At the FinTech Thought Leadership Roundtable Series presented by FINTQ, Nestor Espenilla Jr., governor of BSP, spoke about the
dramatic growth of the digital currency industry and emphasized the importance of oversight.
I am glad to see the development of the DCC and to be a part of its membership community, as it will support professionals in developing their respective businesses and add a credible, even foundational, structure to the
ongoing growth of digital currencies.
The Philippines decided to move forward with adopting a formal regulatory framework due to the
rapid growth of digital currency based payments and remittance companies.
Critics say a lack of certainty around coin valuations undermine
the growth of digital currencies as viable methods of payment.
Governments at all levels are attempting to keep pace with
the growth of digital currency, and are reacting with a variety of definitions, laws and regulations in an attempt to fit digital currency into existing frameworks.
Because of such a powerful Japanese legal framework,
the growth of this digital currency is promising.
The new series follows The Hobbit leading man Martin Freeman as an FBI agent tracking
the growth of a digital currency company founded by The OC star Adam Brody, Otmara Marrero (Graceland) and Edi Gathegi (X-Men: First Class).
OCIE plans to monitor
the growth of digital currencies and initial coin offerings (ICOs), while examining registrants involved in offers and sales to ensure investors receive adequate disclosures about associated risks.
With all this, security and regulation become key factors in determining
the growth of digital currencies.
Critics say a lack of certainty around coin valuations undermine
the growth of digital currencies as viable methods of payment.
However, in recent times, most regulatory authorities have formed a bad habit of creating oppressive laws that do nothing but stifle
the growth of the digital currency industry.
Further, though undeniably positive, others in the community suggested that still more work needs to be done to ensure
the growth of digital currencies in the UK.
OCIE plans to monitor
the growth of digital currencies and ICOs, while examining registrants involved in offers and sales to ensure investors receive adequate disclosures about the risks associated with these investments.
Perianne Boring, Founder and President of the Chamber of Digital Commerce, believes that this partnership is a great step for
the growth of the digital currency industry:
The publication of the protocol provoked another round of discussions in the bitcoin community and stimulated
the growth of the digital currency.