🏴 Iran/Russia and Crypto To Good To Pass Up
The markets have been rather sluggish lately, low volumes and nothing really going for it as we enter into regulation. Which sadly is an extremely slow process when it has anything to do with the SEC and government. This is why we need to keep fighting back and hitting our government to take action!
I ran into this news story last night and it was to good to pass up.
Iran and Russia in order to get away from USA new sanctions are considering using cryptocurrency. Could this possible be what pushes adoption quickly in both regulation and world adoption? If this in fact happens we are talking about massive amounts of money entering but also leaving cryptocurreny day in and day out as trillions of dollars in trade happen every day.
What is mostly pushing this is that sanctions are actually putting the squeeze on these countries as they fiat value starts to fall because of these trade wars.
For example Irans Rial went from 37,800 to $1 USD to 42,000 to $2 USD literally overnight. Since bitcoin is used or well could be used evenly across the world it creates a more level playing field for all countries and thus all people as well.
Could this help mass adoption if governments start to us it? What are your opinions?
My opinion on it going over to fulfill Russia's and Iran's sanctions needs will likely cause lawmakers in America to make it illegal? I can't see any pluses for crypto if those two countries start using it for their types of funding "causes". It seems to me that them being big on it would criminalize it, since the US Elites already hate it anyway.
Would they make it illegal or would they finally adopt it and regulate it? I have a feeling it would speed up regulations on it instead.
I believe the Central Bank will always do what is best for them, which would mean there'll always be the least for us. They've illustrated that behavior throughout the length of their chokehold on the worlds' people and economies, and maintaining the status quo of the classes of humans beneath them. As long as they have control, they aren't going to let people become wealthy en mass. If they did, they'd no longer have the great pleasure of being amused by their slaves' struggles.
I’m split on this as if governments and organizations use cryptos to circumvent the system, it creates a bad name for the asset class in the short run. However, given the structure of most of the blockchain, it also provides transparency and visibility to these transactions which would be something the government would want. However, if privacy assets are used and become more adopted by these players, it could bring problems to the regulatory framework of these assets and the exchanges who trade them. On the flip side, it demonstrates the potential viability of Decentralized Exchanges.
The concept that a different reserve currency could end USD domination and usher in a new era of global finance was discussed in Currency Wars, but was nearly all about Gold, no mention of Bitcoin. Crypto currencies will definitely start to scare the US, the EU, and China.... and anyone else who aims to control money supply to favor the global trade and influence strategies.
by now in iran 70000 rials or(7000 tomans) = 1$
its so crazy
crypto currency is mor useful than da fiat and let us without considering sanctions buy and sell our fund Without government supervision
upvote , comment ,resteemed done
cool story bro
This one am seeing countries (Iran and Russia) seriously using Cyptocurency to pave ways out of sanction. It's like cyptocurency will be the only currency the whole world will prefer to use than dollar or Euros. Great post to enlightening us on the more situation on cyptocurency.
If by mass adoption you mean retail adoption, not necessarily. But if governments start to use it in this way though, it could fuel B2B adoption, or maybe they'll make it difficult for individuals to use it as they'd try to limit it to state use?