Could Self regulating, financially transparent cryptocurrencies, FinTech, and Blockchain startups be the key to overbearing regulations and bans?
I've been hanging on to these articles, and other associated research, for a while now. Contemplating a program like this and if a largly self regulating economy is the way to go. It's seemingly the best type of outcome as far as minimizing government regulations and control attempts, especially in the US.
Blockchain is different and thus it feels like it can be expected to do better, be more transparent. Some companies, with or without programs like in the 1st article have been standing by transparency from the start. Others we're seeing are complete scams, ill equipped from a business standpoint or more greedy/self serving than acceptable. It seems that any of the legit companies would benefit from this kind of transparency adoption.
Typical businesses, open to public investment, must be transparent with their Financial operations. The defense that crypto is different and shouldn't need to adhere to financial transparency seems to be coming out of the mouths of people trying to make a buck and not trying to improve the use, saftey, ease and global abilities of the internet and fund transfer.
Crypto will be different. Crypto is different. This it needs different rules and obviously the rules and regulations of the u.s. do not properly work in the confines of cryptocurrencies and black chain tack. How this can all be different is by a voluntary Financial transparency from the get-go from all of these companies. We are seeing regulations and bans start happening in many areas around the globe. The only way to combat that is to show that there is a better way and that we're all on top of it, investors as well as businesses!
Either way the revolution of an individual's right to sovereignty and financial access, on multiple fronts, has hit overdrive!
This post has received gratitude of 1.00 % from @jout thanks to: @kintoallbeings.
You got a 0.08% upvote from @postpromoter courtesy of @jout!