What’s ahead for crypto and blockchain in 2022? Experts Answer, Part 2


Alan
is
the
chief
legal
officer
at
PrimeBlock,
a
sustainable
Bitcoin
mining
operation,
infrastructure
solutions
provider
and
member
of
the
Bitcoin
Mining
Council,
with
locations
spread
across
North
America.

“We’re
going
to
see
more
countries
adopting
crypto
as
a
legal
currency.
We’re
also
going
to
see
central
governments
coming
out
and
taking
their
own
currencies
and
putting
them
on
a
blockchain.
China
has
already
said
it
is
going
to
do
this,
which
will
speed
up
the
real
competition
for
private
cryptocurrencies
from
a
payment
perspective. 

Central
bank
digital
currencies
do
not
present
competition
from
a
store
of
value
or
inflation
protection
perspective
because
it’s
still
the
same
fiat
currency,
subject
to
the
same
monetary
policy
manipulation
by
central
banks.
It’s
certainly
something
that
is
fully
digital,
transparent,
and
has
both
good
things
and
some
very
scary
things
that
come
with
it.
The
hope
is
that,
at
least
in
the
United
States,
the
dialogues
around
CBDCs
will
happen
alongside
maintaining
the
values
of
our
society
in
mind,
including
our
own
privacy
and
control.

How
China
versus
the
U.S.
will
run
it
will
differ,
so
the
dialogue
needs
to
consciously
ask
the
right
questions.
There’s
a
way
to
get
carried
away
with
technology
that
really
ignores
the
fundamental,
social,
political,
philosophical
and
legal
impacts
it
could
have
on
society.
It’s
an
immensely
powerful
tool
—
I’m
not
understating
or
overstating
it.
The
government
has
a
lot
of
regulatory
control
of
the
payment,
banking
and
monetary
systems
now
by
regulating
important
intermediaries
like
banks
and
other
entities.
This
is
going
to
be
directly
impacting
us
on
a
micro
level.”

read original article here