What’s going to happen if USDT and USDC start to

Question

What’s going to happen if USDT and USDC start to

lose peg at the same time?

Remember: Hedge Fonds shorts on USDT still running

It’s planed to ban all stable coins, this is what FED Powell said & European MiCA tried to vote for a ban months ago but failed. Next votings will be at the beginning of 2023.

FED POWELL:

> says the US "CBDC" is coming in 2023 next year

> going to be a Fed stablecoin

> mentions private stable coins to be banned, there is no way that there is a digital dollar from a private company besides the FED digital dollar.

AVOID ⛔️:

-Coins that work on issuing their own Stablecoin such as #COTI as example

-Coins that are lending or offering to stake a stable coin

-Staying way too long in stable coins, day X will happen and all of them will crash to zero. Government stable coins are coming to replace all of them. The fake volume caused by Tether is the best thing that could happen to governments, they can easily use all that volume and generate a new market with all that billions that are moving around in the crypto market. In other words, there is already a lot of money in the market, government coins are not starting from zero. In my opinion it was all part of the plan, Tether is just a tool to print as much money as possible and to disappear from the screen, to open the way up for government stable coins.

Focussing at ✅

-CBDC coins such as #XRP, #QNT, #HBAR ..

-Buying #Bitcoin, it will be used as digital gold to back up the government digital currency in my opinion.

This is what I believe how a regulation in the crypto market could partly look like and the answer is pretty easy to regulate and even ban crypto transactions including Bitcoin transactions.

This one will only work as long as the exchange is holding the bitcoin for you, if you are the owner of bitcoin it’s free money, it’s free to use you can send it to anyone you want and it can never be banned from the blockchain.

1. New law regarding crypto in the US and Europe. It will include a deadline day which says to urgently transfer all bitcoins that are being hold on private wallets to the exchange wallets, so authorities can assign any Bitcoin address to any individual due KYC. Whoever isn’t sending his BTC till the deadline day will have to pay a very high amount as penalty once he sends his BTC to the exchange + filling up tons of documents proving where the BTC is coming from, What are your thoughts? Would you send your BTC to the exchanges in such a case?

The goal of the authorizes is to identify any address to any individual.

All centralized exchanges that are not fully regulated and doing KYC will be banned and become illegal.

But what’s the difference from now?

Example 1: You are using Binance and want to send your #Bitcoin to Crypto com. Caution: You are holding nothing, it’s only the number. You have to trust Binance as long as they hold your private keys and have access on the Blockchain. There will be also a huge data bank with millions of informations including all address coins, names, amount of $ in the exchange, collected by exchanges and provided to authorities.

The first step Binance will do is to check the receiver address

1. Can the address be found in the Data bank & is it KYC registered? ✅

2. Is the exchange where the #Bitcoin is going to a regulated exchange? ✅

3. Binance (Bank) sends money, not you.
Crypto com (Bank) receives the money, not your friend. It’s all mentioned digitally that you own XXX Bitcoin, it’s the same what banks are doing today.

Example 2: You want to send your #Bitcoin to a private wallet without KYC

1. Binance checks the address in the Data bank and recognizes that this address is unknown and not on the white list. The transaction will be cancelled.

Any transactions that are going to decentralized exchanges or private wallets will be cancelled immediately by all regulated exchanges in future.

What are your thoughts? This message only contains a small part of my full idea.