Paul Vigna
speaker
1,291 appearances
13 recordings
1 series
first heard Jul 2017
last heard Apr 2022
Paul Vigna’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsNo recordings in the last 12 months.Older appearances are listed below; set an alert to hear about the next one.
Appearances
WSJ Your Money Briefing · Cryptocurrency Mystery: How Did $140 Million Disappear? · 7 Feb 2019
podcast
Absolutely, JR.
Thanks for having me.
What they're trying to form is a body that would basically institute a series of best practices, self-imposed rules and regulations for this industry.
Well, this is part of an effort that you've seen this among certain exchanges.
And to be clear, what you have now in the cryptocurrency market is a very broad global market, a lot of exchanges, a lot of people interested, but you don't have any kind of real oversight.
The things that exist in traditional markets do not exist at all.
So you have a lot of exchanges that allow people to trade, but their reliability is wildly divergent.
Some are already regulated.
We should point out, it's interesting, Gemini Trust, the Winklevoss' exchange and their company, operates under a charter, a trust charter from the state of New York, just like any other chartered trust bank in the state.
A couple of other exchanges are regulated.
They've given in to this idea that
In order to attract institutional money, in order to attract the mainstream, in order to be a reliable business, we are going to have to submit to some level of oversight.
They're subject to, like in the case of Gemini, they are subject to all the laws that any trust bank in New York State is subject to.
BitFlyer is one of the companies that received what's called the BitLicense, which was put out by New York State Department of Financial Services, which is another set of regulations that they adhere to.
So some of these exchanges have decided to work with regulators.
Others do not.
And that's the problem.
That's what this VCA is trying to get around.
What they're trying to form is a body...
that would basically institute a series of best practices, a series of sort of self-imposed rules and regulations for this industry that would provide some oversight, that would provide some transparency and some confidence.
Showing 801–820 of 1,291 · page 41 of 65
← Previous
Next →