Other industries, including music and ride-sharing, offer some guidance in how DeFi and traditional financial services firms will respond to regulation. pbrody writes
Paul Brody is Global Blockchain Leader for EY . Under his leadership, EY is established a global presence in the blockchain space with a particular focus on public blockchains, assurance, and business application development in the Ethereum ecosystem.
Politics, the very practical kind, also plays a part in the development of regulation. What would happen if transacting in cryptocurrencies or digital tokens suddenly became illegal or so impractical as to make these digital assets illiquid? This might feel a lot like confiscation to the 10%-20% of the population that already own these assets.
New York City is a prime example: Before ride-sharing, taxi medallions were worth up to $1 million. Today, even though ride-sharing is “fully regulated,” taxi medallions have never recovered their value. Today, they’re worth nearly 80% less than they were at their peak in 2013.Regulation is coming for crypto and blockchain, but the precedents from radio and music to ride-sharing all point to accommodation, not annihilation.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Magic Johnson Invests In Metaverse Gaming Mashup Of Sports, eSports, Gaming, Web3Basketball great turned business mogul Magic Johnson has invested in SimWin Sports, a digital sports league of teams with sports star and celebrity owners, and purchased football and basketball franchise in SimWin.
Read more »
The Best Gaming Laptops To Bring Your Fun Everywhere You GoThe best gaming laptops of 2022 are gorgeous machines that can bring shame to some desktop gaming PCs. You don't have to spend thousands, either. See our top picks—for every budget—here. Via ForbesVetted
Read more »
Gaming Giant NetEase Plunges Nearly 7% After It Delays Release of Diablo Immortal in ChinaNetEase and Blizzard’s move comes at a tough time for China’s gaming sector which is only just emerging for a months-long freeze of approvals from regulators.
Read more »
Gaming Firm Admix Reaches $300M Valuation Following Merger, Rebrand.admixplay has reached a $300 million valuation after merging with thelandvault, the metaverse’s biggest builder. The newly combined firms will focus on building out big brands’ metaverse experiences. LizKNapolitano reports
Read more »
Scams in GameFi: How to identify toxic NFT gaming projectsWhen choosing a GameFi project, it is worth considering how actively the project is promoted, and what benefits the project’s token bestows upon its participants.
Read more »
GameStop's Pro Day is best time to upgrade your gaming setup | Digital TrendsAnyone looking for amazing gaming, PC, and accessory deals should definitely check out GameStop's Pro Days sale, happening right now!
Read more »