Bitcoin, Crypto currency, Blockchain

CFTC Commissioner Bullish in UN speech

57d29c5d12abce2cb9cac4fa0569126a - CFTC Commissioner Bullish in UN speech

Rostin Behnam, senior officer for the commodity and Futures trading in the United States, currencies were in a conference with the UN in New York a speech about the great and influence in the world of Crypto.

Focus of the speech

1. Crypto-currencies are cross-border

“We have learned that virtual value systems know no borders. Regulation is often kept in the residue and not in the location with the current developments. As a result therefore, some countries crypto-currencies have banned. Other control new, strict laws to you. In spite of all the crypto-currencies will one day be a part of every economy in the world.

Let me repeat that: These currencies will not disappear and you will multiply in every economy and every part of the planet. Some places, small economies, can be [one day] for the Survival of virtual assets. And these currencies will be available outside of the traditional financial intermediaries such as governments, banks, investors, government ministries or international organisations. We are experiencing a technological Revolution. Perhaps we are witnessing a modern miracle.“

2. Crypto-currencies can fight corruption and for Fairness ensure

“My Agency deals daily with the corruption in our markets – as soon as a new [financial] product for the retail audience is available, find fraudulent new ways to take advantage of, just try to invest your hard-earned money.

There are 6.8 billion mobile phones in the world, almost one for every Person on the planet …. Here is our Chance to give money directly in the hands of those who need it most… It could mean a massive and equitable shift of Wealth. Technology could be transformative, without a military Takeover, a civil war or a political or religious creed.“

3. Crypto-currencies are going to change poverty

“The so-called “Unbanked” (someone without a Bank account) can participate thanks to the Crypto currency on the virtual Grid. All those without a Computer, around 4 billion people, can establish a connection to this industry with their mobile phones. We now have a micro bonds, micro-transactions, improved transparency and increased financial inclusion. The old limits and parameters could be revolutionized with the awakening of the new technology.“

4. The global Elite is crypto-currencies try to stop

“… Technology can be a weapon against the work of the United Nations and others to alleviate the try, poverty or violence. Virtual assets are a means to deeper control of wealth and a means of exploitation. Events happen so fast that there is no time for reflection or wonder. We try to understand just what was at the time of Dag Hammarskjöld (UN Secretary-General to 1960) unimaginable. “

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