Cryptocurrency: CT Fools Cheer IMF's Anarcho-Coin Regulatory Shutdown Scheme

[grarpamp]

https://cryptopotato.com/imf-recommends-5-point-crypto-regulation-scheme/

"core financial system... concerns about systemic risk and financial stability"
1) License, register, and authorize crypto asset providers.
3) Apply strong, bank-type regulation to stablecoin issuers.
4) Impose clear requirements on traditional financial institutions for
exposure or engagement with crypto.
5) Create a consistent global approach to crypto regulation and oversight.

Why can't CT read between the loopholed lines of Globo IMF's real intent
and self-granted scheme to shutdown Anarcho-Coins and to
launch and entrench CBDC's over everyone.

Regulators pose a "systemic risk" to the growing "financial stability"
of the Anarcho-Coin ecosystem.

Until these regulators correctly separate the definition
of GovCorpCBDC Shitcoins, from Anarcho-Coins, you can
bet that anytime they use words like "regulation",
their intent is ultimately to shutdown all Anarcho-Coins.

Given that Anarcho-Coins and P2P-Fi marketplaces
are now becoming direct competitors and threats to the IMF,
is it not obvious what their words mean in reality...

1) Bitcoin, Bitcoin Cash, Monero, Zcash, and a hundred more
newer legit non-Incorporated, P2P created, distributed, private,
Anarcho-Cryptocurrencies are "providers of crypto assets",
as are their miners, stakers, relayers, user barterers, etc.
3) Anarcho-Stablecoins exist.
4) That means being prohibited from doing business with
all Anarcho-Coins.
5) That means you're all Instantly Fucked, Globally, Digitally,
by whatever the next Tyrannical Rules are rolled out.


IMF Recommends 5-Point Crypto Regulation Scheme

Author: Wesley Messamore

Last Updated Jan 23, 2023 @ 14:56

The International Monetary Fund issued a five-point cryptocurrency
recommendation scheme.

As global influencers rubbed elbows at Davos, the IMF issued
recommendations for crypto to global regulators. Depending on who you ask,
crypto regulation could hurt the industry or open up vast new markets for
normie investors.

In a note published over the week, the International Monetary Fund wrote:

"During times of stress, we’ve seen market failures of stablecoins,
crypto-focused hedge funds, and crypto exchanges, which in turn raised
serious concerns about market integrity and user protection. And with
growing and deeper links with the core financial system, there could
also be concerns about systemic risk and financial stability in the near
future."

The IMF's preferred approach to counter these concerns is increasing
global crypto regulation:

"Many of these concerns can be addressed by strengthening financial
regulation and supervision, and by developing global standards that can
be implemented consistently by national regulatory authorities."

The recommendations are:

1) License, register, and authorize crypto asset providers. 2) Prohibit
crypto entities from carrying out multiple functions in one business that
create conflicts of interest. 3) Apply strong, bank-type regulation to
stablecoin issuers. 4) Impose clear requirements on traditional financial
institutions for exposure or engagement with crypto. 5) Create a
consistent global approach to crypto regulation and oversight.

Posing a Threat?

While it seems unlikely that the entire world could agree on crypto
regulations, the possibility of a global regulatory regime seems stifling.
After all, Bitcoin was invented in the first place to side-step the global
financial system.

In the view of Bitcoin's creators and earliest adopters, it was the global
financial system that was the contagion with spillover risk. Regulations
did nothing to stop a financial downturn much bigger than the crypto
winter from shocking global markets in 2008.

In fact, it's even possible that financial regulations are what led to the
2008 financial crisis. The central bank's regulation of the money supply
was dovish in the years leading up to that. This encouraged rampant
speculation in exotic instruments with borrowed money at low-interest
rates.

For Better or Worse?

As the money velocity of the economy churned and revalued each dollar
according to the constantly growing new supply of USD, the same thing
happened to Wall Street that happened to Alameda-FTX. They were holding on
to all these assets that weren't really worth what they said on paper.

A global regulatory regime with inflexible, one-size-fits-all rules put
together by committees could easily squash a project as important as
Bitcoin before it has a chance to get started.

Or perhaps just as easily inspire one and cede control to an ecosystem of
peer-to-peer network governance cobbled together ad hoc by developers,
entrepreneurs, and the markets they serve.