Cryptocurrencies: how regulators lost control | FT Film 

8:00 played on leveraged trading and then blame binance when liquidated 🤦🏻‍♂️

If only you know what the future says, you will know that indeed cryptocurrency is the future, investing in it now will be the wisest thing to do. Hold!! And you"ll thank yourself

Mrs Charlotte's is legit and her method works like magic I keep on earning every single week with her new strategy

Hello Mrs Sonia the Bitcoin trader is legit and her method works like magic I keep on earning every single week with her new strategies

Bunch of big banks and institutional traders talking about crypto 😂😂😂 They must be frightened of what is coming!

Absolute garbage analysis…… scary music and All the Usual themes: 1. Lose all your funds 2. Terrorism 3. Scams 4. No regulation

Mrs Maureen is legit and her method works like magic I keep earning every single week with her new strategy

So Katie trades with high leverage, but it doesn't go the way she was hoping for. She get liquidated because she took too much risk. Then she expects to get her money back... Her name should be Karen!

It's has been so difficult for me trading on my own because i have had much losses.Think the real market is manipulated, please can anyone help me out or tell me what I'm doing wrong.

The people can’t be trusted with their financial freedom. If that narrative doesn’t leave you seething with anger, especially given the mess the pompous idiots have made of their centralized positions then Crypto probably isn’t for you. I’m a technologist and I see this eating ever more of their lunch every day, rarely in my life have I been so thrilled.

MRS HANNAH IS LEGIT AND HER TRADING METHOD WORKS LIKE MAGIC I KEEP EARNING EVERY SINGLE WEEK WITH HER NEW STRATEGY.

This was like watching the staff of Blockbuster warning people off Netflix because the internet is unreliable.

Lol that woman "they liquidated my account" - no you decided to margin/futures trade. You gambled and you lost. Grow up. I like how they talk about regulatory bodies - they did so well in the lead up to 2008 didn't they? Ridiculous video trying to scare people away from crypto.

Pretty much all examples on this presentation focus on exchanges. Anyone wanting to own crypto needs to understand this one commandment.... not your keys not your crypto. Everyone wanting crypto needs to own their own cold storage wallet that they are in physical ownership of and hence have ownership of their own keys. As well, everyone in crypto should own their own blockchain consensus node. It pushes out more consensus as well as mitigating central authority control that could manipulate the currency/commodity spot value. So, own your own keys and run a consensus node on your crypto blockchain. Those two rules are necessary for any crypto user. Otherwise, you are in the exact financial system you are trying to run away from!

Regulators are from the government, they know best and they exist to protect us! What could go wrong? 🤣

I'm actually tired of working about stocks...it's driving me nuts these days, I think crypto investment is far better than stock..

Good Video; everyone needs more than their basic salary to be financially secured. the best thing to do with your money is to invest. money left in savings always end up used with no returns...

The bottom line is anything that threatens swift and the USD global reserve currency status will be stopped. If the USD gets dropped as global reserve we could see the USA collapse.

I like and have crypto but I'm happy to admit that there are some serious pitfalls and that the movement has gotten careless and reckless in what was originally the purpose of blockchain/crypto. There are now lots of crypto projects that do literally the same thing as what's already been around in traditional finance/internet but because it's 'crypto' it is somehow revolutionary and better? Don't care what anyone thinks but regulation/governance is always needed. And not just some community voting protocol in which the majority of token holders don't even vote but purely hold to profit at some later stage. Crypto right now is like the wild west, people are falling victim to crimes like rug pulls but that's okay because it's 'decentralized'? Regulations are like traffic lights are to driving. People are really trying to demonize the whole thing until something bad happens to them

Given that major British banks have recently been caught money laundering (eg NatWest) , enabling tax evasion (eg HSBC), and rigging foreign exchange markets (eg Barclays) then I would suggest the FT has some nerve in suggesting that Coin is out of control. It is your City of London that handles dirty money daily with regulators unable to stop corrupt British finance.

Crypto is like Lasers ... when Lasers were invented no one knew what to use them for ... they were cool and a scientific curiosity ... now we use lasers everywhere and for everything. Crypto and the blockchain tech will be the same.

Regulators never had control in first place, look at predotary financial institutions that were bankrupting all these companies for years, blockchain is the future, decentralised finance will put a stop to all this corruption by cutting out the middle man, the time has come

“Oh no I left my crypto on an exchange and it’s gone!” First thing I learned when getting into crypto was not your wallet not your crypto

brace yourself, here comes the FUD

Regulate for consumer protection? Let's not be naive. There's already so much crap within the financial markets for the past few decades and have what regulators done? The regulators want to be involved to stay relevant and to maintain some sort of control

Nice content. To me, trading the forex and crypto market is way better than any online investment 💯

the whole point about it is not to be controlled by an entity!

Please do proper research on insurance on crypto FT

Consumer protection or Monopoly protection?

*Despite the economic crisis,this is a Still a good time to invest in stock and Crypto,*

Yeah we need regulators, whos goiing to manipulate the price without them crooks

The benefits of regulation can stand on its own. When you reference the credit default swaps created during the 2008 as an example of why we need regulation, you lose me, at least. Credit Default Swaps were not illegal and are still not illegal - often delivered under ambiguous derivatives. Crypto markets are succeeding for many reasons one of which is because the Federal Reserve makes the rules that harm more than benefit the economy. The 2008 crises started when US congress relaxed the lending rules for purely political purposes. With hardly any ability to borrow, people with low credit scores were loaned money underwritten by the Feds who were under instructions to do so by politicians who desperately wanted to point to larger home ownership because of their political actions. When people stopped paying their mortgages, the very loans they should never have qualified for to begin with but for politicians relaxing the rules, the 2008 crises gurgled to the surface. Banks were blamed in the press but politicians were and are the culprits. Crypto currencies avoid political decisions and rely soley on financial and economic decisions.

Anybody find it funny they have SAM B. on here as a expert talking about regulations 😅😊

Let’s just accept the reality, digitalization is happening daily. When humans fully accept the virtual world like we are currently adopting slowly; crypto currency’s will be the currency to the virtual world, Nft will be the art and the meta verse will rule the world, in simple terms meta verse, nft and crypto currency’s is the future; get used to it.

Well done BIS for putting your head above the parapet 👏

*Investing cryptocurrency is the best way of getting ahead to build wealth Investing remains a priority. the cryptocurrency market has plenty of opportunities to earn a decent payout, with the right skills and proper understanding of how the market works , I pray that anyone who reads this will be successful in life...*

I love that SBF was in this video as an expert... only to crash and burn one year later

Here's why the SEC and FTC are wrong about crypto: as soon as you create a bitcoin wallet that gets resolved to the chain, and money exchanges hands, and licensed business are accepting it for transactions between citizens and other registered businesses, it's guaranteed to fall under their jurisdictions. The reason crypto isn't regulated is because the SEC and FTC are scared to admit they don't understand it well enough to make rules that won't make them look incompetent. A mature, responsible adult would admit their shortcomings, given they are working for tax payers, asking tax payers for help would be perfectly reasonable. We're not looking for force faults into wasteful endeavours, be honest and we'll figure it out much more quickly than pretending they don't think currency is currency with dictionaries and wiki searches available.

The way things have been going, I'm not surprised how fast Crypto has boomed in popularity. Just look at how the Gov continues to spend us into poverty. When I was a kid, you could put cash in a savings account and earn interest.. That's basically gone now, and within my lifetime the value of the dollar has decreased almost 70%. That's right, 70% folks, and I'm not that old. So don't give me this crap about regulation blah blah blah, if I just hold dollars I'm losing purchasing power every day.

Please, government, help me protect me from myself. I never mentally progressed passed 8th grade so I'm incapable of taking responsibility for my own actions.

Why regulations ???? Who regulating those who prints Billions of Dollars and Bailing the Failures ???

Yes cryptocurrency can be controlled. When this video was aired on Nov 2021, BTC was controlled all the way down to below $18,000 BTC, wipe out 80 % to 90 % of altcoins. SO YES, IT CAN BE CONTROLLED.

What makes Crypto appealing in a macro sense is that its supply is limited, unlike the dollar. It can't be manipulated by a central bank. But that's also a flaw. Because the supply is limited, wild price swings are created around demand peaks and valleys. And for anything to be an effective currency(medium of exchange), it must have stable prices.

Decentralised unregulated means DYOR - with enough research into any crypto project or exchange you should be able to determine for yourself if that project or exchange is worth your investment. Anything can crash….. oil hit ZERO not so long back so even regulated assets have dangers. NEVER invest more than your willing to loose and if you 125x on a leveraged exchange prepare to be burned ……

Please explain to Katie Martin that BTC/crypto is FU money

The speed of innovation and wealth creation is too fast for regulators to handle

Typically boomer , she was leverage trading and now she's crying wolf to the media.

She should have wiped her binance account like the rest of us (before liquidation).

It seems to me that the big traditional financial institutions want crypto to be regulated, which is strange because these are the same firms that did not want derivatives regulated prior to 2008. These are the same firms that blew up the financial markets and who got bailed out by ordinary taxpayers but these same firms are still paying billions in bonuses to the same greedy arrogant executives... Why do they want Crypto regulated? Could it be that having nearly destroyed the worlds economies that they now feel a sense of guilt and would like to try to protect the public or perhaps it is because they they fear the loss of control in the future world of money!

This missing story from this piece is that there are initiatives within the crypto community that are trying to implement regulation. Hedera hashgraph is an example of how future crypto can be regulated. The governing council of HBAR has the likes of IBM, EDF and Standard Bank on them.

Currency is trust. In the future the most trustful trust-less currency will win. This means Main Street will win not Wall Street (eg derivatives) and these Wild West coins, including Bitcoin. Edit: 2024 “trust” is not ephemeral it’s mathematical. Trust can be calculated. Which is why the most trustful-trustless currency will win. It changes the game from endless political arguments to “shut up and calculate”. Anybody anywhere in the world can calculate the trust in a chain of transactions.

Lots of traditional takes... for those interested in a more forward looking perspective check out yesterday's interview on Bankless with the former chair of the CFTC. Regulation is addressed more effectively along with practical wisdom for navigating the next couple years.

crypto currencies are the main reason why there will be an intrest rate increase. there is alot of loaned money put into crypto and there is no way for debt collectors to collect crypto assets, that means that there is a risk.

As soon as we can buy crypto with fiat currencies on decentralized exchanges the regulator are DONE and we can finally be free of their financial manipulation.

Is this a Joke... BTC'ers have bit coin because they are fed up with the Bankers , Government (Regulators).

I have a hard time believing the elites don't understand this.

Thanks for the breakdown! Just a quick off-topic question: I have a SafePal wallet with USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). How can I transfer them to Binance?

Why should it be controlled I thought that was exactly why it was created?

I have such contempt for these people.

My favourite quote ‘regulators do catch up eventually.’

A more interesting question would be: Why do regulars want to control everything? (There are good reasons, don’t get me wrong)

nice hit piece. who sponsored it?

Nobody "really" understands blockchain. That's why nobody can regulate it.

R.I.P. regulators

Talk of digital passports linked to bank accounts, & inflation, make it imperative to accumulate Bitcoin Łitecoin and crypto asap...🌬..🏊🏾‍♀️...🏊‍♀️

Lots of problematic takes. My main comment would be that the regulators don't do a very good job supervising the current markets, nor do they seem to have the intellectual capacity to understand defi. Also, they seem to be more focused on ESG and diversity...(count the number of times risk is mentioned in FCA business plan vs the word diversity).

The acting in this film was top-notch. we better give the fed a ring so they can come and suck all the juices out.

When I was young, we were hoping for a tax on financial transactions to limit excessive speculation and alleviate world poverty. Now, the financial system is embracing electronic money with dog mascots. I feel old.

Bitcoin is here exactly because fiat is totally outta control 😝

Bunch a FUD. They make it seem like our current financial system is not the real problem. This is a joke. I will not get those 26 minutes back.

GYEN IS EXPLODING!!!! 1000X

WHO ON PLANET EARTH DOESNT WANT CONTROL OF THERE ON ASSETS............exactly?!!!!

Making a tulip trading app is not innovation., it's just old speculation gambit in a shiny coat, that will crash and be saved just the same way, because they are not a currency, and can never be.

Wow. Just wow. Not one single thing of this 'Story?' is accute. Would you please, please, do your homework next time? This is embarrassing.

I first heard about Bitcoin from the Financial Times almost a decade ago, it must be now (looking at it, it must have been 2013)... they said it was so risky and could collapse any day if it were regulated. If I had invested even a grand into it then, I could have had like £89k now. Interesting video, but probs gonna take it with a pinch of salt 🤣

It's mostly FUD

THE POINT IS: IT IS DECENTRALIZED BECAUSE NO ONE SHOULD CONTROL IT!!!! IT IS NOT A FAILURE, IT WAS BUILD THAT WAY, TO WORK THAT WAY! IT IS LIKE THAT TO BE FAIR TO EVERYONE!!!!!

They lost control and now things are pumping!

One of the reasons that the housing market went bust and the CDS market lost control was that the subprime mortgage market was very opaque to the market participants, and you had commercial banks, investment banks, and rating agencies acted irresponsibly. However, decentralized blockchain can't act irresponsibly because it runs exactly as how it was coded, and all transactions happened on the blockchain are transparent to all, no hiding info(except the real identity of each address, which shouldn't be our concern). Therefore, you wouldn't have such things as when the problem gets too big to solve because you can always access the data on the blockchain as long as you have an internet connection.

Crypto is a tulip in a field of grain.

Regulators are just ticked because they cant play middle man. Beside stable coins have been around since the start of the bitcoin era. This means fiat money has been tied to crypto from the start. Ask anybody in crypto, you still pay taxes on your gains. Is there a risk?, Yes just like stocks, bonds, or any other investment. Do your own home work.

Financial Times definitely NGMI !!!!

this is a buy signal. The Fear propaganda only makes bitcoin stronger

As usual, these ppl are very good at creating tragic story even from one of the best and most important innovations of 21st century. Fiat is the past, Crypto is the future. No one can change it anymore, live with it

The consumer seems to have done ok without your regulations.

I've got an idea! 1.) Let's invent our own currency, backed by nothing, and convince people to invest in it. 2.) Make it super complex so that few people can understand it, regulation can't keep up with it, and only the avaricious will follow it. 3.) Make it digital so it can go global 4.) Market it as an innovative way of taking power from the central banks and governments. 5.) Capitalize on the ecological crisis by inventing an environmentally catastrophic way of "mining" to obtain it I can't see any potential problems with this, can you?

😂 loving all the comments ‘hating’ the idea of regulation….and look where we are now!

Derivatives market is a giant compared with puppy Bitcoin!

Crypto is a medium of investment, not a currency, and it is a growing drag on the real economy.

If Financial Times keep reporting like this you will be replaced by Coinbase. Tq bye

yes the banksters are so scared of what is coming with crypto..............some have realised the classic "if you can't beat them, join them" (Visa, Mastercard), some have already given up and are crying in the toilet (Jamie Dimon)

The irony of people running exchanges promoting how revolutionary crypto is relative to the existing systems has become quite clear over the past year. Crypto doesn’t replace the banking system, it requires its own banking system-the exchanges-to be usable and those are currently worse than the traditional banks.

Is this a spoof?

FT talking about regulators being afraid of the fact that there is no central person (s) controlling crypto, is exactly the reason why crypto was created in the first place..

I'm surprised you FT bods don't differetiate between the PoW system for Bitcoin and other crypto assets. The longevity of Bitcoin cannot be undermined, you cannot change the concensus parameters. It acts as a digital store of wealth that does not suffer inflation. Hence, why the central banks are squirming, they can no longer keep humans in the cycle of inflationary economics and the destruction of wealth over time.

Thanks for the interesting content! 😍 Just a small off-topic question: 😅 I have these words 🤨. (behave today finger ski upon boy assault summer exhaust beauty stereo over). What is this? 🤔

A disappointing video in my opinion.

Without cryptocurrency also people are doing money laundering

Let the corporate state propaganda begin..... and GO!