RE: Bank of England on Distributed ledger and securities settlement

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Bank of England on Distributed ledger and securities settlement

in distributed •  7 years ago 

Interesting, thanks for sharing. I think it reflects the general tune banks and governments are singing towards cryptos and blockchain tech. They see its benefits but immediately try to figure out a way to clamp it down and hold on to their power. China's talk of a potential goverment-run crypto is an example.

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Sure. It is a big trend. Touching China and Russia, they are going to put the blockchain network under dogmatic robust control. According to drafts all intermediaries need to get license or approval including advertising agency.

Every time a democratic, open technology starts to tear at the power structures, they always find a way to suppress it. I think though that with cryptos it's only going to be partial, if they regulate too strongly they will only create a black market. Everyone can see how great the party is, there's no way people will stay away.