Cryptocurrencies could become an alternative to gold but it is unlikely they will turn into 'money as we know it,' Piyush Gupta claimed.
Cryptocurrencies could become an alternative to gold but it is unlikely they will turn into “money as we know it,” Piyush Gupta claimed.
However, he pointed out the current volatility of the crypto market, which will not enable the digital asset to become “money as we know it:” Additionally, Gupta called upon global regulation of the industry as global central banks should be responsible for designing the regulatory framework. “It can change how trade finance is processed, it can change how payments and settlements clearances work, it can change how exchanges work.”Earlier this week, Bobby Zagotta – Chief Executive Officer of Bitstamp USA – displayed his thoughts on the correlation between the primary cryptocurrency and the precious metal. Hethat investors could soon treat both assets similarly, assuming the world of crypto becomes a “more of a mainstream investment.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Rethinking the Importance of Crypto Trackers | HackerNoonDecentralization has become an inevitable process, not just in the crypto industry but far beyond it as well. This is easy to understand since users prefer full ownership of assets and freedom of action, instead of widespread interventions by third parties. It appears that the FBI understands the current trend and is ready to take preventive action.
Lire la suite »
Ukraine's president signs law establishing regulatory framework for cryptoThe Ministry of Digital Transformation of Ukraine said President Volodymyr Zelenskyy signed a bill named “On Virtual Assets', first adopted by the country’s legislature in February.
Lire la suite »
Binance given nod for crypto license in DubaiBinance will anchor a blockchain technology hub in the Dubai World Trade Centre, to seed new talent, it said.
Lire la suite »
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data'Law enforcement is able to track crypto transactions including through DeFi protocols much more closely,' AaveAave's RebeccaRettig1 says, adding that DeFi isn't an attractive place for users to evade sanctions. Watch more for regulatory insights:
Lire la suite »
Bitcoin, Ethereum, DOGE See Boost In Ukraine As President Zelenskyy Legalizes CryptoPresident Zelensky has now signed the Law “On Virtual Assets”, thus fulfilling the final requirement for establishing the legal status of cryptocurrencies in Ukraine.
Lire la suite »
Kazakhstan Shuts Down Over 100 Crypto Mining Farms – Mining Bitcoin NewsMore than 100 crypto farms in Kazakhstan have terminated operations as a result of ongoing inspections of the mining sector.
Lire la suite »