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Deutsche Bank Claims Bitcoin “Crossing The Line” And Cannot Be Ignored No Longer

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Deutsche Bank Claims Bitcoin "Crossing The Line" And Cannot Be Ignored No Longer

Growing popularity Bitcoin worried about governments and central banks. The last straw became legalization of cryptocurrency in El Salvador… Of get up with economists from German bankmany politicians, authorities, bankers and economists are calling for market regulation, and this regulation is intended not only to protect investors, but also first of all, maintain the monopoly of control over money what the public authorities use today.

“Bitcoin, along with other cryptographic (sic) assets, has gone beyond widespread use and can no longer be ignored … As cryptocurrencies begin to compete seriously with conventional and fiduciary currencies, regulators and legislators will take action.”, say the experts of the German bank.

Deutsche Bank’s report was published following the publication of the Basel Committee on Banking Supervision. launched a public consultation proposing that banks establish stricter requirements when dealing with bitcoins and other cryptocurrencies.

The proposal is to split digital assets into two groups, placing Bitcoin in the group with the highest risk. On this basis, any asset of this group in the portfolio will receive a risk weight of 1250%, which is the highest indicator provided by the Basel Committee.

In practice, this means that the bank will need a dollar of cash for every dollar of bitcoin, all with a minimum capital requirement of 8%.

Governments will try to prevent cryptocurrencies from competing with fiat currencies.

According to the bank, large economies will in every way prevent cryptocurrencies from overshadowing the currencies that currently dominate the monetary system.

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Crypto assets are on the agenda for most G20 countries. These countries do not want to allow cryptocurrencies to compete with government-backed fiat currencies.

Regarding regulatory measures, the bank expects the rules of the game to change by 2021, and by 2022 the most developed countries will have a solid regulatory framework for crypto assets.

“Governments around the world have fragmented approaches to regulating bitcoin and other cryptocurrencies. Some countries, such as El Savaldor, have allowed Bitcoin to become their currency.“, – said in the message of the bank, adding “… El Salvador’s decision paves the way for other emerging market economies to take similar steps. This is especially true for economies that suffer from instability and heavy reliance on the US dollar. ”

Why is the obsession with regulating something that cannot be regulated?

Just for try so that cryptocurrencies do not jeopardize the control exercised by the authorities over the monetary system, currency and monetary policy.

Bitcoin is decentralized and unregulated – the market is there, but Bitcoin is not. So, whatever governments and “authorities” decide, Bitcoin will always work the way it was created.

While much of the regulation of cryptocurrencies is still done in words and not in deeds, the latest communiqués from the authorities contain a very clear message.

The spearhead will leave the United States under the command of Joe Biden. With the arrival of a Democrat in the White House, the US financial authorities are preparing to take a more active role in regulating the market.

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The reason for trying to stifle the market may well be the story that cryptocurrencies are used in illegal activities.

“Some cryptocurrencies are used by terrorists for criminal activities, hackers, fraudsters. The activity on the darknet and ransomware has been steadily growing since 2019. By 2020, ransomware scams have increased by over 30%. These scams, which often involve cryptocurrencies, remain the largest source of illegal activity in the world. In 2020, scammers received nearly $ 2.5 billion. ”Deutsche Bank analysts say.

The bank completed the report by stating that cryptocurrencies submit more and more threat to monetary and financial stabilityand central banks and governments will not give up their monetary monopoly.

So, as bitcoin and other cryptocurrencies begin to compete seriously with government fiat currencies, regulators and legislators will soon take tough action.

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Economy

Everything has been delivered. 10 Bugatti Centodieci are already in the hands of the owners

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Everything has been delivered.  10 Bugatti Centodieci are already in the hands of the owners

OAll Bugatti Centodieci have been delivered, the Molsheim-based brand said on Monday. Cristiano Ronaldo received the number 07 in October this year. and Bugatti has now revealed that the latest unit – #10 – is already in the possession of its owner.

“The Centodieci combines all the values ​​of the Bugatti brand in an extraordinary package: rarity, innovation, heritage, craftsmanship and unrivaled performance. The production batch of 10 units was so in demand by our customers that it was sold before the Centodieci. was even officially presented,” said Christophe Piochon, president of Bugatti.

This latest example is finished in Quartz White with carbon fiber trim on the bottom and matte grilles. The brake calipers are painted in Light Blue Sport, as is the logo on the rear that refers to the EB110, the iconic Bugatti model that inspired this Centodieci. Inside, the predominant color is also blue, as you can see in the images above.

This block is powered by the same block as the other nine instances. The 8.0-liter W16 with four turbines is capable of developing 1600 hp. In terms of performance, this allows the Centodieci to hit 100 km/h in just 2.4 seconds and reach a top speed of 380 km/h.

Recall that each unit costs the owners eight million euros before taxes.

Read also: We already know when the Bugatti Centodieci fell into the hands of Ronaldo.

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Economy

The first Dacia hybrid. “The cheapest hybrid family on the market”

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The first Dacia hybrid.  "The cheapest hybrid family on the market"

BUT Dacia revealed this Monday that the hybrid engine has been available since March on the Jogger, the Romanian brand’s model known to be available with a seven-seat variant.

The Jogger Hybrid 140, Dacia’s first hybrid, will hit dealerships in March, but customers can expect and order it as early as January.

The price has been revealed by Dacia and since it’s only available in the seven-seater SL Extreme, it starts at €28,800. The brand claims it is “the most affordable hybrid family car on the market.”

Available in six existing colors to celebrate the launch of this hybrid, there will be a slate gray version, as you can see in the images above.

Equipped with a 1.6 liter four-cylinder petrol engine with 90 hp, the Jogger is also powered by two electric motors (a 50 hp engine and a high-voltage starter-generator). The total power is 140 horsepower. The electric transmission is automatic, four-speed, connected to an internal combustion engine, and two speeds are connected to an electric motor. This combined technology was possible, according to Dacia, only due to the lack of clutch.

Combined with the energy recovery levels of the 1.2kWh (230V) battery pack and the efficiency of the automatic transmission, regenerative braking delivers all-electric traction on 80% of urban journeys and saves up to 40% of fuel compared to a combustion engine vehicle.

Read also: Dual-fuel Dacia Jogger Eco-G. We tried 5 seater and LPG…

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Economy

See how Tesla tests its electric Semi truck in the worst-case scenarios

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Tesla Semi camião elétrico testes

Tesla has finally been able to bring its long-awaited Semi to market. This electric truck promises to revolutionize transportation and bring all the unique characteristics of this type of electric vehicle to this class of vehicles.

Now that the first units have been delivered, there is hope that they will finally be mass-produced and reach more transport companies. With so many promises to be kept, a new video is now emerging showing Tesla testing its Semi truck under worst-case scenarios.


Tesla Semi is already on the market

Like all Tesla electric vehicles, Semi follows the same line of creating a unique design associated with a platform with the most modern technology available. The proof is in what was presented to the public and surprised most people.

To prove the quality of this new proposal, Tesla published in your LinkedIn account new video. In it, he reveals some of the testing he's done to determine the strength and quality of the Semi's design and its (potential) durability.

Tests to prove its durability

It has been revealed that the Tesla electric truck is subjected to numerous tests and its application in the worst scenarios that drivers may face. It doesn't stop at the ruggedness of the Semi's designs, but goes further and focuses on the motors and batteries themselves.

This is the proof that many have been waiting for to ensure that this new proposal is not limited to a lot of autonomy. Its resistance is great and will provide greater durability, further enhancing the Semi's value and performance.

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high quality electric truck

Tesla has already showcased the Semi's quality with a video showing its truck driving roughly 500 miles on just one charge. The big news here is that he managed to make this long journey with a maximum load of about 37 tons.

Now Tesla remains to widely place the Semi on the market. At the moment, only a few companies have access to this new product, with a very long list of pending deliveries, who want to start mass-using this electric truck offering.

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