Oh, and Turkey this week banned crypto’s, seven other nations ( the ones developing their own sovereign crypto’s) have announced plans to do the same. Do you really think a nation that is developing it’s own crypto will allow competition?
The trend to discourage, ban and seize crypto is gaining speed from all sovereign nations. The US crypto Fedcoin, now in the Senate committee, is watching closely on how to push ours through.PBOC ( People Bank of China) has studied backing their digital Yuan by gold...US .Treasury is getting scared, very scared....in the end, NO government will tolerate a competing crypto.
If crypto was only coins, perhaps. But it is far, far, far beyond that.
…entire businesses are now built on the Ethereum blockchain - and others.
Decentralized Autonomous Organizations (DAO) are being formed entirely on the blockchain.
And states like Texas and Wyoming are passing legislation to give them physical cover.
It is happening faster and to a greater degree than most realize.
If those short-sighted nations don’t want to be dealt into the future, their call.