CryptoNews | Tech | Hamstringing an Industry With Compliance Costs

0
64
HyperCapital

#crypto #business #blockchain #cryptonews #bitcoin #cryptobusiness #ethereum #mining #pow #pos #cryptonews.pro #hypercapital #hypertech #hyperland #hypercash #tech #onlinebusiness #news #mustsee #mustwatch #mustread #cryptology #trading #online

Between Kraken’s $1 million spend on subpoena responses in 2019 and stories like the $2 million it cost Blockstack to raise $23 million in an SEC-compliant token sale (8.7 percent of the raise), it begs the question: Will compliance costs fundamentally limit innovation by demanding big war chests to play? Will the most successful companies be those that (like Block One) simply raise enough to pay off the regulators on the back end?

Later, we look at new mining interests in Texas, what it means for American mining and bitcoin mining in the lead up to the halving more broadly. Finally, we’ll dissect an op-ed from the IMF’s chief economist on the strength of the dollar over digital alternatives. 

Kraken annual transparency report shows off growing regulatory inquiries and increasing cost of compliance

New global interests in giant Texas-based bitcoin mining operation

The IMF’s chief economist on why digital currencies don’t threaten the dollar’s global reserve currency status

Disclosure Read More

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Credit: Source link

HyperCapital

LEAVE A REPLY

Please enter your comment!
Please enter your name here