On Tuesday

Chinese President Xi Jinping believes corruption to be its government’s biggest threat

The informal/black economy means it is difficult for the Chinese government to collect the correct taxes due, it also creates inequality in society, and is thought to be one of the ways that Chinese citizens take money out of the country. "The major business for most underground banks is now contra payments, leading to huge capital outflows and great damage to society. It's the major target of our crackdown," according to a recent notice issued by China's Supreme People's Procuratorate and reported in the South China Morning Post. The black economy arguably is responsible for China being such a huge...

There has been a lot written about the $100 trillion bond market and the $65 trillion equity market being “tokenized”, not to mention $8.4 trillion of global Real Estate, commodities, art, cars, Intellectual Property, etc. 

Indeed, Stephen McKeon who is an Associate Professor of Finance at the University of Oregon believes that tokenisation will transform capital markets, and has identified in his Security Token Thesis, eight reasons why.
·         24/7 Markets: Traditional bond and equity markets are not open 24/7 and some commodity markets, like copper, only trade 5 hours a day 5 days a week. Trading Security Tokens 24/7/365 is possible.
·         Fractionalization: The fractional ownership of particularly illiquid assets, such as cars, art, property, etc will allow retail investors access to these asset classes. As we see more of the smaller investors buying and selling,...