Rizikos kapitalo bendrov\u0117 \u201eAndreessen Horowitz\u201c (a16z) vie\u0161ai par\u0117m\u0117 JAV Preki\u0173 ateities sandori\u0173 prekybos komisij\u0105 (CFTC) ir sukritikavo atskir\u0173 valstij\u0173 veiksmus prie\u0161 prognozi\u0173 rink\u0173 platformas. Bendrov\u0117 teigia, kad valstija po valstijos taikomos taisykl\u0117s ir draudimai gali i\u0161balansuoti visos rinkos veikim\u0105.<\/p>\n
\u0160i pozicija i\u0161d\u0117styta CFTC pateiktame 18 puslapi\u0173 komentare, kuriame akcentuojama, kad kai kuri\u0173 valstij\u0173 reguliuotoj\u0173 taikomos priemon\u0117s, \u012fskaitant reikalavimus nutraukti veikl\u0105 ar si\u016blomus draudimus, es\u0105 kuria barjer\u0105 vienodai prieigai. a16z argumentuoja, kad priverstinis naudotoj\u0173 blokavimas pagal gyvenam\u0105j\u0105 valstij\u0105 kertasi su s\u0105\u017einingos prieigos principais, taikomais federaliniu lygmeniu.<\/p>\n
Bendrov\u0117 taip pat \u012fsp\u0117ja apie praktines pasekmes: jei platformos b\u016bt\u0173 priverstos riboti dal\u012f JAV vartotoj\u0173, ma\u017e\u0117t\u0173 likvidumas, prast\u0117t\u0173 kainodara ir did\u0117t\u0173 skirtumai tarp region\u0173. Tokia fragmentacija, anot a16z, ilgainiui gali suma\u017einti prognozi\u0173 rink\u0173 patrauklum\u0105 ir j\u0173 kuriam\u0105 ekonomin\u0119 vert\u0119.<\/p>\n
Federalinio ir valstij\u0173 lygmens konflikt\u0105 dar labiau a\u0161trina CFTC pozicija, kad vadinamieji \u012fvyki\u0173 kontraktai pagal savo prigimt\u012f gali b\u016bti priskiriami i\u0161vestin\u0117ms finansin\u0117ms priemon\u0117ms, tod\u0117l patenka \u012f CFTC i\u0161imtin\u0119 jurisdikcij\u0105. Tuo metu dalis valstij\u0173 reguliuotoj\u0173 ir generalini\u0173 prokuror\u0173 laikosi prie\u0161ingos nuomon\u0117s ir tokias platformas traktuoja kaip neregistruot\u0173 lo\u0161im\u0173 produkt\u0173 tiek\u0117jas.<\/p>\n
a16z tekste pabr\u0117\u017eia ir prognozi\u0173 rink\u0173 naud\u0105, argumentuodama, kad j\u0173 kainodara veikia kaip specifin\u0117 tikimybi\u0173 nustatymo ir informacijos agregavimo forma. Pasak bendrov\u0117s, tokios rinkos gali pad\u0117ti geriau \u012fvertinti neapibr\u0117\u017etus \u012fvykius, o blok\u0173 grandine paremtose sistemose papildomu privalumu laikomas didesnis operacij\u0173 atsekamumas.<\/p>\n
Diskusija vyksta prognozi\u0173 rinkoms spar\u010diai augant: pastaraisiais m\u0117nesiais did\u0117jo tiek j\u0173 populiarumas, tiek prekybos apimtys, o tai nat\u016braliai pritrauk\u0117 didesn\u012f reguliuotoj\u0173 d\u0117mes\u012f. Artimiausiu metu esminiu klausimu taps tai, ar bus suformuota ai\u0161ki, vienoda federalin\u0117 praktika, ar rinka toliau skils \u012f skirtingas taisykles taikan\u010dias valstijas.<\/p>\n","protected":false},"excerpt":{"rendered":"
\u201eAndreessen Horowitz\u201c stoja CFTC pus\u0117n ir \u012fsp\u0117ja, kad skirtingos valstij\u0173 taisykl\u0117s prognozi\u0173 rinkoms gali ma\u017einti likvidum\u0105 ir riboti prieig\u0105.<\/p>\n","protected":false},"author":0,"featured_media":16885,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[94],"tags":[7162,4858,115,1638,2283,114,138],"miestas":[],"class_list":["post-16884","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finansai","tag-a16z","tag-andreessen-horowitz","tag-bitcoin","tag-bloku-grandine","tag-cftc","tag-kriptovaliutos","tag-prognoziu-rinkos"],"acf":[],"_links":{"self":[{"href":"https:\/\/cp.snarskis.lt\/index.php\/wp-json\/wp\/v2\/posts\/16884","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cp.snarskis.lt\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cp.snarskis.lt\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/cp.snarskis.lt\/index.php\/wp-json\/wp\/v2\/comments?post=16884"}],"version-history":[{"count":0,"href":"https:\/\/cp.snarskis.lt\/index.php\/wp-json\/wp\/v2\/posts\/16884\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cp.snarskis.lt\/index.php\/wp-json\/wp\/v2\/media\/16885"}],"wp:attachment":[{"href":"https:\/\/cp.snarskis.lt\/index.php\/wp-json\/wp\/v2\/media?parent=16884"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cp.snarskis.lt\/index.php\/wp-json\/wp\/v2\/categories?post=16884"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cp.snarskis.lt\/index.php\/wp-json\/wp\/v2\/tags?post=16884"},{"taxonomy":"miestas","embeddable":true,"href":"https:\/\/cp.snarskis.lt\/index.php\/wp-json\/wp\/v2\/miestas?post=16884"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}