Maureen Jensen, former head of the Ontario Securities Commission, warns of the risks of investing in cryptocurrency exchanges, and talks about the future of mining with David Lin, Producer and Anchor at Kitco News.
Follow David Lin on Twitter: @davidlin_TV (https://twitter.com/davidlin_TV)
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0:00 – Crypto exchange problems
6:32 – Celsius and Binance
8:44 – Crypto regulation
11:29 – Crypto red flags
12:46 – Bipolar world, inflation, supply chains
15:37 – Mining costs and inflation
17:16 – Mining as a career
19:41 – Metals of the future
#crypto #gold #bitcoin
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42 Comments
If u manage to get crypto in ur wallet…does the blk ch not recognize ur wallet full of crypto??? Peer To Peer…???viva LA freedom of blk ch…
Caveat emptor is Latin for "Let the buyer beware". Regulations are a hindrance to innovation and regulations will be the end of Web3. It is the responsibility of the buyer to protect their investments by doing their homework and asking questions and not outsource the responsibility to the government. This is called self-reliance.
The coins don't exist!! Bitcoin is neither Gold nor a Coin!!! I coin i can put into my pocket, a crypto coin I can't
weird how all the experts said that bitcoin was a fraud and then all of sudden we like bitcoin, thats when i knew that they will get rich and i will lose all my money
Great interview
It’s funny.
When people sell cryptos they don’t have, they are called frauds.
When people sell silver and gold they don’t have, they are called traders.
The only reason why the governments are against cryptos is that they don’t control it.
PS: I hear “It’s Putin and China’s fault.”
It’s never about these corrupt governments like Canada printing debt and robbing the poor.
David's new suit
Its a digital code duh,
9/10 possession is the Law. Just like with THE BANKS!
Very smart interview. I definitely will need to listen to it a 2nd time.
She talks like she is from gov
Regulators regulators
Just how much gold is sold on paper that doesn’t exist
Which is worth more? The pet rock or bitcoin.
Good advice: If you can't grow, then you mine.
As for Genghis Khan: If you can't grow or mine, then you plunder.
🤣🙃🤣
Just think about this some clown said yellow rock is valuable and crypto can do it too just let the people decide the government’s have all the yellow rocks controlling who will be wealthy
I like your new hair David, it looks good on you ,hat off to your stylist.
ESG=DEATH .
Binance is regulated in many jurisdictions.
Even in the traditional finance there are blocks as well.
The commodities market was shut down for weeks after spikes a couple of months ago.
Mining is an excellent career if you don't give a shit about the environmental destruction it creates.
US/Canada/western sanctions have led to the reduction of Russian supplies of oil and gas.
This were self imposed western sanctions, Russia didn’t reduce Oil and gas supplies
Whats worse than that, is the regulated banks can , will, and have blocked withdrawals in times of panic. So what's the difference? Nothing!!! If you don't hold it, you don't own it!!!
WTF is Anna?
Maureen is actually not telling the whole truth.
When you buy equitities in exchanges that are so called regulated. You DO NOT always own the equitiy. The exchange can work as a nominee and custodian that owns the equities on your behalf.
Also, these exchanges are operated behind extreme closed doors and close to impossible for regulators to investigate the truth.
Want proof? look at Robinhood! 😉
Biden wants to lift Trump tariffs on China and we will be in trouble when China owns and builds everything. Thanks again Biden for F ing over Americans.
The issue with these traditional finance people, my theory, is that they are trying to put the horse inside the car… Dont get it? look st how the car disrupted the horse industry 😉
People back then used same mentality to debunk cars.
How can a horse fit with the car? its not possible.. its dumb.. cars are dumb.
Maybe, just maybe, we have to adapt our OLD protocols and trading processes in order to maximize this new disruption? 🙂
Sharp women.
Easy..those exchanges just need to open a trust account with the bank where all the deposits are put in. The exchanges cant touch the money.
AABB
SwissBorg is regulated
Btc NEEDS Rules? Isn’t, rules without rules, one of Bitcoin’s Bullshit Slogans.
How do you regulate nothingness?
Interesting talk, thanks!
Regulated crypto is not crypto. Which part of crypto they dont understand?
I always knew crypto was a scam,
My life has totally changed since I started an investment of $6,000 and now earning over $19,000.
Mining Hall of Fame? Haha. Yeah…..
Binance is rubbish
Crypto is Fraud Ponzi , the Tulips 🌷 from today 🤣
Bitcoin nor Etherium is not backed by anything either. Just belief
Thanks for the laugh out out loud moment… "the goal of the regulators is investor protection"!!!
How about the goal of the regulators is control, traceability and taxability, nothing more, nothing less?
I'm confused because I thought if you put it in a cold storage wallet it was in there
Digital assets are far from a commodity, that’s ridiculous.
I can see why she’s so revered. She knows her stuff. Great interview, thanks.