金融体系
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BlackRock Perspective: Why Bitcoin plays a vital role in the modern financial system?
BlackRock, a leading global asset management company, has further expanded its influence in the cryptocurrency space by launching Bitcoin and Ethereum exchange-traded funds (ETFs).
Recently, the company also released an in-depth Bitcoin research report, detailing the importance of Bitcoin and its far-reaching impact on the global financial landscape.
Bitcoin's Innovation and Value
The paper, co-authored by BlackRock's key executives (Samara Cohen, Chief Investment Officer of ETFs and Index Investments, Robert Mitchnick, Head of Digital Assets, and Russell Brownback, Head of Global Macro Positioning of Fixed Income), describes Bitcoin as the first Internet-native monetary instrument to achieve widespread global adoption.
Recently, the company also released an in-depth Bitcoin research report, detailing the importance of Bitcoin and its far-reaching impact on the global financial landscape.
Bitcoin's Innovation and Value
The paper, co-authored by BlackRock's key executives (Samara Cohen, Chief Investment Officer of ETFs and Index Investments, Robert Mitchnick, Head of Digital Assets, and Russell Brownback, Head of Global Macro Positioning of Fixed Income), describes Bitcoin as the first Internet-native monetary instrument to achieve widespread global adoption.
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Traditional financial institutions plan to use blockchain technology to restart the financial system in 2024
This article briefly:
•Traditional financial institutions are using blockchain technology to restart the financial system in 2024.
•Leading fund manager Franklin Templeton launches mutual fund FOBXX on the Polygon blockchain.
•Many TradFi institutions, including JPMorgan Chase, are upgrading their infrastructure around blockchain technology.
Traditional financial (TradFi) institutions are preparing to accelerate the adoption of blockchain technology to restart the financial system in 2024.
Recently, TradFi institutions have recognized the potential of blockchain and distributed ledger technology. There is no doubt that this technology offers faster and more cost-effective transactions, prompting financial institutions to seek ways to harness its power.
•Traditional financial institutions are using blockchain technology to restart the financial system in 2024.
•Leading fund manager Franklin Templeton launches mutual fund FOBXX on the Polygon blockchain.
•Many TradFi institutions, including JPMorgan Chase, are upgrading their infrastructure around blockchain technology.
Traditional financial (TradFi) institutions are preparing to accelerate the adoption of blockchain technology to restart the financial system in 2024.
Recently, TradFi institutions have recognized the potential of blockchain and distributed ledger technology. There is no doubt that this technology offers faster and more cost-effective transactions, prompting financial institutions to seek ways to harness its power.
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🚨Ripple CLO slams US regulators, saying cryptocurrency has become an innocent scapegoat for its money laundering allegations!
The cryptocurrency industry has ushered in another war of words! Stuart Alderoty, chief legal officer of Ripple Labs, recently spoke out on social media, criticizing US regulators for unfairly targeting the cryptocurrency industry when dealing with money laundering issues, while turning a blind eye to similar problems in traditional banks.
🏦 Alderoty's remarks came after the Wall Street Journal revealed major loopholes in the New York Federal Reserve's anti-money laundering measures. The report pointed out that some Iraqi banks used the Federal Reserve system to illegally transfer billions of dollars, and some of the funds even flowed to Iran's Islamic Revolutionary Guard Corps.
Although US authorities have taken action to block the offending banks, the Wall Street Journal reported that the Fed took action after more than a decade of negligence, even after receiving warnings from the Pentagon about illegal financial activities.
💸 At the same time, Alderoty believes that institutions such as the US Securities and Exchange Commission (SEC) and the Federal Reserve have used cryptocurrencies as scapegoats, while ignoring more serious violations in the traditional banking industry.
XPR's lawyer John Deaton also mentioned some startling statistics. According to statistics, less than 1% of cryptocurrency transactions are related to illegal activities. According to the United Nations, the amount of money laundered through the traditional financial system each year is as high as 800 billion to 2 trillion US dollars.
🏦 These include large banks such as HSBC, JPMorgan Chase and Bank of America, which have been reported to be involved in money laundering for drug cartels and other illegal activities. Despite this, the focus of US regulators remains on cryptocurrencies.
Ripple CEO Brad Garlinghouse expressed a similar view, believing that the US government's hostility to cryptocurrencies has had a destructive impact on the development of the industry.
💬 The incident once again highlighted the tension between cryptocurrencies and the traditional financial system. How do you think regulators can achieve a regulatory balance between these two areas?
#Ripple #加密货币 #洗钱 #监管机构 #金融体系
The cryptocurrency industry has ushered in another war of words! Stuart Alderoty, chief legal officer of Ripple Labs, recently spoke out on social media, criticizing US regulators for unfairly targeting the cryptocurrency industry when dealing with money laundering issues, while turning a blind eye to similar problems in traditional banks.
🏦 Alderoty's remarks came after the Wall Street Journal revealed major loopholes in the New York Federal Reserve's anti-money laundering measures. The report pointed out that some Iraqi banks used the Federal Reserve system to illegally transfer billions of dollars, and some of the funds even flowed to Iran's Islamic Revolutionary Guard Corps.
Although US authorities have taken action to block the offending banks, the Wall Street Journal reported that the Fed took action after more than a decade of negligence, even after receiving warnings from the Pentagon about illegal financial activities.
💸 At the same time, Alderoty believes that institutions such as the US Securities and Exchange Commission (SEC) and the Federal Reserve have used cryptocurrencies as scapegoats, while ignoring more serious violations in the traditional banking industry.
XPR's lawyer John Deaton also mentioned some startling statistics. According to statistics, less than 1% of cryptocurrency transactions are related to illegal activities. According to the United Nations, the amount of money laundered through the traditional financial system each year is as high as 800 billion to 2 trillion US dollars.
🏦 These include large banks such as HSBC, JPMorgan Chase and Bank of America, which have been reported to be involved in money laundering for drug cartels and other illegal activities. Despite this, the focus of US regulators remains on cryptocurrencies.
Ripple CEO Brad Garlinghouse expressed a similar view, believing that the US government's hostility to cryptocurrencies has had a destructive impact on the development of the industry.
💬 The incident once again highlighted the tension between cryptocurrencies and the traditional financial system. How do you think regulators can achieve a regulatory balance between these two areas?
#Ripple #加密货币 #洗钱 #监管机构 #金融体系
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