Dimon Dogs, and the Question of How to Get Fiat into Crypto by Liam Bussell
There’s obviously an issue. It’s not just the reaction to the ICO bubble, or China crackdown, but a larger question around governments and banks are looking at the cryptocurrency market and seeing warning signs of speculation, overheating and the ever present worry about KYC and money laundering.
Fair enough too, is what I think. A writer I respect, BitCrypto’ed coined a new term the other day. In the current climate, blockchain projects that want to be sustainable and integrate with traditional financial markets need to be TAF.
At OAX, we’ve been thinking a lot about this, which is why as we recruit for our Working Group we are talking to payments companies and KYC experts alongside potential Asset Gateways, and why we have prioritized a KYC/AML compliant fiat asset token as the first piece of the wider infrastructure puzzle we are trying to solve.
We think the time has come for the industry to take some steps on it’s own to grow up and put on it’s “Big Boy” pants.
Read the full article on Medium:
https://medium.com/@OAX_Foundation/dimon-dogs-and-the-question-of-how-to-get-fiat-into-crypto-403962cbefacYou may ask questions to Liam Bussel, OAX Head of Marketing during the AMA on our Slack:
OAX Dev AMA #1 - Project Discussion "Roadmap and Development" 4th October 2017 7AM HKT/7PM EST/12 AM GMT
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