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Author Topic: [2023-09-10] Forbes: Joe Biden, China And G20 Leaders Back ‘Swift’ Game-Changing  (Read 89 times)
pawel7777 (OP)
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September 10, 2023, 09:02:04 PM
 #1

Nothing to see here, just a call for more strict regulations and more KYC requirements.
BTW, the $15 trillion referred to below relates to a speculation on the size of the crypto-market after ETFs get approved (Link).

Joe Biden, China And G20 Leaders Back ‘Swift’ Game-Changing Crypto Price Rules For $1 Trillion Bitcoin, Ethereum, BNB And XRP Market

https://www.forbes.com/sites/digital-assets/2023/09/10/joe-biden-and-g20-nations-endorse-game-changing-radical-global-crypto-price-rules-for-1-trillion-bitcoin-ethereum-bnb-xrp-and-crypto-market/?sh=23df2535368c

Quote
Bitcoin, ethereum and other major cryptocurrencies have been struggling under the weight of regulatory uncertainty—with the Federal Reserve warning it's "deeply concerned."

The bitcoin price, after rocketing to almost $70,000 per bitcoin in late 2021, has crashed back, dragging down the wider $1 trillion crypto market—including ethereum, BNBand XRP (even as payments giant Visa dropped a crypto bombshell).

Now, as the bitcoin and crypto market braces for a $15 trillion earthquake, U.S. president Joe Biden and leaders of other G20 member nations have endorsed the radical, game-changing crypto regulation recommendations of the global Financial Stability Board (FSB).
(...)

The new rules would require bitcoin and crypto exchanges and companies to share information on crypto transactions between countries beginning in 2027.
(...)

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Kakmakr
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September 11, 2023, 05:47:05 AM
 #2

This is no surprise, because we all know that the US are now a police state, like any other first world nation. Things have changed a lot since 11 September (today's date) .... and it will never be the same again.

Governments wants full control over the tracking of money and wealth and they also want to manipulate and control it's worth. They will use scare tactics like terrorism and money laundering excuses to achieve their goals, but all they want to do ..is to protect their power over people's money.  Roll Eyes

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pawel7777 (OP)
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September 11, 2023, 08:11:59 PM
 #3

This is no surprise, because we all know that the US are now a police state, like any other first world nation. Things have changed a lot since 11 September (today's date) .... and it will never be the same again.

In all fairness, it's not just the US, you could say the same about literally any country in the World, maybe with few exceptions.
Things will keep getting worse because of the masses being passive and docile and allowing everything without any resistance.
If banks are already sharing information about their customers internationally, then doing the same for cryptos is just a matter of time. Governments will not allow any financial loopholes.

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cr1776
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September 12, 2023, 02:23:24 PM
Merited by pawel7777 (1)
 #4

This is no surprise, because we all know that the US are now a police state, like any other first world nation. Things have changed a lot since 11 September (today's date) .... and it will never be the same again.

In all fairness, it's not just the US, you could say the same about literally any country in the World, maybe with few exceptions.
Things will keep getting worse because of the masses being passive and docile and allowing everything without any resistance.
If banks are already sharing information about their customers internationally, then doing the same for cryptos is just a matter of time. Governments will not allow any financial loopholes.

You both hit the nail on the head.  There was no need for a war, the authoritarians seized control under the pretext of safety after Sept 11.   A solitary prison cell is safe but does anyone really want to be safe like that?

The only escape hatch will be things like bitcoin and PMs where they can't control or censor people.  If people didn't know it before, it became even clearer the when they shut off payment processing and speech for a billionaire president of the US with no pushback from 95% of the people.  The so-called free press didn't care, the fascists, socialists, and communists in DC in fact loved it. 

At that point it should've been pretty clear to most people that without a huge change, everything will be lost.  It doesn't seem like it made much of an impression on many though.  In fact the far-left extremists cheered it - not surprisingly.

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