I shall believe that the future of Trading on blockchain technology will surpass all that are not related to blockchain.
I would expect in few years time, a Blockchain technology based exchange that would pass on SEC rules and would allow trading of not just digital currencies but stocks.
It should have an advantage to the older exchanges.
This is a big task or vision and it all depends on if the blockchain is accepted as we all know the government don't support anything they cannot promote.
Actually Government don't support anything they can't control. And blockchain is beyond anyones control!
Hopefully they will soon realize the power of blockchain and give their support toward it!
Yea, that's what they made the public to believe but behind close doors, government officials are the ones actually patronizing the industry, identities can not be tracked when it comes to blockchain, so they see it as a means to migrate funds without been traced, the whole thing is just bigger than any of us but i intend to see the industry put to good use
We all have some fair idea of both advantages and disadvantages, if governments are supporting cryptos.
Big +ve point is, blockchain provides seamless , faster means for cashless economy, this is good to keep up real currencies.
Big -ve point is, seamless transfers to illegal activities too could take place, and on larger level, could impact real currency of impacting country.
They have no clue how to keep control over -ve part.
Thats where KYC comes into picture, and any major unfair deals could be tracked.
Good point. KYC is important to avoid illegal transaction/to stop money laundering cases. Without KYC it's impossible to control bad play.