First, and probably most importantly, the profitability of large corporations during the early 1900s was accompanied by an expanding middle and upper class that wanted to take part in the economic gains associated with the introduction of new technologies such as the internal combustion engine and the electric motor.
All of us in this room who have a keen interest in promoting financial innovation should collaborate and support this initiative in the hope that a standardized and agreed sets of principles and practices for fintech and digital assets may unfold soon for the benefit of the market participants and regulators alike.