CRYPTO Regulations That Could CRASH The Market!!

"G20 countries are expected to begin implementing them in the coming months."

"these recommendations will be finalized by G20 countries during their next meeting in September and implemented as regulations afterwards"

"they will conduct a review of compliance with these recommendations by the end of 2025 at the latest"

"they plan on working closely with G20 countries to turn these recommendations into actual regulations by the end of 2024."

"cryptocurrency exchanges need to be disassembled into their different functions"

"there are gold back stable coins like Pax G many people consider tokenized cryptos on different blockchains to be stable coins too"

"stablecoin reserves must consist of 'high quality and highly liquid assets' AKA government debt. They also specified that these stablecoin reserves cannot contain low quality and highly volatile assets 'such as most crypto assets'"

"this will make it impossible for new stablecoin issuers to emerge"

"crypto will die and be reborn as another arm of the traditional Financial system"

"chances are that these organizations will find a justification to crack down on them too money laundering and terrorist financing seem to be two favorites with these folks tax evasion is another narrative that's been emerging lately and it seems to be a justification for cracking down on all non-intermediated crypto activities"

"India's anti-crypto attitude could be a part of that as I mentioned earlier India's G20 presidency will be over in November this year it's actually the first time that India has held this post and it probably wants to impress the U.S and its peers"

"the bad news is that the fsb's crypto regulation recommendations will likely become actual regulations over the next year and the countries that refuse to fall in line will face significant issues"

"the US and its allies will realize that fighting crypto is a losing battle and will switch to embracing it like much of the global South is already doing"