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Regulation is quickly becoming a hot topic in the crypto-world. The technology of blockchain and Bitcoin is here to stay. But to bring value to investors, it’s going to need tighter rules and more responsible companies with their eyes on the future. The next step will be figuring out how to establish rules, expectations, and regulations for making the market work smoothly. And one company is positioned to meet that need: Hashchain Technology Inc. This is a blockchain company that can do it all: mine coins, diversify investment in a variety of different crypto-currencies, and navigate the crypto marketplace.
But KASH is going a step further: it’s working on proprietary methods and new technologies to make compliance with new regulations easier. At a time when state agencies are cracking down on the free-for-all within the crypto world, KASH is set to making earnings from crypto-currencies regulation. Here are five reasons to take a strong look at Hashchain Technology Inc. The value of crypto-currencies was shooting through the roof, and everyone wanted in on the action. Now, the view is a bit different. Governments, banks, and investors are all worried that the frenzy over Bitcoin and other cryptos was fed by fraud. South Korea and China began considering bans on crypto mining, which is immensely energy-intensive and difficult to monitor.
South Korea specifically wants to start licensing crypto-currency exchanges to bring trading under closer surveillance, in order to prevent fraud. The crypto-currency Bitcoin has been accused of acting as a Ponzi scheme. Coinbase, the popular crypto market hub, has even been subpoenaed by the IRS to get information on its customers. Both political parties have now called for tighter crypto regulations.
While a full ban on mining isn’t being seriously considered, it’s certain that the crypto marketplace is going to come under greater control in the coming months and years. The company sees regulation of crypto-currency as the logical next step for the industry, and it’s taking steps to meet the new business conditions. The Node40 software, called Balance, reports transactions from major crypto-currency exchanges. Individuals on the blockchain trigger taxable events when they buy and sell crypto, but until now, no one was charting these events in a way that ensured regulatory transparency.
The potential for fraud was huge. With Balance at its disposal, KASH is providing tools to investors and regulators to account for transactions, providing up-to-date information on the crypto marketplace. The company currently has 870 rigs, with further acquisitions set to bring KASH to a total of 8. 4 MW of crypto-currency mining capacity by the end of Q2 of this year. Even with the booms and busts in the price of Bitcoin, the profits from crypto mining can be immense. Where gold mining only yielded an 11 percent return last year, investment in certain crypto-currencies can yield returns as high as 20,000 percent. And KASH doesn’t put its eggs all in one basket.
The company plans to diversify its crypto-mining operation, from the major coins like Bitcoin, Dash, and Ethereum to a host of smaller coins, which have the potential to bring significant returns. That means that KASH can profit from the market, regardless of the ups and downs, and as mining difficulty increases for any particular crypto, the company plans to maximize profits by shifting its mining power to different types of crypto-coins. When KASH scales up from its humble beginnings, it has plans to be one of the biggest crypto mines in the business. And its close appreciation of regulation means it’ll be in an excellent position to work with government agencies who may start cracking down on the more undisciplined crypto firms. With a small market cap, KASH could be set expand quickly. Behind Gray, who provides the strategic vision for the company, there’s CTO Sean Ryan, co-founder of NODE40 and a blockchain expert.