The CryptoWars: China/India vs Switzerland/El Salvador
The CryptoWars have officially commenced. Perhaps war is too strong of a term, but if you ask a crypto-fan I’m guessing they are feeling a little shell shocked by the news from India of late? This “fight”, let’s call it instead, pits big government and its desire for centralization and regulation of cryptocurrencies against the citizens of the world and their desire for decentralization.
It is like the classic tale of David and Goliath; the small versus the powerful, good versus evil and of course, the poor versus the wealthy. Who will win?
Today’s post, a fictitious scouting report of a crypto battle pitting world super powers’ China and India against little Switzerland and El Salvador, fits the David and Goliath profile perfectly.
In the Blue Corner we have Team Decentralized, a fairly small numbered squad representing the people and the upstart, cryptocurrency industry. The members of Team Decentralized approve of Ethereum, Blockchain, all things NFTs and a decentralized currency system that allows citizens to control their own financial destiny. The featured players for Team Decentralization today include two of the crypto-loving world’s biggest stars:
CEO of the Alacer Group. Sharing the latest news in financial crimes and best practices that enable financial institutions to prevent money laundering.