The big financial institutions have already established infrastrure, network, and political assent for cryptocurrency trading and adoption. ICE's BAKKT, CBOE's bitcoin ETFs, investment banks like JP Morgan, Fidelity, et al entering the crptocurrency market virtually forces the political bureaucracy to accept crptocurrency as reality. Besides, as all crptocurrency transactions are public, permanent record, it would be to the enforcement agency's advantage to have mass adoption, even by criminals, so that any one and any transaction can be easily tracked. As the culture shifts towards increasingly cashless society, the regulation of financial crimes will be easier to enforce.
Very interesting. Great find, I look forward to watching this!
The big financial institutions have already established infrastrure, network, and political assent for cryptocurrency trading and adoption. ICE's BAKKT, CBOE's bitcoin ETFs, investment banks like JP Morgan, Fidelity, et al entering the crptocurrency market virtually forces the political bureaucracy to accept crptocurrency as reality. Besides, as all crptocurrency transactions are public, permanent record, it would be to the enforcement agency's advantage to have mass adoption, even by criminals, so that any one and any transaction can be easily tracked. As the culture shifts towards increasingly cashless society, the regulation of financial crimes will be easier to enforce.
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