Crypto-finance beyond the ‘boom’

Traditional financial players should not violate the core values of crypto-finance, such as decentralisation and community, as they delve deeper into the new digital world, argues Alexis Roussel, co-founder and CEO of Swiss crypto exchange Bity.com. Crypto-finance is coming out of the woods but governments, banks and industry players in the global financial system need to make sure they understand its core values. The skyrocketing bitcoin price at the end of 2017 got the financial world talking about the credibility of cryptocurrencies in finance.  Even traditional financial exchanges like CBOE, CME Group and Nasdaq, which began listing Bitcoin futures earlier this year, are capitalising on the unprecedented rise of the bitcoin price. But, they’re missing the point of bitcoin.  They criticise bitcoin for being a highly speculative investment, yet futures are essentially for speculation only, unless you are a miner or large consumer of bitcoin. There is more to the hype and ...

 
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