Why Non-Compliance is Key to Bitcoin’s Success
Coinbase CEO Brian Armstrong argues that privacy advocates could gain the most from compliance since it will make them rich. But could non-compliance be even more lucrative for Bitcoin? Compliance Will Make Who Rich? Armstrong defines compliance as “working with regulators, law enforcement, banks, etc.” and touts the fact that as much as 20% of Coinbase....
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At VAF Compliance a team of experts is ready to help with all of your virtual assets compliance needs. Connect with VAF today; the leading virtual assets compliance company serving the Middle East and customers worldwide. What Is VAF Compliance? The crypto, NFT and metaverse spaces are hot and buzzing, with innovative products launched almost daily. Whilst having an industry swept with technological advancements is good, it is also necessary to ensure that the digital assets and the teams behind them are compliant. Being compliant in this sector means that organizations and investors can....
Binance USD (BUSD) has become one of the fastest-growing cryptocurrencies in the world, with a variety of use cases and growing demand amid the continued growth of the crypto markets. A key component to BUSD’s success is its unwavering compliance to the world’s most stringent regulatory standards, ensuring safety and security for all of the stablecoin’s users. Stablecoins have emerged as major players in the crypto market this year, driven by user demand for flexible liquidity in fiat currency terms. These cryptocurrencies, whose market values are pegged to the worth....
If there were a set of rules such that the people who followed them were rewarded in a way that increased with the total number of followers, then each person involved has the incentive to bring more in, and furthermore can expect everyone else involved to do the same. Regardless of any other merits the rules have, the mere prospect of rewards will make success more likely for them. I suggest that Bitcoin works like this. Yes, Bitcoin is a great as a payment system and so on, but I think its value as an investment prospect should be taken more seriously. If Bitcoin succeeds, then obviously....
BTCC China CEO Bobby Lee’s latest Twitter poll has cast light on the meteoric rise of Bitcoin price by over 1,000 times in just six years. ‘Global, Decentralized’ Nature Behind Bitcoin Success. With a market capitalization of over $20 billion as of 2017, respondents see Bitcoin’s “global and decentralized” nature as the main factor behind its success. 52% of the 1,300 takers of the survey selected the option, with 32% considering the digital currency being a “new store of value choice” as the principal reason. Speculation Influencing Bitcoin ‘Value’. While Lee received criticism for only....
Compliance, and Raising the FBAR. How to get your way, by giving in. Compliance regimes, by their nature are the auditing to a standard and the enforcement of rules of governance in a regulated environment. Compliance regimes will be found wherever there has been a third party harmed by activity outside of their control. Sometimes they are also found where businesses have attempted to erect barriers to entry into a market and have successfully lobbied for controls which they satisfy but may cause difficulty to smaller competition. There are compliance regimes for vast numbers of regulated....