If 2017-2018 was marked by the «parade of legalization» cryptocurrency in different countries, and it seemed that the adoption of a new economy was a resolved question, then 2019 brought a radically new trend. Instead of trying to fully fight or resolve cryptoacivities, governments (first of all, American) preferred to divide them to «comfortable» and «uncomfortable».
In recent days, the cryptocurrency market has occurred iconic events that may have serious consequences for the entire industry: the CTFC attack on the POS emission principle, the new Bitcoin-futures triumphs on Bakkt and the Facebook attempt to create a payment system that would meet the traditional financial paradigm.
When in July american
July-October has shown that special intolerance of policies show two categories of currencies: corporate and stable (Stable Coins). The defeat of Libra, an attempt to declare XRP valuable paper, TETHER (USDT), suspension of the Ton project look like units of one chain.
All these projects are tied to specific companies. Of these, two already running — XRP and USDT — over a few years have won 3 and 4 places in the capitalization rankings, far conquering their decentralized competitors XLM, DAI, etc. With all the popularity of decentralization, the experience of XRP and USDT has shown that the presence of a single guidance center A colossal role in the promotion of the project can play a tremendous role. However, this is what makes a project vulnerable to public prosecution.
Libra and USDT, at the same time, are stable cryptocurrency. They are, in contrast to the volatile classical digital currency type Bitcoin (
This trend is also stacked by a new Facebook statement of November 12: the company intends to launch a more modest version of its Facebook Pay system for this month. The FB administration emphasizes: FB Pay is in no case Libra is «just» payment system. And at first she will act only in the United States. This FB measure kills two hares: on the one hand, it shows users that it does not refuse to create a payment system, on the other — gives the authorities a sign that intends to comply with the unlawful rules and do not try to «jump above» paypal payment systems
On November 13, the head of the American Committee on Emergency Exchange Trade (CTFC), Hit Tarbert, stated that the POS currency could be regarded as securities. Recall that the XRP token (not cryptocurrent, but rather resembles the Ripple campaign) this year in court has already been proposed to recognize the valuable paper, which would greatly complicate its distribution and actually excluded the cryprotes. XRP picked up a strike, but in October, the Securities and Exchange Commission (SEC) at a similar reason
Whether the political gaze was here or only follow the letter of the law, but the American authorities, in fact, intervened in competition of coins and approaches to their emissions. For example, they supported ETH against the EOS, but warned his own developers from a possible future transition to POS. It may have great consequences not only for coins, but also for the development of the entire industry.
One of the possible explanations of the attack on the POS principle is its competition with bank deposits (more privacy and convenience). So, again, the threat of the old financial system.
Perhaps the consensus was ripe among politicians: if the struggle against all virtual currencies is too complex and unpopular, then you can pay the usual volatile blocks to cryptoentziasts, but strictly stop the appearance of new and potentially more dangerous. An excellent example of a calm state attitude to classic cryptoactives is the Bakkt platform. She not only received the approval of SEC in July, but also in our eyes it becomes more successful.
Initially, when day
However, despite the active transition of funds of large investors in BTC, there is no panic from governments. As Heit Tarbert said, classic cryptocurrencies resemble stock sales like gold. Perhaps digital assets of this type are acceptable today for states.
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