{"id":722,"date":"2018-10-01T19:38:52","date_gmt":"2018-10-01T23:38:52","guid":{"rendered":"https:\/\/www.amp.legal\/blog\/?p=722"},"modified":"2018-12-21T22:53:55","modified_gmt":"2018-12-22T03:53:55","slug":"crypto-investors-seek-stability","status":"publish","type":"post","link":"https:\/\/www.amp.legal\/blog\/crypto-investors-seek-stability\/","title":{"rendered":"Crypto Investors Seek Stability"},"content":{"rendered":"

To create a globally accepted cryptocurrency, governments and investors need to trust its reliability. As nations and\u00a0financial institutions\u00a0continue to make crypto investments, there is a growing desire to implement and enforce regulations.<\/p>\n

An article from CoinCentral, How Venezuela\u2019s National Cryptocurrency is Working<\/em><\/a>, by Jacob Yoss, explained that countries are experimenting with national cryptocurrencies. In 2017,\u00a0Venezuela became the first country to implement a national cryptocurrency, the Petro, to be its primary currency.<\/p>\n

While many countries\u00a0are open to investing in the Petro, the cryptocurrency is very controversial. Wired<\/a> reported that International experts referred to the Petro as \u201ca scam on top of another scam.\u201d In the United States, an executive order<\/a> banned buying or investing in the Petro. The government concluded that supporting the Petro would obstruct the intent of U.S. imposed sanctions.<\/p>\n

\"ComputerBakkt Promises Reliability<\/h3>\n

The Intercontinental Exchange (ICE), owner of the New York Stock Exchange (NYSE), is launching the Bakkt<\/a> ecosystem. Bakkt and its partners, including\u00a0Microsoft, Starbucks, and BCG<\/a>, plan to transform\u00a0Bitcoin\u00a0into a global currency that is safe, efficient, and reliable. On Twitter, ICE announced<\/a> plans to offer Bakkt\u2019s first physically delivered Bitcoin futures<\/a> contracts instead of fiat currencies<\/a>. ICE explained in the Tweet<\/a> that \u201cbuying one USD\/BTC futures contract will result in daily delivery of one Bitcoin into the customer\u2019s account.\u201d<\/p>\n

MintDice<\/a> compared the pros and cons of the Bakkt ecosystem. The supporters of Bakkt believe that the platform will increase participation of institutionalized investors in the marketplace. Importantly, the platform will give\u00a0the investors more confidence to invest in cryptocurrencies. However, critics worry that Bakkt requires a centralized custodian, which defeats the purpose of a decentralized peer-to-peer network. Also, Wall Street could use derivative markets to influence coin prices.<\/p>\n

Bitcoin and other cryptocurrencies experienced a downward trend in early 2018. Looking forward, crypto-advocates<\/a> believe that Bakkt could be a catalyst that will encourage wealthy investors to enter the crypto-market<\/a>. The enthusiasm of new investors may cause virtual currencies to start growing again<\/a>\u00a0in value.<\/p>\n","protected":false},"excerpt":{"rendered":"

To create a globally accepted cryptocurrency, governments and investors need to trust its reliability. As nations and\u00a0financial institutions\u00a0continue to make crypto investments, there is a growing desire to implement and enforce regulations. An article from […]<\/p>\n","protected":false},"author":1,"featured_media":723,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[97,59,34,84,98],"yoast_head":"\nCrypto Investors Seek Stability - Cyber Law Blog<\/title>\n<meta name=\"description\" content=\"Cyber Law Blog explores legal topics with technology including privacy law and cybersecurity.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.amp.legal\/blog\/crypto-investors-seek-stability\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crypto Investors Seek Stability - Cyber Law Blog\" \/>\n<meta property=\"og:description\" content=\"Cyber Law Blog explores legal topics with technology including privacy law and cybersecurity.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.amp.legal\/blog\/crypto-investors-seek-stability\/\" \/>\n<meta property=\"og:site_name\" content=\"Cyber Law Blog\" \/>\n<meta property=\"article:published_time\" content=\"2018-10-01T23:38:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-12-22T03:53:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.amp.legal\/blog\/wp-content\/uploads\/2018\/10\/Blue-Butterflies.png\" \/>\n\t<meta property=\"og:image:width\" content=\"900\" \/>\n\t<meta property=\"og:image:height\" content=\"500\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Alice M. 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