Replies to post #21592 on First Bitcoin Capital Corp (BITCF)

[planetaryfuture]

I Must Confess: The World Is Waking-Up !!! .....

I suspect the 2024 timeline reference plucked from this article will be seeing an even more surprising fiscal dynamic by then ..... which is fine with me !!! ......

I feel compelled to give Dubai a great deal of credit relative to the modern-day revolution of awareness seen with Blockchain Technology ..... in general ..... since they have boldly streamlined as many Government functions as possible ..... thereby saving immense time and money ..... while at the same time ..... creating transparency ..... along with a public access record difficult to corrupt ...... while they are alleged to have a 90% ..... from out-of-country demographic ..... quite a praiseworthy accomplishment ..... from my perspective !!! ..... no doubt ..... leaving many scratching their heads in puzzlement !!! .....

So let's collectively take a dive into a brewing quantum shift of planetary consciousness !!! ..... a living matrix of unfolding potential ..... likely sparked from the depths of our mysterious and miraculous ..... theoretical quantum entanglement ..... with roots manifesting unseen ..... subcellular ..... whether we like it or not !!! ..... The beat goes on !!! .....

Although the COVID-19 pandemic may have expedited the desire for digital payments across the globe, blockchain and crypto assets have been the talk of the regulatory town, with many countries looking toward central bank digital currencies to streamline their payments infrastructures.

EU To See Comprehensive Crypto Regulation By 2024
Crypto Continues Its Trek Into The Mainstream.


The European Union, or EU, plans to incorporate crypto and blockchain technology into its main processes by 2024.

Over the next four years, the economic union aims to firm up fresh regulations that will promote blockchain and digital asset usage for international money transfers, according to internal documents that Reuters reported on Friday.

The documents detailed:

“By 2024, the EU should put in place a comprehensive framework enabling the uptake of distributed ledger technology (DLT) and crypto-assets in the financial sector [...] It should also address the risks associated with these technologies.”

Finding that almost 80% of its population transacts in paper money, the European Commission, the union's governing entity, wants to see digital payments become more common, while aiming for immediate transaction times, Reuters explained.

The commission's reported aims include a desire for increased data access, financial activities availability — all while aiming for increased efficiency. “By 2024, the principle of passporting and a one-stop shop licensing should apply in all areas which hold strong potential for digital finance,” the documents noted. Over the next year, fast transaction avenues will likely take over, Reuters added.

Although the COVID-19 pandemic may have expedited the desire for digital payments across the globe, blockchain and crypto assets have been the talk of the regulatory town, with many countries looking toward central bank digital currencies to streamline their payments infrastructures.

UPDATE Sept. 18, 21:00 UTC: This article has been updated.

https://cointelegraph.com/news/eu-to-see-comprehensive-crypto-regulation-by-2024

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