Yahoo Finance's Jennifer Schonberger discusses the global financial response to cryptocurrency exchanges.
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Don't Miss: Valley of Hype: The Culture That Built Elizabeth Holmes
WATCH HERE:
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About Yahoo Finance:
At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.
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Francisco Gimeno - BC Analyst With news of regulation coming from many regulatory authorities around the world, there is also a movement to raise the idea of crypto as a danger to the financial system. Is that possible? Can this be true? Somehow, it's true, but not in the way they say. Crypto (and more in a future crypto.2 market) is challenging the tradicional financial system which is already lacking for many, while crypto brings flexibility, freedom and global finance. Banks don't like crypto. Traditional financial products don't like crypto. Authorities which use financial control to control people (see Canada this week!) don't like crypto too. They will try anything ("crypto is a tool for criminal acts!"). The fight for power and control or financial and social freedom is going to be hard.