This potentially disruptive sector must set aside some of its lofty ideals, for now, and focus on financial solutions with demonstrable global demand and adoption.
The Commission, funded by the Ministry of Justice, also pushed for legislation to treat crypto as a new type of property in its latest set of recommendations.
According to Forbes, crypto exchange Binance moved $1.8 billion of collateral meant to back its customers' stablecoins to hedge funds last year. "The Hash" panel discusses why the reporting is raising significant questions about the management and custody of customer assets and stablecoin collateral by Binance.
Moon Mortgage founder and CEO Aaron Nevin joins "First Mover" to discuss Moon’s mortgage lending product CryptoMortgage and how crypto mortgages work with digital assets as collateral.
Katie Talati, head of research for crypto and blockchain asset management firm Arca, discusses how her firm and its investors are approaching the digital asset ecosystem in 2022. Talati speaks on the movement away from bitcoin as other protocols like Ethereum prove their long-term value and concerns regarding bitcoin as collateral.