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In her dark-side analysis, she highlighted reasons as to why she feels cryptocurrency is a dangerous affair, though while doing so she hinted at loving the technology.
The same reason crypto-assets—or what some people call crypto-currencies—are so appealing is also what makes them dangerous. These digital offerings are typically built in a decentralized way and without the need for a central bank. This gives crypto-asset transactions an element of anonymity, much like cash transactions.
The result is a potentially major new vehicle for money laundering and the financing of terrorism. -Excerpt from Addressing the Dark Side of the Crypto World
Now in her latest publication, made on the 16th, France's former finance minister was all motherly about the currency, she was particular about making known that she sees potentials that should not be utterly slapped out in the growing field of blockchain innovation, as she highlighted some of its benefits that are just outright awesome, like how it is fast and inexpensive. (Like I agree on that mama, that candy doesn't cost us paper and there's no way I am getting a torn or battered 100naira worth of bitcoin.)
But she still made it known that she still believes for cryptocurrency to really play a major role in the developing the world's financial sector, it must attain some form of legality so as to be really trustworthy.
Before crypto-assets can transform financial activity in a meaningful and lasting way, they must earn the confidence and support of consumers and authorities. An important initial step will be to reach a consensus within the global regulatory community on the role crypto-assets should play. Because crypto-assets know no boundaries, international cooperation will be essential. - Excerpt from An Even-handed Approach to Crypto-Assets
With a big shot such as hers being unbiased as regards analysis on the Bitcoin led revolutionary system, I think it's only time before Bitcoin becomes even a greener pasture and my buddy buying a suit for 0.003 last year becomes a thing of the norm, meanwhile, might it just be a snare come actualized if bitcoin goes totally legal and regulated by the government? (as in, dem monkey and snake go start to dey yarn ontop the matter). What do you think? you can make your opinion known via the comment section.
Good evening.
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