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Author Topic: 2016-09-10: WEF Proposes Unrealistic Changes In Blockchain Regulation  (Read 164 times)
Nina Lyon
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September 10, 2016, 01:30:39 PM

The World Economic Forum (WEF) published  a report, on the 12th of August 2016,  that focuses on Blockchain development and “aggressive” new regulations applied to financial infrastructures. Bitcoin and Blockchain experts speaking to stated that these new regulations, realistically,  won’t be possible to enforce.

The WEF report by Peter Vanham described detailed  examples of blockchain usage within  financial infrastructures. One of the potential fields where blockchain technology could be applied is P&C Claims Processing. Even though the report looks promising and interesting for the financial sectors, some lawyers, regulators and bitcoin enthusiasts and experts still think that regulation could slow down or even stop blockchain development in certain financial fields.

Source Comments from experts here: - Media Outlet
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