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What are Governments Saying?

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Narendra Modi

Prime Minister of India

“We must ... jointly shape global norms for emerging technologies like social media and cryptocurrencies so that they are used to empower democracy, not to undermine it.Technology has become a major instrument of global competition & key to shaping future international order. Technology & data are becoming new weapons.”

Hilary Clinton

US Secretary of State

“What looks like a very interesting and somewhat exotic effort to literally mine new coins in order to trade with them has the potential for undermining currencies, for undermining the role of the dollar as the reserve currency, for destabilizing nations, perhaps starting with small ones but going much larger.”

Jelena McWilliams

Former FDIC Chairman U.S.

"My goal in this interagency group is to basically provide a path for banks to be able to act as a custodian of these assets, use crypto assets, digital assets as some form of collateral." "I think that we need to allow banks in this space, while appropriately managing and mitigating risk," McWilliams said. "If we don't bring this activity inside the banks, it is going to develop outside of the banks...The federal regulators won't be able to regulate it."

King Charles III

King of England

“Blockchain! Yes! Yes, very interesting development.”

Sheikh Mohammed bin Rashid

Vice President PM of UAE

“The future belongs to whoever designs it,” “Today, through the virtual assets law, we seek to participate in the design of this new and rapidly growing global sector. Our step is a leap towards the future aimed at developing this sector and protecting all investors in it”

Kingsley Moghalu

Former Deputy Governor

“$500 million worth of Bitcoin has been traded in Nigeria within the last five years and Nigeria is one of the top 10 countries in the use of cryptocurrencies in the world today”. "Rather than just shutting it off completely - especially to the extent that it provides livelihoods for many people in a depressed economy".

Joe Biden

U.S. President

“For this reason, around 90% of governments around the world,representing 90% of global GDP, are actively pursuing their own central bank digital currencies (CBDCs).” “First, digital currencies are an inevitability in the ever more digital world that we live in. When tech is driving the way we live, work, do business and much more besides, it makes sense to have money that runs on tech too".

Janet Yellen

U.S. Secretary of Treasury

"A presidential executive order on cryptocurrencies would 'support responsible innovation' as   it coordinates U.S. policy across agencies." “The executive order could “result in substantial benefits for the nation, consumers, and businesses.”

Eric Adams

Mayor of New York City

"Bitcoin is the “new way of paying for goods and services throughout the entire globe” and that schools “must” teach the technology behind it, as well as “this new way of thinking”

Francis Suarez

Mayor of Miami, U.S.

"I'm going to ask my friends, my brothers and sisters, the mayors of this country to sign on to a mayoral crypto compact, because we need to lead in the absence of leadership," he said. "We need to make sure that a generation of prosperity and innovation is not lost because of a lack of innovative spirit."

Dr. Hubert Minnis

Prime Minister of Bahamas

“Companies that utilize blockchain technology as a basis for their new products and services, represent a genesis of a new wave of solutions that we believe will change the world as we know it. There is no reason why these new blockchain technology companies that have their eyes on global markets cannot have their base of operations here in The Bahamas.”

Nayib Bukele

President of El Salvador

“There are more than 50 million millionaires in the world. Imagine when each one of them decides they should own at least ONE #Bitcoin But there will ever be only 21 million #Bitcoin No enough for even half of them. A gigantic price increase is just a matter of time.”

Stephen Barclay

Member of Parliament.U.K

"We are working to address concerns about the use of cryptocurrencies by negotiating to bring virtual currency exchange platforms and some wallet providers within anti-money laundering and counter-terrorist financing regulation."

Caroline Pham

U.S. CFTC Commissioner

“The CFTC already has a framework that’s ready-made to go right now into the regulated sector for digital assets.” Caroline D. Pham was sworn in as a CFTC Commissioner on April 14, 2022. She is a recognized leader in financial services compliance and regulatory strategy and policy, with deep expertise in derivatives and capital markets and emerging issues such as digital innovation."

Fumio Kishida

Prime Minister of Japan

“We are confident that incorporating new digital services such as the metaverse and NFTs will lead to economic growth for Japan. As we enter the Web3 era, I feel strongly that we must resolutely promote this environment from a political standpoint.” “The dawn of the Web3 era may lead economic growth [for Japan].”

Rand Paul U.S.

Senator State of Ketucky

“Well, I’ve started to question now whether or not cryptocurrency could actually become the reserve currency of the world as more and more people lose confidence in government.” “But here's what I've started to believe now is that the government currencies are so unreliable, they're also fiat currencies, they're not backed by anything. The dollar has been more stable than most other countries and so it is the reserve currency,”

Gary Gensler

SEC Chairman U.S.

"Protecting consumers is generally a good thing, and regulations that are put in place to protect consumers are never a bad thing," he argues. "The question is whether governments then overreach themselves." “What we’re trying to do is ensure to the best we can within our authorities to bring projects into the investor protection perimeter."

Emmanuel Macron

French President

“I don't believe in a self-regulated financial sector. This would be neither sustainable nor democratic. It is up to the public authorities to define the right conditions to allow the sector to develop in confidence while encouraging innovation.”
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bitcoin's growth

$1 Trillion

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Crypto

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New millionaires

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bitcoin's growth

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