Opinion, Cryptocurrencies

China's crypto ban creates a golden opportunity for the US — if it doesn't mess it up

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10/18/2021 4:04:00 PM

Opinion | China 's crypto ban creates a golden opportunity for the US — if it doesn't mess it up. By DrSarahManski of GeorgeMasonBiz.

Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.

, including Amazon, Cargill, CVS, IBM, Seagate, and Visa. And many companies that are not currently using blockchains are developing plans to use them soon.  Blockchains hold the potential to distribute power away from the state and other traditional institutions to the wider public. Like an open portal of internet communication, uncensorable cryptocurrencies are threats to the Chinese Communist Party's authority. Making DLTs illegal is not only an impossible attempt to completely maintain state control of communications, finance, and markets, but it will also cripple innovation in Chinese private industry. China was one of the world's largest cryptocurrency markets and now, Chinese developers, entrepreneurs, students, investors, and especially traders will leave the market, offering the US an amazing opportunity to leap ahead as the world's leader in blockchain innovation.  

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Roughlyone-fifthof the entire US population, 60 million Americans, already own cryptocurrency. Unfortunately, the US is off to a weak start with a disorganized regulatory policy towards cryptocurrencies and the hundreds of other industrial applications of this technology. The latest example of a wrongheaded US approach to cryptocurrencies are provisions contained

in the current infrastructure bill.These provisions mandate stringent and impossible counterparty reporting requirements for decentralized network validators and software developers who do not possess the information needed to comply. Recently, the Securities and Exchange Commission (SEC) headtopics.com

threatened to sue Coinbase, the largest US-based cryptocurrency exchange, if it launched its planned Lend program, which would have let users earn 4% by lending out their digital tokens. The SEC said this type of business qualifies as an investment contract even though they have offered very little guidance to token-based companies. Without clear regulations for DLT companies, the SEC is creating a lot of confusion in the market and severely limiting innovation and economic growth. 

There is real potential in crypto tech Read more: Business Insider »

DrSarahManski GeorgeMasonBiz In my opinion the reason why China doesn’t care who has control of Bitcoin is b/c China made itself the biggest central bank of stable coins.. DrSarahManski GeorgeMasonBiz Crypto has gone to Texas. DrSarahManski GeorgeMasonBiz 观点|中国的加密禁令为美国创造了一个黄金机会——如果它不把它搞砸的话。作者GeorgeMasonBiz的DrSarahManski。

China slams joint US-Canada warship transit through Taiwan StraitChinese military condemns the US and Canada for each sending a warship through the Taiwan Strait last week, saying they were threatening peace and stability in the region Well, they’re trying to threaten - both countries are IMPOTENT when it comes to China 🇨🇳... Tell it to SYRIANS which endured GENOCIFE from Bombardment and Torture as Russia China blocked every reasonable attempt to stop it! Evil China

How China ate America's lunch as a distracted U.S. focused on terrorismIn 2001, the Bush administration was focused on China and tensions had spiked. But as the U.S. was bogged down fighting Islamist militants in Afghanistan, Iraq and elsewhere after 9/11, China ’s economic and military power grew exponentially. 👋 Headline is RUBBISH GOP let companies like Apple move their 'domicile' to avoid USA taxes, w no purpose except tax avoidance & GOP admins did zero. Companies kept moving supply chain to China, & GOP did nothing. War was not a distraction, this was GOP policy Make investment priority in your life to secure the future, I don't know how to say this but I'm grateful to Mr LucasDoust1 with all his efforts in my startup Bitcoin investment of $2000 I gained $20,300 weekly God bless LucasDoust1 follow and DM him for more details

How China ate America's lunch as a distracted U.S. focused on terrorIn 2001, the Bush administration was focused on China and tensions had spiked. But as the U.S. was bogged down fighting Islamist militants in Afghanistan, Iraq and elsewhere after 9/11, China ’s economic and military power grew exponentially. Biden’s failed this country on every single front. We must make more navy ships so we can monitor the south China sea. We cannot let the control and regulate trade after they get Taiwan. We will lose. 🚩🚩🚩🚩🚩 WHERE’S THE FAIR & BALANCED REPORTING? 🚩🚩🚩🚩THE PUBLIC HAS THE RIGHT TO KNOW THE GOOD, BAD AND UGLY 🚩🚩 🚩TO CENSOR BAD REACTIONS SO YOU CAN SAY “THERE’S ONLY GOOD REACTIONS” IS MISLEADING AT BEST 🚩🚩🚩🚩READ THIS THREAD FOR SCIENTIFIC PROOF AND TESTIMONIES.

U.S. missionaries kidnapped in Haiti sent message: 'Please pray for us'The WhatsApp message reportedly read: 'We are being held hostage, they kidnapped our driver. Pray pray pray.'

Asian shares under pressure after China growth falls short of expectationsChinese growth is under pressure from government controls meant to curb energy use and reduce financial risks from reliance on debt-fueled property... Asian markets are illegal investments BY OUR LAWS. wow

China sees slower growth amid power and property crises China 's economy hit its slowest pace of growth in a year in the third quarter, hurt by power shortages, supply chain bottlenecks and major wobbles in the property market. 正增长率有降低而已,但还是在高速增长。 All this w/o Dems lifting a finger in retaliation of China's disrespect of the U.S.