Bitcoin businesses face challenges due to banking and government regulations. This has resulted in Bitcoin startup, CoinJar, launching exclusively in Australia initially while they navigate laws to expand globally.
The depositor or the consumer and the bank think they're getting two completely different things. There's a fundamental market failure with banking that needs to be addressed by the federal government.
In a conversation about the possibility of a bank run happening, the concern is raised that warning people about it could actually create it. The recommendation is made that a federal agency step in with a significant financial guarantee to backstop the banks and prevent a contagion effect from spreading.
In the future, crypto startups will just be called startups, and if blockchains become more scalable and there is more global adoption, remittance quarters will move to crypto.
Learn about the importance of email and workplace collaboration security in light of digital threats aimed at banks and other businesses.