HomeStablecoinsHyun Song Shin on After the Crypto Crash: The future role of...

Hyun Song Shin on After the Crypto Crash: The future role of CBDC

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Hyun Song Shin is Economic Adviser and Head of Research of the Bank for International Settlements (BIS)

[0:00] Introductory remarks
[14:39] Role of stable coins in the crypto universe
[35:32] Drawing lessons for the future of the monetary system
[52:16] Programmability and smart contracts
[59:59] Similar examples
[1:04:02] Cross border dimension of CBDCs

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37 COMMENTS

  1. Why keep mentioning JP Morgan ….we've seen countless fines paid by them,my question is why ?……it makes no sense that you guys try to force thre product down our throats …….we tired of manipulation…..

  2. The UNITED STATES is over. The dollar is all hype. Once the world sees that we are behind everyone else, BTC will become the world's reserve currency. Read your Bible. We are EXACTLY where God said we would be.

    With the fall of paper money, to numbers on a screen.
    The advent of blockchain, is arriving on the scene.
    But no worries on the brain, with our money on the brink.
    You can't have a chain, without a golden LINK!.

  3. Honestly I appreciate you and your content < Technical Analysis is good but I find It truly baffling that major crypto youtubers just look mostly at pure T.A and completely ignore the bigger narrative of why BTC is pumps/pumped and why the future outlook will be even rosier than it seems. It's kinda irresponsible to ignore the fact that each ETF launch so far has caused a major dump at the peaks of BTC. We were already on shaky footing with historically low volume and almost pure whale pumps,narrowly avoiding a long-term bear market. More emphasis should be put into day tradiing as it is less affected by the unpredictable nature of the market. I have made over 12 btc from day tradng with Kerry Pickett insights and charts.His been one step ahead of other analysis

  4. First the crypto crash was manufactured by the people who are trying to centralize all currency. You people are idiots.

    Second, the Cbdc is NOT A crypto currency. They are a manipulated top down currency based on nothing but corruption.

  5. The negative framing of decentralization as fragmentation was kinda cheap. You know, superficial. You sounded like you were selling a used BMW. Tyranny with fresh paint is always a bad choice.

    The BIS is involved with criminals and crimes against humanity.. How did they recruit you? Sex, drugs, and rock and roll?

  6. Wallet/ETH cost is a single-point look – not adequately supported with related graphs. Sure, ETH price is down – as is the new wallet trend. Horse v. cart …. However, this observation should be overlaid on total crypto market entry – ie total wallets in all eco-systems and the amount of private and retail money going into the environment of crypto.

  7. CBDC is a very useful tool for open air prisons. Carbon taxes, vax passes, social credit scores. No matter what, we need to stay away at all costs. Banks need to be done. Dismantle the FED. Period.

  8. It does not matter whether an alternative currency is platformed on the internet or in big book register. If the basic value is zero then it will tend towards zero. The fact that there are data centres is irrelevant. Cryptos right now have zero value.

  9. Anything that crypto can do, CBDCs can do better?! What about trust?… just trust your government? The whole point of crypto is that it is decentralised and independent from government agendas and manipulation..

  10. BIS is like the Belly of the Beast. Explains a lot that HSS speaks the way he does. I for one will be putting my efforts and resources into non-CBDC related solutions as much as possible.

  11. On the Bank of England website, they are open about saying they have been persuading the Government to implement programmable CBDC. Furthermore, they explain why… 'To enable Government and Employers to control the way people spend'… I am not making it up!!!

  12. Sir, Regarding Daily or 4 hour S/R(support/resistance) levels, Forex –do these levels deflect price 60% of times?–and if so why not put standing orders at the start of each day in few currencies(each order with take profit & stop loss) and let the statistical edge play out. It may be safer to just work with daily S/R levels but 4 H levels would give many more executions. And if one happens to be watching price action at the level LIVE then combine it with overbought/oversold stochastics/cci to confirm price deflection chances. Yes Higher time frame for direction. I seek your wisdom/suggestions.

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