The crypto market now faces its biggest threat yet, as central banks make recommendations to heavily regulate and ban stablecoins. The Financial Stability Board’s report could be BRUTAL for digital assets.

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https://cryptobriefing.com/wp-content/uploads/2020/04/financial-stability-board-addressing-regulatory-supervisory-oversight-challenges-globals-stablecoin-arrangements-pdf.pdf

Crypto Market Faces its Biggest Risk Yet as Central Banks Make a Surprising Move

https://www.coindesk.com/blockchain-gaming-platform-enjin-updates-wallet-ahead-of-china-expansion

https://cointelegraph.com/news/etherscan-launches-fraud-monitoring-and-address-blacklisting

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33 COMMENTS

  1. Stablecoins are bad news. They are linked to the very thing that is in ruin throughout the world .Fiat Currency . Buy useful Altcoins and of course Bitcoin and let the rest fall to pieces.

  2. Austin, no, this is good. Even though I don't have any stablecoins, this demonstrates the establishment is scared and it shows the tactics they're willing to use. It also draws more attention to the nature of money even more…and they definitely don't want that. Additionally, it will incentivize developers to keep upping their game to get around attempts to ban etc. Lastly, BTC will become the clear logical choice.

  3. It means they are artificially organizing new bull run: there is no new money, people are out of work. The only way to pump is to push everyone out of Stablecoins into BTC.
    Good to hear you Austin ??

  4. Hey, Financial Stability Board…good work with your overall economies. You're doing wonders for our economies. We need you involved in cryptocurrencies because you do such a good job with fiat. /sarc

  5. At first I thought banning stable coins was bad, and they might be paving the way for CBDCs, but I think it would not hurt, but help, Crypto. Trading and leveraging holds the price down, we all know this, so if it's all spot and you have to HODL I think that would help crypto's price to go up. At first some ppl would get out of the market and a big dip would hit, but then only HODLers would remain and prices would steadily go up for a long time, less pump and dump on exchanges and leverage platforms.

  6. IMO, I think stable coins is hindering crypto from going to the moon, It incentives people to keep their cash in this gray area bettween fiat and cypto so they dont get taxed, so what if we take it away, stable coins, Pppl will either have to STAY IN crpyto or go intto fiat…. and at this poitnt i dont think ppl wwould want to go into fiat…. not with the economy like this. so theyd sttay in crpyto imo. Itll actually raise prices, cuz if they cash out into fiat from stable coins theyll have to pay taaxes on it, where as if they go into btc or crypto they can see say they didnt sell out yet.

  7. Christine Lagarde said that they don't care about Bitcoin, what worries them are the Stablecoins. Stablecoins is a whole new concept of finance that can bring financial power and independence to who uses them which brings the whole concept of DEFI.
    Bitcoin can always hold its own, but think about it why not Bitcoin instead of going after stablecoins. They told you all that they don't care about Bitcoin! The memo presented had 0 to even say about Bitcoin, but they want to "regulate" stablecoins.
    Think you all think.

  8. FED is printing funny money to buy U.S. municipal bonds, U.S. corporate bonds, commercial mortgage-backed securities, residential mortgage-backed securities and even high-risk Collateralized Loan Obligations (JUNK Bonds that they are paying MORE than market value for).  This is all totally fine. The FSB is totally ok with that no ban there; but they want to ban stable coins? WTF. They are SCARED ! Scared the sheeple are waking up and realizing their Fiat is WORTHLESS and the banks are run by a bunch of CROOKS.

  9. I have Ether but no more, they will steal your money as an excuse, oops we thought this and that, mmm in with te government stealing when things happen.

  10. Anything can be banned, and this will mess up adoption. Most people prefer legal means. For those who care, we have to make sure our options are NOT banned.

  11. "They" have been engaging in censorship all along. Especially when it comes to people (like me) who name them. I have personally been censored over 1,000 times (accounts) on YT alone. So yeah, of course the "bankers" are going to censor their competition, and since they control the media ("alternative" media included) and government(s) it is very easy for them to censor anyone and everyone who might oppose/expose them. They don't even have to lobby for anything. They simply have to build up a narrative and come up with an excuse, then they will simply SHUT – IT – DOWN.

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