원문 보기
so what's up guys I came across this maybe like I want say 10 minutes ago and I jumped immediately right online to show you guys this video so this came from CNBC Jamie Diamond testified about blockchain cryptocurrencies and consumer security Jamie Diamond should be saying nothing about cryptocurrencies right now uh from his P words of cryptocurrencies is nothing why people messing with it the government is going to kill it then all of a sudden blockchain is where I said then all of a sudden uh cryptocurrency still suck and then out of a sudden oh JP Morgan is coming out with their own coin you know what's happening you know what they're doing um let's just listen to this it's only like five minutes and then we'll get on out of here turn this up for you real quick I want to focus on technology particularly um uh certain sectors uh with the incredible power of modern Computing in the internet we're entering into a new era of innovation currently blockchain is transforming our financial systems cyber security and how entrepreneurs and startups are able to raise Capital as the rest of world speeds ahead to take advantage of this new technology the US is now lagging behind heavily due to regulatory certainty issues that the market needs to protect consumers Empower innovators and entrepreneurs my colleagues and I including Josh gimer Tulsi gabber Ted bud and um and others that aren't on the committee Darren stto and uh Scott Perry introduced a bill yesterday that would provide regulatory certainty the US needs to take advantage of this thriving sector um Mr Solomon I'm going to read an excerpt from an article that recently caught my attention quote Goldman Sachs plann to establish a crypto focused unit by the end of 2018 uh as report by Bloomberg in December last year however on September 5th Business Insider reported that unnamed sources said the firm is scrapping crypto trading desk plans due to an unclear regulatory environment in the crypto industry Mr Solomon why did Goldman Sachs initially choose to open a trading Des a crypto trading desk the first article wasn't correct uh like others we watching and exploring and doing work in terms of trying to understand cryptocurrency Market as it develops we have some clients that have certain functionality that we've engaged with them on clearing physical futures um but other than that we never had plans to open a cryptocurrency trading desk uh we might at some point in time uh but there's no question when you're dealing with cryptocurrency it's new area there are a lot of issues unclear from a regulatory perspective it's not clear whether or not you know in the long run as a currency you know those Technologies are going to work and be viable clearly and uh and certainly some of those tokens uh that are issued are uh awaiting definition as to so what will be a security what is not a security what's the appropriate trading platform uh there are a number of issues that our bill goes into and frankly even things that will be needed to address afterward U Mr Diamond in 2017 you called cryptocurrencies quote not a real thing but this year your firm uh unveiled JPM coin and stated quote we are supportive of cryptocurrencies as long as they are properly controlled and regulated why the shift the blockchain is real it's a technology a lot of people we using and testing it today and we think it will work over time but I the part is not real is a cryptocurrency is not supported by anything so he said the part that's not real the cryptocurrency is not supported by anything but he says the blockchain is real Jamie you haven't got it yet what supports a cryptocurrency is the blockchain the technology behind it the technology behind it shows what is really going on where the money has been sent it shows nobody's stealing money it shows nobody is printing more money than they supposed to be printing no value behind it other than what the next person will pay for it and they have serious issues about that the JP Morgan coin is a token which is supported by a deposit at JP Morgan it could be shipped around the world real time it can go with a lot of data on it you can split it into pieces and the second Stone ones cash we can move the cash to so the settlements will happen uh almost instantaneously and there will be a blockchain distributed Ledger uh and how will that uh facilitate better Payment Systems if it works correctly well you know the payment systems today but they do work and they're very cheap the fact is this might be a fast way it could be faster comes with data and everyone have the same data at the same time so instead of us having to call each other's Banks up and saying what happened to that shipment from Singapore just go to the same screen and see it right away because of the nature of the blockchain it's inherently more transparent yes it's got to be secure and it's got to be in this case permissioned not everyone access it because we need real security around things like movement of money so he don't want everybody to have access of it and he wants it to be private you can have something on a blockchain that is secure and everybody can see the transactions that's why Bitcoin is here Jamie haven't you learned yet sector without discussing how to protect consumers as your role as Banks evolve secure custody of digital assets is essential however there's no regulation or guideline on who can be a qualified custodian for digital assets Mr schwar and looking at your policy regarding cryptocurrency on your website bny melon States uh cites lack of regulatory clarity as a barrier to providing custody for digital assets can you expand on this statement and highlight any other regulatory hurdles you're facing in this space sure um I think uh as the website says there is lack of clarity and I think that's one thing that stands in the way um quite honestly it's something that um it's uh cryptocurrencies are very early in their existence they're not significant today to speak of um in terms of uh uh being used as a real currency uh to move value and so we're actively thinking about uh what we want to do um one of the biggest issues that we have relates to uh anti- money laundering and ayc thank you my time has expired I you so guys let me know what you guys are thinking um leave your comments at the bottom um just in general what you guys think about these major banks these guys right here um overall they're going to improve uh this industry with techn they're going to take from other coins and Technology they'll probably invent from doing all of this but from now cryptocurrency like I say is in a very very early stage that is why you should come over here and check out my passive income uh videos and learn how to make crypto on your own these guys that these banks are on going to give you 0.021% on your interest uh in a savings account and and these cryptocurrency technology uh platforms and uh blockchain platforms will give you a little more Advantage than that so check it out when you guys can and other than that all you guys have a good day and all you guys have a good night and enjoy the crypto life
Comments 0