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Governments Taking More Steps To Slow Down Cryptocurrency by taskmaster4450

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hive-167922 · @taskmaster4450 ·
$58.16
Governments Taking More Steps To Slow Down Cryptocurrency
<center>

[![](https://ipfs-3speak.b-cdn.net/ipfs/bafkreias3xoarejdomnf6q7dweic7rmygczqszqubpr7o7em5k2lymrbjy/)](https://3speak.tv/watch?v=taskmaster4450/kivcdtsv)

▶️ [Watch on 3Speak](https://3speak.tv/watch?v=taskmaster4450/kivcdtsv)

</center>

---

The circling of the wagons is happening.

Governments are stepping things up.  The EU is now going to not allow anonymity when it comes to crypto wallets.  There are also reports that the SEC is next going to target exchanges.

We are seeing moves to stop the innovation and crush crypto.  It is up to us to keep expanding things in the cryptocurrency world to the point where it is far too big, even without a massive inflow of fiat, for them to even confront.

---

▶️ [3Speak](https://3speak.tv/watch?v=taskmaster4450/kivcdtsv)
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vote details (334)
@ai-summaries · 
**Summary:**
In this video, the speaker discusses the regulatory challenges and crackdowns faced by the cryptocurrency industry, especially regarding private wallets and exchanges. He highlights the need for rapid expansion and the importance of financial sovereignty provided by Bitcoin. The speaker emphasizes the potential of collateralization, particularly with the HBD token, in creating a decentralized and untouchable financial system. He stresses the significance of decentralization to eliminate vulnerabilities and prevent government interference. Additionally, he mentions Hive and underlying blockchain technology as examples of entities that are resistant to regulatory pressures.

**Detailed Article:**
The speaker kicks off the video by addressing the regulatory scrutiny faced by the cryptocurrency industry, particularly the EU's proposed crackdown on anonymous wallets and the SEC's potential targeting of exchanges. He criticizes these actions as anti-entrepreneurship, anti-innovation, and anti-competition. The speaker expresses concern over governmental control and emphasizes the importance of rapid expansion within the crypto space to safeguard financial sovereignty.

The discussion then shifts towards the role of Bitcoin in providing financial sovereignty and the potential of collateralization in the global economy. The speaker underlines the resilience of Bitcoin against regulatory interference and its ability to facilitate expansion and growth within the industry. He suggests that developing and tokenizing various assets while maintaining a decentralized approach is crucial for the industry's advancement.

One of the focal points of the video is the HBD token, which the speaker regards as a scalable and untouchable store of value. He explains how the decentralized nature of HBD, backed by witnesses across the globe, makes it immune to government intervention and confiscation. The speaker envisions the HBD token as a significant player in expanding the crypto economy and maintaining financial independence.

Furthermore, the speaker stresses the necessity of decentralization to counter government control, using examples like Hive as a resilient blockchain network that evades regulatory pressure due to its decentralized structure. He advocates for setting up systems and protocols that eliminate vulnerabilities to preempt potential regulatory actions. The video concludes with a call to action to resist governmental suppression and highlights crypto's potential as a solution to combat stifling regulations and promote innovation.

In summary, the speaker's insights revolve around the themes of regulatory challenges in the cryptocurrency space, the importance of financial sovereignty, the potential of collateralization, and the significance of decentralization in safeguarding the industry against governmental intervention. He highlights specific projects like HBD and Hive as examples of entities that can resist regulatory pressures through their decentralized frameworks.

---

*Notice: This is an AI-generated summary based on a transcript of the video. The summarization of the videos in this channel was requested/approved by the channel owner.*
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@cmplxty.leo · 
It was a matter of time before they were going to try something like this. Hopefully we can develop around this nonsense!

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@cmplxty.leo/re-taskmaster4450-7u3dmn)
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@dondononardem · 
Thanks for your informative post 2 thumbs up.
!PIZZA
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@heskay ·
$0.09
I guess you are right the sec has been going around now I believe its getting there.
👍  
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vote details (1)
@jfang003 · 
It's bound to happen as they want to maintain control. I think it will backfire on them eventually.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@jfang003/re-taskmaster4450-2uzqqq)
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@pixresteemer · 
<center>![pixresteemer_incognito_angel_mini.png](https://files.peakd.com/file/peakd-hive/pixresteemer/8h7BBw1w-pixresteemer_incognito_angel_mini.png)</center><center>Bang, I did it again... I just rehived your post!</center><center>Week 99 of my [contest](/hive-179017/@pixresteemer/the-re-hive-contest-results-week-98-and-start-week-99) just started...you can now check the winners of the previous week!</center><center><sub>10</sub></center>
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@pizzabot · 
<center>PIZZA! 


PIZZA Holders sent <strong>$PIZZA</strong> tips in this post's comments:
@dondononardem<sub>(3/5)</sub> tipped @taskmaster4450 (x1)


<sub>Join us in <a href="https://discord.gg/hivepizza">Discord</a>!</sub></center>
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@yogajill ·
$0.08
Go away!! Lol    bye-bye Legacy systems. Your days are numbered imo. Things are changing. 

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@yogajill/re-taskmaster4450-6mayxp)
👍  
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vote details (1)
@taskmaster4450le · 
They will not go down without a fight.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@taskmaster4450le/re-yogajill-39qaep)
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