The Great Promises Of Web3

This is the first year that the IRS and other regulator tax regulators around the world are treating this asset in the same way they are treating stocks. I think there should transparency around the stablecoin, it should be signed. Of course, that has nothing to do with Bitcoin or any other coin but a signal that the regulators are now looking at payment systems like USDC. It will be a positive signal to the crypto market and I think some month. The pressure regulators are getting right now is high and it is certainly the number issue in financial services.

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This transparency act for a stable and digital commodity which have sitting around for a very long time is now getting new focus. It is better to move your asset off unregulated exchanges and put them in a cool wallet or a regulated exchange like Bitbuy in Canada. The company is regulated by the OSC which is just like SEC. Customers' assets can not be lent out, they are scrutinized by the regulators and they also have Proof of Asset. The industry can move forward with a regulation and the regulators are arguing about who should regulate.

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While they are arguing, we can't move forward and feel bad that we can attract institutional investors without compliance. Crypto is certainly not going away because it is too useful and offers a lot of services with transparency at a cheap cost than the traditional system. One of the great promises of web3 is that it should mass adoption of blockchain technology and all of the money that is going into web3 development to so that. Solving for the security of wallets, ease of wallets, and transparency of the blockchain. It will be interesting to have a downloadable app that can be used to store stablecoins and allow people to use it in countries that have adopted it with just cheap gas fees. It is because of the transaction fee that is why someone like Jamie Diamond is trying to talk crypto down.