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Li also applauded the joint guidelines (Notice on Preventing the Financial Risk of Token Issuance) issued by seven ministries and commissions on September 4, 2017. He believes that it will serve as a reference for future supervision.
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Apart from mentioning a few basic details about altcoins, the report also provides an outlook for Bitcoin. Berentsen and Schär visualize crypto currencies to emerge as a separate asset class, facilitating investment and diversification. The article even says that Bitcoin can assume a similar role as the yellow metal. Interestingly, the report covers applications of block chain technology in the areas of smart contracts, colored coins, and data integrity. Berentsen and Schär have particularly pointed out Ethereum as a leader in the smart contract domain.
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