The article “A Reckoning is Coming, but Cryptocurrencies Are Here to Stay,” co-authored by David Kelman has been published by The Globe and Mail.
This article takes a look at the current state of cyptocurrency in Canada: investors willing to forgo transparency and security for the enormous profit potential of digital tokens; the limited amount of guidance for participants looking to stay on the right side of the law; looming government intervention; and a desire to balance the need to innovate with the need to protect.
Writes David: “For now, greed is trumping logic, but for how long? How long until the hype fades, a number of ICOs fail (or turn out to be the frauds many believe them to be), and investors lose money and faith? A reckoning is coming – but this is not the death knell of cryptocurrencies. A regulatory scheme to govern the actions of token issuers and investors will unlock the longevity of the cryptocurrency market as it inevitably matures.”