The U.S. SEC Starts The Review Of The Postponed Physically-Backed Bitcoin ETF
There is a schism at the heart of the cryptocurrency community. Not just among investors, but also developers and start-up owners. If you were to be overly dramatic you might even refer to it as an ideological war.
However, the simple reality of the situation is that people disagree on the aims and direction of blockchain technology; not only the best application of the technology, but the potential impact of the technology on the world as a whole. The differences can be split generally into two camps.
On the one hand there are the true ideologues, those who believe in freedom from governments and regulation and wish to see the ivory towers of the banking institutions come tumbling down, beckoning a new, freer financial dawn. On the other side there are those who instead see integration of blockchain technology into existing regulatory and financial frameworks as the most likely outcome. They see blockchain is a technology that can improve not only the financial world, but also governmental and business functions. And not only that, the banks are too big to simply disappear. It is much more likely that they will instead use the best of the technology to improve their existing systems and functions.
Of course, as with most competing ideologies, the answer most likely lies somewhere in the middle. Blockchain – and especially Bitcoin – will undoubtedly provide greater financial freedoms, but it will also alter and improve existing functions across a myriad of industries. Indeed, we don’t yet know just how great its impact will be.
The relevance of the above is that where you as a person fall on this ideological spectrum will likely dictate whether or not Mobu is a project that appeals to you: if you want the blockchain to circumvent regulations then you probably won’t like it, and if you see the embracing of regulation as crucial to ushering in mass adoption then you probably will.
Because Mobu is all about regulation.
Specifically, Mobu seeks to operate as a platform to enable companies to create and distribute security tokens; to help such companies raise funds through the issuance of security tokens by helping them to comply with and jump through the numerous – and necessarily onerous – legal and regulatory requirements of such an offering.
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