Zero Hedge: As Reuters reports, the staggering price increases seen in the crypto-market have led to multiple warnings from central bankers, investment bankers and other investors that it has reached bubble territory.
Some say that this could prompt regulators in the West to crack down on the market in a similar fashion to China, where bitcoin exchanges were shut down earlier this year.
“Regulators know the rewards of cryptocurrency and blockchain could be huge but (they) have more than one eye on the catastrophic ramifications if good governance, stability and control are not preserved,” said David Futter, a fintech partner at law firm Ashurst, in London.
“If the carrot of self-regulation proves insufficient, the regulators will not hesitate to use their stick. more …
Opinion: In our post on Bitcoin November 4, we said this: Once governments wake up and outlaw Bitcoin and its offspring, central bank-controlled digital currencies could be next.
Cryptocurrencies are unregulated and therefore transactions, buying and selling, are not taxable which is enough reason for central bankers to be kept up at night. However, any entity or entities that have the ability to print $12 trillion in fiat money because of a financial crisis, will also have the ability to make an uncontrolled currency controlled.
In Revelation 13:17 the Apostle John simply says “and that no one may buy or sell except one who has the mark or the name of the beast, or the number of his name”, meaning legal tender will be so tightly controlled that no transaction will take place that is not approved by the government.
We know three things about the final revived Roman Empire:
- It will have one super president (Rev. 13:1-10)
- It will have one government approved religion (Rev. 13:11-15)
- It will control all forms of commerce (Rev. 13:16-17)
Once governments wake up and outlaw Bitcoin and its offspring, central bank-controlled digital currencies could be next.