Crypto Oasis’ Post

The approval of #Bitcoin #ETFs can attract institutional investors to the digital asset space. As institutional participation increases, #stablecoins may be needed to facilitate efficient and secure transactions within the digital asset ecosystem. Here is my assessment of the importance of stablecoins in on-chain Delivery versus Payment (#DvP) transactions, also known as "#atomic trades". Stablecoins play a vital role in conducting on-chain delivery versus payment (DvP) transactions, where smart contracts enable the #exchange of assets, such as #securitytokens , with means of payment, like payment tokens, in real-time. This type of transaction is also referred to as an "atomic trade". Stablecoins are preferable to "ordinary" #cryptocurrencies like Bitcoin or Ether as they reduce exchange-rate risks and simplify accounting processes due to lower volatility. However, the lack of a widely accepted, regulated stablecoin is an obstacle to mainstream adoption. Positive developments are underway with 11 central banks launching their #CBDC programs and 21 others in the pilot stage, indicating significant progress in the next few years. #centralbankdigitalcurrency #islamicfintech #islamicfinance #islamicbanking #islamiceconomy #tokenization #digitalasset #trading #settlement #paymentsinnovation #payment

ICBC, the world's largest bank, has released a groundbreaking study titled "In-depth Macroeconomic Analysis - The Division and Integration of Digital Currency," praising the unique qualities of Bitcoin and Ethereum. Key Insights: • Bitcoin vs. Gold: ICBC sees Bitcoin's mathematical consensus and digital scarcity as surpassing gold's limitations in divisibility and transportability. • Ethereum as Digital Oil: Highlighting Ethereum's programmability through smart contracts, ICBC recognizes its potential akin to digital oil despite challenges in security, scalability, and sustainability. • As global interest in cryptocurrencies intensifies, ICBC's perspective underscores the evolving role of digital assets in the financial landscape. Stay informed with the full analysis. Read the full article below👇🏻 Link: https://lnkd.in/eg957U4j

Vast Bank leaves the crypto realm after regulatory challenges. Experts ponder the impacts on traditional banking and crypto services integration. @VastBank #Cryptocurrency #BankingRegulation #Fintech News #fintech #banking #tech https://lnkd.in/eXf3Gwcj

WBD756 - Banking Bitcoin with Allen Farrington & Eric Yakes. We discuss: - Bitcoin's potential as a neutral monetary system - Scaling Bitcoin with new technologies & protocols - The risk & reward of decentralized money - Bitcoin price predictions “We need to build a system that is not going to create any sort of systemic centralisation and the incentives are aligned so that doesn’t happen, that can defend us against fiat money; now the question of whether or not fractional reserve money still emerges in that system is another debate.” — Eric Yakes

Cryptocurrency, being decentralized and digital, offers a potential solution to financial inclusion challenges. Its digital nature allows storage and transfer without the need for physical banking infrastructure, benefiting individuals in remote areas without access to traditional banks. Beyond basic banking, cryptocurrencies streamline cross-border payments, particularly aiding migrant workers. Moreover, they facilitate alternative financial services like loans and insurance, reducing costs. The decentralized and transparent ledger of cryptocurrencies enhances financial transparency, potentially mitigating corruption and building trust in global financial systems. Smart contracts further automate financial agreements, diminishing the reliance on intermediaries. Cryptocurrency holds promise in promoting financial inclusion by extending banking services to the unbanked. Additionally, it offers a potential solution for the underbanked, individuals with bank accounts but limited access to traditional financial services due to factors like low income or poor credit history, making them ineligible for conventional loans or credit cards. #decentralizedfinance #financialtechnology #blockchainsolutions #globaleconomy #financialliteracy #futureoffinance

Ethereum as a Central Bank There’s a key aspect of Ethereum’s recent developments that I believe you’re missing. Since transaction fees impact monetary policy, any technological change that affects fees also affects monetary policy. In essence, #Ethereum is indirectly acting as the central bank of its own ecosystem. While this might be advantageous from a technological standpoint, it contradicts the "ultra sound money" narrative. Fine-tuning the system every 3-6-12 months is, in my opinion, an unsustainable pace if we are to consider Ether as “money”. On the other hand, if the goal is to create the “mega computer,” then this approach may be fine. However, don't expect the same from #Bitcoin , which fortunately has a different objective. PS: Yes, any push for more rapid changes to #Bitcoin should be considered an attack until proven otherwise.

Lado Okhotnikov: CBDC Is a Trap!   “The Federal Reserve can print as much cash as it wants but before it will spend money on paint, paper and labor. Digital money can be issued at least every day. At the same time they cannot be forged and this is important. That is why they are trying to implement CBDC so quickly,” Lado Okhotnikov says that although digital money is safe, free cheese is only found in a mousetrap.   By owning cash you become independent. And when banknotes are withdrawn from circulation, and instead everyone is given a bank account, then it will become easier to manage you.   Robert Kiyosaki, “Bitcoin, silver and gold are real cash for me. Everything else is trash."   Vladimir Okhotnikov aka Lado believes that monitoring the budget is a direct interference in personal life, “It is unacceptable when some clerk knows about wealth, who has nothing to do with you. For example, I do not want my personal life to become public. It must be inviolable, and that’s it."   Who knows for what purposes the bank will use the information about your financial transactions. Where is the guarantee that this will not be used against you?   Lado has already said that DeFi is not difficult, “You don’t need to understand how decentralized finance works, just use it and that’s it.”   #BTC #CBDC #Crypto #Blockchain #Gold #Silver #Money #Private #SEC  

What are Crypto Assets? Here is a brief explanation from a very credible and reliable source, the Bank of England: There are thousands of different types of cryptoassets out there – or as you might know them, cryptocurrencies. You’ve probably heard of a few – Bitcoin, Ripple, Litecoin and Ethereum have all been mentioned in the news recently. But what exactly is it? Well, let’s start by breaking down the word ‘cryptocurrency’. The first part of the word, ‘crypto’, means ‘hidden’ or ‘secret’ reflecting the secure technology used to record who owns what, and for making payments between users. The second part of the word, ‘currency,’ tells us the reason cryptocurrencies were designed in the first place: a type of electronic cash. But cryptocurrencies aren’t like the cash we carry. They exist electronically and use a peer-to-peer system. There is no central bank or government to manage the system or step in if something goes wrong. Some people find this appealing because they think they have more control over their funds but in reality, there are significant risks. With no banks or central authority protecting you, if your funds are stolen, no one is responsible for helping you get your money back. 'Source: Bank of England Knowledge Bank 106

A perfect example when legacy players and officials do not understand or pretend to not understand the underlying philosophy of #Bitcoin and crypto. Having said that, there should be some quality, crystal clear and balanced MODERN regulation for anything that involves consumers and intermediaries, even in crypto/cryptech and not all legacy rules should apply to a new asset class. I don't think solid players are against that and would actually welcome it.

The financial institutions are not coming to #Bitcoin. They are here. In the past 45 days the following has happened: - HSBC announces digital assets custody services to institutional investors. - BlackRock Inc. Chief Executive Officer Larry Fink called #Bitcoin an “international asset” and he  believes “Bitcoin and crypto will play a role as a flight to quality”. -- Crypto market cap nears $1.5 trillion for the first time in nearly 2 years. With its widespread adoption and increasing mainstream acceptance, and despite regulatory uncertainty, several banks are now stepping into the crypto arena, offering innovative Bitcoin products to their customers. This development not only highlights the evolving nature of traditional banking but also presents exciting opportunities for both financial institutions and a new generation of #Bitcoin investors. I wrote about this recent push of global banks into Bitcoin and why traditional banks of all sizes should consider a #Bitcoin offering in Mango Digital Strategies's latest blog post. #bitcoin #digitalassets #bankinnovation #technology