J. Christopher Giancarlo is Chairman at U.S. Commodity Futures Trading Commission, the agency of the US government that regulates futures and options markets.
The proposition is that broad and sustained prosperity generally occurs wherever in the world there are open and competitive markets, free of political interference, combined with free enterprise, personal choice, voluntary exchange and legal protection of person and property.
Free markets and innovation are natural partners in this respect.
Under free market capitalism, well-regulated and well-ordered trading activity is considered a forum of human self-expression and economic advancement.
For an emerging generation fascinated by crowdsourcing, free capital markets are the ultimate in crowd-sourced decision making.
Free market capitalism is not a source of misery and oppression; free market capitalism is the antidote.
We must disabuse ourselves, our peers, and future generations of the notion that there is anything attractive or aspirational about political control of markets and human enterprise.
Free markets should be the natural choice of today's innovators, who today are striving to build bright and better futures.
I personally hope that we can renew faith in free markets for ourselves and our children.
With the proper balance of sound policy, regulatory oversight, private sector innovation and a little bit of courage, new technologies and global trading methodologies will lead our markets to evolve in responsible ways, and continue to grow the economy and create a future of untethered aspiration, a future where creativity and economic expression is a social good in its own right, a source of human growth and advancement.
Free Markets and the Future of Blockchain
gepubliceerd op May 15, 2019
by Coindesk | gepubliceerd op Coinage
Cryptocurrency exchanges see massive increase in monthly trading volume, bull market solidifying
CryptoCompare, a leading provider of cryptocurrency data and indices, found that the top 15 exchanges all experienced an increase in monthly volume.
Worldwide crypto acceptance is within reach thanks to Coinbase Commerce's USDC stablecoin integration
Crypto as a method of payment has just gotten easier.
Zimbabwe Stock Exchange Eyes Blockchain-Based Products, Needs Regulatory Clarity
"Then there is the money side to blockchain technology. This is a bit difficult, in terms of regulation, we are not yet clear on this and we do not want to do something where regulation is not clear as an exchange. But the technology side is very good."
UK Watchdog Reports $34 Million Lost in Crypto and Forex Scams Last Year
The primary financial regulator of the United Kingdom, the Financial Conduct Authority, reports that crypto investors in the country lost over $34 million due to cryptocurrency and forex scams from 2018-2019 the Financial Times reports on May 20.According to the data, which the FCA gathered from the U.K. national fraud and cybercrime reporting center, Action Fraud, individual loss due to scams decreased from $76,000 to $18,500 while total losses fell by $14 million.