The Daily Leo: Stablecoins facing possible regulations
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Stablecoins facing possible regulations
This is not a certainty, but it sure is on the mind of every regulation entity on the US, and the rest of the world always follow the US on this matter, considering the USD is the international currency. I can see the need for governments to have ways of regulating crypto once its value is realized in a taxable transaction, so when its USD value becomes important, for instance, when a retailer has sell all its stock in BTC and now is time to fill the taxes. This is not even a regulation on crypto but establishing some consensus on how should this transactions been declared.
They want taxes from every industry, and if they are not trying to tax it more, look into what benefit are they getting from it as is. You can see it in the tech world. Now that we seem to be shifting from Oil as main energy for transportation to electricity, is it because it is greener or because there is new money there?
Electric vehicles are game changers in the transportation sector, self driving and other advancement are incredible, but they come with new problems, that require new solutions which mean more money sources. Charging a vehicle at home is cheaper, but slower, charging in a service station is faster, but more expensive; and a few variables such as distance between charging stations and battery storage are still less efficient than oil powered vehicles. But they are tagged as green so that will be a growing market, even though once you see beyond the energy source, there is still a concerning amount of contaminating agents on an EV production and use life.
It's highly likely that electric and combustion hybrid cars will be the most used ones for now, at least while companies figure out how to make electric cars suitable for longer trips, and they get to change the world's oil-centric service stations to electric ones. That is a huge investment, but it is needed for a total adoption of the EVs.
Cost effectiveness and accessibility seems to be one of the goals for the EV market, and one barrier to entry the market. Something Apple doesn't seem to care about, with their $3499 Vision Pro now in the market. This piece of technology is something we only imagine in movies, now Ready Player One doesn't seem to far from reality. Is is a bridge between the present and the future of technology. Even tho some data safety concerns arise, in a time where we put our data out there every day, the confort and personalized experience may be worth the risk for many.
Right now it's entertainment, but this technology could revolucionase other fields such like customer service, long distance education and work, even the medical field.
For me, Neo Banking is very close to what cryptocurrencies offer, in terms of accessibility. Not in the same level, but it's a good comparison when we are trying to explain why cryptocurrencies can be used the same as money and why being digital doesn't make them less reliable (of course there is scams but that has nothing to do with the nature of crypto, is just bad actors being bad actors) Neo Banks has offered the opportunity to the unbanked to access the benefits of a bank account, eliminating a big part of the paperwork, but specially removing the need of physically being present at the bank to open the account and do other transactions.
This is a great example on why the investment on technology is a great idea on any portfolio, since, as we could see above, it's an industry that will continue going forward and having steady gains.
Should we accept regulations for an easier access to greater funding or trust our systems and wait for our own greatness to come? If they feel threatened, we must be on the right track.
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Positive sentiment in NASDAQ and crypto, 0 taxation from another country and green market.
Good day for tech investors ✌️
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