ALL RIGHT WELL, TURNING BACK TO
CHINA'S CRACKDOWN. THE
COUNTRY'S CENTRAL BANK
DECLARING A ALL CRYPTO RELATED
ACTIVITY ILLEGAL LAST
FRIDAY MAJOR CRYPTOCURRENCY
SINKING ON THE NEWS IN JOIN ME
NOW HOW IS HOW ON
SHOE FOUND AND CEO OF A PIT THE
NI HAO HUNT, THANKS SO MUCH FOR
COMING ON THE SHOW.
I LOOK WHILE THEY'RE BOTH
ACTUALLY LOWER TODAY, WHAT IS
YOUR TAKE ON WHY BITCOIN ETHER
REBOUNDED EVEN AFTER CHINA'S
ANNOUNCEMENT.
>> YEAH, THANKS FOR HAVING ME
CHRIS SO YES CHINA HAS BEEN
CRYPTO FOR THE 964 SITE SINCE
2013. AND THE RECENT MANAGE
REALLY NO SURPRISE A LOT
OF YOU BUT THE THE
MARKET DIDN'T REALLY SEEM TO
CARE TOO BIG POINTS STILL UP
ABOUT 30,000 OF THE START OF
2021 FOR REALLY GOOD AROUND 45%
YEAR TO
DATE RETIRE. THAT'S MORE THAN
THE DOUBLE OF THE GAME'S BEST
AND P 500 INDEX. AS FAR BACK AS
2013,
TRYING TO BAN BANKS FROM
HANDLING BITCOIN TRANSACTIONS
AS WELL AS CRYPTO CHANGE THEM
YEAH OR VICE VERSA FOR H FOR
CHINESE BANKS WOULD BUILD
CRITICAL CHANGES IN 2017
THEY'VE BEEN INITIAL COIN
OFFERINGS IN 2019. THEY SAID
THEY WERE GOING TO BEND MY KNEE
BUT DID NOT ACT EARLIER THIS
YEAR THEY REITERATED THAT MIGHT
BE BAD
AT JUST LAST
WERE JUST TALKING ABOUT THAT SO
THEY SHOULDN'T PLAY COULD BAIL
ALT-RIGHT ACTIVISTS AND
BUSINESS DEALINGS THAT TOUCH
CRYPTO THE DIFFERENCE BETWEEN
THIS TIME AND THE PREVIOUS ITEM
IS ELIMINATED AND RETAIL TRADE
SO TO THE LARGEST EXCHANGES
LIKE WE SAID WILL BE IN FINANCE
HAVE STOPPED LETTING CHINA BASE
USERS RATION YOU ACCOUNT OF THE
PLATFORM, SO WE'LL BE HAS
ANNOUNCED PLANS TO USE THE
CLOSE EXISTING ACCOUNTS BY
IRAN.
>> WHAT DOES IT FOR
THOSE PLATFORMS HOW HOT, I MEAN
WHAT IS THE FUTURE OF THESE
PLATFORMS IF CHINA IS NOT
ENGAGE WITH THEM.
>> YES SO NOTHING REALLY
CHANGES MUCH FOR A STREET
OR TREATING SAYS MANY STUDENTS
ALREADY NOT FACE IN TRYING TO
THE BATTLESHIP TRADING COURSE,
HEALTHIER EXCHANGE IS LOCATED
IN JURISDICTIONS MORE ROBUST
AND CLEAR REGULATIONS TO THE
BAN WILL HELP TRYING TO ENFORCE
AND CONSULT FINANCIAL MARKETS
STABILITY.
>> COMPANY DOES OFFER USERS
A TRADING THAT WORK HOW DO YOU
FOR YOUR PLATFORM APPROACH
THESE REGULATORY CRACKDOWNS.
>> YEAH WE WE
MAINLY REGULATE WITHIN THE
CONFINES OR WITH THE REGULARS
REQUEST SO WE DO NOT TAKE WOULD
NOT TAKE ON CHINESE USERS
AND NOWHERE. HE LIVES IN THE
UNITED STATES A LOT OF OTHER
COUNTRIES. SO WE TAKE
REGULATION
VERY SERIOUSLY WE'RE FULLY
COMPLY WITH WHATEVER THE
CHINESE GOVERNMENT REQUESTS IT.
>> AS THE CHINESE GOVERNMENT
DRAWING A CLEAR LINE IN THE
SAND HERE. HOW HAN DO YOU
ANTICIPATE OF OUR OTHER
GOVERNMENTS WILL DO THE SAME.
>> YES, I THINK ONE OF THE GOOD
EXAMPLE IS THE UNITED STATES.
RECENTLY
POINT MACE AND THEY ONGOING
CONVERSATION IS SOMETHING
THAT'S ACTUALLY GOOD TRADE
WHAT WHAT THE RULES ARE CLEAR
IN THE GAME IS EASY TO PLAY THE
GAME WHEN THE RULES ARE VERY
AND BECAUSE THIS IS HARD FOR
ANYONE TO PLAY
THE GAME. SO THINK OF THE
UNITED IT'S A VERY GOOD
DIRECTION.
>> SO WHAT IS
PREDICTION LONG-TERM, I MEAN
I'M SURE YOU ARE BULLISH ON
CRYPTOCURRENCY BUT WITH THE
WORLD'S BIGGEST
AND SECOND-BIGGEST ECONOMY THIS
IN THE IN THE WORLD'S SECOND
LARGEST ECONOMY I WRITE IN AN
OUTRIGHT BAN, WHAT IS YOUR
PREDICTION FOR THE FUTURE OF
CRYPTO AND THAT KIND OF WORLD.
>> YES, I THINK IN CHINA, ONE
OF REGIS FROM BAD AS THE PUSH
BUT DID YOU KNOW
YOU ARE BUT ONE OF THE
INTERESTING THING IS A LOT OF
WHAT WE SEE AFTER THE
BASE THAT USDT HEATHER WHICH IS
A CRYPTOCURRENCY PAID BY THE
U.S. DOLLAR IT'S A VERY CALMLY
TREATING THE CRYPTO WORLD IS
TRADING WITH A DISCOUNT IN THE
OTC MARKETS ON BY ITSELF
WILL BE. NOW THIS IS A RARE
BECAUSE GOING TRYING TO AFFIX
CONTROL POLICY USDT YORKER TO
TREZ IS A LIKE A DECREASE US
DOLLARS SHOULD BE TRADING AT A
PREMIUM. ALL THIS SIGNIFY DIARY
TELLS IN CHINA ARE IN FACT THIS
GAPING FROM
THE ISS BACK TO THE UN WORLD
WHICH IS WHAT THE GOVERNMENT
WANTS.
>> DO YOU THINK THAT CHINA'S
DIGITAL CURRENCY. CAN BECOME A
LEADER AROUND THE WORLD RIGHT
THAT'S WHAT WE KNOW IN THE BACK
A DROP OF ALL OF THIS
HOW HIGH IS THAT CHINA IS NOW
PUSHING ITS OWN DIGITAL
CURRENCY DIGITAL WON. HOW DOES
THAT FIT INTO THIS.
>> YES, I THINK I THINK IT IS
DEFINITELY VERY LIKELY CHINA
HAS INVESTED A LOT OF RESOURCES
AND GO TO THE CDC AND SO FAR
BELIEVE
THERE'S OVERT 21 MILLION
ACCOUNTS OR A PRETTY GOOD
AMOUNT THE DRUG AND BEING
ISSUED OUT THERE THE DEW POINT
IS CERTAINLY THE ECONOMY VERY
SOON IN THE NEXT FEW YEARS I
BELIEVE SO VERY LIKELY.
>> AND IN TERMS US DIGITAL
DOLLAR IS THAT SOMETHING THAT
YOU HAVE
YOUR WORK THEY ARE ON AND IF SO
WHEN YOU THINK THAT THAT MIGHT
COME TO FRUITION AND HOW
COMPETITIVE CANOPY IN THIS
LANDSCAPE WHERE
WE SEE MORE AND MORE DIGITAL
CURRENCIES POPPING UP BY THE
DAY.
>> YEAH, I THINK THE SO IN
TERMS OF US IS YOUR DOLLAR
THEIRS. ALREADY COUPLE
POPULAR WAS. ONE OF THE ONE OF
THE CALM ONCE WE USE IN THE
USDC
USDT RIGHT. IT IN TREATING
THESE ARE VERY SO I THINK IT'S
IT'S A COMPETITION THESE 2 WILL
MEET THE OTHER
TOP SPOTS AND I THINK NEW
POLICIES MOSTLY SEE BEHIND ME,
I MEAN BANKS ISSUED THEIR OWN
TO A DOLLAR ALSO HELP OF
THE COMPETITION. YEAH, BUT USDC
SEEMS LIKE LIKE THEY'RE IN A