This is a day of very confusing news and you'll see exactly why, because a lot of it just doesn't make a lot of sense. According to a recent submission by the Australian Prudential Regulation Authority or the a PRA, the financial services sector, regulators could potentially oversee Facebook's Libre by playing a part in the proposed framework to govern digital wallets on the 21st of January. Apr a submitted, a proposal before the Senate Select Committee on financial and regulatory technology, a PRA which is one of the top regulators watching over the payment system in the country, has reviewed the digital payments mechanism as stored, valued facilities and is expecting digital wallets to hold A large amount of Libre in the future. The regulator has made the assumption, following a request for the new regulatory framework for such digital wallets. Under from the Select Committee of financial regulators, the submission said, under this proposal, a PRS role in the framework would be to oversee wallets that are widely used as a means of payment and store significant value from a reasonable amount of time. Ie potentially Facebook's calibra proposal end quote, however, that wasn't all the submission also added that the likes of Apple pay may not come under the same rigorous level of regulations at digital wallets, utilizing libras, since Apple's payments system is already working under the infrastructure controlled by the Banks, the submission also stated that a new framework for digital assets is being proposed, keeping in mind the need to accommodate future developments and technological advancements.
So why is this first of all here's? The actual submission right here: submission to the Senate, Select Committee on financial technology and a regulatory technology from the AAP are a govt Ju. This is interesting because even just a couple of days ago, and even before that, for those of you not looking at the screen, it says, Facebook's Libre – is not welcome in Australia according to the R ba. The really interesting part is that I could have shown you about 35. Other articles were over the course of 2019. Every single Financial Regulator, Tory Authority thing within Australia has said that they hate Ted Libre. It would never enter Australia, it would never enter the space. I think even somewhere around here says that they they they saw no demand for Libra. You can find it very easily they kept on stating that they saw no reason to allow Libra within Australia simply because there would be no demand for it and I'm, not sure. If that's them not understanding how technology works, I don't mean that as a joke, a lot of people seem to we potentially, we me you. I us all of us here may potentially understand the dangers of a not even a taste centralised coin. It'S just going to be a box of coins, that's going to be controlled by Facebook, we may understand the dangers of such a world where things are happening like that. A lot of people seem to think that simply because they don't like Facebook that everyone else is simply not going to do it as well.
You may have not been on social media and or any other type of platform that is reigning supreme right now. People don't care terrible things happen around the world, and people don't care people would rather post about terrible things happening as opposed to actually doing anything about it. The same exact thing will happen with Libra. Facebook has done horrible things in the past. They have taken people's data messages, everything and people still continue to use them on a daily basis to post pictures of their dogs and their feet, and all this other stuff that people really don't want to see all it takes is money and proper advertising. We spoke about this before all Facebook has to do is: dump free Libra on there one point: whatever billion users around the world and people will start using Libra if you're incentivized to use Libra because you get a discount on Facebook store you get a discount here. Remember how Eber and lift in this place and that place we're, also Libra members – all they have to do is say. Well, you get a fifteen twenty percent discount if you use Libra that is going to cause Libra to start to skyrocket so when they say that they see or that there won't be a use, not a use. What'S the word that normal people won't find the use or want to use, Libre that's a lie. Facebook has somewhat did there's a reason why they started all of this.
They didn't start calibra because they're, like oh yeah, people may want to use it cuz it's on a blockchain right that sounds kind of fun, no they're doing it, because they've thought all of this out already. They know exactly how it's going to be marketed. The entire point being multiple countries came out last year raging, we hate, Libre blockchain, bla, bla, bla, bla bla, we don't, like it bitcoin, looks dangerous and one by one. They all seem to be now coming over to the side of well, I mean as long as we oversee it. I mean then it's, not that bad right. What was the other country who also said recently the Facebook even announced it had to be two months ago that they had spoken directly with? I think three other countries who apparently were now trying to they said they were in talks to potentially become Libre members andor. Node holders, I forgot exactly what the exact things that the entire point being we will see more back stepping within the next couple of months Libre is still expected to try to launch. Sometime this summer we haven't received the exact word on it, since all the regulators were fake, jumping down their throats. Remember how America was also incredibly opposed to it, and now we hear nothing. The people from Libre continue to release news talking about that they're doing this they're hiring this person kind of weird that you know for a month and a half everyone who was screaming really loud and now we hear nothing and even what was the other thing.
I think the Mark Carney the head of the Bank of England. I think he also came out in recent support for calibra, and you know the point being. I think it's annoying and I think there's a better word for that when regulators, governments and stuff like that when they continue to say oh, we don't like it, because this is evil. We don't like it because so and so and then the moment that they figure out a way to make it financially viable for them or to gain control of something or to run a node. Oh no it's, fine, I mean as long as we oversee it. I mean long as we can actually look at the wallets and pay attention to what every single citizen in our country is doing. I mean was that, do you guys have a problem with it? I don't I don't. I mean it's totally fine for us anyway. I thought this news was spectacularly weird because they just posted a couple days ago that it is not welcome in Australia and lo and behold as long as they can control it. They'Re fine with it let's move on um once again – and this is this seems to be a regular thing now on the channel of news that's everywhere, but probably should not have been everywhere. The Tasos foundation has earlier this week so yesterday launched a tezo's faucet, giving away free cryptocurrency to anyone who simply lists a wallet address and passes a CAPTCHA.
The faucet appropriately named tezo's foundation's false. It sends up to now pay attention and I'll. Tell you why this is signal insignificant, rather and also news. If the faucet will give you 0.01 Tasos every time, you click send hey Zoe's clip claims can be made over twelve hours, so you get to do it twice per day and you would get it roughly. Around 0.015 sent as Tasos is currently around one dollar and fifty cents per coin. You heard that, right over the course of 24 hours, you would get less than two cents worth of Tasos. Its website notes that up to ten pesos addresses can receive funds from the faucet. At once, giving you a I mean of really hefty. What is that fifteen cents, 20 cents making out like a bandit and notes? Its purpose is to let developers use tezo's tokens on the main net well faucets, aimed at giving away tokens where developers are nothing. New is usually giveaway test net tokens, not real main net tokens with an actual market value. I will tell you one thing right now: here's the actual website right here it says: welcome to the Taz OSes foundation faucet. I think it's nice that they decided to make this. This news was everywhere. Why is this news ridiculous? I don't know if any of you have ever watched other YouTube channels for some reason: I'd, like these kind of things that uh and i don't, like the word like like hustling and stuff like that.
But i I like to see people do really ridiculous things in a short amount of time. It was a person he made a video where I think he took one cent and his goal was, I think, make it into ten thousand dollars over the course of a couple of days or something like that and he did it. It was very ridiculous. He showed step by step. He used the one cent. I think he went to a store. No, no, he went to someone's car, he said. Can I give you this one cent for some candy that you have in your car and the person was like what they gave him a handful of candy? He took the one cent I think he went around and was like selling the the candy that he had in his hand. I think for like 10 cents, each 25 cents she's something crazy like that ended up getting around four or five dollars. He took that to a store, bought these little 25 cent juices sold them to a couple of people on the street for a dollar each. I think it was summertime by the end of the day. I think he had a couple of hundred dollars, the entire point. Being don't waste your time getting two cents or twenty cents, when you gon na be doing something else, you could work, you could work a normal working hour and be able to get enough Tasos than an entire year of doing this actual faucet.
Why I say this is interesting is because, when I got into the cryptocurrency space, one of the really major things was actually cryptocurrency faucets a lot of people don't know that these things have been around for very long time. I think they started around 2011 2012 people used to set up websites to give away free cryptocurrency. If you remember what was around 2011 2012, it was not a lot of coins. I remember there were places that used to give. I think it was 0.01 Bitcoin away for free and you can use the faucet I think every hour or something like that. I know a lot of people used to get that the Bitcoin like this, but at that point bitcoins price was so low that it was kind of like. Oh, I mean it's kind of some Bitcoin and now 0.01 Bitcoin is still you know, it's a little chunk of change, the entire point being this news was everywhere and when you look it's a couple of cents like I said um if you're even looking to get Into Tasos just get a part time job you can even work an hour a day. You can you can clean somebody's windows and you would still make enough money to be able to buy as much Tasos as you need, like I said, it's gon na be a ridiculous news day. This is a lot of a lot of really weird stuff floating around. In the internet, right now, anyway and that's enough with the the Tasos news yeah, if you're interested go, watch some of those videos not that it's inspiring to me, I always find it fascinating how much someone can do with a little like with absolutely nothing.
What a stupid word market report right here – numbers numbers, symbol, symbol, symbol, symbols, numbers numbers. I also expect a large part of this is and stay with me on this one is the increased energy around aetherium over the last three months we have received, and it says since November we've received an enormous amount of activity and news around aetherium, which we did Not get before as far as eutherian being able to upgrade once again the news that we keep getting about aetherium and that aetherium will be able to go from 15 transactions per second to anywhere from 3000 өсөн 1 million wide gap. I know, but even if we stick at the 3000 number that's still a huge improvement, which would then push all the other aetherium competitors completely away and pushed them to the side. Yeah, I mean there's not really much more, like all the numbers are kind of right here. The news that we had yesterday, I received a barrage of comments. The news that we had yesterday that apparently the people from EOS would not be using EOS for voice apparently was incorrect. I chose and choose coined se because they are actually – and you might not care for this they're. Actually, the leading cryptocurrency news outlet 99.9 of the time, the news that they release is correct. People told me in the comment section that apparently the people from coin desk apparently don't like Brendan bloomer, who is the creator of EOS, and apparently he told them not to release that piece of news.
And apparently they did problem is that they had quotes and they had information from where was said. However, people were telling me that that was incorrect, so I don't know if it's just a lot of negative EOS news, not exactly sure what it is just to clarify, because I know people get really scared. Sometimes, yes, I do still hold my EOS. I have not sold any of my coins every single coin that I've ever spoken about before I still have all of them. I just continued. When I buy more crypto, it is typically one or two coins. Many of the other coins I still hold and I'm going to hold them, but I just simply don't buy them as not even as much I haven't, I don't think I bought and I I don't think I bought any out coins in 2019. I don't think so. I'Ve shifted my focus heavily, the entire point being EOS is daily users as dropped. I assume this is because people that may be moving over to other platforms, trying to test out other things you see if it works quicker, maybe they prefer something. Maybe they have a friend on the other side and also, I think, a very significant part of it comes down to the fact that Ethier iam is expected this year to be able to have thousands of transactions. You get the point. Let'S move on another really weird, and I and I and I expected all of this – I expected every single part of it.
There are four thousand lawyers at the US Securities and Exchange Commission or the SEC, but the agency is light on programmers who can actually explain all of the algorithms involved in today's investments that's according to SEC. Commissioner, Robert Jackson, who remarked at the rapid growth of digital assets and computer driven investment advice, has become a key challenge for regulators trying to keep up with technology technological advances. This was reported by Reuters speaking before an Israeli securities Authority Commission conference on Monday Jackson says the ratio needs to change in order for the agency to be more effective at regulating the markets. He said in 20 years we may need in 20 years, maybe now he said in 20 years. We may need to be an agency of 2000 lawyers and 2000 programmers. I know what it looks like when a human being commits fraud it's a lot harder to detect when an algorithm to frauds the investor, but investors deserve no less protection, simply because money is being moved around by an algorithm. Jackson also says: cryptocurrencies are exciting, but come with risks describing them as another challenge for regulators within 20 years with a better grasp on the technology. The agency can create a legal framework for the space preventing the industry's association with scammers and fraudsters, while also protecting investors. Remember when I said in 2018 һәм 2019 is they have a really strong feeling these people have now that they don't have any idea? What they're doing I felt like they were behind the you shouldn't? They should have that when first of all, um algorithm trading trading, BOTS has been a thing since at least 2011 2012.
It got really good around 2015 2016. I know a lot of people who just use trading bots. You should probably have at least 100 programmers walking around the office if nothing more tend to be didn't, be tapped on the shoulder hey, we need your help, I don't get it and I don't think it's meant for me to get um. We spoke about before, and one of the main things I'm sure it's, not the same as it was before many years ago. One of the main things that got me that interests me about the cryptocurrency space is that I was told it was foretold many years ago that regulators would simply not take a lot of it seriously and they would wait years to be able to become active. To be able to do anything to be able to really get into what all of this is, I still think a large number of regulators around the world don't think that crypto currencies are gon na, make it that they're a fad that they're going to drop away. No one's going to use them or simply that there may only be – which also is a really weird thing. That government simply think that people simply want something digital and that their desire and hunger will be solved. The once a bank produces a something something: digital currency which is not the case but that's not for them to decide the entire point being it'll take them.
I give them another 10 years to really understand what they've been dealing with, but at that point, first of all, even now the cryptocurrency space has Bitcoin has permeated so deep into everything. Um, I think we're good. I just knocked on wood but yeah. This is not the first time that we've heard from a government regulator security, something agency that they need to keep up. Even the head what's that woman's name Hester Pearce. She also came forward. I was like yeah. We need to move forward China's going faster, yeah that yeah that country's also moving faster, hey guys. Maybe we should move a bit quicker and anybody any and if she looks around in the whole room, is empty anyway. Here'S, the actual article from Reuters and apparently the this be the SEC Commissioner, is actually stepping down to go teach again at NYU. Why the heck not live your life dude next up, combine ances, of course, in the news. Every single day, major crypto exchange by Nance has launched peer to peer trading for the Vietnamese dong. Vietnamese based Finance users can now directly purchase and sell major crypto currencies using their Fiat through the latest versions. Combine s is peer to peer mobile, app on iOS and Android. The four supported crypto currencies. You should know them our Bitcoin ether, tether and Finance coin. The firm yeah I said, alright, the firm said in a press release shared with coin Telegraph on the 20th of January, even says it right here, Indian rupees, Turkish lira, Vietnamese dong Chinese.
They finance every single day, keeps coming out with news about new yeah currencies that they are supporting because they told us that they plan on supporting 180 currencies by the end of this year, so yeah. If you're in Vietnam, you can now use by Nance with money which I mean is kind of significant and it sounded like a joke. But if you live in another country, that's, not the states or not within the Europeans own section, you know that it's usually very difficult to be able to get your money into the cryptocurrency space and the fact that currencies that many other people might not think about Are now possible to be used in general to be able to buy, sell on any type of cryptocurrency is actually very significant. Yeah let's move on and to kind of finish things off with the ridiculous news. For the day, Canada's top financial watchdog has told crypto exchanges. They will be subject to securities laws if they act as custodians to users. Digital assets, the Canadian securities administrator or the CSA said in guidance published on Thursday. The common exchange practice of custodian users assets merely providing users with a contractual right or claim to an underlying crypto asset, could subject them to securities legislation. Why? Who knows? They said whether a crypto asset has been immediately delivered to the platform's user is an important component in evaluating whether and to the extent of which the transaction and the platform are subject to securities legislation.
According to the joint statement, the CSA is a group of provincial securities regulators in Canada, which does not have a federal equivalent like the US SEC. Ecs a said. The transactions without immediate delivery constitute derivative sales, even if the custodial asset is generally recognized as a commodity. Such as Bitcoin, it could be classified as the sale of debt or of an investment contract, a transaction that comes under the country's securities laws. They were whoa whoa, that's, desperate. They had to make sure that you understand how desperate these people are for control. They had to make a situation that, if you are being sent something and the the end, the delivery of it is not immediate that it could constitute. Even if something is considered a commodity, it could be considered as the sale of debt under securities laws. What, even, even if countries declare that bitcoin was a security? We know that it's, not the amount of what's. The word it's not slithering, it's, like when you jump over things, mental hoops that you have to go through to be able to be like what, if they didn't take 14 seconds, to be able to send something, then wait that's that's under our jurisdiction right. What exchanges that facilitate immediate delivery will be exempt according to the CSA, it is unclear what time frame the group has in mind for a transaction hmm to qualify under the exemption. As we said by Pamela Draper president and CEO of Canadian crypto exchange bit vote.
The new regulatory requirements may have a significant impact on the exchange landscape exchanges that cat can't or don't comply could be pushed out of Canada. What in the actual world, leaving the field open to a handful of exchanges that are both willing and able to fit with a more comprehensive regulatory Flint framework, maybe something's in the air? Maybe maybe just the news that we're getting today is. I have no idea. I love one day to sit in a room with regulators and simply ask them why they do what they do. I don't I don't think I'll get a proper answer ever, but we know that there's always. I want to say a method to the madness, but I think it's a method to the insanity, why're countries so desperate to push money out of their borders. Why, if you see that this is or could potentially be more than a trend, an actual new way to set up finance within your country? Would you be desperate to make things more difficult for people? What was the other country we had yesterday? Who was talking about a 1.2 3 million dollar thing that you had to give them in order to be able to work within their country III, don't get what it is. It could simply be like we were discussing before when we saw a lot of remember that other. What was it ledger X, look approved for physical Bitcoin futures and then later on that day after they had launched her platform, they were told.
No, you weren't, like III, still feel like it's, something where the major players within that country are given the red carpet. If you will to be able to launch their stuff before, if we get any news over the course of the next six months, that the something something stock exchange within Canada that these something something this place or the equivalent of fidelity within Canada – is launching their own. Cryptocurrency exchange this will then make sense, because the bigger richest people usually get the the preferential treatment to launch their stuff before the little people anyway. That is the like. What is wrong with the world today, like I, I don't, understand, maybe it's, because I would do things differently, maybe because I don't know it has to be when you are in a position of. I don't want to say power when you're used to the status quo. For so long, you don't assume that something new will be able to push you out. So I I'm certain that the SEC, the CFTC all these people know in all the other countries. They have to be doing this as a way to either discourage people from getting into the space or simply because they think that it's not going to last and they wanted to disappear I'm, not really sure, but we keep getting ridiculous news like this. I mean to be listen. The news that we just had was. Apparently. Australia is okay with Libra. As long as it's overseen I mean you can find it, you can find it during the course of 2019.
There was so many articles. Libra will never launch within Australia. There'S no need for Libra, we are not going to allow Libra, and now everyone seems to be. Is the word hunky dory. I feel like that's, not the word at all, but the word hunky dory just disappeared in my head anyway, yeah as always a ginormous. Thank you to my patreon supporters. Tigre macho Nisa bake me a cake. I want a cake really bad. This is a cake place not too far. For me, they make the. I mean great cakes, arf, medic, 17 Anytime, Fitness monks, corner staff, Bodhi mcboatface, yes, crypto, Miller, hich, test every day in caskets leg, day, minting coins, Jeremy Fox, Jim Gardner, anthony charles nick mangy, olive Odie, packs s, script, dome, beer, shipmate, vlad the impaler Richie Rich. The third Nick Kanaya setsuna Dameon Nicholas, run earth one piece: one love a crypto artist; Cody 3d male Luisi adobo, bankroll Network crypto Joe for two, the world. Why is that? Our old Jaron chin, wah wah wah wah wise Nite, Owl Jared Schneider, Brady Neil's master ventures? In Thailand mo hammer, Oni, Adam gracyk, Todd mullahs, bare bones: mining, a biblio fabia, the animal Rita John SARS and mr. pickle's Nostromo jungle alone songololo and professor Wally from gun bought in university. Thank you very, very much for your support and thank you to everyone who is a channel member. I thank all of you. Every single one of you at the moment.
Bitcoin is down but it's, not down down it's down by 0.06 percent. The rest of the top 9.5 are in the green. Lumens is in the top 10, but it is currently read by 0.19. It looked like a bit earlier that yeah. This was around when I started the video that Bitcoin was looking like it was going down, we've been trending, almost completely sideways, except for this little falsified dip that we have right here. People are really you see these right. You see these movements. People are actively playing the market. People are making out like bandits who are trading right now for those of you who are wondering – and I right those of you who are wondering why bsv is currently up by 10 point – almost 5 – you guessed it last night. Mr. right announced that he is still 99.99 sure that he is going to get the key from the courier soon, which is funny because he announced about five days ago that he already had it. And I looked at the price and the price of bsv shot up on the words of a man with no proof so that's the news for today. Anything else that I I feel like. That was something else I had to say, but I can't remember exactly what it was. I don't remember um yeah I can remember all right I'm off to the second Channel. Maybe I should have breakfast first. I think that yeah yeah breakfast and then second channel.
I hope you all enjoyed, I mean the news is just really just kind of out there. Now I wonder about the state of the world. I hope you all are having a great day a great morning a great afternoon a great evening wherever you are wherever you might be. I do hope that it's absolutely fantastic. Thank you all.