Digital currency is exposed to the risk of cyber-attack, and cyber criminals have in recent years stolen digital currency worth billions of dollars. At Ablison.com, we believe in providing our readers with useful information and education on a multitude of topics. However, please note that the content provided on our website is for informational and educational purposes only, and should not be considered as professional financial or legal advice. If you require such advice, we recommend consulting a licensed financial or tax advisor.
We dive into the dozen bills under consideration in Congress and zoom in on the three big themes for crypto regulation in 2025. Hung Tran is a nonresident senior fellow at the Atlantic Council’s Geoeconomics Center and senior fellow at the Policy Center for the New South; a former senior official at the Institute of International Finance and International Monetary Fund. The U.S. government’s historical approach to seized Bitcoin has been to auction it off, but Trump’s executive order suggests a strategic shift to hold it as part of a national asset stockpile. The 21st century economy requires organizations to respond and move at the speed of new money and collaborate with partners in real-time to share information and thwart today’s threats.
“You are responsible for ensuring that any transactions you initiate have the correct amount and destination. Mistakes can’t be changed or rectified.” Our community is about connecting people through open and thoughtful conversations. We want our readers to share their views and exchange ideas and facts in a safe space. A keynote address by the IMF Managing Director Kristalina Georgieva at the 2023 Singapore Fintech Festival.
Confidence in a cryptocurrency could be shaken by the arrival of a superior alternative, the advent of a new technological paradigm, fears stoked by a high profile cybersecurity breach, or simply due to loss of interest. While there is no conceptual distinction between cryptocurrency and other forms of insured property—such as gold coins or computer systems—courts have struggled to interpret standard form language in the relatively new context of nonphysical property. As detailed below, courts have reached conclusions that defy logic, as well the policyholder’s reasonable expectations, when rigidly applying case law to newer forms of property. The potential risks of using digital currency include the possibility of identity theft, hacking, and scams. Users must be cautious of phishing attempts and ensure they are using secure platforms to minimize these risks. Addressing these challenges and concerns surrounding digital currency is crucial to ensure its widespread adoption and acceptance.
As in the case of the EU, shared monetary policy goes hand in hand with closer trade ties and is often viewed as a stepping stone towards shared social programs and fiscal policy, which would need to be implemented by a supranational institution. Many small businesses, like family owned restaurants, operate on a cash only basis. This allows them to keep the lights on, provide goods that people value, and become an asset to their local communities. Extensive public debate and deliberation should be undertaken before CBDCs are launched, and safeguards should be put in place.
