RATE Group | Curb your scepticism, cryptocurrency can solve society’s problems
37240
post-template-default,single,single-post,postid-37240,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Curb your scepticism, cryptocurrency can solve society’s problems

01 Aug Curb your scepticism, cryptocurrency can solve society’s problems

Posted at 04:16h in Cryptocurrency News by

[ad_1]

The launch of a new cryptocurrency has become practically a weekly occurrence.

There are now around 1,900 cryptocurrencies in existence, and the overall industry is worth at least $710bn.

The amounts raised in Initial Coin Offerings (ICOs), the crypto equivalent of an IPO, can be eye-watering, often raising in excess of $100m.

Read more: Tory MP says UK needs a chief blockchain officer

This explosive growth and the sums involved have generated a strong dose of scepticism among many in government and other institutional authorities.

Global leaders have begun to raise a collective eyebrow. Theresa May told the World Economic Forum at Davos, that “we should be looking… very seriously” at criminals exploiting cryptocurrencies, while the US treasury secretary Steve Mnuchin has commented: “my number one focus on cryptocurrencies,…

[ad_2]

Source link

Tags:
, , , , ,