Bitcoin Forum
October 18, 2018, 02:03:32 AM *
News: Make sure you are not using versions of Bitcoin Core other than 0.17.0 [Torrent], 0.16.3, 0.15.2, or 0.14.3. More info.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: [2018-06-08] Virtual Currencies to Become “Part of the Economic Practices” of Al  (Read 44 times)
Terraformer
Sr. Member
****
Offline Offline

Activity: 546
Merit: 251


BQT - Social P2P Crypto Exchange


View Profile
June 08, 2018, 05:29:45 AM
 #1

United States Commodities Futures Trading Commission (CFTC) commissioner, Rostin Behnam recently gave a speech in which he predicted that “virtual currencies […] will become part of the economic practices of any country.” The CFTC commissioner predicted that cryptocurrencies will have a transformative effect in providing financial services to unbanked populations, and undermine corruption through increasing financial transparency.

“Cryptocurrencies Will Proliferate to Every Economy and Every Part of the Planet” – CFTC Commissioner, Rostin Behnam

Whilst speaking at the recent BFI Summit at the United Nations Plaza in New York, CFTC Commissioner, Rostin Behnam, expressed his belief that virtual currencies will be integrated into the economic practices of all nations.

Mr. Behnam stated that “virtual currencies may – will – become part of the economic practices of any country, anywhere. Let me repeat that: these currencies are not going away and they will proliferate to every economy and every part of the planet. Some places, small economies, may become dependent on virtual assets for survival. And, these currencies will be outside traditional monetary intermediaries, like government, banks, investors, ministries, or international organizations.”

Continue reading >> https://news.bitcoin.com/virtual-currencies-become-part-economics-practices-nations-cftc-commissione/


       █
      ██
     ██
   ██ ██
 █ ██ ██
██ ██ ██
██ ██ ██
██ ██ ██
██ ██ ██
██ ██ ██
   
       █
      ██
     ██
   ██ ██
 █ ██ ██
██ ██ ██
██ ██ ██
██ ██ ██
██ ██ ██
██ ██ ██
  B

          ▄▄▄▄▄▄
     ▄▄████████████▄▄
   ▄█████▀▀    ▀▀█████▄
  ████▀            ▀████
 ████                ████
▐███                  ███▌
███▌                  ▐███
▐███           ▄▄     ███▌
 ████         ▀███▄  ▐███
  ████▄         ▀███▄███
   ▀█████▄▄     ▄█████▀
     ▀▀████████████▀▀
          ▀▀▀▀▀▀
T 
Better. Quick.

Transparent.






             ▄████▄▄   ▄
█▄          ██████████▀▄
███        ███████████▀
▐████▄     ██████████▌
▄▄██████▄▄▄▄█████████▌
▀████████████████████
  ▀█████████████████
  ▄▄███████████████
   ▀█████████████▀
    ▄▄█████████▀
▀▀██████████▀
    ▀▀▀▀▀






▄█████████████████████████▄
███████████████████████████
███████████████▀       ████
██████████████      ▄▄▄████
██████████████    ▐████████
██████████████    ▐████████
██████████            ▐████
██████████            █████
██████████████    ▐████████
██████████████    ▐████████
██████████████    ▐████████
▀█████████████    ▐███████▀






                   ▄▄████
              ▄▄████████▌
         ▄▄█████████▀███
    ▄▄██████████▀▀ ▄███▌
▄████████████▀▀  ▄█████
▀▀▀███████▀   ▄███████▌
      ██    ▄█████████
       █  ▄██████████▌
       █  ███████████
       █ ██▀ ▀██████▌
       ██▀     ▀████
                 ▀█▌
1539828212
Hero Member
*
Offline Offline

Posts: 1539828212

View Profile Personal Message (Offline)

Ignore
1539828212
Reply with quote  #2

1539828212
Report to moderator
1539828212
Hero Member
*
Offline Offline

Posts: 1539828212

View Profile Personal Message (Offline)

Ignore
1539828212
Reply with quote  #2

1539828212
Report to moderator
1539828212
Hero Member
*
Offline Offline

Posts: 1539828212

View Profile Personal Message (Offline)

Ignore
1539828212
Reply with quote  #2

1539828212
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1539828212
Hero Member
*
Offline Offline

Posts: 1539828212

View Profile Personal Message (Offline)

Ignore
1539828212
Reply with quote  #2

1539828212
Report to moderator
1539828212
Hero Member
*
Offline Offline

Posts: 1539828212

View Profile Personal Message (Offline)

Ignore
1539828212
Reply with quote  #2

1539828212
Report to moderator
Krishniche
Jr. Member
*
Offline Offline

Activity: 75
Merit: 1

We provide End to End ICO Services


View Profile
June 08, 2018, 07:10:10 AM
 #2

His views are an eye opener for those who witness cryptocurrencies as some phishing scheme to and a gateway to illegal activities. Although the truth being that it can serve a large population which lacks access to banks.
WaitingToGetPaid
Member
**
Offline Offline

Activity: 273
Merit: 10

ImmVRse | Disrupting the VR industry


View Profile WWW
June 08, 2018, 09:31:28 AM
 #3

I agree that "virtual currencies may  become part of the economic practices of any country". To achieve this goal, it will be necessary not only to create national legislation on cryptocurrencies, but also to develop international principles of cryptocurrency turnover.


hatshepsut93
Hero Member
*****
Offline Offline

Activity: 938
Merit: 601


Vires in numeris


View Profile
June 10, 2018, 09:47:18 AM
 #4

United States Commodities Futures Trading Commission (CFTC) commissioner, Rostin Behnam recently gave a speech in which he predicted that “virtual currencies […] will become part of the economic practices of any country.” The CFTC commissioner predicted that cryptocurrencies will have a transformative effect in providing financial services to unbanked populations, and undermine corruption through increasing financial transparency.


Cryptocurrencies are already connecting the unbanked to global economy, or at least to crypto economy. While it's bad that they often help to boost social media presence of ICO scams by participating in bounty campaigns, at the same time they are earning money that help feeding their families. I hope that in the future people would be more focused on Bitcoin freelancing and wage jobs, since they are much more useful and sustainable than bounty campaigns.

But as for cryptocurrencies for fightning corruption, I don't believe in that, since it would require their adoption on the government level, and it's very unlikely to happen. And even then, there will be lots of loopholes left, so cryptocurrencies can solve this problem on their own.

TianaStam
Member
**
Offline Offline

Activity: 231
Merit: 11


View Profile
June 10, 2018, 10:45:17 AM
 #5

There is no doubt that for some countries it really will, but to any...  What about such countries as Bangladesh who's regulation of crypto use is really rough from the most beginning? Do you guys think that they may change their position towards crypto one day?

TRADE, EARN & OWN THE EXCHANGE           M o o n X           [    ●    JOIN ICO   -   S O O N    ●    ]
──────────     WHITEPAPER     FACEBOOK     TWITTER     LINKEDIN     TELEGRAM     CRUNCHBASE     ──────────
►   No Trading or ICO Listing Fees      ►   Superior to Nasdaq & LSE       ►   US$ 29M Raised in 2 Weeks!
entrepmind23
Sr. Member
****
Offline Offline

Activity: 602
Merit: 261


View Profile
June 10, 2018, 12:08:43 PM
 #6

There is no doubt that for some countries it really will, but to any...  What about such countries as Bangladesh who's regulation of crypto use is really rough from the most beginning? Do you guys think that they may change their position towards crypto one day?

I believe so. If all other countries in the world are already welcoming cryptocurrencies with open arms then they may change their stance towards cryptocurrency. There are many countries that are still closing their doors toward crypto but the statement of CFTC is indeed an eye opener that cryptocurrency is already part of the economy and it is not going anywhere anytime soon. Many are already benefiting from cryptocurrency and although the legal implications about it is still questionable, some countries are taking positive stance about it which would be followed eventually by others in the future.

bustadice         ▄▄████████████▄▄
     ▄▄████████▀▀▀▀████████▄▄
   ▄███████████    ███████████▄
  █████    ████▄▄▄▄████    █████
 ██████    ████████▀▀██    ██████
██████████████████   █████████████
█████████████████▌  ▐█████████████
███    ██████████   ███████    ███
███    ████████▀   ▐███████    ███
██████████████      ██████████████
██████████████      ██████████████
 ██████████████▄▄▄▄██████████████
  ▀████████████████████████████▀
                     ▄▄███████▄▄
                  ▄███████████████▄
   ███████████  ▄████▀▀       ▀▀████▄
               ████▀      ██     ▀████
 ███████████  ████        ██       ████
             ████         ██        ████
███████████  ████     ▄▄▄▄██        ████
             ████     ▀▀▀▀▀▀        ████
 ███████████  ████                 ████
               ████▄             ▄████
   ███████████  ▀████▄▄       ▄▄████▀
                  ▀███████████████▀
                     ▀▀███████▀▀
           ▄██▄
           ████
            ██
            ▀▀
 ▄██████████████████████▄
██████▀▀██████████▀▀██████
█████    ████████    █████
█████▄  ▄████████▄  ▄█████
██████████████████████████
██████████████████████████
    ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
    ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
       ████████████
[bustadice.
Play
bustadice]
kevoh
Full Member
***
Offline Offline

Activity: 378
Merit: 110


View Profile
June 10, 2018, 05:28:08 PM
 #7

There is no doubt that for some countries it really will, but to any...  What about such countries as Bangladesh who's regulation of crypto use is really rough from the most beginning? Do you guys think that they may change their position towards crypto one day?
Maybe in the future when crypto has achieved 100% massive adoption especially in developped countries then Bangladesh government might change their stance but for now it's quite unsafe to be a Bitcoin user as the Bangladeshi Police are literally hunting down crypto users.
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!