Central Banks Panic as Crypto Replaces Remittances Globally!
Published: 2025-06-04
Status:
Available
|
Analyzed
Published: 2025-06-04
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
Project Nexus, aiming to unify global instant payment systems, is scheduled to launch in 2026.
"Nexus which is slated to go live in 2026 is designed to ensure crossber transactions comply with as many regulatory regimes as possible"
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Global cross-border crypto flows reached a peak of $2.6 trillion in 2021.
"The most eye-popping finding of the report is the magnitude of crossber crypto flows, which peaked at $2.6 trillion in 2021 alone"
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USDT and USDC together accounted for $1.2 trillion in cross-border flows in 2021.
"The leading stable coins USDT and USDC accounted for almost half of this massive volume racking up $1.2 trillion in crossber flows in 2021"
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Crypto transactions are emerging as a substitute for remittances, especially in corridors with high costs or slow processing times.
"signs that crypto transactions emerge as a substitute for remittance payments Country corridors characterized by high remittance costs or slow processing exhibit larger crypto asset flows"
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The US and UK together represented approximately 20% of cross-border BTC and USDC activity, and close to 30% for ETH.
"The UK and US accounted for about 20% of crossber activity in BTC and USDC and close to 30% for ETH"
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China's share of cross-border crypto flows has significantly decreased compared to earlier years in the study period.
"This map represents a significant departure from the earlier years in the period of study when China accounted for a much larger proportion of flows"
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India and Indonesia are increasing their share of cross-border crypto flows, compensating for China's decline.
"China's loss is India and Indonesia's gain as their share of crossber flows has been increasing"
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Turkey and Russia account for 12% of cross-border USDT flows, making them significant players in this market.
"The authors highlight Turkey and Russia as two of the biggest players accounting for 12% of crossber USDT flows"
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By 2024, Turkey had become the second-largest recipient and sender of USDT.
"to 2024 Turkey apparently became the second largest receiver and sender of USDT"
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Bitcoin is presented as a hedge against the inevitable erosion of fiat currency value.
"Bitcoin is a hedge against this inevitability"
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Evidence suggests that crypto has already established a borderless financial system.
"there's compelling evidence to say that yes crypto has in many ways already created a borderless financial system"
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Capital flow management measures are largely ineffective against crypto, as many individuals can circumvent them by using crypto.
"capital flow management measures or CFMs are largely ineffective against crypto The authors find that many people are able to circumvent CFMs by using crypto"
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Expect to see more invasive measures from governments to regulate crypto, with penalties like fines for unreported transactions.
"Any unreported transactions will be liable for a £300 fine So keep your eyes peeled for invasive measures like these coming to a jurisdiction near you"
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A crypto-friendly US government could positively influence US crypto legislation.
"And of course we also have a wild card in play namely a crypto activist US government So talk about friends in high places"
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