Not exact matches
«The really tricky question for regulators is
how we structure those type of rules in light of the fact that the funds these firms hold are not denominated in dollars or other forms of
traditional fiat currencies,» Lawsky said.
The most interesting result though, is
how little correlation there is between the cryptocurrency pairs and the
traditional fiat currencies.
Depending on
how you work the math, performing a transfer in bitcoin can be more the using a
fiat currency and using the
traditional banking system.
With
traditional fiat currencies, there exists no transparency and no one knows
how much money is being circulated and on what basis central banks are printing money.