CRYPTOCURRENCY
“THE USE OF THE NEW CPR GATEWAY TO SERVE DISCLOSURE ORDERS ON OVERSEAS CRYPTOCURRENCY EXCHANGES IS AN ENCOURAGING STEP IN THE FIGHT AGAINST CRYPTO FRAUD ”
SAM ROBERTS PARTNER , COOKE , YOUNG , & KEIDAN
These are being addressed by new crossborder fintech products that are enabling a growing number of transactions to be carried out seamlessly on the blockchain .
The NFT market will encourage greater adoption Although it ' s currently in a depressed state , the potential for tokenization to be used to transform traditional assets into digital , transferrable capital is growing . For example , moves are now being made to make real estate transactions on the blockchain . The use cases are increasing on an almost daily basis because they cut out the middleman – as well as the laborious and expensive paperwork , on top of weeks of processing time .
Halliday says : “ I believe we ’ re going to see greater use of cryptocurrencies as a force for good once trust is restored in the crypto industry . In 2022 , Ukraine showcased a great example of how this innovative technology can offer a rail of last resort for citizens left behind by traditional finance in their moment of need .”
He adds : “ But cross-border payments is not the only use case of crypto , and I expect we ’ ll see more practical applications emerge as smart minds in the industry find ways to use the technology to solve real-world problems .”
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