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Exclusive: “Trust Me, Blockchain Adoption Is on the Rise,” Says Anndy Lian

Exclusive: “Trust Me, Blockchain Adoption Is on the Rise,” Says Anndy Lian

The Future of Blockchain

To get a clearer view of the evolution of blockchain in the next decade, as well as the opportunities and threats that the technology will create, we sat down with Anndy Lian, an inter-governmental blockchain expert and book author of Blockchain Revolution 2030.

Regulations and Policy Making

Q: Do you believe in the necessity of unified international laws and regulations regarding blockchain technologies to increase security regarding transactions and data management? 

A: That’s a very complex and controversial question. Blockchain technology is a global and decentralized phenomenon that challenges the traditional notions of sovereignty, jurisdiction, and regulation. Different countries have different approaches and attitudes toward blockchain and its applications, especially cryptocurrencies. Some are more supportive and proactive, while others are more restrictive and reactive. There is no global consensus or coordination on how to regulate blockchain technologies, which creates uncertainty and inconsistency for users, developers, and regulators.

“Blockchain technology is a global and decentralized phenomenon that challenges the traditional notions of sovereignty, jurisdiction, and regulation.”

On one hand, some may argue that unified international laws and regulations are necessary to increase security and trust in blockchain transactions and data management. They may claim that harmonized standards and rules would prevent fraud, money laundering, tax evasion, cyberattacks, and other illicit uses of blockchain technologies. They may also suggest that a global regulatory framework would foster innovation, collaboration, and interoperability among blockchain stakeholders and create a level playing field for fair competition.

On the other hand, some may argue that unified international laws and regulations are not feasible or desirable for blockchain technologies. They may contend that blockchain is inherently resistant to centralized control and intervention and that imposing uniform regulations would stifle its diversity, creativity, and potential. They could also point out that different countries have different legal systems, cultures, and values and that imposing a one-size-fits-all approach would violate their sovereignty and autonomy.

Therefore, I think there is no simple or definitive answer to this question. My preference is no.

Anyway, it depends on one’s perspective, interests, and values. I think there are pros and cons to both sides of the argument and that finding a balance between regulation and innovation is a difficult but important challenge for the future of blockchain technologies.

Q: Will regulatory standards and governance undermine the decentralized nature of blockchain or ensure consumer data protection and fraud prevention? 

A: That’s another interesting question. I think it depends on the type and degree of regulation and governance that are applied to blockchain technologies. Some regulation and governance may be necessary and beneficial to ensure consumer data protection and fraud prevention, as well as to promote trust, transparency, and accountability in blockchain transactions and data management.

“There is a trade-off between regulation and decentralization, and finding that optimal balance is not easy.”

However, excessive or inappropriate regulation and governance may undermine the decentralized nature of blockchain and compromise its advantages, such as efficiency, security, and innovation.

Therefore, I think there is a trade-off between regulation and decentralization and that finding the optimal balance is not easy. It may vary depending on the specific use case, context, and stakeholder of blockchain technologies. For example, some blockchain applications may require more regulation and governance than others, depending on the level of risk, complexity, and impact they involve. Similarly, some blockchain users may prefer more or less regulation and governance than others, depending on their preferences, expectations, and values.

I think the challenge is to design and implement regulations and governance that are flexible, adaptable, and responsive to the evolving needs and demands of blockchain technologies and their users. This requires a collaborative and participatory approach that involves all relevant actors, such as governments, regulators, developers, users, researchers, and civil society. This also requires a continuous learning and improvement process that monitors and evaluates the effects and outcomes of regulation and governance on blockchain technologies and their users.

Technological and Business Perspective

Q: What are the most crucial use cases of blockchain technology for the next decade? 

A: Money transfer and cross-border payments. Blockchain technology can enable faster, cheaper, and more secure transactions of money across borders without intermediaries or fees. Blockchain technology can also support the creation and adoption of cryptocurrencies, stablecoins, and CBDCs, which can offer alternative or complementary forms of money to traditional fiat currencies.

Data management and digital identity creation. Blockchain technology can provide a way to store, share, and verify data in a decentralized and immutable manner without relying on centralized authorities or intermediaries. Blockchain technology can also enable the creation and management of digital identities, which can give users more control, privacy, and security over their personal data and online activities.

Medical history digitization and personal identification security. Blockchain technology can help digitize and secure medical records, which can improve the quality and accessibility of healthcare services, as well as protect the privacy and confidentiality of patients. Blockchain technology can also help verify and authenticate personal identification documents, such as passports, driver’s licenses, or birth certificates, which can reduce fraud, identity theft, and human trafficking.

Top 3 Blockchain use cases

Q: Will smart contracts be highly adopted for trustless financial transactions and extended to stocks, bonds, futures, loans, mortgages, property rights, intellectual property, and other contracts?

A: Yes, smart contracts will be highly adopted for these purposes because they offer more efficiency, security, transparency, and innovation. They may claim that smart contracts can automate and streamline complex and repetitive processes, reduce transaction costs and risks, enhance trust and compliance, and enable new business models and opportunities. They may also suggest that smart contracts can empower users to have more control, choice, and participation in their financial activities.

Q: What opportunities does the convergence of artificial intelligence and blockchain bring? 

A: The convergence of artificial intelligence (AI) and blockchain will bring many opportunities for creating new products, services, and solutions that can benefit various domains and industries.

One of the opportunities is to create Web4, which is a term that refers to an intelligent and decentralized web ecosystem that leverages AI and blockchain technologies.

Web4 aims to overcome some of the limitations and challenges of the current web, such as centralization, privacy, security, scalability, and interoperability. It can enable more user-centric, democratic, and collaborative web applications that can empower users to have more control, choice, and participation in their online activities.

Economic Impact

Q: Will blockchain-based financial systems eventually replace traditional financial intermediaries? 

A: Blockchain-based financial systems are a relatively new and emerging phenomenon that aims to provide alternative or complementary solutions to traditional financial intermediaries, such as banks, brokers, and exchanges. Blockchain-based financial systems leverage the features of blockchain technology, such as decentralization, transparency, immutability, and programmability, to offer various financial services, such as payments, lending, trading, investing, and insurance.

Some examples of blockchain-based financial systems are cryptocurrencies, decentralized exchanges (DEXs), decentralized finance (DeFi), and central bank digital currencies (CBDCs).

 

“[There is a view that] blockchain-based financial systems will not replace traditional financial intermediaries but rather coexist or integrate with them.”

 

Some may argue that blockchain-based financial systems will eventually replace traditional financial intermediaries because they offer more efficiency, security, accessibility, and innovation. They may claim that blockchain-based financial systems can eliminate the need for intermediaries that charge fees, impose restrictions, create bottlenecks and introduce risks. They may also suggest that blockchain-based financial systems can empower users to have more control, choice, and participation in their financial activities.

However, others may argue that blockchain-based financial systems will not replace traditional financial intermediaries but rather coexist or integrate with them. They may contend that blockchain-based financial systems still face many challenges and limitations, such as scalability, usability, regulation, and adoption. In addition, they may point out that traditional financial intermediaries still provide valuable functions and services, such as trust, stability, compliance, and expertise.

Q: Will traditional financial service providers change their business model and embrace blockchain technologies? 

A: Yes, traditional financial service providers will change their business model and embrace blockchain technologies because they recognize the value and potential of blockchain technologies for improving their services, processes, and products.

They may claim that traditional financial service providers will adopt blockchain technologies to enhance their customer experience, reduce operational costs, comply with regulatory requirements, and gain a competitive edge. They could also suggest that traditional financial service providers will collaborate with blockchain startups, platforms, and networks to leverage their expertise, resources, and networks.

Q: Will companies that will tokenize their assets get a competitive advantage?

A: I think companies that will tokenize their assets will get a competitive advantage because they will be able to offer more attractive and innovative products and services to their customers, partners, and investors.

They may claim that tokenization of assets will enable companies to create new revenue streams, reduce operational costs, enhance customer experience and loyalty, and access new markets and investors. They could also suggest that the tokenization of assets will give companies an edge over their competitors, who are still using traditional methods of asset management and transfer.

Anndy Lian

Socio Cultural Impact

Q: Will blockchain technology eventually get widespread adoption? Will people start using and exploiting its potential even without fully understanding how the underlying technology works?

A: It seems that blockchain technology is gaining momentum and recognition among business leaders, but it still needs to overcome some obstacles and uncertainties before it can achieve mass adoption.

Such challenges and risks as regulatory uncertainty, lack of standardization, scalability issues, interoperability problems, and cultural resistance may hinder the widespread adoption of blockchain technology in the near future.

According to a survey by Deloitte, almost 80% of global executives view blockchain as “very important,” and more than 60% of executives believe regulatory issues pose a barrier to blockchain adoption. Another survey by SpendMeNot found that 81% of the 100 largest public companies indicate they use blockchain technology, and 30% of executives believe China will become a blockchain leader by 2023.

As for whether people will start using and exploiting its potential without fully understanding how it works, I think that depends on how user-friendly and accessible the blockchain applications are. Some people may not need to know the technical details of how blockchain works as long as they can trust and benefit from its features. Others may want to learn more about the underlying technology and how it can empower them to create value and innovation.

Trust me. All these are in the works right now. You may not see it, but [blockchain] adoption is on the rise.

Q: We all use the Internet and email but never think about how it works. Will it eventually be the case with blockchain, or is a proper education and understanding of the underlying technology required? 

A: Blockchain will be used and implemented without informing you. This is already in the works. Some financial institutions and banks are using blockchain technology to clear the back-end functions that their customers initiate. They do not need to tell everyone about their adoption.

I think blockchain education is important for both users and developers of blockchain applications. Users need to be informed and empowered to use blockchain effectively and responsibly, while developers need to be skilled and innovative to create blockchain solutions that meet the needs and expectations of users.

Threats and Obstacles

Q: What are the major headwinds slowing down the development and further adoption of blockchain technologies?

A: Scalability. Blockchain networks can be slow and inefficient due to the high computational requirements needed to validate transactions. As the number of users, transactions, and applications increases, the ability of blockchain networks to process and validate them in a timely way becomes strained. This makes blockchain networks difficult to use in applications that require fast transaction processing speeds.

Regulation. Blockchain technology is subject to legal uncertainty and regulatory complexity, which can create barriers or conflicts for its adoption and enforcement. Different countries have different approaches and attitudes toward blockchain technology and its applications, especially cryptocurrencies. Some are more supportive and proactive, while others are more restrictive and reactive. There is no global consensus or coordination on how to regulate blockchain technology, which creates uncertainty and inconsistency for users, developers, and regulators.

Acceptance. Blockchain technology is still relatively new and unfamiliar to many people, who may not understand its benefits or trust its features. Blockchain technology also challenges the traditional notions of authority, intermediation, and control, which may create resistance or skepticism from some stakeholders. Blockchain technology requires a cultural shift and a mindset change for its adoption and acceptance.

Q: Sustainability is also a growing concern. Is blockchain able to enhance environmental sustainability?

A: Blockchain technology can enable more effective and accountable climate action initiatives, such as carbon markets, climate finance, or climate governance. Blockchain technology can also enable the creation and exchange of digital tokens that represent environmental values or assets, such as carbon credits, green bonds, or natural capital.

“Start With the Basics”

Q:  Anndy, what is your personal advice to those who haven’t yet delved into the world of cryptocurrencies and blockchain technologies? What is the starting point? 

A: Start with the basics. Before diving into the technical details or the latest trends, it is important to understand the fundamental concepts and principles of cryptocurrencies and blockchain technologies.

You can start by learning about what cryptocurrencies are, how they work, and why they matter. You can also learn about what blockchain technology is, how it works, and why it is revolutionary.

There are many online courses and resources available for learning about blockchain technology, as well as initiatives that support blockchain innovation in education. I think these are valuable opportunities for anyone who wants to learn more about blockchain and its potential impact.

You can follow Anndy for the latest industry updates on LinkedIn and Twitter.

 

 

Source: https://www.techopedia.com/the-future-of-blockchain-anndy-lian

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
j j j

The Role of Pro-Crypto Politicians in Cryptocurrency Adoption: A Critical Examination

The Role of Pro-Crypto Politicians in Cryptocurrency Adoption: A Critical Examination

Cryptocurrencies have become a topic of heated debates and discussions worldwide. Pro-crypto politicians have emerged as enthusiastic advocates, highlighting the potential benefits of digital currencies, including economic growth, financial inclusion, and technological advancement. However, to gain a well-rounded perspective on the role of these politicians in cryptocurrency adoption, it is essential to consider the opposing viewpoints.

Critics argue that the speculative nature of cryptocurrencies often overshadows their supposed benefits, casting doubt on the claims made by pro-crypto politicians. They point out the highly volatile nature of digital assets like Bitcoin, which can lead to significant price fluctuations and create an environment conducive to speculative trading and market manipulation. Skeptics caution that the lack of robust regulations exposes investors to financial risks and has the potential to destabilize the broader economy. To address these concerns, pro-crypto politicians must acknowledge and address the risks associated with cryptocurrencies through appropriate regulatory measures.

Here are a few examples of politicians who have shown support for cryptocurrencies and have advocated for their adoption:

Francis Suarez:  Suarez is one of several local politicians in the US with a crypto-friendly stance. He took office as the mayor of Miami in 2017 and soon became the first American politician to take 100% of their salary in Bitcoin. He has also been hailed as one of the leading proponents of cryptocurrency adoption in the US.

Andrew Yang: Yang is a former Democratic presidential candidate who has been an advocate for cryptocurrencies. He has previously stated that he believes cryptocurrencies and blockchain technology have the potential to create a more transparent and accountable government.

Ted Cruz: Cruz is a Senator from Texas who has been a vocal advocate for cryptocurrency. He has proposed making Texas a “crypto oasis” and has introduced legislation to require vendors on Capitol Hill to accept crypto payments. He has also pushed for the adoption of cryptocurrency within Congress using incentives such as food.

Cynthia Lummis: Lummis is a Senator from Wyoming who has been a vocal advocate for Bitcoin and cryptocurrency. She believes that Bitcoin can be an effective store of value, and has criticized the U.S. dollar for losing its value over time due to inflation. Lummis also supports the idea of a decentralized financial system, and sees cryptocurrencies as a way to achieve this.

Here are a few examples of politicians who have voiced concerns or expressed reservations about cryptocurrencies:

Janet Yellen: As the former Chair of the Federal Reserve and the current United States Secretary of the Treasury, Janet Yellen has expressed concerns about the misuse of cryptocurrencies for illicit activities. She has highlighted the need for strong regulatory measures to prevent money laundering, terrorist financing, and other financial crimes associated with digital currencies.

Elizabeth Warren: Senator Elizabeth Warren has been critical of cryptocurrencies, particularly their lack of consumer protection and the potential for market manipulation. She has called for increased regulation and oversight to safeguard investors and ensure market integrity.

Brad Sherman: Congressman Brad Sherman has been one of the most vocal critics of cryptocurrencies in the United States. He has expressed concerns about the potential for cryptocurrencies to facilitate illegal activities, including money laundering and tax evasion. Sherman has advocated for a complete ban on cryptocurrencies, citing their potential threats to the stability of the financial system.

Gary Gensler: While not strictly anti-crypto, Gary Gensler, the current Chairman of the U.S. Securities and Exchange Commission (SEC), has emphasized the need for robust regulation and investor protection in the cryptocurrency space. He has voiced concerns about the lack of transparency, potential fraud, and market manipulation in the crypto markets.

Key Challenges

Regulation and oversight

The cryptocurrency industry is grappling with a significant challenge – the need for effective regulation and oversight. Pro-crypto politicians have consistently championed a light-touch regulatory approach, believing it to be the key to fostering innovation and driving industry growth. They argue that excessive regulation can stifle technological advancements and impede the potential benefits that cryptocurrencies offer.

However, opponents of this approach raise legitimate concerns about the potential risks associated with a less stringent regulatory framework. They argue that a light-touch approach might inadvertently create loopholes in regulations, leaving consumers exposed to various threats, including fraud, security breaches, and other malicious activities. Without robust regulations in place, critics assert that malicious actors may exploit the decentralized nature of cryptocurrencies, potentially resulting in financial harm to unsuspecting investors.

To address these concerns, critics emphasize the importance of comprehensive regulations that strike a delicate balance between nurturing innovation and safeguarding the interests of investors and the general public. They stress the need to implement measures that effectively combat money laundering, fraudulent schemes, and market manipulation. By establishing clear guidelines and standards, they argue that market integrity can be upheld, and a transparent and reliable crypto ecosystem can be built.

Furthermore, critics of the light-touch regulatory approach emphasize that effective oversight plays a crucial role in maintaining public trust in digital currencies. They assert that without proper supervision, cryptocurrencies risk being viewed as illegitimate financial instruments, thereby hindering their widespread adoption. Skeptics argue that by implementing comprehensive regulations and establishing competent oversight bodies, confidence can be instilled among users, investors, and the public at large.

While pro-crypto politicians advocate for a light-touch regulatory approach to foster innovation and industry growth, critics raise valid concerns about potential regulatory loopholes, consumer vulnerability, and the erosion of public trust. Striking the right balance between nurturing innovation and ensuring comprehensive regulations is a complex challenge that policymakers and stakeholders must tackle. By adopting a thoughtful and well-crafted regulatory framework, risks can be mitigated, investors can be protected, and a robust crypto ecosystem that fosters innovation and consumer confidence can be cultivated.

Potential for technological innovation

While politicians who support cryptocurrencies often emphasize the exciting possibilities for technological innovation, there are critics who voice concerns about their speculative nature. These critics argue that the volatile nature of cryptocurrencies and their susceptibility to market manipulation make them a risky investment choice, posing significant financial risks not only to individual investors but also to the broader economy.

Skeptics are quick to point out the unpredictable price fluctuations exhibited by cryptocurrencies like Bitcoin, which create an environment conducive to speculative trading and market manipulation. They argue that without robust safeguards and regulations in place, unscrupulous actors can exploit these vulnerabilities, potentially causing substantial losses for unsuspecting investors. These risks have far-reaching consequences, as financial market stability can be compromised.

Furthermore, critics caution against politicians who passionately promote cryptocurrencies without adequately addressing the associated risks. They argue that policymakers must recognize the potential dangers posed by speculative trading, market manipulation, and the lack of investor protection. Failing to address these concerns could inadvertently encourage reckless behavior and contribute to financial instability.

The concerns raised by skeptics extend beyond the individual investor’s well-being. They emphasize how cryptocurrency volatility can have a profound impact on the broader economy. Unpredictable price swings and market manipulations can erode market confidence, impact consumer sentiment, and disrupt established financial systems. To mitigate these risks and ensure the stability and integrity of financial markets, critics stress the need for comprehensive regulations and effective oversight.

In essence, while politicians in favor of cryptocurrencies highlight the potential for technological innovation, critics bring forth valid concerns regarding their speculative nature and associated risks. They caution against political endorsements that overlook these risks and advocate for a more measured and responsible approach to promoting cryptocurrencies. By acknowledging and addressing these concerns, policymakers can strike a balance that fosters innovation while safeguarding investors and maintaining stability in the broader economy.

Financial exclusion and inequality

Financial exclusion and inequality are critical issues that generate considerable debate within the context of cryptocurrencies. Pro-crypto politicians frequently emphasize the potential for financial inclusion, particularly in regions where access to traditional banking systems is limited. They argue that cryptocurrencies offer an opportunity for individuals without access to formal financial services to participate in the global economy.

However, skeptics express concerns about the decentralized nature of cryptocurrencies and its potential impact on existing inequalities. They argue that individuals with limited resources or technological literacy may face significant barriers when it comes to accessing and engaging with the crypto ecosystem. This, in turn, can exacerbate the digital divide, deepening the disparities that already exist within society.

Critics stress the importance of policymakers acknowledging and addressing these concerns to ensure that the benefits of cryptocurrencies are accessible to all segments of society. They advocate for the implementation of measures that bridge the gap and promote inclusivity. These measures could include initiatives to improve digital literacy, expand internet access, and make cryptocurrencies more user-friendly for individuals with limited technological expertise. By doing so, policymakers can help mitigate the potential for cryptocurrencies to perpetuate existing inequalities and instead leverage their transformative potential to foster financial inclusion.

It is essential for policymakers to consider the broader implications of cryptocurrency adoption and develop strategies that promote equal participation and access. By proactively addressing the challenges related to financial exclusion, policymakers can work towards creating a more equitable and inclusive crypto ecosystem. Through targeted efforts, education, and infrastructure development, it becomes possible to empower individuals from all walks of life to harness the benefits of cryptocurrencies and contribute to a more inclusive financial future.

Pragmatic and informed approach

In light of these arguments, it is crucial for policymakers and pro-crypto politicians to adopt a pragmatic and informed approach. While the potential benefits of cryptocurrencies are significant, it is essential to thoroughly evaluate and understand the associated risks. This includes considerations such as consumer protection, investor education, and cybersecurity. Critics caution against blind promotion of cryptocurrencies without considering the potential consequences. Instead, they advocate for evidence-based decision-making and collaboration with experts from various fields to develop effective regulations and policies that strike a balance between fostering innovation and ensuring public safety.

To sum up, while pro-crypto politicians assert that their support is instrumental in driving cryptocurrency adoption, skeptics raise valid concerns that cannot be ignored. Striking the right balance between innovation, regulation, and consumer protection is crucial for the sustainable growth and adoption of cryptocurrencies. Pro-crypto politicians must address these counterarguments and work towards comprehensive frameworks that maximize the potential benefits while mitigating risks. By making informed decisions and remaining adaptable, policymakers can pave the way for responsible cryptocurrency adoption in the future.

 

Source: https://www.securities.io/the-role-of-pro-crypto-politicians-in-cryptocurrency-adoption-a-critical-examination/

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
j j j

A Bullish Job Market In The US May Inspire More Crypto Adoption, NFT Expert Says

A Bullish Job Market In The US May Inspire More Crypto Adoption, NFT Expert Says

Anndy Lian, the author of “NFT: From Zero to Hero,” considers last week’s jobs data report — which showed a remarkable increase in non-farm payrolls and a marginal uptick in the unemployment rate — to be a potential catalyst for cryptocurrency adoption.

“Positive job data may influence governments to adopt a more favorable stance towards cryptocurrencies,” Lian told Benzinga.

The crypto industry presents an irresistible opportunity for economic development and innovation, he added.

See Also: U.S. CFTC Asks For Public Input On Digital Asset Risk Management – ‘The Commission Needs To Revisit Our Regulatory Oversight’

Lian also lauded Hong Kong for its proactive approach to fostering the growth of the web3, blockchain, and crypto industry.

StandardDAO‘s Aaron Rafferty, however, says the positive jobs report does not necessarily signify a considerable shift in the economic crisis currently impacting global markets.

Investment in blockchain companies has declined significantly as capital firms shift focus to artificial intelligence (AI) technologies.

“Given that crypto assets and the blockchain sector, in general, has been trending sideways over the past year, there is nothing in this report that would indicate a significant change to that trajectory,” Rafferty said.

Liberty Blockchain COO Christopher Alexander explained that while Bitcoin (CRYPTO: BTC) follows the trends of traditional markets, which have responded positively to the jobs report, ongoing fears of a looming recession could deter many large investors, curtail liquidity and hamper growth.

Raj Kapoor, the founder of the Blockchain Governance Council, drew attention to the ongoing regulatory debates surrounding cryptocurrency as a substantial obstacle to crypto startups’ ability to capitalize on positive economic signals.

Kapoor blamed the Federal Reserve’s aggressive monetary policy, which aims to rein in inflation by raising interest rates, as an additional near-term issue for crypto given the existing macroeconomic environment.

 

Source: https://uk.investing.com/news/cryptocurrency-news/a-bullish-job-market-in-the-us-may-inspire-more-crypto-adoption-nft-expert-says-3042452

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
j j j