The Storehouse Philosophy
The Biblical account of Joseph is a fantastic example of saving and storing provisions for a shifting future. Joseph understood by God that times would change and the abundance of today would become the scarcity of tomorrow.
Storehouse Digital believes this same principle can be applied today. For a long time, our economy and world have operated in a very consistent way. Some may think that it will always be this way. However, anyone paying attention to the shifts in technology, legislation around digital assets, and the frailty of the world economy understands that something is changing.
Digital currency was once seen as a gimmick, something only highly technical people used and understood. That mindset is quickly changing. Specifically, The GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins Act) served as a landmark piece of legislation by creating the first federal regulatory framework for digital currencies in the United States. By transitioning the industry out of legal ambiguity and patchy state-level oversight, the law legitimized digital payment tokens through several key provisions.
This is the first of many pieces of legislation that will make digital currency just as powerful as the dollar bills in your pocket. It is not just America that is rapidly adopting digital currency. Cryptocurrency is legal in 119 countries, and 62 of those nations have established comprehensive legislation and regulations regarding digital assets.
Global Crypto Regulation Status
Regulated Markets: 62 countries have defined comprehensive laws to oversee digital currency activity.
Legalized Without Full Laws: The remaining 57 legal countries permit crypto use but lack comprehensive, specific rulebooks.
Central Bank Digital Currencies (CBDCs)
Exploration: Over 140 countries and currency unions are currently exploring state-backed digital currencies.
Full Launch: Only 3 countries—the Bahamas, Jamaica, and Nigeria—have fully launched a central bank digital currency.
It is not hard to imagine a near future where digital currency replaces fiat currencies. This is why we created Storehouse Digital Wallet. Storehouse Digital is the safe place to begin investing in digital currencies without feeling like you need to understand highly technical processes or that you will be taken advantage of. We also take the headache out of tax compliance by offering software that will categorize and estimate gain/loss for all your digital assets.
We at Storehouse Digital want to provide straightforward digital asset management that is both secure and compliant.