Europe and Asia — not the US — will lead in blockchain By Cointelegraph
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The US Government is putting the squeeze on crypto. Recently they shut down two banks that were friendly to crypto and acting as bridges between trading exchanges and the real world. These were Silvergate and Signature Bank (OTC:) of NY. These closures follow some events that might appear coordinated to some people. This includes the shuttering of the Paxos BUSD stablecoin and the NY lawsuit against Kucoin and .
One can think that these are coincidental actions against crypto, but some feel that it is similar to Operation Chokepoint — but instead, it’s designed to try to kill crypto. In its place, the US plans to release a Central Bank Digital Currency (CBDC) that can track where everyone spends their money. Obviously, that will be a nightmare for privacy advocates.
Continue Reading on Coin Telegraph
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The US Government is putting the squeeze on crypto. Recently they shut down two banks that were friendly to crypto and acting as bridges between trading exchanges and the real world. These were Silvergate and Signature Bank (OTC:) of NY. These closures follow some events that might appear coordinated to some people. This includes the shuttering of the Paxos BUSD stablecoin and the NY lawsuit against Kucoin and .
One can think that these are coincidental actions against crypto, but some feel that it is similar to Operation Chokepoint — but instead, it’s designed to try to kill crypto. In its place, the US plans to release a Central Bank Digital Currency (CBDC) that can track where everyone spends their money. Obviously, that will be a nightmare for privacy advocates.
Continue Reading on Coin Telegraph
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