ADA Founder Charles Hoskinson Announces The Requirement For Cryptocurrencies To Become A Global Financial System!

Cardano (ADA) co-founder Charles Hoskinson, Cardano and cryptocurrencies determined a broad vision for the future.

In a new video update, Hoskinson tells his 315,000 YouTube subscribers that crypto projects like ADA may one day become the world’s financial system, but states that for this to become a reality, the US government must adopt appropriate crypto regulations.

US Needs to Make Appropriate Regulations for Cryptocurrencies to Become a Global Financial System

Hoskinson expressed his thoughts on the subject as follows:

“This is necessary so that we can move on to the next stage. As many of you know, we want Cardano and cryptocurrencies in general to become the financial operating systems of the world.

And my greatest passion in life has always been to bank on the unbanked and give the unbanked a self-sovereign and ultimately global economic identity they can control and ensure human rights, freedom of association, trade and expression.

To achieve this, we need a regulatory regime that acknowledges the existence of cryptocurrencies, sees them as positive things, and appreciates the freedom they provide to people.”

“China’s Digital Yuan Project is Dangerous”

Hoskinson continued to voice his concerns about the course of China’s digital Yuan project, saying that the project would endanger people’s financial freedoms:

“People’s Bank of China representative gave a presentation on the digital Yuan and it was striking how sophisticated and already scaled the system is: 40 million users, 10,000 transactions per second, half account model and very tight connection with some of their existing payment systems like WeChat, Alipay. .

It is clear that they have combined the social credit system and their “One Belt, One Road” program with this digital currency.”

*Not investment advice.