[2016-05-20] Mint: Blockchain sends banking regulators back to basics

[polynesia]

Blockchain sends banking regulators back to basics

http://www.livemint.com/Money/VMtnDHP1M4vGWvLhSczoWO/Blockchain-sends-banking-regulators-back-to-basics.html

The ‘fintech’ sector hoping to revolutionise finance with the adoption of blockchain, or distributed ledger technology, is forcing global financial regulators to start looking at whether they need to change the rules governing markets and banking.

Regulators are now asking whether the blockchain computing process, which underpins the digital currency bitcoin, will have an impact on how they protect consumers and keep the financial system stable if something goes wrong, the Reuters Financial Regulation Summit heard this week.

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[dashingriddler]

Livemint is pure indian publication ?

[polynesia]

Livemint is pure indian publication ?

Yes. It is very popular amongst people in the financial sector.
It was initially launched in collaboration with WSJ.
You should buy a copy and check it out.

[cryptoheadd]

It's good to see people catching up with Blockchain in India.

[Josef27]

I like to see stuff like this .. It's like a drum beat that slowly getting louder, and louder.. progress

[polynesia]

I like to see stuff like this .. It's like a drum beat that slowly getting louder, and louder.. progress

Yes... Ecommerce was the buzz word till a few years ago.
Now you hear a lot more about Bitcoin and blockchain.

[bitcoinisfurture]

Making progress slow and steady is better than making a loud noise all of a sudden and leads to downfall later.