G7 Going To Unite On Crypto Regulations And The Future
What is the future of cryptocurrency? That is what I uncover in this video.
The G7 plans on uniting at the May conference on crypto regulation. This means the developed countries are going to adopt a standard that they all follow. This means the future of crypto is likely coming outside these regions.
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Are you think it's possible to regulate cryptocurrencies globally?
The G7 is only a portion of the countries.
So the answer is no. There will be alliances but no consensus. We are going to always find holes in the boat and countries that are crypto-friendly.
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Good news for Hive. In my humble opinion.
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@taskmaster4450 can you helpme get my @ackza account unbanned from @leofinance un muted? I simply upset someone in hive discord saying their game looked bad, and got banned, i was an early investor, i never spammed leo, i think i deserve to come back as i have some of the more useful and inteersting posst about ideas and ways to help hive etc
i hate not being able to use my @ackza account to even comment on front page posts
i coudl always use one of my many otehr accounts and no one would ever know, and i coudl earn leo but hey,i already delegate to earn leo , and i think its time im let back on , withg my ackza account,
Theers a lot shittier posst on leo than me, i meanlook at the low effort users in heer trying tofarm upvotes from u asking stupid questions liek a chat gtp bot lol
I actually post useful shit, and i invested 1 BTC into hive engine projects (stupidly) i even buned 1000 LEO to hget SAND on leodex which was a waste since all tokens were eventually added
and for that i get banned? come on help me get back on leo , i dont even care about farming LEO with posst, i just want to ebable to comment on YOUR front page posts etc
its really not fair to me when tehers a LOT mroe spam on leo finance , compared to what I post which is all helpful posts to hive. and again i was one of teh early investors and could have had like 10,000 leo if i had held onto all teh leo on my otehr accounst etc
I think there is a place to contest bans.
You can also DM Khal or @anomadsoul. They could take a look and find out why you were banned.
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testing, testing, 123 the government doesnt matter especially the g7 testing testing
Crypto is a way out of their control and I don't think they are going to let that slip easily. I do think that if harsh regulations happen then the development on those countries will definitely slow down.
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Really opened my eyes on the penetration situation. It is going to be a long battle to win penetration in developed countries but it will be quick once it reached a critical mass.
Penetration is vital. We need to see it explode. However, developing countries could really be the game changer. As adoption increases there and they see benefits, the developed nations might jump on board.
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Interesting and educational as usual. The G7 and the rest of the world. Excited to see how it unfolds in the next 5 years. Yes, I believe it's all about the monetary system but many still don't see that both blockchain and cryptocurrency have already given us the kind of alternative that is really inclusive.
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Wow, crees que eso sea posible?
Summary:
In this video, the speaker discusses the recent announcement that the top economies in the world, including the US, UK, Japan, and Germany, are going to cooperate on stricter cryptocurrency regulations. He ponders the future of cryptocurrency in the face of these regulations, emphasizing the potential for growth in developing countries such as Venezuela, Nigeria, and Brazil. The speaker argues that while Western countries may attempt to restrict cryptocurrency, innovation will flourish elsewhere. He highlights the decentralized nature of coding talent globally and the potential for blockchain technology to disrupt traditional monetary systems. The speaker concludes by suggesting that the power dynamics in the world could be shifting due to the rise of cryptocurrencies.
Detailed Article:
In the video, the speaker delves into the topic of stricter cryptocurrency regulations being planned by the top economies of the world, known as the G7 countries. Mentioning the US, UK, Japan, and Germany, among others, he acknowledges the push towards increased oversight on cryptocurrency activities. Despite this regulatory scrutiny, he expresses skepticism about the ability of governments to completely stifle the cryptocurrency space as they intend. The speaker predicts a shift of focus towards developing countries like Venezuela, Nigeria, and Brazil where he expects cryptocurrency to thrive.
Drawing a parallel to the regulation of online poker in the United States, the speaker shares an anecdote about a situation where the government's actions led to individuals leaving the country due to the stifling of their livelihoods. This historical context serves to illustrate the potential consequences of stringent regulations. He contrasts this with the evolving landscape of online gambling, highlighting the changing attitudes towards certain forms of betting.
The discussion further extends to the distribution of coding talent worldwide, emphasizing that expertise in programming languages like Python and Java is not confined to Silicon Valley or Western countries. The speaker believes that the burgeoning crypto industry will find fertile ground in regions like Africa, Latin America, and Southeast Asia, citing examples of countries where cryptocurrency adoption is likely to accelerate.
The narrative shifts towards the role of blockchain technology in reshaping traditional monetary systems. The speaker stresses the decentralization aspect of cryptocurrencies like Hive, Ethereum, Bitcoin, and Tron, pointing out the global presence of users and nodes across different networks. He argues that blockchain technology fundamentally transforms the control and operation of monetary systems, challenging the dominance of central and commercial banks in the financial ecosystem.
Towards the end, the speaker contemplates the potential geopolitical implications of the rise of cryptocurrencies, suggesting a possible reconfiguration of global power dynamics. He insinuates that while military might may still hold sway, financial and monetary prowess could gradually shift, impacting the existing world order. The video concludes with a message of optimism and a hint at the transformative potential of cryptocurrencies in shaping the future economic landscape.
Notice: This is an AI-generated summary based on a transcript of the video. The summarization of the videos in this channel was requested/approved by the channel owner.