Regulations may get more people interested in crypto. I come from India. Generally, government had taken fairly adverse stance against crypto and (hopefully) now warming up to the idea of earning tax revenues. Govt's stance has sort of set in panic among many who hold substantial amount in traditional fin products as in general people don't want unnecessary attention from tax authorities.
Samuel - interesting to read, appreciate the thoughts and agree with most views. Differ from you on two
in my opinion 8. overgeneralizes "unbanked". i.e. each country's unbanked population is different and is unbanked for different reasons. for ex in brazil retail banks can have predatory fees which is why some don't have bank accounts, not because they are poor.
Hi Kevin - re 8. thanks for clarifying. I am generalizing for brevity. re 9 interesting read. my contact at a bank involved suggested Ion hasn't panned out as hoped. we'll see!
Samuel - Great article / summary
Regulations may get more people interested in crypto. I come from India. Generally, government had taken fairly adverse stance against crypto and (hopefully) now warming up to the idea of earning tax revenues. Govt's stance has sort of set in panic among many who hold substantial amount in traditional fin products as in general people don't want unnecessary attention from tax authorities.
Samuel - interesting to read, appreciate the thoughts and agree with most views. Differ from you on two
in my opinion 8. overgeneralizes "unbanked". i.e. each country's unbanked population is different and is unbanked for different reasons. for ex in brazil retail banks can have predatory fees which is why some don't have bank accounts, not because they are poor.
and 9. E&Y is most biased consultant against private. Ion is potentially more material than anything in public crypto https://www.forbes.com/sites/javierpaz/2022/09/01/dtccs-bold-blockchain-bet-hinges-on-sign-off-from-jpmorgan-chase-state-street-and-other-custodians/?sh=34f5866733e7 . also you are conflating private blockchains with whether they are open sourced or not which is a different thing
Hi Kevin - re 8. thanks for clarifying. I am generalizing for brevity. re 9 interesting read. my contact at a bank involved suggested Ion hasn't panned out as hoped. we'll see!