A great read on the underworld of crypto-finance.
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Tensions rise as US lawmakers work to get crypto provisions into end-of-year bills | The Block: Lawmakers are vying to throw in crypto-related measures into end-of-year legislative packages, though more action will likely happen in 2024.
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🤔💭 Central Bank Digital Currencies (CBDCs) have the potential to revolutionize our financial systems, but they also raise important questions. How do you feel about the trade-off between the benefits of CBDCs, like increased efficiency and financial inclusion, and concerns about privacy and government control? . . . 🤷♂️ What the hell are CBDCs?? Central Bank Digital Currencies (CBDCs) are digital forms of a country's national currency issued and regulated by the central bank. They aim to be a digital equivalent of physical cash, providing a secure and efficient means of digital payments. #cbdcs are different from #cryptocurrencies like #bitcoin, as they are issued and backed by the central bank, making them legal tender and maintaining stability as a fiat currency. CBDCs offer several advantages, such as faster and cheaper transactions, enhanced financial inclusion, and better monetary policy tools. On the other hand, concerns about #privacy arise as CBDC transactions may be easily traceable by the government. Moreover, governments might gain more control over individuals' financial activities, raising questions about data security and surveillance.
U.S. Republicans Voice Opposition to Digital Dollar C.B.D.C., Citing Concerns Over Control and Programmability 🔑 Key Takeaways: 1️⃣ Republican Congressman Warren Davidson opposes the development of a future digital dollar, citing concerns about #programmability and potential #coercion and #control. 2️⃣ The Fed has emphasized that C.B.D.C.s would prioritize privacy, but some Republicans remain skeptical of government control and cyberattacks. 3️⃣ Other Republican figures, including Florida's Governor Ron DeSantis and Senator Ted Cruz, have also proposed anti-CBDC measures. 4️⃣ Despite opposition, the Federal Reserve is still exploring the possibility of a digital dollar, with various state branches actively engaged in CBDC-related projects and trials. 💡 In-Depth Summary: Yesterday, Republican Congressman Warren Davidson rejected the idea of a future digital dollar, citing concerns about central control and programmability. He likened a digital dollar to the "financial equivalent of the Death Star." He emphasized that money should be a stable store of value and not a tool for coercion. Despite opposition, the Federal Reserve continues to explore C.B.D.C. possibilities, with state branches actively engaged in related projects. Public opinion remains #divided, with a recent poll showing more Americans opposing a federally controlled digital dollar than supporting it. #cbdc #digitalmoney #finance #fintech #privacy https://lnkd.in/d4UDccpJ
Warren Davidson 🇺🇸 on Twitter
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Wonderful tips about avoiding scammers. Check it out!
Scammers set up shop on social media selling items for what looks like a great deal, but it could also be a scam. Community Manager Melissa Prashad has a few tips to help you avoid the “great deal.” Learn more at chase.com/protectyourself JPMorgan Chase Bank, N.A. Member FDIC
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Anyone in comms will agree stories and feelings trump facts (excuse the pun) but what sets legit businesses from the "untethered" ones is the proof points (eg why the key messages are true and valid). A company doesn't need to be cash flow positive to warrant a listing or investment but it needs to have sound fundamentals (among other things, like a solid management team). Great article from Jemima Kelly at the Financial Times. 🚀🚀🚀 What Trump and crypto tell us about facts vs feelings - https://on.ft.com/3PTLYQm via @FT
What Trump and crypto tell us about facts vs feelings
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Seemingly everybody wanted to get rich quick c. 2017-2022ish. The three most popular routes to said riches/disaster via great advice from Tik Tok, Twitter, You Tube or your brother-in-law the cop (or from the advertising world, if you're a Clash fan like me): - Housing - Crypto - Weed shops Now...what three industries or areas of ‘investment’ do you think I’m seeing the most of these days in the insolvency proceedings world?
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Exciting news from India! 🇮🇳 The stock market is gearing up for a faster trade settlement mechanism with the proposed T+0 cycle by March 28. This move aims to cater to traders seeking same-day settlements and enhance competitiveness against crypto exchanges. 📈 #StockMarket #IndiaFinance
News Summaries – CheekyCrypto
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A routine trip to Trader Joe's turned into a life-changing event. Ever had a moment that sticks with you? Mine happened at Trader Joe's. Easter afternoon, I'm just doing my shopping for the week. I'm browsing, and something feels off. There's this person, too close, not really shopping. My wallet, my phone - out in the open in the cart. I felt uneasy but shrugged it off and ignored my gut. Suddenly, she reached for my stuff. I quickly react and yell. "That's my wallet!" I shout. I never saw it coming, but there I was, protecting my belongings. An elbow, and with all my strength, I protect my things. This moment? It was a wake-up call. It showed me how crucial our instincts are. Not just in a store, but in business too. Those little cues, the feelings we get about a deal or a client's unspoken needs? That's intuition at work. So now, I listen closer to that inner voice. It's guided me more than once in business decisions. It's about trusting those instincts, even in the boardroom. What about you? Have you ever had a gut feeling to steer you right in business? I'd love to hear your stories! and P.S. I keep my possessions close now. #gutfeeling #smallbusinessconsulting #startupstrategies
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