Countries face “brain drain” if they “opt out” of Crypto race
We had said this before, there will be countries that choose not to implement crypto standards for various reasons.
One of those reasons is an oppressive government.
What happens? You have the smart people that will leave for opportunities in other countries.
Who is implementing standards? Well, by coincidence the G20 is meeting on Crytpo standards.
They are meeting this week: https://news.bitcoin.com/g20-countries-implementing-unified-cryptocurrency-standards/
This is what the crypto market has been waiting for....supposedly.
This is what Wall Street needs....regualations.
And of course....Banks cannot do anything “yet”...without regualtions.
When they get here soon....3, 2, 1
who ban it will be left behind, we going to the moon. lol
It’s true :-). The other token to watch is XRP as a long term replacement for the SWIFT system. Maybe a few years for total transition, but all the road signs are there. You can google all the agreements with banks, talks with Central Banks and IMF. It’s 30-40% cheaper than SWIFT.