The BCG hopes that bitcoin’s ability to be converted into any existent banking and immediately reused will assistance indurate a legitimacy as a viable financial platform. “Every day some-more stores are adopting bitcoin as a elite remuneration process over systems such as Visa, Mastercard, and PayPal, as merchants don’t need to compensate any transaction fees to accept bitcoin,” Bitcoin Group CEO Sam Lee told ZDnet.
What’s more, a company’s arriving IPO should serve countenance Bitcoin in a eyes of investors. “It’s about giving ourselves and a attention burden and legitimacy; people mostly doubt either a attention is ‘real’ as bitcoin has been announced passed many times over,” Lee continued. “Unlike private companies, however, listed companies have a aloft turn of compliance; audited numbers will support us in educating people meddlesome in a attention with facts, not fiction.”
Australia isn’t a usually nation to take a long, tough demeanour during Bitcoin and a underlying blockchain technology. A series of banks have called for a use, a US Commodity Futures Trading Commission (CFTC) has brought cryptocurrency under a jurisdiction and a US Securities Exchange Commission (SEC) now allows companies to emanate shares using blockchain tech (essentially what a ASX is