Banning Cryptos and Leo Projects Release Dates Announced
The Good
It's fair to say that we live in a pretty fucked up world, i think most of you know it by now. Crypto in January of 2021 had so fast development that somebody can say it was bigger than the whole of 2020.
We had the grayscale and other big funds that are constantly buying cryptos in bulk and of course, btc surpassed the 40k barrier. That was the start of a new wave of cryptofuzz with media/news and "influencers" talking about cryptos and their potentials once again.
Then we have people like Elon talking about cryptos, more specifically about btc and doge and by just talking about them, he managed to "broke" to records. The first one was to increase the price of btc 4k in a couple of hours and to increase the price of doge, from 0.01$ to 0.07$
Then we had governments starting paying closer attention to cryptos like the Pakistani government for example, that set up miners or the mayor of Miami who is openly pro about BTC.
The Bad
Now the bad things are that all this fuzz made some people start blaming on cryptos once again and trying to regulate them, of course for their sakes.
Christine Lagarde said a couple of weeks ago that cryptos are a cause of money laundering and that they strongly need to be regulated. A couple of days ago we heard that Nigeria banned cryptos and that South Africa has enforced some strong regulations on them. Also, India is trying to do the same. Read these post below for more
South Africa Looks To Tax All Crypto Transactions from @chekohler
Now Is The Time To Become Invisible from @cryptoandcoffee
Would HIVE classify as a private cryptocurrency and get banned in INDIA ? from @sanjeevm
The interesting thing is that while i don't deny the fact that cryptos are used for money laundering, that isn't the actual problem in my eyes. For years we have money laundering through banks, paradise islands and ofc with the "consent" of the politicians who earn their fair share.
Thus, i see 2 reasons behind the whole "regulate the cryptos thing". The first one is that they didn't actually manage to buy a bulk of cryptos cheap and now that they see all these pumps they want to destroy it.
The second one is that they simply don't want the wealth to be spread among everyday people. That's why we see the banning already happening in "poorer" countries because they wanna take advantage of these people and have them work for low wages, many hours for their sakes.
They don't want these people to built or create something for themselves with the wealth that is provided to them by cryptos because they fear, they will ask for more money, less work, in other words, because they will ask for more "human" things they deserve.
And the Upcoming Leo Projects
We are on a platform that rewards users for creating content, leasing their voting power, commenting, curating, playing games, we have it all. The Leofinance team, one of the best teams in the Hive ecosystem, at least for me, decided a couple of months ago, maybe more to boost up their game.
They will create a new crypto microblogging dapp and ofc LeoFi, i won't share much about what these projects are and can do but instead, i will let you know about the release dates that just announced.
LeoFi: Official target date: Beginning of March
ProjectBlank: Office target date: End of February
Note that depending on what it may occur these dates can change. For more information read, taskmaster's post that you can find below.
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