Today I read information that a G7 report on cryptocurrency was published.
The authors of this document stated that bitcoin and other cryptocurrencies are not reliable means of payment and seem dangerous for storage.
Nevertheless, the report refers to the fact that stable coins are the exception and that such coins have real potential for everyday use.
The team that conducted the research turned up that not a single global project of stable coins can be legally used until the relevant laws are adopted for control, regulation, etc.
But the document also mentions that Bitcoin and other cryptocurrencies are still a highly speculative asset class.
Guys, I ask you to comment on this matter. After all, many are interested in the question of how exactly the G7 report will affect the entire cryptocurrency market.
They are right there is no team which has actually made a fortune out of the project. Almost all ICOs around the world were incorporated raised funds and then never turned back to report anything. Neither they made anything good and nor they showed any reports on where these funds went. I am really curious to know what will be the reporting standards for such corporations because money over blockchain is still people's money and no matter how much p2p it is you must show proper statements regarding utilization of those funds.