❇️ ARE THEY PLANNING TO BAN ALL STABLE COINS THIS YEAR??
Yes, you heard that right! Are the centralize banks planning to "BAN" all stable coins this year? It seems likely they will be able to do it. 🤦
This is a huge "punch in the face" to the whole cryptocurrency space and if this happens, it's going to get really bad. 🙇
It seems that the Governments and the Central Banks of the world are taking huge steps right now (as I write this post) to make it happen.
You can read the article right here:
https://cryptobriefing.com/central-banks-recommended-ban-stablecoins/
I've already seen numerous post from "Moon Boys" saying that it's impossible to Ban "Stable Coins" but I highly must disagree.
As most stable coins are centralized (some are not)... All they will have to do is attack all the crypto exchanges to make this happen.
Yeah, they can be peer to peer trading and things of that sort but this will destroy mass adoption, critically destroying all momentum.
In the last few days, These Stable Coins must know something is going on as 2.3+ Billion was "just printed" across all stable coins. Insanity! 😰
Are they getting ready for the BAN by printing as much as they can right now so they can just buy Bitcoin? Who knows? 🤷♂️
As governments and central banks focusing on creating their very own digital currency, I can see that they are going to push very hard for the ban of all Stable Coins in the near future.
This is one of the most important crypto news in 2020 but it seems that it's being pushed under the rug as most people don't even want the idea of it happening.
This are getting pretty damn crazy!! keep Informed!
Keep on STACKIN! 😎
~ Charles Fuchs
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Looks like gold or silver-backed stable coins are going to be the winners if this goes through
Well, this may happen, not because the banksters are able to outlaw the stable coins, but because of LARGE inflation or hyperinflation.
If a loaf of bread costs
2020 - $1.00 - 12,500 satoshis
2021 - $10.00 - 1,200 satoshis
What's the use of stable coins?
Stable coins are only a transition mechanism.
Because we can't easily move from dollars to bitcoins.
So dollars to USDT - USDT to bitcoin is process.
Is the game traders play.
But, hyperinflation is coming
especially in commodities that keep you alive.
You know ButtCoin was a joke, but if someone made a token that was worth one roll of toilet paper, and you could exchange tokens stored for a real roll of TP, this may be the best stable coin.
What about SBD & HBD?
IF they do it, they will do it for they own stable coin which comes out....