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UK Finance Minister, Phillip Hammond, has pledged to oversee the development of vibrant Cryptocurrency markets in the country. The Minister went on to state that the Cryptocurrency markets would be improved through a formulation of effective policies, which are customized for the UK markets. The world’s fifth-biggest economy (Nominal GDP) is one of the most significant Cryptocurrency markets.
To effectively formulate the policies, the UK government ordered the Financial Control Authority (FCA) and the Bank of England to select a panel of Financial experts to deliberate on the role of Cryptocurrencies in the UK and the regulatory framework to be considered. The UK, therefore, becomes one of the major global financial leaders to initiate a task force to deliberate on the set of structures for regulating the Cryptocurrencies. The French AMF and the US, the House of Representatives Committee on Finance, Securities and Trade has kickstarted the process.
This move, by the UK, comes after the G20 Summit declared that the Cryptocurrencies are Assets rather than currencies. The G2O, however, advised the relevant global institutions such as the World Bank, OECD, FCB and the SFSG to draft framework for sustainable policy formulation.
The British Financial Technology form – Fintech – is expected to partner with Britain’s long-term trade partner, Australia in Cryptocurrency markets. The British strategy “Financial Technology” (Fintech) is expected, under this deal to be operational in Australia. This deal, additionally, entails the transfer of laws and regulation concerning Cryptocurrencies herein referred as “Fintech.” Under this strategy, Australia will constitute an Institution called Fintech Australia, and Britain’s will Innovate Fintech. The two institutions are expected to collaborate on all matters touching on Cryptocurrencies. The UK and Australia markets combined have a population of about 100 million people, which translates to a vast market with massive potential.
The UK Finance Minister further expressed the nations wish to be a front-runner in Cryptocurrencies trade which he termed as a digital evolution. The new laws to be formulated will regulate the UK ICO markets and Cryptocurrencies to enhance transparency and accountability. Furthermore, regulation will ensure that ICOs and Cryptocurrencies are stabilized so that they become sustainable investment approaches to raising capital, earning interests and paying taxes to the government.
However, despite the assurance of better days ahead by Charlotte Croswell, CEO Innovate Fintech, the Bank of England and the FCA are yet to assure the British Market that the Cryptocurrency ventures a are safe investments following earlier warnings of uncontrolled volatility
What to expect
The US, France and other countries have set precedence for government interventions in crypto markets. With the UK on board, we hope to see more states following suit and initiating processes of framework development to support crypto markets.
It is becoming clear to the world that the G20 has already welcomed Cryptocurrencies as a new technology worth nurturing for the future financial services expansion. Before the July 2018 Cryptocurrencies testimonial presentation to the G20, we expect that more countries would have developed a conducive environment for ICOs and Cryptocurrencies.
More startup technology firms will flout the ICOs and Cryptocurrencies process would soar in this positive news. As investors get their stake before a price surge. As at March 22, 13h00, the Bitcoin Price was trading at a high of $9,084.78 and low of 8, 745.32; Pundits are optimistic that the price on the world’s most famous virtual currency would hit $9,500.00 as governments, the G20 and many corporates undo the adverse effect of Google and Facebook ban in their endorsements of validity and viability.
Virtual Reality came out a few years ago. Back then, most people didn’t take it seriously, many actually never thought of it as more than just a cool toy for children to play with. But VR technology has morphed into something else, and it’s now making inroads in the Blockchain. It’s a whole new level of content creation, and the demand for 360˚ Virtual Reality content has skyrocketed. ImmVRse wants to fill the gap left by the massive lack of high-quality VR content in the advertising, gaming, viewing markets.
ImmVRse is a Blockchain-driven VR platform where advertisers, viewers, and content creators can share, trade, and distribute VR content using the IMV token. There are several blockchain-based VR platforms at the moment, but none of them can measure up to what ImmVRse is promising to deliver for Virtual Reality Content creators. All the available platforms provide content in 2D/180, and that doesn’t do much to stimulate or encourage growth in the industry. ImmVRse wants to create a whole new ecosystem for VR consumers as well as content creators.
ImmVRse Goal
ImmVRse seeks to solve some of the biggest problems associated with VR industry at the moment. For instance, there’s general lack of high-quality content in the Virtual Reality World. Tech companies such as Samsung, HTC, Sony, etc. have gone ahead to create some quality VR devices but these gadgets remain underutilized since there is not enough quality content to match their capabilities. In fact, most of these devices are only restricted to a few gaming platforms.
ImmVRse intends to solve this problem by creating a platform for Virtual Reality content creators to market and trade their handiwork. All transactions will be made via the IMV token, and content creators can collaborate to create good quality content. The platform is decentralized, meaning that brands, advertisers, and creators will all be allowed to share VR content. ImmVRse is the marketplace for the trading of VR content and is also the distribution platform for content creators. There are no geographical or regulatory limitations in the ImmVRse platform, which makes cross-border transactions easier and a lot cheaper.
ImmVRse Features
ImmVRse is a distributed, decentralized VR platform that allows advertisers, brands, and content creators in different parts of the globe to come together and create the best quality VR content. It’s the first of its kind, at the moment; no other VR platform offers these features. This platform is scalable and as such, allows other types of media production such as 3D animation. However, the platform’s primary focus is Virtual Reality/ Augmented Reality /Mixed reality. ImmVRse users will use the blockchain inbuilt Cryptocurrency known as IVR to facilitate transactions.
Conclusion
Two of the most disruptive technologies of the 21st century are Blockchains and Virtual Reality. ImmVRse combines these two technologies to facilitate the creation and distribution high-quality VR media productions and at the same time, creates direct employment of a large number of content creators. ImmVRse platform users really get to enjoy the best of both worlds.
bitcointalk username: Ico Friends
In the 13th G20 Summit held in Buenos Aires, Argentina, the G20 has called for further actions to regulate the Cryptocurrencies by July 2018. The world’s most influential Economics and, Financial Institution was expected by some quarters to draft an array of regulations, but they have instead passed over the task to the relevant global institutions.
The G20 has concluded that Cryptocurrencies are assets rather than currencies and they seek to have a concise framework to regulate this new technology in financial markets. But the group is cautious of the process and has asked for a risk assessment into drafting the set of regulations. The International Monetary Fund (IMF) and the Financial Stability Board (FSB)-institutions that assess financial systems worldwide- will present the risks posed by this process of drafting regulatory polices by April 2018.
Pundits explain such a move as an outcome of FSB Chairman’s Mark Corney, who advised the G20 not to impose regulations on Cryptocurrency just yet as they account for less than 1% of the Global GDP. Mr. Mark further explained in his letter to the G20 on the eve of the summit that even if all the Cryptocurrencies prices surged to their maximum potential, they would not, most probably, exceed 1% of Global GDP. This emerging development does not warrant, immediate action, he advised.
The G20 summit asked the Framework Working Group (FWG) to develop various approaches for consideration. The global leaders pointed out that the body should focus on taxes, competition, data and public expenditure aspects of the Cryptocurrencies. The findings would then inform their next agenda for the year in regards to Crypto-Assets. The FWG have to ensure that their results are specific to different countries economic environments.
In addressing the issue that ICO Markets abet money laundering, the IMF is expected to give a detailed report of capital flows across borders. This request shows that the G20 is demonstrating a particular concern to the allegations from many quarters that ICO Markets are used for money laundering activities and tax evasion. The IMF findings and recommendation will form the basis of G20’s policy formulation agenda in their October 2018 summit. The IMF has a deadline of July 2018 to present the findings and recommendations.
The G20 summit also called on the Organization for Economic Cooperation and Development (OECD) to present a code of liberalization on capital movements. In collaboration with the IMF, the OECD is expected to show how transparent the capital transfers have been in the wake of ICOs.
Finally, the Sustainable Finance Study Group (SFSG) is expected to give a full report on the options available for all G20 members in regards to Capital Ventures in regards to crypto-assets. It is clear that the G20 is alive to the shortcomings in ICO Markets ventures and seeks to protect private investments, develop capital formations and ensure sustainability of ICO Market ventures.
What To Expect
We expect the regulations development process to start from July 2018 presentation of findings by various bodies. The policy framework for ICO Markets and Cryptocurrencies are likely to be in place latest by next year. This gradual and systematic policy formulation process is attributed to the FSB letter to the G2O which pointed out that Crypto-Assets and ICO Markets do not pause any immediate threat to the Global Economy.
Gamblica is a Blockchain-driven platform that focusses gambling. It’s a gaming platform that supports online gambling internationally. Gamblica gives people from all over the world an opportunity to gamble, irrespective of where they are from or how much they earn. Gamblica introduces a unique ecosystem with the aim of revolutionizing online gambling by making it scalable, transparent, and safe than we’ve ever imagined.
Gamblica creators have promised fair pay-outs, distribution of funds, betting slips odd calculation, card distribution, and random number generation. There are many reasons for investing in Gamblica by purchasing GMBC tokens. For starters, the online gambling market is ever-growing, no signs of slowing down in the near future. All payments within the platform are made with GMBC tokens only, which allows the token to grow faster.
Gamblica’s Main Aim
Built by a group of gambling enthusiasts, Gamblica’s main aim is to introduce convenience, safety, and increase transparency in the world of online gambling while eliminating fraud as well as location and income barriers. Gamblica wants to make it possible for all age appropriate and willing gambling enthusiasts to be able to do so conveniently and in a more pleasant environment.
Gamblica intends to eliminate gambling fraud, which has become a global problem, by providing an opportunity for each player to check and confirm casino algorithm. This project, unlike others in the same field, is under the leadership of seasoned gamblers. All they want it to improve the online gambling scene by getting rid of all the negative aspects associated with it.
Gamblica’s Components
Gamblica is based on a decentralized smart contract system that integrates innovative IT solutions. When gaming on the platform, the casino cannot block your withdrawals or user account. The system allows low transaction costs and fast transactions irrespective of where you are in the globe. When it comes to making transactions, you will only be limited by the Ethereum transaction throughput, no other limits.
Any player can use the blockchain record and casino’s public key to validate RNG. Another essential feature of the platform is its scalable universal system that allows cross-regional modification of the program. All these features are meant to increase fairness and transparency in online gambling. The Gamblica Blockchain supports a wide range of online gambling and gaming activities including online poker, sports betting, and casino games.
Conclusion
The online gambling world is facing a lot of problems. From poor personal data protection to problems with deposits and withdrawals, scalability, and high transaction costs, there’s no shortage of flaws in the online gambling scene. Gamblica wants to remove all these inadequacies and make online gambling safer and more enjoyable for everyone.
Is it a good idea to invest in Gamblica? Well, the company is led by a group of managers with a lot of experience in online gambling. This has resulted in a lot of investor confidence. It’s had to say for sure, but Gamblica seems to be headed in the right direction.