Wesley Thysse: On Governments Planning Worldwide Regulation of Crypto

If you enjoyed the show & would like to support us, a donation of any size would be greatly appreciated and would mean so much! XMR Donations Accepted (type in MoneroTalk.crypto in your CakeWallet send address field): 49GdSCVTTE4TaDknDFn95QGc3mn3g7JZiPKX6QM7ZpuE5cscRFuGNhnjATKnjDHY7tNUQMM63n24uPYbj1AXFBk5KUPnDrL OR you can also help support the channel by purchasing a bag of delicious Guatemalan Coffee! Check out https://gratuitas.org/ to buy a bag & if you enjoy what you taste, send a Monero tip directly to the farmers that grew, harvested, prepared, and roasted your beans! Check out our new Gratutias Ad: https://www.youtube.com/watch?v=FVJq-SzAlow TODAY'S 🎙SHOW: Douglas Tuman interviews Wesley Thysse of decentralized legal system.com, who recently made a splash on r/cryptocurrency with the posting of his report on what regulations he believes governments worldwide will begin to enforce with regards to crypto. The two discuss Wesley's research into the Financial action task Force and their recent recommendations to G20 on how to approach crypto currency, and why and how the FATF has so much influence in bringing forth financial regulations in the US and globally, especially considering it is not an elected body. The two also discuss Wesley's thoughts on crypto and in particular monero as an unstoppable technology and whether betting on Monero in the face of mounting regulatory headwind is sound. ⏱Timestamps: 0:00 – Intro 2:05 – Monero Talk Starts – Wesley Explains Reddit Post 6:32 – How often are FATF recommendations used 9:40 – Soft laws and the FATF recommendations 10:10 – What interests are behind the FATF? 11:45 – Wesley discusses how these laws are implemented 13:03 – Doug points out elected officials are taking recommendations from organizations that weren't 13:30 – FATFs goal is to prevent money laundering/terrorist financing. 14:32 -What do you think the motivations behind these organizations making recommendations 16:50 – The wealthy tend to benefit from these new laws 19:50 – What are they try to achieve with these regulations 24:38 – How will they try to approach regulating Monero 26:38 – Will this stop Monero? 29:32 – Monero is still Unstoppable 35:20 – Wesley’s thoughts on Bitcoin culture of ‘Number Go Up’ 37:55 – How does Wesley align with crypto 40:37 – Wesley’s thoughts on those who are ‘all in’ with crypto 44:11 – How to deal with news of Regulation, The silver lining of crypto regulation 47:16 – Will Regulators use Monero to better understand it? 51:03 – Why is Monero treated differently then Cash. 56:04 – CBDC, Stable Coins risk to Financial System 1:02:30 – Wesley’s recommendations for the Monero community 1:03:51 – Don't fear incoming regulation. Keep using Monero 1:05:44 – Outro, where to find Wesley’s work 🔗Links: Website: https://decentralizedlegalsystem.com Twitter: @Decentral_Law Reddit Post: https://np.reddit.com/r/CryptoCurrency/comments/o9fd7l/governments_planning_global_coordinated/ 🚨SPONSOR: Cake Wallet, the first open-source Monero (& now Bitcoin!) wallet for iOS. If you have an iphone or Android 📲, Monero Talk recommends that you use Cake ;) It has been verified by the Monero community, you control your own keys, it connects directly to the Monero blockchain, and you can even exchange between XMR, BTC, LTC & more in the app! Website: https://cakewallet.io/ iOS Download: https://apps.apple.com/us/app/cake-wallet-for-xmr-monero/id1334702542 Android Download: https://play.google.com/store/apps/details?id=com.cakewallet.cake_wallet&hl=en_US 🚨SPONSOR: Sweetwater Digital Asset Consulting: Connecting new money with old money since 2018. Website: https://sweetwater.consulting 🚨SPONSOR: ChangeNOW: a Limitless Crypto Exchange Website: https://changenow.io/ Don't forget to SUBSCRIBE! The more subscribers, the more we can help Monero grow! 🚀 Listen & Reach out to us: 🎧PODCAST: ITUNES: https://apple.co/34W7FVp SPOTIFY: https://spoti.fi/2t1y9b4 GOOGLE PLAY: https://bit.ly/363JYMo STITCHER: https://bit.ly/2tUcIck WEBSITE: https://www.monerotalk.live 📧CONTACT: [email protected] Get 🤓😎Social with us: TWITTER: https://twitter.com/monerotalk FACEBOOK: https://www.facebook.com/MoneroTalk/ HOST: https://twitter.com/douglastuman INSTAGRAM: https://www.instagram.com/monerotalk/