Jake Benson is a long-time industry entrepreneur and the CEO and Founder of Lukka, a comprehensive tool for calculating capital gains taxes for cryptocurrency. In this clip he and CoinDesk Editor Pete Rizzo talk about a future where corporate tokens aren’t a “surprise.”
“It’s not a surprise to me that inevitably corporations they’re going after creating their own tokens but for Facebook to be one of the first big ones is is pretty much a surprise,” he said.
“If this project is going to be successful I think they absolutely have to satisfy minimum requirements,” he said. “But I would also believe that the onus is on them to sort of demonstrate that there’s additional level of controls and transparency that might be benefits of cryptocurrency that maybe weren’t even possible before.”
Benson expects to see a “more compliant” future… as long as the social media giant can avoid the problem of privacy invasion associated with the platform.