Traditional Markets vs New Markets, Centralization vs Decentralization. These are some of the issues that came to light with the GameStop situation, according Gabriella Kusz, Board Member of the Global Digital Asset and Cryptocurrency Association. In this article, Ms. Kusz says more GameStop-type situations can be expected in the future, suggesting that as markets evolve, regulation will need to adapt, as well, and a new regulatory mindset will need to take hold. Read the Full Article Here: https://tabbforum.com/opinions/gamestop-reimagining-regulation-in-the-digital-era/
CHICAGO--(BUSINESS WIRE)--The emergence of digital assets, cryptocurrencies, and their underlying blockchain technology is rapidly transforming the global monetary system. To better facilitate this transformation, the current regulatory environment must be enhanced to provide all participants with unambiguous regulations that provide accountability, integrity and transparency to prevent malicious behavior that can develop in rapidly evolving market segments. The Global Digital Asset and Cryptocurrency Association (Global DCA) was established to guide the evolution of this new technology within a regulatory framework designed to build public trust, foster market integrity and maximize economic opportunity for all participants. By devising standards and consensus-based solutions, the Global DCA will address the major challenges facing the digital asset and cryptocurrency industry. “daily, we see headlines reflecting a great struggle for the legitimacy of this new asset class within a lightning-fast, rapidly changing environment. A healthy robust industry needs structure, standards and an efficient regulatory framework to thrive.” Tweet this Matt Lisle, Chairman of the Global DCA and General Counsel for DrawBridge Lending, LLC notes that “daily, we see headlines reflecting a great struggle for the legitimacy of this new asset class within a lightning-fast, rapidly changing environment. A healthy robust industry needs structure, standards and an efficient regulatory framework to thrive.” Renata Szkoda, Treasurer of the Global DCA and CFO of Blue Fire Capital agrees and notes that “blockchain technology is groundbreaking and represents in so many ways a ‘reset’ within the world of traditional finance, banking and financial investment. The development of an unambiguous and suitable regulatory framework...
Who will regulate bitcoin and other digital currencies? A Chicago coalition is jostling with two New York groups to set the rules for the cryptocurrency market. At stake are billions in digital assets. Read the rest of the article here: http://www.chicagobusiness.com/finance-banking/who-will-regulate-bitcoin-and-other-digital-currencies
Sponsors say stablecoins are safe, but regulators are concerned about potential risks to financial stability. The Federal Reserve is trying to figure out how to keep cash relevant in a cashless world. It’s considering digitizing the U.S. dollar, giving people money they can access on their phone and bypassing electronic payments that can be slow and costly for businesses. Read More