Post by account_disabled on Mar 11, 2024 22:36:32 GMT -6
After the lawsuits involving FTX and Binance the part of the sector that is against state intervention seems to have suffered a reality check. The dream or utopia? of a supranational financial system that ensures full freedom in transactions had to be postponed due to problems attributable to the technology itself such as difficulties in the user experience for custody of cryptoassets and carrying out transactions without intermediaries the delay in reaching an adequate level of scalability and above all the lack of use cases with mass adoption by the general public.
Decentralization can be beneficial for several sectors beyond the financial market notably when it is necessary to share data securely between organizations and people who do not necessarily trust each other. However identification systems records of movable and immovable assets control of inputs in supply chains and other use cases have not yet had.
As entrepreneurs continue on their journey to develop — and make viable — this new market the year ends with public consultation No. published by the Central Bank. Instead of adopting Phone Number Data the traditional model of proposing draft standards accompanied by a statement of reasons the regulator of virtual assets in Brazil opted to request subsidies from the market by asking questions about the topics it considered to be most relevant.
These themes involve the segregation and protection of investor resources asset segregation delimiting the scope of services provided mitigating conflicts of interest outsourcing technology services hiring essential services mitigating risks and preventing practices abusive market manipulation money laundering etc..
For now despite the validity of Law No. the CVM's pronouncements and the initial efforts of the Central Bank significant uncertainties still persist regarding the increase in the scale of participation of traditional institutions. We are therefore in an experimental phase despite the figures already disbursed relevant in nominal value but still not very significant when compared with figures from the traditional market in terms of the volume of funding and business.
In we will see if the cryptoeconomy will break away once and for all from the cryptomania focused on empty tokens and slot machine transactions in search of significant appreciation in short periods.
Financial instruments must have an economic function helping to allocate resources exchange risks and finance production under penalty of being denatured into casino chips or lottery tickets. This applies to both the traditional capital market and the cryptoactive market.
Decentralization can be beneficial for several sectors beyond the financial market notably when it is necessary to share data securely between organizations and people who do not necessarily trust each other. However identification systems records of movable and immovable assets control of inputs in supply chains and other use cases have not yet had.
As entrepreneurs continue on their journey to develop — and make viable — this new market the year ends with public consultation No. published by the Central Bank. Instead of adopting Phone Number Data the traditional model of proposing draft standards accompanied by a statement of reasons the regulator of virtual assets in Brazil opted to request subsidies from the market by asking questions about the topics it considered to be most relevant.
These themes involve the segregation and protection of investor resources asset segregation delimiting the scope of services provided mitigating conflicts of interest outsourcing technology services hiring essential services mitigating risks and preventing practices abusive market manipulation money laundering etc..
For now despite the validity of Law No. the CVM's pronouncements and the initial efforts of the Central Bank significant uncertainties still persist regarding the increase in the scale of participation of traditional institutions. We are therefore in an experimental phase despite the figures already disbursed relevant in nominal value but still not very significant when compared with figures from the traditional market in terms of the volume of funding and business.
In we will see if the cryptoeconomy will break away once and for all from the cryptomania focused on empty tokens and slot machine transactions in search of significant appreciation in short periods.
Financial instruments must have an economic function helping to allocate resources exchange risks and finance production under penalty of being denatured into casino chips or lottery tickets. This applies to both the traditional capital market and the cryptoactive market.