Who’s Trying To Kill Crypto!? Watch These 5 Organisations!!

As the adoption of cryptocurrency Continues so too does the opposition From powerful institutions that control And benefit from the corrupt financial System cryptocurrency is in the process Of replacing Over the last few years these powerful Institutions have significantly Increased their efforts to regulate Restrict subvert and destroy the crypto Industry and it’s about time someone Called them out by name today i’m going To tell you about the institutions that Are trying to kill crypto how they’re Trying to do it whether they will Succeed and what it all means for Cryptocurrency [Music] If this is the first time you come my Way my name is guy and i do crypto every Day the coin bureau is home to some of The highest quality crypto content your Device can display Coins tokens news and reviews are just a Few of the topics i convey If you want to stay subscribe to the Channel and ping that notification bell Without delay Now that you know what i portray let’s See which anti-crypto institutions are Fighting in the financial frame The first institution that’s trying to Kill crypto is the bank for International settlements or bis

This is the self-described bank for Central banks The bis is based in basel switzerland And it is owned by the 63 central banks That make up its membership the bis was Founded way back in 1930 and is Technically the oldest international Financial institution in existence What’s interesting is that the bis was Supposed to be disbanded in 1944 as part Of the bretton woods conference Still waiting On its website the bis says this is Because the financial elite at bretton Woods didn’t believe the bis would play A useful role once the imf and the world Bank had been established However a memoir by one of the Economists who was actually present at The bretton woods conference revealed That the reason for the institution’s Intended dissolution was because the bis Had allegedly assisted the nazis in Taking gold and other assets from Occupied countries This was proved to be true in 2013 when The bank of england declassified Documents about how it helped the bis And the nazis take gold from Czechoslovakia Now despite this history the bis was Never disbanded thanks in part to Influential economists like john maynard Keynes

For context keynes is famous for Pioneering so-called demand-side Economics Demand side economics is the theory that The demand for goods and services is Fundamentally what causes economic Growth and inflation a theory popular With many central bankers the more you Know Anyways today the bis has undertaken a Similarly disturbing role and that’s to Assist central banks to develop their Respective central bank digital Currencies or cbdc’s Now if you’ve watched any of our videos About cbdc’s you’ll know that they will Give central banks the power to decide What you can buy when you can buy it Where you can buy it how much money you Can spend and even how much money you Can save In the words of bis manager agustin Carstens quote the central bank will Have absolute control And quote will have the technology to Enforce that control It should come as no surprise then that The bis is opposed to cryptocurrencies Of all kinds especially stable coins This is simply because cryptocurrency Undermines the total control of currency That its associated central banks are Explicitly trying to achieve with their Cbdc’s which are themselves clearly

Direct competitors to stable coins So far the bis’s anti-crypto activities Have been limited to reports about why Cryptocurrency is bad and why cbdc’s are Better It seems these reports are being Conducted under the direction of hyun Seong shin the bis’s head of research Now if you watched our recent video About the bis vision for the future of Finance you’ll know that nobody is Buying what they’re selling and even the Reporters the bis invited to its recent Press conference about the report were Skeptical about the institution’s cbdc Push Even so there’s no question that the bis Has an incredible amount of influence Especially since central bankers from Around the world regularly meet at the Bis’s headquarters in basel to discuss What they’re going to do next You can see what that looks like using The link in the description The second institution that’s trying to Kill crypto is the financial action task Force or fat f an international Organization based in paris france It consists of 40 countries and dozens Of other international organizations Including the imf and world bank The fat f was founded in 1989 and it was Initially established to combat money Laundering around the world

Its mandate has since expanded to Include anything that threatens the Integrity of the financial system and it Achieves this mandate by issuing So-called recommendations about the Kinds of financial regulations the Countries should implement The fat f drafted its first set of 40 Recommendations One year after it was founded The most infamous of these Recommendations is the so-called travel Rule which requires financial Institutions to collect detailed Information about anyone sending or Receiving more than a certain amount of Money usually around one thousand Dollars Although the fat f doesn’t have the Power to write national laws any Countries that fail to comply with its Recommendations often find themselves on Its graylist or worse its blacklist Being on the former makes it difficult To interact with the global financial System and being on the latter makes it Impossible That’s why more than 200 countries have Chosen to comply with the fat f’s Recommendations Now if you’re wondering who writes the Fat f’s recommendations the answer is Nobody really knows That’s because the fat f consists of

Unelected officials who hold meetings Behind closed doors where they decide What recommendations to pass and which Countries land on which list If you watched our first video about the Fat f then you’ll know that its Officials are also effectively above the Law thanks to the vienna conference on Diplomatic intercourse and immunities Passed in 1961. Under the vienna conference folks like Fat f officials cannot be arrested or Detained they cannot be charged with a Criminal or civil crime and they do not Have to pay taxes Fat f officials are also not subject to Pandemic travel restrictions Now while it’s not exactly clear who Decides what the fat f does it’s clear That it has strong connections to the United states specifically the united States department of the treasury If you watched our second video about The fat f you’ll know that two of the Three lead authors of the finalized Recommendations for cryptocurrency were From the treasury department and the Document notes that the united states is The primary driver behind compliance With the fat f’s recommendations This would explain why the fat f’s Travel rule is eerily similar to the United states bank secrecy act which was Passed way back in the 1970s and is

Coincidentally also referred to as the Travel rule It would also explain why the united States isn’t on the fat f’s gray list or Blacklist even though up to 40 percent Of all money laundering happens in the Usa and why the countries that do end up On the fat f’s gray and blacklist tend To be at odds with the interests of the United states Given these facts it looks like the fat F is another financial weapon the united States occasionally uses against its Enemies and it’s a weapon that’s being Used against cryptocurrency as well Believe it or not but the fat f doesn’t Actually want to ban cryptocurrency it Just wants no more peer-to-peer Transactions and no more privacy Something it hopes to achieve by Labeling any technology or activity Related to these two as high risk In other words the fat f wants to turn Crypto into another arm of the existing Financial system which is of course Controlled By the united states This is pretty bad but admittedly not as Bad as what the bis is planning It also doesn’t seem to be working If you watched our most recent video About the fat f you’ll know that Countries are taking their sweet time Complying with its crypto

Recommendations and it looks like There’s a few which might not impose the Crypto regulations the fat f wants to See This might have something to do with the Fact that its recommendations don’t work In combating illicit finance the fat f’s Own statistics suggest it hasn’t made a Dent in dark money in over 30 years Now if this non-compliance by countries Continues it will be difficult for the Fat f to achieve its goal in time Because if crypto adoption reaches a Tipping point it will be impossible for Politicians to pass the crypto Regulations the fat f wants to see Because the people will vote against Such politicians It’s also quite possible that by the Time compliance starts to come the Financial system would have fragmented To such an extent that the fat f no Longer has any influence This fragmentation has been accelerated By the unprecedented sanctions against Russia and you can learn more about Those using the link in the description I digress The third institution that’s trying to Kill crypto is the imf and the world Bank The international monetary fund or imf Was created as part of the Aforementioned bretton woods agreement

In 1944. For those who don’t know the bretton Woods agreement is where the world Decided to make the us dollar the World’s reserve currency More accurately it’s where the world Decided that the other currencies would Be pegged to the us dollar at a fixed Exchange rate and the us dollar would in Turn be backed by physical gold The imf’s initial job was to ensure the Exchange rates between other currencies And the us dollar remained stable but After the us dollar officially stopped Being backed by gold in 1971 the imf Turned its focus to financial stability Around the world The imf achieves this financial Stability by issuing loans to countries In crisis to ensure that the crisis the Country is facing doesn’t become an International crisis These loans are known for including all Sorts of terms and conditions that Benefit certain institutions i’ll come Back to those in a second Whereas the imf issues loans the world Bank provides longer term financial and Technical support to developing Countries Now you can think of the world bank as Being the unofficial other half of the Imf as it was also created as part of The bretton woods conference

Not only that but the imf and world bank Headquarters are across the street from Each other in washington dc Note that i’ll just refer to the imf From here on out as it’s been much more Vocal about cryptocurrency Now if all that info didn’t make it Clear enough the imf is firmly aligned With the interests of The united states and that’s simply Because the usa has the most voting Power of the imf’s 190 member countries As far as i can tell the imf’s hatred of Cryptocurrency has mostly to do with btc That’s because btc is starting to be Adopted as legal tender by the kinds of Developing countries the imf is trying To control notably el salvador and the Central african republic This is why the imf included a clause in Its debt deal with argentina to Discourage the adoption of Cryptocurrency something that i’m sure Is going to become more common as more Countries start adopting cryptocurrency And btc in particular By the way the clause didn’t work Argentinians are still adopting btc and Stable coins to protect themselves from Inflation Now if you watched our video about the Imf’s report about the decline of the U.s dollar you’ll know that the imf Knows that central banks around the

World are slowly ditching the greenback In favor of alternative currencies You might also recall that this is why It’s possible other countries could Adopt btc Case in point the chairman of the Central bank of switzerland recently Noted that it could hold btc on its Balance sheet once it becomes big enough At that point it’s only a small step to Legal tender status It’s safe to say this is something the Imf doesn’t want to see happen in any Developed countries which is why the Institution has seemingly focused its Attacks on btc Lately these attacks have centered Around bitcoin’s energy use with the imf Claiming cbdcs are superior because they Use less energy What the imf won’t tell you is that Bitcoin’s energy use is negligible in The grand scheme of things more about That In the description Anyhow the fourth institution that’s Trying to kill crypto is wall street Which is more of a collection of Established financial institutions Rather than a single entity As almost everyone around the world Knows wall street’s power is truly Unprecedented and most of this power Resides in a handful of asset managers

Like blackrock and vanguard and Megabanks like jp morgan and bank of America I’ll quickly note that the only reason Why these asset managers and banks were Able to become so big is because they’re Basically first in line at the federal Reserve’s money printer They also have unbelievable influence Over politics and regulations in the United states and elsewhere If you watched our video about the Securities and exchange commission’s Views on cryptocurrency you’ll know that The sec allegedly destroyed documents About the 2008 financial crisis when it Was supposed to be investigating the Asset managers and big banks that caused It A 2012 article from the huffington post Also notes that wall street spent more Money on lobbying than any other Industry between 1998 and 2011 a Spending streak that has apparently been Overshadowed by big tech giants like Meta and mega corporations like amazon Which are now the biggest lobbyists Heck the imf even published a paper in 2019 about the regulatory capture of Bank lobbying and how it led to the Global financial crisis While the authors argued that these Issues were resolved by regulations i Think it’s clear to the average person

That wall street has only become more Powerful Like the central banks at the bis the Asset managers and banks on wall street Do not want to be replaced by Cryptocurrency which is why most of them Have historically been anti-crypto the Thing is that the asset managers and Banks on wall street also don’t want to Be replaced by central bank digital Currencies either and these are quickly Becoming a bigger threat than crypto If you watched our video about the bis’s Report about what cbdc’s will look like You’ll know that they would effectively Cut commercial banks out of the equation Even though the cbdc systems being Proposed by central banks often include Commercial banks as the front end the Bis and its central banks have admitted In multiple reports that it would be Next to impossible for commercial banks To remain profitable under such a system What’s more is that the roles asset Managers and banks play could easily be Filled by companies in the financial Technology sector such as revolut and Paypal It’s even possible that crypto companies Like consensus could play this role you Heard it here first folks Now this leaves only one option for the Asset managers and banks and that’s to Take control of the crypto industry and

Leverage its technology to ensure they Remain profitable and ideally leverage It to the point that they can continue To compete with fintech companies How are asset managers and banks taking Control of the crypto industry you ask Well besides investing heavily in Centralized projects that have close Ties to their own constituents asset Managers and banks are also taking Control of crypto by forcing it to Comply with their esg agenda if you Watched our video about esg you’ll know That it stands for environmental social And governance and if you squint you Realize that it really stands for Control control And control The inability to control bitcoin under This framework is ultimately why wall Street dislikes proof of work This is also why asset managers and big Banks love proof of stake and why they Are pushing for it they have the capital They need to buy up the stake required To take control of almost any crypto Project that uses proof of stake as its Consensus mechanism the same goes for Token-based governance structures At that point they will be able to Implement whatever rules they see fit And if everyone ends up using Proof-of-stake cryptocurrencies the Asset managers and mega banks would

Finally have total control of the Financial system eliminating governments Politicians regulations and their own Accountability Now that’s not to say that proof of work Is perfect or that proof of stake Couldn’t be improved but it’s important To be aware of the game being played and The powerful people who are sitting at The table More about the pros and cons of Proof-of-stake using the link in the Description The fifth and final institution that’s Trying to kill crypto is the world Economic forum or weff a Non-governmental organization or ngo Based in geneva switzerland The west was founded by klaus schwab in 1971 and he has served as its executive Chairman ever since As per its website the wefts purpose is To quote shape global regional and Industry agendas The west has the power to do this Because it consists of over 4 000 of the World’s most powerful individuals and Institutions including all the ones i’ve Mentioned in this video so far If you’ve watched any of our videos About the weft you’ll know that its Plans for the world are truly at odds With the average person It has amazing ideas such as you’ll own

Nothing and be happy which comes Directly from the technocratic brain of Klaus schwab himself You’ll also know that the weft is where Esg standards were established and that The west’s recent annual meeting in Davos included a few crypto companies And personnel as well as a series of Panel discussions about crypto related Topics As far as i can tell the wef has had Cryptocurrency on its radar since 2013 Which makes sense given that this is When the second crypto bull run happened Naturally the wef isn’t all that Interested in cryptocurrency what the West is interested in is the powerful Technology that cryptocurrencies use A historic example here is the wefts Tipping points report from 2015 which Highlighted smart contracts as a point Of interest note that this report was Published shortly after ethereum was Created and it even made a direct Reference to the company that created Chain link three years before it was Created A more recent example is this year’s Davos meeting where the metaverse was Almost as big a topic as esg with Multiple discussions and articles Produced by the wef Speaking of which i’m pretty sure the Second metaverse discussion was the

Longest of any discussion at this year’s Davos meeting Obviously what the wef wants is to use Technology like blockchain smart Contracts and the metaverse to create The dystopia its constituents want and Unfortunately it seems like some crypto Projects and companies are on board with The west’s vision Not naming names Anywho when it comes to blockchain the Wef wants to use it for things like Digital id social credit scores tracking Everything and everyone tokenizing Real-world assets so that their Ownership can be controlled and engaging In quote stakeholder capitalism via Proof-of-stake consensus mechanisms If you’re wondering who the stakeholders Will be klaus has stated in many Interviews and speeches that he created The wef so that stakeholders could Gather Let that sink in Now when it comes to smart contracts the Wef wants to use them for things like Automated censorship to prevent the Purchase of certain goods and services And to create the kinds of incentive Structures the wef wants to see by say Artificially increasing meat prices to Decrease meat eating When it comes to the metaverse the wef Wants to use it to limit population

Growth to pacify people in developing Countries and to give all the quote Useless people something to do in the Worlds of yuval noah harari one of klaus Schwab’s closest advisors Luckily the world is starting to wake up To what the west is trying to do with Cryptocurrency and other technologies That are intended to free rather than Enslave the average person and there’s No shortage of individuals and Institutions who are starting to push Back including from the world of crypto Still it’s scary to realize just how Much influence the wef and all these Other institutions have and it makes you Wonder what other more powerful Organizations are trying to do with Cryptocurrency behind the scenes Rest assured that i’ll be letting you Know if i find anything in the meantime Keep your eyes on these institutions and Don’t hesitate to call them out And that’s all for today’s video about The institutions that are trying to kill Crypto If you think this information is Important take a second to share it if You found it informative smash that like Button for the youtube algorithm if you Want to make sure you don’t miss the Next video subscribe to the channel and Ping that notification bell If you want more from the coin bureau

Check out our second channel coin bureau Clips and the coin bureau podcast which Is available on all the podcasting Platforms you know and love If you want more from me hey why not you Can find me on twitter tiktok and Instagram and you can join my telegram If you want to know what cryptos i hold As part of my portfolio subscribe to my Weekly newsletter if you want to support The channel head on over to the coin Bureau merch store and get yourself Something suitable for summer If you want to know where you can find All of this glorious stuff look no Further than the links down below Thank you all so much for watching and i Will see you next time my name is guy And this Is goodbye [Music] You

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