“Crypto-assets enable fast and inexpensive financial transactions, while offering some of the convenience of cash. Some payment services now make overseas transfers in a matter of hours, not days,” Lagarde wrote in the April 16 post.
“The underlying technology of crypto-assets—distributed ledger technology, or DLT—could help financial markets function more efficiently. Self-executing and self-enforcing ‘smart contracts’ could eliminate the need for some intermediaries,” she said.
Read IMF Chief, Christine Lagarde's Blog Here - "An Even-Handed Approach to Crypto Assets
Before crypto-assets can transform financial activity in a meaningful and lasting way, they must earn the confidence and support of consumers and authorities. An important initial step will be to reach a consensus within the global regulatory community on the role crypto-assets should play. Because crypto-assets know no boundaries, international cooperation will be essential.
Before crypto-assets can transform financial activity in a meaningful and lasting way, they must earn the confidence and support of consumers and authorities. An important initial step will be to reach a consensus within the global regulatory community on the role crypto-assets should play. Because crypto-assets know no boundaries, international cooperation will be essential.
Lagarde is interested in the Crypto Gains
A clear-eyed approach can help us harness the gains and avoid the pitfalls of the new crypto-assets landscape.
Reflection
There is much favorable news with regards to cryptocurrency and blockchain tech. It's not going away. Every day it substantiates itself as being more here.
The thing with learning anything new - is it is typically a matter of repetition and firmly integrating the point. That is what is slowly but surely taking place within our collective consciousness. The media is slowly but surely pulsing the point.
Remember those charts of the up's and down as the cycle of emotions? The wallstreet cheat sheet for the psychology of the markets....oh heck - here it is again, see below.
- I share the chart listed above because this reflects so much so the emotional cycles we humans go through in the process of change. It's kind of hilarious in a way because despite there being information and regard for how we function - at this point the majority of participants seem to not be able to compute calculating the best math at the most opportune time. This is just a healthy reminder that crypto isn't going to disappear - in fact it's sucking up the energy/value of everything - the world is becoming more and more digital.
Here's another news article just for fun - showcasing the direction.
Have you heard of the NASDAQ
"Certainly Nasdaq would consider becoming a crypto exchange over time," Nasdaq CEO Adena Friedman told CNBC's Squawk Box Wednesday. "If we do look at it and say 'it's time, people are ready for a more regulated market,' for something that provides a fair experience for investors."
A key roadblock for the Nasdaq and other institutional investors is regulation, which Friedman said needs to be ironed out before the company would add an exchange. But she was bullish on the future of digital assets.
"I believe that digital currencies will continue to persist it's just a matter of how long it will take for that space to mature," Friedman said. "Once you look at it and say, 'do we want to provide a regulated market for this?' Certainly Nasdaq would consider it."
In the meantime, the Nasdaq is supporting existing cryptoexchanges.
On Wednesday, the company announced a collaboration with cryptocurrency exchange Gemini, founded by early bitcoin investors Tyler and Cameron Winklevoss.
We're in The Locker Room before the Baseball game has even started - I mean the game is a go and everbody is here - set up - but it's going to take some time before we get to the top of the second inning.
You don't have to bet the farm on Crypto - but it would be worth your while to consider placing a Bet. The only reason I even mention this is because if you study the infrastructure of the internet - crypto and blockchain becomes quite obvious.
Betting on Crypto is like betting on the internet to be around in the next few years....
Let Me Know What You Think - Let's keep the discussion going - It's important to communicate about the things that aren't being talked about all that much. When we make a point of addressing the problems - we can in fact get into viable solutions.
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CHEERS TO EXTRAORDINARY GAINS OF STRENGTH IN ALL WAYS POSSIBLE THROUGHOUT 2018
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FREE - UNIVERSAL BASIC INCOME - WEEKLY CRYPTOCURRENCY PAYOUT
- What I like about this social experiment, is the fact that it's success is directly dependent on ordinary people everywhere - where there's a willingness to say,
"Yes - I accept a weekly payment for being a human being to cover my basic costs of Existing Here."
