Two sides of the American coin just got revealed while all stocks can soom turn to be blockchain tokens
Crypto Business World
CBW -External Analyst
Oct, 13 2020
In today’s time, the demand for new assets has grown quite a lot. Well, we can rather say it has reached beyond the capital markets. In different industries be it the healthcare, insurance and even the real estate it is important to regulate the marketplace while making sure the innovation is not stifled. Currently, the blockchain and regulators leaders need to work together to come up with the solution that would offer assist digitalization growth.
The panelists who explained it well
To explain further, in the webinar yesterday, the securrency's chief first introduced the panelists who were Jackson Mueller – Director, Policy & Government Relations, Securrency (Moderator), Brian Brooks – Acting Comptroller of the Currency, and Jay Clayton – Chairman, U.S. Securities and Exchange Commission.
The discussion that was effectively made:
Two sides of the American coin were discussed. It was all about the innovation and regulation of the digital asset. In the discussion, it was eventually decided that for reaching the complete potential, it is important for the industry to embrace compliance. This included three crucial pointers. the first one highlighted that self-governance is important. This way the weak links in the chain could possibly be eliminated. Secondly, it is expected that the securrency's policy engineer and compliance need to be followed. There are certain tools that are emerging. These tools basically have come out to be a simple source along with automating the regulatory compliance that can be noted in the blockchain transaction. The third panel that was discussed was about regulatory engagement. It is all about working with the regulations to make sure the market sounds safe and is completely transparent. This makes the market quite accessible as well.
Jay Clayton Words on blockchain technology stated that stock trading has turned to be electronic which down the line 20 years earlier was not possible. While the past stock certificates are now the digital entries but it is soon expected to get tokenized. Clayton also pointed out that technology might change but the principles certain activities’ underlined would just remain the same.
With development and demand for new assets, the discussion indeed turned out to be a fruitful one since clayton was highlighting the promise of blockchain technology with distributed ledger technology which is now seems to be quite efficient.
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Crypto Business World
CBW - External Analyst