Something to keep your eyes on when it comes to media. The G20 summit will happen in a matter of days march 19-20 to be exact. A clearer definition of regulatory frame work is expected to emerge from these talks. It would not surprise me if news from the ABTC team would follow. Its impossible too be certain, so this is a speculative analogy. Either way regulatory clarity will be beneficial. I expect there to be firm definition placed upon cryptos i.e. whether they exist in the security of commodity categories. Judging purely by existing definitions most currency type coins should fall into the commodity category. I believe these types of labels will assist the accredited and institutional investor in feeling more secure about the future of crypto. A clear regulatory frame work is essential if the masses are going to start providing use cases for digital currency. Keeping this mind ABTC has positioned itself to preemptively comply with any possible outcome. I truly believe I've invested in the right platform.
I completely agree with you that it's a key source of announcements and direction for the next 12-24 months. They have to come out with something.
It will be interesting to see if the G20 direct the OECD as they have in the past to come up with an overarching regulatory framework. Mind you anything they decide will take a long time to be implemented and would have to be passed as domestic regulations based on international standards. There is plenty of precedence for this.
So before that comes in there will be a complete mismatch of domestic regulations.
Which just means that there will be more opportunities for ABTC.
So many countries are playing regulatory catch up to try and attract business. Both France and Spain fall into this group.
Clear regulatory leaders are Singapore, Switzerland and UK.
One leading player to watch is Christine Lagarde, IMF Head. If anyone doubts this, read
https://blogs.imf.org/2018/03/13/addressing-the-dark-side-of-the-crypto-world/ I agree that implementation will lengthy. On the other hand the volatility and impulsive nature of crypto investors could help drive acceptance of ABTC. I believe that u.s. involvement in regulatory standards will give other countries an incentive to conform. The u.s. has always been a leader in this space, and many countries have adopted its framework. That being said there are several senators and financial leaders sympathetic to the crypto cause. It seems to be the general consensus not to stifle innovationawhen it comes to this new investment sector.
With that in mind. My hopes lie with the ability of innovative forward thinking participants to successfully convince there counterparts that a fair and broadbased framework is the way forward. But until they can come to a decision i fear instability will be the norm.
I have to say Crypto it's quite refreshing to communicate with an individual that doesn't make me want to reform our scholastic institutions. I think more intelligent debate is just what this forum needs.