Quartz Winter 2020 | Page 7

Lucas Landolt , Director Operations , Lloyd ’ s & Partners AG
At the end of the day , the community decides which systems will prevail . At the moment , there are so many concepts , ideas and offers on the market . Technology is secondary . Primarily , it is about a larger group of people joining together to form a community and formulating needs together , which can then be satisfied with a solution .
We live in a world where all cash flows for the legal purchase of goods and services are monitored with AML . Traditionally , banks have always been responsible for the transport and safekeeping of assets in the system . Whether gold , paper money or virtual currencies , what ’ s the difference ?
The future for digital assets will be black and white – legal for banks , and illegal for unregulated providers .
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