Block Seoul Day 1: Is cryptocurrency a new asset class?


It is apparent how cryptocurrencies are starting to change the world and how people live today. And yet, there is not much sense of urgency among governments and regulatory bodies in most territories and jurisdictions as to how these new form of money can be technically defined and used by everyone.

On the 17th of September 2018, the first day of the Block Seoul 2018 conference, a panel of investors and innovators came together to discuss what cryptocurrency is and define whether it is an asset class. The Financial Times described an asset class as a broad group of security investments that tend to act similarly in different market conditions. Equities like stocks, bonds, and cash are all asset classes.

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