https://www.piratewires.com/p/2023-banking-crisis
Predominant argument: Regulators are launching a coordinated assault on cryptocurrencies and their related infrastructure in a bid to eradicate competitors for conventional banks, consolidate energy, and preserve the established order.
- Proof of the assault:
- Collapse of two main cryptocurrency banks, Silvergate and Signature, which the writer argues had been deliberately focused by regulators.
- Regulatory actions, equivalent to elevated scrutiny of cryptocurrency transactions, stricter capital necessities, and revocation of banking licenses.
- Implications of the assault:
- Much less modern and fewer environment friendly monetary system.
- Elevated centralization of energy and focus of wealth.
- Perspective: The article presents a particular perspective that cryptocurrencies are being deliberately focused by regulators to keep up their monopoly on the monetary system.
- General, the article paints a bleak image of the way forward for the cryptocurrency trade, primarily based on the angle that it’s being unfairly focused by regulators in a bid to keep up the established order.
submitted by /u/Sonicthoughts
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