Cryptocurrency Is In The Spotlight As Bank Of England Says The $2.3 Trillion Cryptoasset Market Needs ‘Tough’ Regulations Despite Offering A Prospect Of ‘Radical Improvements’ In Financial Services; Digital Currency Drives Metrospac-es (OTC PINK: MSPC) In The PropTech Real Estate Space

 In NASDAQ: BPYPM, NYSE: BXP, NYSE: DLR, NYSE: KIM, NYSE: REIT AMT, NYSE: VNO-PL, OTC PINK: MSPC

Cryptocurrency is in the spotlight globally as a key executive for the Bank of England said the Cryptoasset market has reached $2.3 trillion in a largely unregulated space. He said it needs ‘tough’ regulation and acknowledged that it offers the prospect of “radical improvements” in financial services. Cryptocurrency, such as its preferred Cryptobucks, is key to the success of Metrospaces (OTC PINK: MSPC), a leader in the PropTech real estate space.

stockmarketpress.com features specialized coverage of related stocks including: Metrospaces (OTC PINK: MSPC), Vornado Realty Trust (NYSE: VNO-PL), Brookfield Property Partners LP (NASDAQ: BPYPM), Kimco Realty Corporation (NYSE: KIM), Boston Properties, Inc. (NYSE: BXP) American Tower Corporation Equity Lifestyle Properties, Inc. (NYSE: REIT AMT) and Digital Realty Trust (NYSE: DLR).

Cryptocurrency Is In The Spotlight As Bank Of England Says The $2.3 Trillion Cryptoasset Market Needs ‘Tough’ Regulations Despite Offering ‘Radical Improvements’ In Financial Services; Digital Currency Drives Metrospaces (OTC PINK: MSPC) In The PropTech Real Estate Space

Jon Cunliffe, Deputy Governor for Financial Stability at the Bank of England, received international coverage for saying in a speech that the $2.3 trillion crypto asset market needs regulation and that it could spark a global financial crisis absent necessary regulation. “When something in the financial system is growing very fast, and growing in large unregulated space, financial stability authorities have to sit up and take notice,” Cunliffe said. He asserted that the Cryptoasset market has grown from $16 billion five years ago to $2.3 trillion today.

He added, “The crypto world is beginning to connect to the traditional finance system and we are seeing the emergence of leveraged players. And, crucially, this is happening in largely unregulated space.” He also compared the $2.3 trillion crypto asset market to the $1.2 trillion subprime mortgage market which collapsed in 2008. He also acknowledged that cryptocurrencies offer the prospect of making ‘radical improvements’ in the financial services sector.

Many international media outlets reported his caution that cryptocurrency could spark a ‘global financial crisis’ in the future unless tough regulations are introduced. In a speech, he called this a “matter of urgency.” Cryptocurrency Is In The Spotlight As Bank Of England Says The $2.3 Trillion Cryptoasset Market Needs ‘Tough’ Regulations Despite Offering A Prospect Of ‘Radical Improvements’ In Financial Services; Digital Currency Drives Metrospaces (OTC PINK: MSPC) In The PropTech Real Estate Space.

Bitcoin is shaking up markets globally as it reached $59,740.05 last night. It is also being traded on a larger number of platforms.

Cryptocurrencies are an integral part of Metrospaces (OTC PINK: MSPC), a leader in the PropTech blockchain-driven real estate space. MSPC’s tech-forward digital platforms embrace and approve of its preferred Cryptobucks processing app across its platforms, Metrospaces and Metrocrowd. Shokworks is co-creator of Cryptocurrency and now is a minority equity partner in Metrospaces.

Central banks globally are accepting cryptocurrencies and even creating their own. Even the U.S. Treasury is not only accepting cryptocurrencies as assets, the U.S. Federal Reserve is even considering creating its own cryptocurrency to make the transfer of assets internationally simpler and more transparent.

Cryptocurrency digital currencies and tokenization play a central role in the successful strategy of Metrospaces (OTC PINK: MSPC) in its Shokworks-designed Metrocrowd  and Metrohouse platforms. The digital cryptocurrency using the MSPC’s preferred Cryptobucks processing app is accepted across all platforms of MSPC. As it emerges as a leader in the blockchain-driven PropTech globally in a new world of real estate, MSPC use of cryptocurrency is efficient, offers clear and transparent movement of funds and enables large real estate investors to hold real estate asset value in tokens.

Cryptocurrencies drive the markets — not the other way around. Cryptocurrency Is In The Spotlight As Bank Of England Says The $2.3 Trillion Cryptoasset Market Needs ‘Tough’ Regulations Despite Offering A Prospect Of ‘Radical Improvements’ In Financial Services; Digital Currency Drives Metrospaces (OTC PINK: MSPC) In The PropTech Real Estate Space.

MSPC was early to recognize the future of digital currency and tokenization and its increasing global role among central banks. As a PropTech leader, MSPC is using its preferred CryoBucks processing app for its investors, members of its co-living properties and all B2B global asset participants. Investors worldwide can hold asset value in MSPC developed real estate in tokens.

Worldwide cryptocurrency is now experiencing the acceptance that MSPC had predicted earlier. The motivating factor that is making central banks — and governments — accept digital currency, or cryptocurrency, is regulation and taxation. MSPC sees the ‘sweet spot’ of digital currency in its world of PropTech real estate. MSPC encourages its investors, clients and even the members in its co-living Metrohouse spaces to use Cryptobucks.

Oscar Brito, CEO of Metrospaces (OTC PINK: MSPC), is bullish on Cryptobucks as a blockchain technology payment app. He said, “As an innovator in the burgeoning prop tech community, Metrospaces is positioned to utilize the latest technology to propel the company into the forefront.” He added, “There will clearly be some very exciting opportunities for arbitrage between the private real estate market and the market driven by tokenization. We want to be right in the middle of that industry. We believe that this, added to tokenizing third-party assets as a service, will revolutionize real estate capital markets.”

The launch of MSPC’s new tokenization-cryptocurrency platform, Metrocrowd, has been scheduled mid-December 2021 for final version actives. MSPC will offer the service to world class real estate owners and developers as a third-party service. MSPC can also be a principal-to-assets that can later be tokenized on the platform. The company seeks to offer the most profitable and unique real estate assets to the platform.

Metrohouse is MSPC’s breakthrough co-living platform which enables GenZ, milennials and ‘tech-nomads’ to live an ideal hi-tech lifestyle in turnkey spaces located in desirable, urban spaces within vetted community members.

Cryptocurrency Is In The Spotlight As Bank Of England Says The $2.3 Trillion Cryptoasset Market Needs ‘Tough’ Regulations Despite Offering A Prospect Of ‘Radical Improvements’ In Financial Services; Digital Currency Drives Metrospaces (OTC PINK: MSPC) In The PropTech Real Estate Space

Learn more about MSPC at metrospaces.com, http://metrospaces.com/

www.metrospaces.io

Source: Stock Market Press

Join Stock Market Press’ newsletter for the latest in IPO, market commentary and company profiles.

Stock Market Press is a financial news company that delivers up to date stock news, introduces private and public companies to a wide audience of investors, consumers, journalists and the general public via social media and a rapidly expanding network.

Contact:

Stock Market Press
110 Wall St.
New York, NY 10005 info@stockmarketpress.com https://twitter.com/PressStock

Safe Harbor Statement:

Statements in this news release may be ”forward-looking statements.” Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions or any other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release and Stock Market Press undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release.

See Stock Market Press disclaimer: https://stockmarketpress.com/disclaimer/ SOURCE: Stock Market Press