What are the Right and Wrong Ways to Regulate Cryptocurrencies? What Way Will China Move?
Genaro at the swissnex Future of Money Event, Hong Kong
20 November 2017
In Hong Kong this week Genaro’s Jason Inch spoke on a panel including major fintech entrepreneurs and authorities active in Asia.
Under discussion were pressing issues for the immediate future of cryptocurrencies and related technology in the East and worldwide. In the light of Beijing’s tightening of controls around Bitcoin exchanges and ICOs, and as central authorities around the globe ponder the rise of decentralized currencies, what rules will truly work? How can nation states and dynamic networks benefit at once? What strategies should smart regulators and players alike start to consider? Is the blockchain predestined to settle as a deeply rooted alternative to current models? Could it even replace them entirely in the long run? And, crucially: to what extent are regulators already committing to a perception of these possibilities as threats rather than opportunities?
Qijun Wang of Queschain Capital, along with rising names such as the United States’ Arthur Hayes and gifted tech innovator Rong Chen joined Jason onstage to debate the core questions. Swiss financial insight was represented by the University of Zurich’s Thomas Bocek, with the formidable Zennon Kapron (the Blockchain & China topic’s leading expert in the West) moderating discussion.
Genaro’s solution for a viable blockchain-based system for the use and storage of data was raised as a potential game-changer that may reset the relationship between individuals, companies, tech giants and states in future.
