I think inflation is now a given. A lot of people are too young to remember normal inflation.
When our government says that some wage increase cannot be allowed as it would be "inflationary" you know we have arrived there.
Apart from from some exprimentation, I will not be buying more crypto unless we see some collapses. Buying more silver.
I think the outlook for crypto is looking encouraging in spite of the counter currents in the media.
I am retired now, but I was working in a small way for the insurance industry. The insurance industry loves Gibralter. Big time.
So this is interesting. Wake up moment, both eyes open. Possibly forget anything I just said :-)
‘Blockchain Rock’: Gibraltar moves to become world’s first cryptocurrency hub
‘Blockchain Rock’: Gibraltar moves to become world’s first cryptocurrency hub | Cryptocurrencies | The Guardian
"While countries including China and the UK have either banned or openly warned against investments in crypto assets, Gibraltar has bucked the trend, having committed to formally regulating cryptocurrencies in an attempt to future-proof the territory’s status as a financial hub.
It comes as Gibraltar struggles to shake off a reputation as a global tax haven, with the government having sued a Spanish newspaper in an attempt to restore its global standing.
Albert Isola, Gibraltar’s minister for digital, financial services and public utilities, says that while Gibraltar was a tax haven 20 years ago, the territory has now overhauled its tax and information sharing policies. The introduction of crypto regulation is having a similar effect: rooting out bad actors and providing assurance to investors, he says.
“If you wanted to do naughty things in crypto, you wouldn’t be in Gibraltar, because the firms are licensed and regulated, and they aren’t anywhere else in the world,” Isola says.
Gibraltar’s regulator has so far approved 14 cryptocurrency and blockchain firms for its licensing scheme, attracting the attention of ex-Sirius Minerals chairman Richard Poulden, who chose Gibraltar for Valereum’s crypto-exchange project. Valereum, he says, is trying to harness a cryptocurrency sector that is worth roughly $3.5tn (£2.6tn) – roughly the combined value of all companies listed on the London Stock Exchange." |
