Investor protection: Stocks and digital currency

Would not want to touch on the area of inheritance, as there are some cultural dynamics to it, although, the principles of inheritance remains the same. Many heirs of stocks do not actively engage in the business affairs of the trading company as the original investors. Very much like the case of many home-grown businesses that are left to wither after the demise of the founder. Some next of kin (if not most) do not share the same vision as the original investor and usually end up selling inherited investments/businesses to interested parties.

Over the years there has been increasing reports of the demise of investors and business owners, and in line with preserving humanity and the business climate, I ask, "is it possible to have the shares inheritable to a next kin given in its monetary value (if not calculated by a defined formula)". That way the share value becomes open to people who are interested in investing in the growth of the business.

Noise is being made all over about digital currencies/ crypto currencies, a change that would be welcome for its prospects and benefits that it will add to the ever growing digital economy/space. Due to their extremely high worth/value, many, including the bank of England, in its research, view digital currencies more as stored assets and not a medium of exchange. Like any other implementation over a network comes with its risks. The legislature, policies, regulation, and structures required to complement the adoption of crypto currencies should be drafted long before the country fully adopts/implements it.

As the central bank has taken strong and bold measures in regulating the financial sector after the recent breakdown of financial institutions, stringent measures are expected to be taken towards digital currencies and their adoption, especially in the case of mobile payments which has received wide adoption in the country. Bloomberg in one of its recent articles suggests that monitoring and regulation has to be enforced on solutions offered by fintech's, as much of regulation is targeted at traditional banking. The bank of England also adds its concerns to the risks in crypto currencies.

Whiles the corona virus pandemic has made the need for digital currencies even more necessary. Any emerging solution comes with its learning curve. Luckily, internet penetration has sky-rocketed over the years especially with mobile device usage. Hopefully, the judicial service and special courts would be equipped for speedy judgment of cases relating to the digital economy. The legislature will definitely take inputs from the increasing reports of mobile payment fraud cases into their books. I hope the country catches up quickly in such efforts with the west, as when the holes are blocked out there, here becomes the playground and it is the citizenry that loses and suffers.