Crypto technologies are much more than secure payment and investment mechanism enablers. They are seen as vital to a much broader “Web3”-based digital future. In this new digital economy, digital assets, decentralized finance, blockchains, smart contracts, tokens, and decentralized autonomous organizations work together in innovative ways—enabling new forms of human collaboration and value exchange. These include new ways of establishing, owning and participating in business, all with the promise of significantly lower costs, greater security, larger equity, and far wider participation.
Source Bloombergtax
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