Cryptocurrencies and Public Policy – Key Questions
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Gold Backed Cryptocurrency Is Crypto All That Glitters?
Gold Backed Cryptocurrency Is crypto all that glitters? www.thehutchreport.com Insights, Ideas and Tools for the New Economy THE LURE OF GOLD We take a look at the evolution of gold as a store of value to the advent of digital currencies and the use of gold therein. SWOT ANALYSIS We analyze the current state of gold backed cryptocurrencies by way of a SWOT analysis in order to determine the strengths, weaknesses, opportunities and threats facing them as they move deeper into the consciousness of the financial mainstream. GOLD BACKED CRYPTOS AND EXCHANGES We provide an overview of current, pending and past digital currencies that are backed by gold in addition to new gold blockchain exchanges being introduced. The Hutch Report was founded in 2015. Originally from North America, the founders have lived in Europe for the past 20 years and traveled some of the most amazing places that the world has to offer. In that time, learning some incredible things and living an incredible adventure. Along the way we have met a large number of fascinating people and worked with more than a few technology startups, one which was sold to PayPal and another that was sold to Macrovision. In that time we have compiled an extended network of contacts in the European and North American startup communities as well as the venture capital and private banking sectors. Through research, interviews and analysis we are out to discover next great opportunities, investments and nuggets of knowledge. As we go through this process we thought it would make sense to share our insights, ideas and tools for the new economy so our readers can profit along with us. -
Virtual Currencies: International Actions and Regulations Last
Virtual Currencies: International Actions and Regulations Last Updated: January 8, 2021 No Legal Advice or Attorney-Client Relationship: This chart is provided by Perkins Coie LLP’s Decentralized Virtual Currency industry practice group for informational purposes only and is not legal advice. This information is not intended to create, and receipt of it does not constitute, an attorney-client relationship. Recipient should not act upon this information without seeking advice from a lawyer licensed in his/her own state or country. For questions or comments regarding this chart, please contact [email protected]. Developments Over Time Country Current Summary Date Occurrence Sources 2/20/2020 The Financial Services Regulatory Authority has updated and Guidance expanded its guidance through amendments to its cryptoasset regulatory framework. The amendments change the terminology used in the framework from “crypto asset” to “virtual asset,” a change that aligns with those descriptions used by the Financial Action Task Force (FATF) (see Issuers and intermediaries of virtual Financial Action Task Force (below)). The FATF currencies and “security” tokens may be recommendations are an international standard for regulation Abu Dhabi subject to regulation—depending upon of crypto assets including KYC requirements, anti-money the nature of the product and service. laundering and fraud prevention rules, and sanctions and screening controls. The amendments also overhaul regulations to move the applicable rules from a singular category to those respective to the underlying activities. This means that such assets can be regulated according to their idiosyncratic natures and not as a monolithic class. 29032535.40 10/09/2017 The Financial Services Regulatory Authority (FSRA) of Abu Supplementary Dhabi issued guidance on the regulation of initial coin/token Guidance – Regulation offerings (ICO) and digital currency as supplemental of Initial Coin/Token guidance to the existing 2015 Financial Services and Markets Offerings and Virtual Regulations (FSMR). -
Towards a Post-Cash Society: an Application to Convert Fiat Money Into a Cryptocurrency
Towards a post-cash society: an application to convert fiat money into a cryptocurrency Article (Published Version) Huckle, Steve, White, Martin and Bhattacharya, Rituparna (2017) Towards a post-cash society: an application to convert fiat money into a cryptocurrency. First Monday, 22 (3). ISSN 1396-0466 This version is available from Sussex Research Online: http://sro.sussex.ac.uk/67013/ This document is made available in accordance with publisher policies and may differ from the published version or from the version of record. If you wish to cite this item you are advised to consult the publisher’s version. Please see the URL above for details on accessing the published version. Copyright and reuse: Sussex Research Online is a digital repository of the research output of the University. Copyright and all moral rights to the version of the paper presented here belong to the individual author(s) and/or other copyright owners. To the extent reasonable and practicable, the material made available in SRO has been checked for eligibility before being made available. Copies of full text items generally can be reproduced, displayed or performed and given to third parties in any format or medium for personal research or study, educational, or not-for-profit purposes without prior permission or charge, provided that the authors, title and full bibliographic details are credited, a hyperlink and/or URL is given for the original metadata page and the content is not changed in any way. http://sro.sussex.ac.uk 07/03/2017 Huckle First Monday, Volume 22, Number 3 6 March 2017 In this paper, we discuss an application that uses blockchain technology to transfer fiat money into a cryptocurrency — Ether. -
Future of Money
Future of Money A SIX White Paper Foreword 3 Foreword As the backbone of the Swiss financial industry, we at SIX We understand white papers as a stepping stone in must understand the potential effects and relevance of the a never-ending journey of better understanding possible many developments we are currently witnessing — from futures. We therefore inherently understand it as a work new technologies, to political shifts, social changes, and in progress, rather than an end-product, capturing our business model innovations. White papers are one of the current views but ready to be updated as new informa- by-products of I&D’s efforts in developing such scenarios. tion comes along. The publication of this white paper serves several goals: This white paper is the result of a joint effort between to underscore the cultural shift going on at SIX, to elicit SIX and the wider Swiss financial ecosystem. We thank feedback from a broader audience, to serve as a basis for the authors and the many contributors, internal and starting conversions with various external stakeholders, external, for their hard work and inspiring insights. to suggest possible avenues for joint innovation with start-ups and established players, and to communicate to We hope you will enjoy the reading, and look forward to prospective employees the types of innovation initiatives/ constructive discussions. projects that could be ongoing at SIX in the years to come. Daniel Dahinden Marco Menotti Head Innovation & Digital Head Banking Services SIX SIX Dr. Andreas Sprock Dr. Alexander Verbeck Head Innovation Management Head Cash Ecosystem SIX SIX 4 Table of Contents 1 Introduction 5 Method Factors: Catalysts, Drivers, Developments, Trends Summary of the Scenarios Inputs for Strategy 2 Relevant Future Scenarios 17 3 Definitions 50 Note to the Reader 53 Introduction 5 1 Introduction “The financial system has experienced innovation boosts before, but this time it is somehow different .. -
Cryptoliquidity: the Blockchain and Monetary Stability∗
Cryptoliquidity: The Blockchain and Monetary Stability∗ James L. Catony September 27, 2018 Abstract The development of blockchain and cryptocurrency may alleviate the economic strain associated with recession. Economic recessions tend to be aggregate demand driven, meaning that they are caused by fluctuations in the supply of or demand for money. Holding mone- tary policy as solution assumes that stability must arise from outside of the economic system. Under a policy regime that allows innova- tions in blockchain to develop, blockchain technology may promote a money supply that is responsive to changes in demand to hold money. This work suggests that cryptocurrencies present an opportunity to profitably implement rules that promote macroeconomic stability. In particular, cryptocurrency that is asset-backed may provide a means for cheaply attaining liquidity during a crisis. JEL Codes: E40, E41, E42 Keywords: blockchain, cryptocurrency, endogenous money, liquidity, dise- quilibrium AIER Sound Money Project Working Paper No. 2018{15 ∗I owe gratitude to Cameron Harwick for his comments on an early draft. I also bene- fitted greatly from conversations with attendees at the Fargo Bitcoin meetings. Without help from these individuals, this paper would not have been possible. yDepartment of Agribusiness and Applied Economics, North Dakota State University, Fargo, ND 58102 [email protected] 1 Introduction In the last decade, the value and significance of blockchain technology has gained recognition among entrepreneurs, policy makers, and academics. What appeared to the casual observer to be simply a monetary phenomenon has been recognized as a new means of organizing social activity, particularly exchanges and ownership (Davidson, Filippi, and Potts 2016; Antonopou- los 2016). -
The Royal Mint and CME Group to Launch Royal Mint Gold
November 29, 2016 The Royal Mint and CME Group to Launch Royal Mint Gold Partnership to build digital gold product on blockchain to be available in 2017 LONDON, Nov. 29, 2016 /PRNewswire/ -- The Royal Mint, the world's leading export mint, and CME Group, the world's leading and most diverse derivatives marketplace, today announced a collaboration to transform the way that market participants can trade gold. The Royal Mint, a 1,000-year-old institution owned by HM Treasury, has partnered with CME Group to build and launch a digitised gold offering called Royal Mint Gold (RMG). RMG will change the way traders and investors trade, execute and settle gold. The innovative new product, launching in 2017, will see The Royal Mint issue RMG as a digital record of ownership for gold stored at its highly-secure on-site bullion vault storage facility. CME Group will develop, implement and operate the product's digital trading platform. Taken together, this new service will provide an easier, cost-effective and cryptographically secure alternative to buying, holding and trading spot gold. Commenting on the announcement, Vin Wijeratne, CFO of The Royal Mint, said, "The Royal Mint has a unique history and a trusted reputation earned over many centuries trading in gold but until now, there hasn't been a way to digitally trade physical gold. "Developing a trading platform with CME Group will satisfy customer demands for faster, cost effective and secure ways to buy, hold and sell gold and complement our existing products. This landmark partnership allows us to combine the world's leading mint, the best futures trading platform globally and best in class technology." David Janczewski, Director of New Business at The Royal Mint said, "Distributed ledger technology is a game changer and supplying gold on a blockchain has been on our minds for some time, but only after partnering with CME Group did we feel we had the right fit and proposition. -
Global Cryptoasset Regulatory Landscape Study
GLOBAL CRYPTOASSET REGULATORY LANDSCAPE STUDY Apolline Blandin, Ann Sofie Cloots, Hatim Hussain, Michel Rauchs, Rasheed Saleuddin, Jason Grant Allen, Bryan Zhang, Katherine Cloud with the support of Disclaimer: Data for this report have been gathered from a substantial number of sources, including in-person interviews and desktop research for a large number of jurisdictions. While every reasonable effort has been made to verify the source and accuracy of the data collected, the research team cannot exclude potential errors and omissions. This report should not be considered to provide legal or investment advice. Opinions expressed in this report reflect those of the authors and not necessarily those of their respective institutions. TABLE OF CONTENTS FOREWORDS ..................................................................................................................................................5 RESEARCH TEAM ..........................................................................................................................................7 ACKNOWLEDGEMENTS ............................................................................................................................9 METHODOLOGY AND REPORT STRUCTURE ..............................................................................10 EXECUTIVE SUMMARY ...........................................................................................................................12 SECTION 1: KEY CONCEPTS ................................................................................................................ -
Metadata of the Chapter That Will Be Visualized in Springerlink
Metadata of the chapter that will be visualized in SpringerLink Book Title Scientific and Technical Revolution: Yesterday, Today and Tomorrow Series Title Chapter Title Tokens: Actual Problems of Determining the Legal Status and Classification Copyright Year 2020 Copyright HolderName Springer Nature Switzerland AG Corresponding Author Family Name Odintsov Particle Given Name Stanislav V. Prefix Suffix Role Division Organization RUDN University Address Moscow, Russia Email [email protected] ORCID http://orcid.org/0000-0002-3403-3519 Author Family Name Koncheva Particle Given Name Valentina A. Prefix Suffix Role Division Organization RUDN University Address Moscow, Russia Email [email protected] ORCID http://orcid.org/0000-0002-9919-388X Author Family Name Trubina Particle Given Name Marina V. Prefix Suffix Role Division Organization “Ingosstrakh” Address Moscow, Russia Email [email protected] Abstract The subject of the study in this article is the tokens used today as part of the “blockchain” systems, as well as the relevant analysis of their legal regulation. Blockchain technology is one of the most promising areas in the field of digital economy, which continues to constantly and actively develop. The use of tokens as a means of payment in blockchain systems is becoming increasingly relevant. However, it should be noted that in this area, practice has significantly outstripped legal regulation. In the current civil (commercial) law relatively recently began to develop provisions defining the features of the turnover of the so-called digital assets, and this regulation is not deployed. This regulation is introduced today rather cautiously: among the objects of civil rights there are normative formulations of the tangent of digital rights, and this legislative regulation is not detailed. -
Blockchain Schafft Web 3.0, Verhindert Zensur,Bitcoin Oder Blockchain?,Kryptowährungen Erobern Zuerst Emerging Markets,Zukunft
Blockchain schafft Web 3.0, verhindert Zensur In den USA verklagt ein Abgeordneter des Repräsentantenhauses den Plattformbetreiber Twitter auf 250 Millionen US-Dollar, weil er der Ansicht ist, dass Tweets von ihm politisch motiviert unterdrückt werden. Ein Whistleblower aus dem Hause Facebook machte öffentlich, dass Mark Zuckerbergs Social-Media-Gigant Algorithmen entwickelt hat, um bestimmte Inhalte zu „deboosten“, also als nicht wichtig einzustufen. Das soll ihre Verbreitung und ihr Erscheinungsbild in den Newsfeeds einschränken. Das sei angeblich politisch motiviert und daher heimliche Zensur. Auch in Europa geht mit der geplanten Urheberrechtsreform die Sorge einher, dass durch sogenannte Upload-Filter der Internet- Plattformen das Recht zur freien Meinungsäußerung eingeschränkt wird. Manche sprechen hier vom Startschuss für Zensur im großen Stil. Das alles zeigt die Macht der großen zentralisierten Plattform-Giganten und könnte zu einem ernsten Problem werden. Dezentrale Organisation im Internet Prinzipiell ist das Internet nach wie vor dezentral organisiert, denn es gehört niemandem. Allerdings werden wichtige Teile mittlerweile von zentralisierten Unternehmen zur Verfügung gestellt. Egal ob Internet-Service-Provider, Suchmaschinen, E- Mail-Versand, Web-Hosting oder soziale Medien – alle Dienste werden mittlerweile von einigen wenigen, sehr großen Unternehmen kontrolliert. Auch wenn die Kommunikation direkt und nach dem Peer-to-Peer- Modell stattfindet, läuft das Business stets über einen Mittelsmann. Wer zum Beispiel etwas von einem anderen Nutzer auf Ebay kauft, ist dabei auf die Abwickelung durch Ebay als Mittelsmann angewiesen. Der Grund ist simpel: Plattformen haben sich als Dienstleister etabliert. Sie regeln die Interaktion zwischen Nutzern und Unternehmen. Sie bringen Teilnehmer zusammen, welche sich unter Umständen gar nicht persönlich kennen und sich daher nicht gegenseitig vertrauen können. -
Distributed Ledger Technologies/Blockchain: Challenges, Opportunities and the Prospects for Standards
Overview Report Distributed Ledger Technologies/Blockchain: Challenges, opportunities and the prospects for standards Advait Deshpande, Katherine Stewart, Louise Lepetit, Salil Gunashekar* *Corresponding author May 2017 Prepared for the British Standards Institution (BSI) Distributed Ledger Technologies/Blockchain: Challenges, opportunities and the prospects for standards All the data, software and documentation set out in all British Standards and other BSI publications are the property of and copyrighted by BSI, or some person or entity that owns copyright in the information used (such as the international standardization bodies) and has formally licensed such information to BSI for commercial publication and use. Except as permitted under the Copyright, Designs and Patents Act 1988 no extract may be reproduced, stored in a retrieval system or transmitted in any form or by any means – electronic, photocopying, recording or otherwise – without prior written permission from BSI. Details and advice can be obtained from the Copyright & Licensing Department. © 2017 BSI. All rights reserved ii bsigroup.com Table of Contents Preface iv Acknowledgments from RAND Europe v Background and context 1 Study design and methods 5 Limitations of the analysis 6 Assessing the challenges and opportunities in relation to DLT/Blockchain 7 The prospective role of standards to support DLT/BLockchain 16 Concluding remarks 23 Bibliography 25 Appendix A: Methodological approach 33 iii Distributed Ledger Technologies/Blockchain: Challenges, opportunities and the prospects for standards Preface RAND Europe was commissioned by the British Standards Institution (BSI) in January 2017 to carry out a rapid scoping study to examine the potential role of standards in supporting Distributed Ledger Technologies (DLT)/Blockchain. -
MIT 15.S08 S20 Class 5: Blockchain Technology & Cryptocurriences
FinTech: Shaping the Financial World April 13, 2020 1 Class 5: Overview • The Internet and the Payment Riddle • Money • Satoshi Nakamoto’s Innovation • Crypto Markets • Blockchain Technology Use Cases • Challenges & Assessing Viability of Use Cases • Central Bank Digital Currencies • Ground Truths 2 Class 5: Readings • 'Even if a Thousand Projects Don’t Make It, Blockchain Is Still a Change Catalyst' Gensler, CoinDesk • ‘Economics of Money & Blockchain Technology and Evaluating Projects’ MIT Cryptocurrency Online Course • ‘Responses from Big Finance’ MIT Cryptocurrency Online Course • 'The technology of retail central bank digital currency' Bank of International Settlement 3 Class 5: Study Questions • How does Bitcoin fit within the history of money, the emergence of the Internet and failed attempts of cryptographic payment systems? • What are the strategic and tactical considerations in assessing the viability and value proposition of a Blockchain technology project? How can you separate rigorous analysis from mere assertion and hype in the blockchain ecosystem? • What strategic considerations should go into Central Banks thinking of expanding access to digital reserves through central Bank digital currency (CBDC)? 4 Sandra Bullock5 ‘The Net’ opening scene 1995 © Columbia Pictures. All rights reserved. This content is excluded from our Creative Commons license. For more information, see https://ocw.mit.edu/help/faq-fair-use/ Internet and the Payments Riddle • How to Move Value on the Internet • Securely • As a Packet of Data – Peer to Peer • Efficiently • While ProhiBiting DouBle Spending 6 Early Cryptographic Digital Currencies … Failed Notable Efforts • DigiCash (1994), Mondex (1994), CyBerCash (1994) • E-gold (1996), Hashcash (1997) • Bit Gold (1998), B-Money (1998), Lucre (1999) Hurdles • Merchant adoption • Centralization • DouBle Spending • Consensus 7 Early Digital & Mobile Payment Solutions Secure Socket Layer Cryptographic Protocols for SSL / TLS - 1996 Transport Layer Security Secure Network Communication 1998 1999 2003 2007 © Various sources. -
Laporan Tahunan Coingecko Tahun 2018
Laporan Tahunan CoinGecko Tahun 2018 Diterjemahkan oleh Daftar Isi: CATATAN EDITOR 4 PERISTIWA BESAR Q4 19 TOKEN SEKURITAS 49 CATATAN FOUNDER 5 PENCURI KRIPTO 21 MASTERNODES 58 DINAMIKA MARKET 6 ULASAN ICO 23 TOKEN NON-FUNGIBLE 62 Overview Pasar Returns Distribusi STABLECOINS 30 LAMPIRAN 68 Kondisi Harga Sejak All-Time-High Ranking Top-30 Kategori Top-100 PEMISAHAN BITCOIN CASH 38 Berkolaborasi dengan: Aktivitas Developer Lightning Network BURSA KRIPTO 16 DECENTRALIZED APPS 42 2 Hak Cipta © 2019 CoinGecko. Hak Cipta Dilindungi Undang-undang. Tidak ada dari bagian laporan ini yang dapat direproduksi, disalin, dipinjamkan dan digunakan oleh pembaca untuk memberikan saran kepada orang lain atau badan tertentu.. Semua gambar, grafik, dan representasi grafik didasarkan pada data yang diambil dari www.coingecko.com (yang berasal dari sumber pihak ketiga) kecuali dinyatakan lain. Pemberitahuan Penting: Meskipun kami telah melakukan segala upaya untuk memastikan data dan informasi diperoleh dari sumber yang dapat dipercaya dan disajikan dengan cara yang paling akurat, CoinGecko tidak bertanggung jawab atas kesalahan atau kelalaian, atau untuk analisis, laporan, dan hasil sebagaimana dinyatakan di sini. Semua informasi dalam laporan ini diberikan "sebagaimana adanya", tanpa jaminan apa pun, termasuk tanpa batasan, kelengkapan, keakuratan, dan ketepatan waktu. Semua informasi yang dinyatakan di sini hanya mencerminkan pendapat CoinGecko sebagai agregator dari informasi yang tersedia untuk umum, dan tidak dengan cara apa pun mengindikasikan nasihat keuangan atau nasihat profesional lainnya yang memerlukan lisensi. Tidak ada yang tersirat dalam laporan ini yang dapat menggantikan penilaian teknis dan bisnis yang sehat dari pembaca yang disarankan untuk menggunakan kebijaksanaan, melakukan pemeriksaan sendiri lebih lanjut, dan mencari nasihat profesional sebelum mengandalkan informasi apa pun di sini.