Money is Moving Faster. Time for you to Understand.

Image: CHUTTERSNAP

As the world move closer to widespread adoption of ISO 20022, the future standard for international transactions, what can we expect from the cryptocurrency world? For one, it is unlikely that major cryptocurrencies such as Bitcoin (BTC) will be used for conducting cross-border transactions. Not only is Bitcoin built on a proof-or-work consensus, but its transaction time is exceedingly slow compared to other projects in the fintech space. Bitcoin is also not currently an ISO 20022 compliant digital asset.

Of the thousands of cryptocurrencies in existence, the following currently comply with the ISO 20022 standard: (courtesy cryptopolitan.com)

One only needs to visit the ISO 20022 website to dive deeply in the guts of the project. Here, you can explore the many members of the standards committees across the five domains that the standard will address. The business domains are: payments, securities, cards and related retail financial services, foreign exchange, and trade services.

As far as the ISO standard’s syntax, the most widely used is eXtensible Mark-up Language (XML). This is not to be confused with the digital asset minted by Steller, the Lumen (XLM). The reason for using this syntax is simple, it is the most widely used method for encoding documents electronically.

Real Time Gross Settlement processing (RTGS) is speeding up the movement of money. It facilitates the electronic movement of money from bank to bank in seconds, settling out with near immediacy. This enhancement of transaction speed creates new levels of liquidity by freeing up funds that would otherwise be used as nostro/vostro or delayed settlement through old messaging systems, such as SWIFT MT. Follow this link to see a timeline of the adoption for ISO 20022 and RTGS across the globe.

Image Source: Compact

The ISO 20022 project is over a decade old and quickly approaching unilateral adoption across the global monetary system. Referring back to the five business practices gives you a good understanding of the impact that the world of finance will experience in the coming months. While many cryptocurrency projects are left seemingly unaffected, watch for the legal outcome of one particular company engaged in the global payment remittances sector, Ripple. While the US Securities Exchange Commission is trying to convince the legal system that the cryptocurrency XRP was sold as an unregistered security, the digital asset XRP does comply with the ISO 20022 standard and the company Ripple is on the ISO 20022 Payment Standards Evaluation Board as an expert for one of the five business practices: payments.

Best,

Rand

This is not investment advice. I am not an investment advisor. This is for entertainment and informational purposes. Consult a licensed financial advisor before trading.

Blockchain Impacts – Understanding ISO 20022

Photo: NASA

Most people have never heard of SWIFT, nor do they have any idea of how money have moved around the globe for the past 40+ years. Regardless of catching up to speed now, the world of international payments is about to receive a major overhaul. There is a massive amount of information regarding this standard and by 2025, all financial institutions will have to be able to process ISO 20022 compliant payments. The five business domains that ISO 20022 covers are: payments, securities, cards and related retail financial services, FX (foreign exchange), and trade services.

The new standard, currently in an opt-in phase, will allow for open and transparent messaging between financial institutions around the globe. Within the new syntax-rich messaging system is a central repository containing the information necessary to support the various APIs.

In order to move the current financial messaging system from the existing legacy system, a team of dedicated professionals work to support the migration to the new system. This is a delicate transfer and must be performed with diligence, since not all institutions are migrating at the same time.

Putting it simply, all major currencies that exist have already adopted ISO 20022 or have a migration plan to adopt. The reason, in a nutshell, is the improved efficiency that this standard provides. End-to-end processing of payments messaging are streamlined, and delivery is straight forward. SWIFT MT has been the legacy system enabling payments to move around the globe since the 1970s. This will no longer be the case.

Interesting information about ISO 20022 can be found on the Payments Standards Evaluation Group page on the ISO 20022 website. Under the list of EXPERTS, two of the member entities listed in the column dominated by countries are in fact, not countries. These two member entities are SWIFT, the current legacy payments system, as well as Ripple. Ripple is a US based company deeply engrained in the development of RTGS (real-time gross settlement) digital ledger technology. Ripple is also embattled in a lawsuit that was brought on by the US Securities Exchange Commission in December of 2020. SWIFT is a registered expert on the list of all business domain experts while Ripple is on the list for payments.

If you are interested in the payments portion of the ISO 20022 standard, research ISO 20022 compliant digital assets. Any financial institutions that are processing payments on the SWIFT MT network will be switched over to the ISO 20022 standard by November 2022.

To understand the standard more intimately, I suggest viewing the standards website for the most specific information.

Best,

Rand

This is not investment advice. I am not an investment advisor. This is for informational and entertainment purposes. Consult an investment advisor.

ISO 20022 and Crypto

Monumental changes are on the very near horizon in the Finserv sector. As early as August 2022 (next week), financial institutions will be able to opt-in to the ISO 20022 standard through the SWIFT community. By November 2022, the option will be generally available.

Let’s look at some of the details. ISO 20022 is the standard for electronic data interchange between financial institutions. It will be the standard messaging system for financial institutions around the globe to track and monitor payments. This means that the way money moves globally is changing. The SWIFT network is the standard method used to move money around the globe and has been the legacy system in use since the 1970s. Technology is now available and being deployed that will allow the exchanges payments messages to be transformed under the ISO 20022 standard. This change will produce efficiencies on a massive scale.

How does this relate to crypto? Currently, there are seven (7) ISO 20022 compliant cryptocurrencies. They are XLM, HBAR, MIOTA, XDC, XRP, ALGO, and QNT. These currencies represent different transaction systems, but have made their business use case compliant with the standard that is quickly becoming the way money moves around the globe.

Furthermore, both Ripple and Stellar are members of the ISO 20022 Standards Body. Each company has minted a native cryptocurrency that run on their digital ledger technology and they are XRP and XLM, respectively.

Cheers,

Rand

All opinions are my own and should not be considered investment advice. I am doing this to provide entertainment.

#crypto #xrp #xlm #algo #hbar #miota #qnt #xdc #iso20022 #cryptocurrency #money #futureofmoney

How Fast is Money?

This will be a short one and really a question, at that. How fast is money? Why does that matter? What does it mean if it moves faster?

Money is an interesting idea. I think we can agree to that when we really stop and think about it. Over the centuries, it has taken on many forms: minted currencies, animal hides, jewelry, gold and silver, to good old “faith and credit.” It really boils down to a psychological acceptance of something that holds a value to receive something else in exchange.

That said, we believe in money. The United States has its dollar, the British kept their pound (says something about their feelings regarding the Euro), the Japanese have the Yen, and so on.

Money moves at a pace. Sometimes, longer than others. Likely for a reason that the average retail trader or average person doesn’t understand. It takes 3-5 business days for money to clear in a personal checking account. This is 2021 folks. We are purchasing tickets to fly Space X rockets and we have to wait 3-5 business days to get $100 in our checking account? I doubt the duration is the same for large institutions to move money from one to the other. Credit cards instantly record your spending, so why the delay in other applications? Money moves at different speeds.

Why does the speed of money movement matter? In the case of the retail end user, it matters the same as it does for the multi-national institution moving millions or billions of dollars. You want your money when you want it. The difference is, your $100 does not impact the economy the way $100 billion impacts the economy. We know that money can move at different speeds. It can post to your account instantly, but not clear immediately. It can be spent immediately at a store, or to pay a bill. It moves at different speeds when accounts are directly linked, you use a wire transfer, or deposit a paper check. Automation speeds up the movement of money. Digitalization facilitates faster than pen and paper.

If money moves faster, everything from your $100 check to a $100 billion transfer between banks, will effect global economies. If money, and I mean global money, in the realm of trillions in value can move and be utilized in seconds, rather than weeks, days, or even minutes, what kind of profound effect will that have? The United States has been issuing stimulus money over the course of the last year. (Disclosure: This is an exercise in the speed of moving money, not the politics of stimulus money.) We know that many people spend it as soon as it’s received. Reducing the time it takes to issue that money would effectively allow that money to be spent sooner, which in turn keeps money moving through the economy earlier than it did. This could be a game changer for a business that may close its doors if not enough customers came through their doors, or a mortgage payment was delayed because someone lost their job and was a month away from foreclosure.

All that said, if global money moved faster across all spectrums, what problems would that solve? How much does liquidity impact the different people, both linear and vertical in terms of value, across the financial spectrum? Does reducing the time it takes to move money from days or weeks to a matter of seconds mean something to you? I believe it does.

One such proponent of increasing liquidity is currently in a legal battle with the SEC. the outcome may be telling of which way finance is headed.

– Rand

All opinions are my own and should not be considered investment advice. I am doing this to provide entertainment.

Tweet = Control = Bitcoin Control?

Tweets from business leaders like Elon Musk reshape the landscape of assets like bitcoin in a matter of minutes. Be mindful, though. Elon is in the business of sustainable energy and mining bitcoin consumes massive amounts of energy.

Musk bought $1.5 billion worth of bitcoin only a short time before expressing that Tesla will no longer accept bitcoin for payment, pushing the price of bitcoin downward. If bitcoin mining operations in China were crippled by substantially lower the value of the cryptocurrency, it could pave the way for renewable energy companies like Tesla, controlled by Musk, to bring the operation to the United States.

Bitcoin miners need to have the asset at certain levels in order for the operation to be profitable, at least to break even. Each time bitcoin halves (May 2020), the value of the coin needs to appreciate in value for the operation to remain financially viable.

Gaining control in business sometimes requires making it no longer financially viable for a competitor to perform business operations. Digital assets is business, and big business at that. To give some perspective of where this decade old industry reaches today, we should include financial markets and institutions, energy, government regulators, consumers, and retail business across the globe. It is a world-wide part of the economy and to think it will not continue to progress is to be obtuse.

Musk, among other industry titans, have the opportunity to gain massive influence over the industry, and they know it. Post a “tweet” and sink the market? Effecting billions of dollars has never been so immediate. It also opens an opportunity to bring control of bitcoin mining operations to the United States amid a loosely defined regulatory period surrounding the cryptocurrency market.

Musk has a monumental opportunity to mine digital assets (those that require that activity) through renewable energy, rather than coal power currently deployed in other countries.

– Rand

All opinions are my own and should not be considered investment advice. I am doing this to provide entertainment.

#bitcoin #cryptocurrency #renewableenergy #elonmusk #bitcointweet #digitalasset

Surrounded by the Buzz of Bitcoin.

Bitcoin is the catch-all buzzword when it comes to most people talking about digital assets, and perhaps it deserves to be. It was the first one out of the gate to make huge headway in a new asset class. However, just as a copy is a copy and Xerox is a company that makes copy machines, though many people say, “make a Xerox,” we need to separate Bitcoin from being the all-encompassing digital asset.

Entry into this era of digital assets is a matter of timing, and that timing is left to you, the individual investor. My style of investing prefers to wait until investment vehicles, security, and regulatory actions are in place or close to becoming in place. It is a game of wait and see, hopefully having intelligently deduced what the final result will be that satisfies my objective.

I have been watching the regulatory environment, filed any crypto holdings or trades I had with my tax returns (because the IRS requires it), and heard from my bank that they “do not typically release funds to Coinbase.” Though they do eventually release the funds.

The average investor that wants to get in the digital asset market before the possible onslaught of major banking firms open the doors can look inside the United States.

For starters, Coinbase (San Francisco, CA), Uphold (Headquartered in Charleston, SC), Evercoin (Silicon Valley), and Bittrex (Seattle, WA) are US based firms that provide different investment vehicles and options for the digital asset investor.

Coinbase

A major digital currency exchange that allows for the deposit of $USD (fiat) from your bank account to a USD account within the Coinbase platform, or directly purchase Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), and Litecoin (LTC). The platform has been in the news recently as the Securities and Exchange Commission (SEC) and Wall Street have been gearing up for the digital asset revolution.

Uphold (Welcome to Uphold. The Internet of Money)

Feels more like a brick and mortar institution, in my opinion, for the digital currency space. To me, that is comforting. Here, you can buy and sell over 30 different assets that you can hold, exchange, or sell around the world. Currencies available for bank transfers include: US Dollar ($), Euro (€), British Pound (£), and Chinese Yuan (¥).
Uphold has also achieved the distinction of supplying a Cryptionary (like a dictionary) for users to facilitate an understanding of the language and buzzwords in the digital asset environment. This is an excellent tool and I suggest that you look at it to better familiarize yourself with the industry.

Evercoin

An exchange. Here, you can exchange currencies from one to another. For example, you want to exchange Litecoin from your Coinbase account to XRP that you hold in a digital or hard wallet, you can do it through Evercoin. Select the amount of one coin that you want to exchange for another and the application automatically sets the amount of the other coin you will receive. The exchange rate already includes all fees, so what you see is what you get. Very easy to use.

Bittrex

Has the look and feel of a professional trading platform and may be a bit scary for newcomers to the digital asset investment world. They are based in Seattle, WA and was founded by previous Microsoft security professionals. They host a massive number of cryptocurrencies with over 190 available.

Wallets: Hot and Cold

Hot wallets store your crypto on an internet enabled device. You also have the option of storing your assets directly on the exchange you are using, and should research the level of security, past breaches, and insurance coverage provided should a hack occur.
Cold wallets store your crypto offline. Currently, this is arguably the most secure way to store your digital assets. There are different manufactures of these devices and each device may NOT store the different digital assets that you are interested in purchasing. DO YOUR RESEARCH to learn which cold wallet will perform for your investment needs.

Examples:
Think of it like this:

HOT WALLET= connected to the internet (MultiBit, Armory (desktop wallets) MyCelium, CoPay (mobile wallets)
COLD WALLET= NOT connected to the internet (Trezor, Keepkey, Ledger Nano S)

All of the examples above; the exchanges, platforms, apps, and wallets have different user features, fees and account set up requirements. Be prepared to offer your personal identifying information in order the financial and banking regulatory rules be adhered to. These verifications vary from a copy of your driver’s license, to possibly more if you are a big investor. Do your own research and understand the risks associated, the assets you are interested in, and other details such as purchase and withdraw limits.

This post is meant to wrap your head around entering the digital asset investing world. There are many questions and regulations that need to be ironed out, and time will establish the system. My point is this; I believe that the digital asset is here to stay and where it took Amazon 20 years to reach its share price, the digital asset world will move more quickly. Technology and the digital world has become not only comfortable and familiar, but necessary. This is the next extension of the digital evolution.
I am not a financial advisor and you should perform your own research, due diligence, and obey tax and regulatory laws.

Best,

Rand

NOTE: As the domain name of this site suggests, the content my blog posts are opinion and not investment advice of any kind. Do your own research before making any decisions to invest (or not to invest). I am not a financial advisor. I am simply sharing information I gather from across the web, news, and media outlets and drawing my own possible conclusions.

The Noise can be Distracting

Just over ten years since the creation of Bitcoin, we have one of the most controversial presidents of modern times blasting the existence of Bitcoin publicly. Why would the president of the United States take time to cast opinion on something “based on thin air?”

One can only assume that cryptocurrency has been gaining traction behind the scenes and if the general public has just been brought into the loop from a political standpoint, you can be certain that the big players have already made substantial stakes and plans in the future of cryptocurrency. The confusion is being brought to the future retail investors and there is no better way to that than to politicize an effort.

Understand that the value of the US dollar is backed by the full faith and credit of the United States. It is no longer backed by physical gold. It is based on a form of psychological trust. This trust propels the economy and gets the honest person up in the morning to go out and make government backed money to support their living.

Honestly, it shows that if we really understood where the value of a dollar comes from, it should see magnificent swings in its value based on the majority party of any given election cycle, more so when a major change of party or leadership takes place.

Both the dollar and digital assets are based on trust in something. Albeit, one will not be hard pressed to find opposition of either asset class. Imagine the possibility of transferring trust from a politicized government backed currency to a system of checks and balances that resides on a global public ledger tracking all transactions without the ability to tamper. Take this notion even further and visualize a system of digital assets that improve and validate the flow of currency, real estate, contracts, goods and services globally in a regulatory framework that enhances transparency and accountability.

Let us see what October brings with various digital asset opportunities.

Best,

Rand

Words and opinions are my own. This is for entertainment purposes and to share my own opinions. This is not financial advice.

#digitalasset #cryptocurrency #digitalfuture

 

The bulls have it, the bears want it. Will crypto pull from a market correction?

The general feeling of continued market stability is coming under question. Some have proposed severe market downturns. The inevitable will happen, but when?

Whether you believe that someone has the crystal ball on market forecasting is entirely up to you. I am a student of history and history does repeat itself, though not entirely in the same manner or breadth each time, the overall cycle does come full-circle. I like to be prepared.

Will cryptocurrencies become a new hedge against market corrections? Will they replace, compete, or partner with precious metals and other traditional bear market safe havens?

As we near the decision of whether the SEC will permit Bitcoin ETFs (delayed until September 30, 2018), I believe that we will see a shift into this new asset class by large investors, banks, family trusts, and eventually, the individual investor. VanEck has proposed a $200k minimum to ensure that investors are in fact accredited and fractional shares will not be available.

Volatility will continue due to uncertainty in the news and various other sources about which cryptocurrencies will be the best bet in both the short and long term. For the up-to-date investor, that is anyone’s game. Regulatory frameworks are well under way, though likely out of sight to the average investor. As regulatory frameworks are developed, the landscape will change. Lobbyist groups, such as the Blockchain Association, are currently leading the charge across the political landscape representing companies like Coinbase, Polychain Capital, and others.

The end of Q3 and all of Q4 should have some very interesting action that I believe will give a little more perspective to the digital asset sphere. Particularly, the SEC review for the Blockchain ETFs and certain work in the blockchain/crypto sphere that is expected to go live, affecting the use of particular cryptocurrencies.

Best,

Rand

NOTE: As the domain name of this site suggests, the content my blog posts are opinion and not investment advice of any kind. Do your own research before making any decisions to invest (or not to invest). I am not a financial advisor. I am simply sharing information I gather from across the web, news, and media outlets and drawing my own possible conclusions.

What do a Former US President, Keynote Speech, and Cryptocurrency have in Common? Ripple Labs.

A puzzle involves strategy and seeing a picture of the final result can help you develop that strategy.

In difficult puzzles, there is an indiscernible area of the puzzle that you guess your way through. Maybe a field of grass where the blades are so alike one another that the only way to find the next piece is to find the proper shape of the puzzle piece, rather than looking at the picture.  This is the cryptocurrency world. The picture, however, is not right in front of us, so we are often left to our own reasoning, understanding, and logic.

The players are either known or unknown with a landscape that changes often and internationally. Built on the blockchain, cryptocurrencies are but one use for this technology, and each crypto can have an entirely different use case. Some will rise to the top and be adopted as accepted technology, while others wither away before they even gain a foothold in the marketplace. Others still will come into existence, grow their market share reaping hefty profits, only to crash leaving retail investors wondering how this “get rich quick” scheme didn’t work out.

As an investor, researcher, and investigator, you are watching all players, sifting through news, tweets, whitepapers, and the like. Governments, bankers, investors, and companies are at the table. Even with the seemingly perfect strategy, you may come up short. Researching and connecting dots in this infant asset class while watching new use cases unfold is fascinating. That is why I write about the crypto sphere.

Take for example Ripple Labs. Ripple is a San Francisco based company that founded a very specific niche in the blockchain-cryptocurrency world. They focus on international payment remittances and liquidity for cross-border payments. To make the almost instantaneous liquidity possible (i.e. sending USD to Japan for Yen in a matter of seconds), the dollar converts to a cryptocurrency called XRP, then to Yen, almost immediately. This is ground-breaking in the world of finance and money transfer. The other contender in the payment remittance sphere is IBM, which uses the Stellar (XLM) platform.

Using a cryptocurrency to act as a liquidity solution brings some concerns, such as the price stability of that currency. If trading volatility affects prices, how might that affect the cost of the transaction for the transacting parties? The instant in-and-out speed (about 3 seconds) of using the XRP ledger should quell some level of this concern working to provide real-time gross settlement of payment (RTGS).

Banks and money transfer platforms (Western Union, MoneyGram, etc.) must hold reserve funds  (in Nostro/Vostro Accounts) in order to facilitate these cross-border payments and the time can take days to perform the transactions using the existing system.

Ripple asserts that they are not XRP and if Ripple were to shut its doors forever, XRP will still exist. Think of it like this: Ripple is a company that has designed some of its services to use XRP. I suggest gaining greater insight into Ripple as a company due to their fascinating approach to blockchain technology. I am not suggesting an investment into XRP, but an understanding of Ripple. They have surrounded themselves by very influential people and are a company to watch as the cryptocurrency and blockchain revolution progresses.

Former US President, Bill Clinton will be the keynote speaker for a Ripple event called Swell. Ripple invites well-thought  regulation to the cryptocurrency marketplace. As a matter of fact, Ripple has been very vocal about their intentions to work with regulators. Ripple’s business focus is within a very regulated industry and aims to improve the efficiency of certain banking functions.

Ripple Labs promotes that Swell, “connects the world’s leading experts on policy, payments, and technology for the most provocative dialog in global payments today.” Having former President Clinton, Founder and Board Chair of the Clinton Foundation, shows me a strong effort to bring government regulators to the table.

Best,

Rand

DISCLAIMER: As the domain name of this site suggests, the content of my blog posts are opinion and not investment advice of any kind. Do your own research before making any decisions to invest (or not to invest). I am not a financial advisor. I am simply sharing information I gather from across the web, news, and media outlets and drawing my own possible conclusions. I hold XRP and XLM.

Cryptocurrency Investing is Surrounded by Powerful Information.

Let’s take a look at the hiring statistics for Coinbase:

Coinbase is arguably the fundamental route for cryptocurrency new-comers to get into the market. That is not to say that other options do not exist, perhaps even better options. Options that may spread more of the cryptocurrency universe at your fingertips or suite your particular style. Remember, Coinbase currently hosts only four currencies so far: Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), and Litecoin (LTC).

With the investment world still largely focused on technology firms such as Amazon and Apple, which have tremendous market capitalizations, expansion, and hiring trends, I think it wise to look at the growth of companies and industries surrounding the cryptocurrency market.

The hiring data from Coinbase as it is available on Linkedin.

Coinbase Hiring - Linkedin Stats

Certainly, we can look at this exponential growth as an indicator that this market segment is growing…quickly. In July of 2016, Coinbase employed just under 211. In two years’ time, they have grown at a rate of 170% to a current total of 570 employees.
As an investor looking for cues and educational instruments regarding the growth and stabilizing of an emerging market, employment data of leading companies in the sphere is a good place to start. This is not to say that it is the crystal ball, as we know that companies rise and fall with the times.

Let’s take a look at BlackRock.

This is a July 16, 2018 video clip from an interview with BlackRock’s Chairman and CEO, Larry Fink.

https://www.bloomberg.com/news/videos/2018-07-16/blackrock-s-fink-says-clients-aren-t-looking-to-buy-cryptocurrency-video

After being asked by Bloomberg interviewer Erik Schatzker, Mr. Fink says that none of his clients have expressed any interest in crypto. Meanwhile Schatzker states that Goldman Sachs, JP Morgan, and Morgan Stanley are building out crypto trading desks.
Mr. Fink again states that he has not heard from any clients that they want to be in crypto. You can develop your own conclusion about what he says, but I believe that he may not be showing all of his cards.

The Elephant in the Room: Insurance for Crypto Assets:

Bloomberg published an article recently uncovering the quite side of insurance for cryptocurrency storage. AIG, Chubb, XL, and Aon are a few of the tycoons quietly, and quickly, building their portfolios for insuring the cryptocurrency markets. Read the full article on Bloomberg.

Some quick market research on cryptocurrency topics show that this asset class is quickly becoming an allure to not only the original crew of techies, but to the financial institutions that our economies rely on.

The Final Take:

There is an incredible amount of information and misinformation to be found with regard to cryptocurrencies. From where I stand, I prefer to look at the digital asset’s underlying use case. Where is the news around not only the coin, but the institutions that play a part in making it available? Even then, some digital currencies exist today, that may not exist in the future. Regulators may come down with one fell swoop and knock some (or many) coins/ICOs/tokens out of existence.

If you are reading blogs such as this, you are obviously intrigued with the idea that the cryptocurrency market is ripe for the picking. It is my intrigue with this new asset class that has me writing this blog and providing the insights that I find.

Read. A lot.

I can tell you that with the onslaught of new cryptocurrencies and ICOs (Initial Coin Offerings), there are many bogus attempts to lure people’s money into worthless coin purchases. Look at the structure of the crypto asset and use your reasoning to determine which tokens you want to get into.

CoinMarketCap provides an extensive listing of available coins. Currently, there are 1,656 coins listed and prices range from fractions of a cent to thousands of dollars. However, not each of the coins listed is available through the same platform. In some cases, you need to discover an exchange method for purchasing a specific coin. This could very likely mean buying a token on a platform like Coinbase and exchanging that coin for another coin, which you hold in a wallet. This is a major reason why people are finding it difficult to get in the crypto currency asset pool.

The cryptocurrency market is global, but regulated differently by the country you reside in. You may be able to set up some accounts in one country that you are unable to use in another.

For example, DX.Exchange is an institutional and individual trading platform sitting on NASDAQ’s technology. Though NASDAQ is based in NYC, DX.Exchange is based in Estonia and will be regulated by the Estonia Financial Supervision Authority. The regulatory issues keeps the US usability of this platform at zero, as of now.

Best,

Rand

NOTE: As the domain name of this site suggests, the content my blog posts are opinion and not investment advice of any kind. Do your own research before making any decisions to invest (or not to invest). I am not a financial advisor. I am simply sharing information I gather from across the web, news, and media outlets and drawing my own possible conclusions.