The panelists agreed that blockchain technology will not go away, and according to
Blockchain is not yet mainstream but very influential… all major banks now have a digital asset team.
potential for blockchain to replace existing centralized systems [with] enormous operational efficiency
The panel agreed that the “high-growth underserved markets” such as the carbon credit market, illiquid markets or private markets are well suited for blockchain adoption.
Interestingly, when discussing the long road to mainstream adoption,
When discussing the parts of blockchain technology that are here to stay,
The panel agreed that the adoption and development of blockchain technology requires significant government involvement through sure and appropriate regulation that can set the parameters that allow banks to grow in this space and ensure that crypto asset providers can accept payments. secure and banking services and help slow down scams that are currently in effect
American plans to reform
On June 20, the United States officially announced its plans to launch a
The organization plans to target darknet drug sellers and crimes enabled by cryptocurrency, including money laundering, data theft and child exploitation. It was reported:
Our agents excel at tackling sophisticated cyber-related schemes and rise to the challenge of tracking down and apprehending criminals trying to hide in the digital world.
Law enforcement agencies around the world are setting up specialized units to deal with the use of crypto-assets by criminals who don’t seem to realize how traceable crypto-assets are.
What will be closely monitored are the metrics the task force chooses to measure performance and how those metrics are tracked over time.
The content of this article is intended as a general guide to the topic. Specialist advice should be sought regarding your specific circumstances.
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