The London Bullion Market Association is looking into whether blockchain can reduce money laundering in the spot markets.
One of the most interesting potential use cases for Bitcoin (and increasingly other cryptocurrencies) is that of a safe haven asset. When people think that the economy is going to take a turn for the worse, they’ve got a handful of options as far as what to do with their money is concerned. Cash is one, but there’s no return available on cash and, indeed, it depreciates in value over time through inflation. Equities are another, but you don’t want to be in equities when the market crashes. Precious metals are another and these are where money tends to flow in bad times – especially towards gold.