Comments by "Kevin Street" (@Kevin_Street) on "What Does China's Crypto Ban Mean? Will Other Countries Follow?" video.

  1. Online access to your money and easier tracking for them.
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  2. Thank for the new video! That was really interesting. I've never heard of De Fi before, it sounds potentially revolutionary. Gotta say I have a lot of sympathy for the idea of using technology to eliminate the grasping middlemen that are so abundant in international transactions. There are so many of them! And every one takes a cut for just passing information along. I understand they're necessary to prevent money laundering and criminal activity, but it really seems like credit card processors and the like are allowed to do whatever they want and charge whatever they like so long as they abide by those laws. There's no consumer protection in the system. Crypto has many flaws, but I do enjoy the thought that it makes those people sweat. Anyway, back to the real world. It may be impossible for China to completely eliminate cryptocurrency use by its citizens, but they can probably reduce it to a manageable level, like the money laundering in Macau casinos. Eventually crypto use will fade as new generations grow up with the digital yuan. But will the US really start regulating crypto currencies and things like De Fi? That seems like a MUCH bigger deal to anyone outside of China.
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