July 24, 2023 | Diplomatic Courier
Achieving Financial Inclusion in an Evolving Economic Landscape
Virtual assets and an open web-enabled infrastructure for data are the new frontier for global geo-politics and economics. Better financial regulatory guidance will ensure good governance and help bring about more fairness, security, and inclusivity in our financial system, writes Amit Sharma.
July 24, 2023 | Diplomatic Courier
Achieving Financial Inclusion in an Evolving Economic Landscape
Virtual assets and an open web-enabled infrastructure for data are the new frontier for global geo-politics and economics. Better financial regulatory guidance will ensure good governance and help bring about more fairness, security, and inclusivity in our financial system, writes Amit Sharma.
Excerpt
For the first time since Bretton Woods, money is primed for reinvention. Digital innovations, like cryptocurrencies and the underlying technologies they are built on, have opened the door for a new, more inclusive and efficient approach to finance—but only if implemented compliantly and securely. With proper regulation, there is a unique opportunity to leverage digital asset infrastructure to expand financial inclusion, strengthen financial system integrity, and position the United States as a technology and inclusion leader on the global stage.
Amit Sharma is founder and CEO of FinClusive Capital, and a member of the Board of Advisors of FDD’s Center on Economic and Financial Power.