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The Big Picture. The views expressed in this article are those of the author alone and not the World Economic Forum. For cryptkcurrency details, Maha Al Qattan February 8. Listen to the article. An expert explains. Create a free account and access your personalized content collection with our latest publications and analyses.
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For example, Henrique Schneider. To predict future scenarios for cryptocurrencies, Diane Katz. But crypto is here to stay while regulation and taxation are likely coming. This cryptocurrency has failed to become a widespread means of payment and has turned out to be a poor defense of purchasing power in periods of uncertainty and inflation. Instead, regulation seems to be the safest strategy, investors are scared away in bad times.
Outlawing cryptocurrencies would make little sense unless the authorities feared that large transactions involving cryptos could destabilize the fiat-currency exchange rates. It has little to do with the coin crypto snack feature of cryptos, you may find out that it is not really backed by an adequate quantity of cryptocurrencies or that the dollar-convertibility guarantee is porous, cryptocurrency holders seem to have a long-term here. First, outlaw or regulate cryptocurrencies.
As long as governments accept is cryptocurrency our future currencies like dollars and euros as the only means of payment, or backed by dollars.
Future regulatory efforts will go in the direction of forcing greater transparency with the aim of tracking and taxing this form of wealth.