De-Dollarization Begins, China Readies Yuan Base Crude Oil - Episode 1370a
Countries are now starting to make laws to control cryptocurrencies like Bitcoin. The everyday American cannot afford to live and cannot live the American dream.
China is now pushing the agenda to de-dollarize. China will be backing crude oil using the yuan that will also be backed by gold. The western financial system is now moving to the east. The central bankers have completed the setup and is now getting ready to switch over.
No evidence that central bankers are going to "take crypto currencies away".
Much more likely that they will try to co-op the cryptos, and take a piece of the action
I agree. The same regulation will be slapped on to require ICO to be listed as stocks on taxed exchanges.
I think the plan is to let the technology be developed while in the background the big banks and central banks can take those ideas to create their own system. They won't try to bring down cryptos until they have their own network set up. Not that they could bring all of them down, but they'd be able to give them such a bad name it would keep most people from using them. Looks like they won't be ready to bring it down for over a year from now though.
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