How we are using Crypto Utility and Security for Smart Banking and Investment :

2017 was a wild ride for cryptocurrency. Last year, we’ve seen cryptocurrencies rise to their all-time highs. We’ve also witnessed introduction of thousands of altcoins, some of these are even called “shitcoins”.

People have seen cryptocurrency in its full glory, when everyone’s bullish and FOMOing on every project. But we’ve also seen it at its worse, perhaps 2018 is the worst for people who bought crypto back in September of last year. Still, there is an ongoing debate whether crypto can stand the test of time or not.

There are some countries including China that essentially clamped down on crypto the crypto space, limiting exchanges and not allowing some crypto stages to operate. Many countries including India, Korea and USA has targeted the ICO or Initial Coin Offering system, not allowing their citizens to buy new utility tokens.

In the United States, law makers have started to take action, letting regulatory bodies deal with cryptocurrency. Roger Huang of Forbes however questioned US approach and even mentioned that it’s like a “copy and pasted” mixture of regulations that doesn’t fit. He also noted that these regulations can even make people unsure of the state of regulation in the country when it comes to crypto.

Today, US congress stull sits on decisions concerning cryptocurrency and the blockchain technology. Regulatory agencies on the other hand are still applying old rules that are not fit for cryptocurrency. Analysts are worried that such immature regulations will only harm the overall growth of blockchain technology. The SEC is still on the move and continues to investigate cryptocurrencies. In order for cryptocurrency to be on track and continue growing, the haphazard formation of crypto regulations has to end.

The introduction of security tokens is a start of the movement towards bridging gap between traditional crypto market and regulations. Unlike common utility tokens, security tokens like ORBS tokens from the OrbisSolutions company are believed to be safer on investment perspectives are they are backed by assets and/or shares.

www.orbistransfe.com