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Browsing: regulation
Cryptocurrencies and the technology that enables them, blockchain, are here and they are here to stay.
They are not a fad. If there are circles, and there are many circles for that matter who still view them as a passing fad, then they are a fad that has been around for just over 14 years.
The first of the legions of cryptocurrencies, Bitcoin was invented in 2008 by a little known individual Satoshi Nakamoto. Protagonists of cryptocurrencies have touted the 14-year-old invention as humanity’s giant leap forward in financial innovation. Cryptocurrency’s longevity so far and its now widespread innovation, however, should not be taken as a ringing endorsement.
A loose definition of cryptocurrency is that it is a virtual currency designed to revolutionize peer to peer transactions without the need for an intermediary like a bank or a credit card agency, the exchange of personal information and or transaction …