Hey guys, it's sasha, the world has started to shut down crypto. We have new laws and restrictions coming in from different countries. We have more and more massive lawsuits coming in every single week and i am going to shed some light on what the united states, canada, uk europe and everybody else is doing to try and shut down crypto, because we have just heard that at some point this Week, possibly as early as today, joe biden will sign an executive order that will direct the us government to implement a plan on regulating cryptocurrencies. Now i know it might not sound like much at all.

Some old guy is announcing, there's going to be an executive order that will then allow somebody else to design some kind of plan to maybe do something at some point in the future, but make no mistake. This is a really big deal, because the united states have already been working on the draft legislation for several months behind the scenes, and it was widely expected that this whole process would be drawn out, take forever and get watered down. So much that the legislation becomes relatively meaningless, but then putin went and invaded ukraine. The whole world went and looked at putin bombing cities and killing innocent people and said we don't like that very much.

So the world went and initiated the biggest financial blockade. We have ever seen on russia. The russian central bank is now banned from financial operations with other countries. Russian oligarchs linked to putin are having their assets frozen around the world.

A few of those oligarchs by the way very quickly decided that they want peace. Just a few minutes after their bank account in switzerland was frozen and their yacht was arrested in france. Just yesterday, russian oil and gas was banned in the us and the uk, so the financial net is really tightening every day. By the way, let me insert a shameless plug right here.

I am running a campaigner this month called march for ukraine. I am collecting money for the world central kitchen who provide hot meals to people stuck in the war zone in cities under attack. They are also at border crossings and provide food to the 2 million refugees and growing who have already fled the conflict into neighboring countries. There is a donate button next to this video below this video, not on the ipad, but on every other device.

Please use it to help provide food for people in their darkest hour of need. These people have lost everything, and the temperatures in ukraine at the moment are hitting -20 degrees. So every single dollar that you can spare is going to go a long way to help those people in this very difficult time. Thank you, okay, so because these sanctions are being officially passed as laws, anyone found to break the sanctions against russia will face legal action.

Probably big fines, maybe even prison sentences, so naturally the obvious question began coming up what happens if some company in the us uk europe somewhere else, decides to do some shady deals with russia behind the scenes oil prices through the roof, nickel trading and loan the market Has been halted because the price byte and there's massive shortages expected in some other products. So what? If some nefarious company goes and picks up the phone to nikolai somewhere in russia and orders, an oil tank or two or maybe a cargo ship full of whatever metal? It is that they're not allowed to buy the cargo ship quietly, goes and drops off the stuff and some random port and a random country using some fake papers and then a payment in some completely random cryptocurrencies, made from one completely random wallet to another. Completely random wallet leaves absolutely no trace and the authorities are none the wiser well. Suddenly, the legislation that everyone expected to take a while and be watered down might not take very long and might not end up being watered down at all.

So far, crypto has had a weird, neither here nor their place in terms of regulation in most countries. Sometimes it's treated like an asset, for example, when it comes to paying your taxes on capital gains, but then it is not regulated at all. Like other assets like stocks and shares, sometimes it's treated like a currency when it comes to payment processing, but then it is not regulated at all, like any other form of currency. Even tokens that you buy in a game on your mobile phone can sometimes be regulated under, for example, e-money regulations in the uk, but crypto generally gets a bit of a free pass.

So suddenly, now the focus has shifted, and in the last couple of months, governments around the world have started taking urgent action to regulate crypto in august last year. Gary gensler, who is the boss of the sec in the us, has said that crypto is rife with fraud, scams and abuse in certain applications, and here is the really important thing he is right. Crypto as it is today is, unfortunately, a giant steaming smelly. Pile of garbage filled to the brim with scammers and low lives, trying to prey on the vulnerable and steal people's money.

People go and make up pointless tokens that do nothing solve nothing achieve. Nothing, have zero purpose. Address. Zero needs provide zero solutions to anything and then they go and sell that worthless piece of to people by promising them that they are going to get rich, quick and naturally, a lot of impressionable people a lot of people in potentially financially disadvantaged situations.

Maybe people on low wages, maybe people who want a magic ticket out they want to get rich, quick and so they go and buy in and they fervently defend the token that they've bought saying it's definitely going to go to the moon in their little echo chamber And every week it is a different token that is the latest hottest flavor of dog that you absolutely must buy and a whole bunch of pathetic brain dead influences like the paul brothers or tyson, fury or even kim kardashian go and promote all of this filth to Their followers in exchange for payments of a few hundred thousand dollars a time and inevitably the people creating the token go and cash out, while all the idiots are buying it up and then the token naturally goes down the toilet immediately after when all the money has Already been collected, it happens every single time using the same exact script. I warned before that. Crypto is its own worst enemy, because as much as i absolutely love the concept, i am a big fan as a mathematician. I'm a big fan of somebody who works in finance.

I think the potential of what crypto can help us achieve in the future is insane not just in finance but in all kinds of applications, but at the same time it is an extremely sad state of affairs that, instead of all of these amazing potential users, we Just have idiots selling you the latest doctor token or gary v, flogging, shitty jpegs on his impressionable audience, and you know what it seems that this boat has now been pushed too far. So now we have the president of the united states signing an executive order that will pave the way for really stringent regulation that will force crypto to work a lot more like the rest of the finance sector. You know introduce a whole bunch of paperwork, a whole bunch of oversight, actual laws that stop people from operating scams, and i know that the crypto community is going to be up in arms because how dare the central government regulate their precious industry? They are beyond regulation. They are special, they are decentralized finance, except there is literally nothing decentralized about decentralized finance.

I am really sorry to completely burst this bubble. Every blockchain that hosts these decentralized finance degenerates is way more centralized than anything in the banking system. You have people like vitalik, buterin or cz that are literally in absolute control of 90 or whatever of blockchains on which these decentralized tokens live. They collect all the gas fees that all of these people are paying, and each of these decentralized tokens happens to have a team that have complete total absolute control over every single bit.

To do with the token they can freeze your wallets. They can steal your money if they choose to do so. They decide on the fees. They don't have to give you any notice.

There is no rules and, by the way, the fees on these tokens are ridiculously expensive, because you know it costs a lot of money to eat gold, plated stakes or buy super cars, and typically these morons, who are in charge of all these tokens, have exactly zero Understanding of how anything in the world of finance actually works or pretty much anything in the world works for that matter. The only thing you need to be good at is marketing the dirty disgusting kind of marketing so that you can go and shill your worthless project to as many people as possible break every law. There is to steal as much money as possible. In the last few days, canada has enacted the emergencies act and broadened its scope to include cryptocurrency.

So, in theory, this act was meant to be targeting the trucker protests, but while they were passing the bill, why not expand the definitions of anti-money laundering and counter terrorist financing rules and include crypto and all of this as well and in the last two weeks they Have gone to town they've been shutting down loads of websites of all of these tokens and crypto scams that promise you a bazillion percent interest per day for staking your worthless tokens and they have ordered all regulated financial companies to block a number of crypto wallets that Are linked to the trucker protests and large organizations like coinbase are having to go with the rules, but not only that coinbase also, apparently went and blocked. 25 000 accounts that they think belong to or are linked to russian companies or people. So it is very quickly. Unraveling that this magic, safe haven, completely untouchable world of crypto and decentralized finance, is not all that magic or safe, and your online wallet that amazingly bypasses the greedy fingers of bankers and regulators can just as easily in fact, probably even more easily just go and be Arrested, oh dear in the uk, mi5 and mi6 has summoned a number of exchanges in other countries to provide data on thousands of users on their platforms, including all the information about your transactions, personal information and everything else.

That is right. James bond is after anyone who has a bit stamp account and the last few days the uk has introduced a lot more new regulation on crypto tax as well, but regulation, and all of that is not the only weapon that crypto is being smashed with. We have now finally started the lawsuits, and this is just the beginning. All the disgusting lowlifes who have been promoting one scam after another, are now their beds because we have just had a flurry of lawsuits filed and the numbers are growing.

Every day in california, a lawsuit was filed against a number of token creators and influencers that promoted those tokens in exchange for payments that they never declared. This is illegal because if you are paid to promote something or stand to gain financially in some slightly more disguised way in countries like the uk, the us and many others, you should say so when you promote it at the moment, there is an ongoing case where The sec is suing ripple. This has been going on for over a year now the sec might actually lose that particular case, but i somehow feel that that won't be the end of that story. We have this class action, lawsuit against kim kardashian and floyd mayweather among us for promoting ethereum max where they completely mislead millions of their followers, with completely bogus claims, just before the particular token lost 99 of its value.

This 97 figure in the news article is already somewhat outdated. So do not be surprised when, in the next few months, all major countries begin passing strict regulations that significantly restrict tax and oversee the world of crypto and do not be surprised when a whole load of jail sentences begin being handed out to all the deserving wastes Of space who promote these scams and hey, i know that there will be some die, hard crypto fans who will get very upset and say that hey decentralized finance is beyond reproach because in the eyes of these people, nobody should or can get in their way. But the fact of the matter is, if you don't control the kids, if you don't oversee what the kids are doing, they happen to go and do some dumb, and this is exactly what is happening in the world of crypto today and if you actually are a Crypto fan, you should be welcoming proper regulation because when your industry is 99 scams - and maybe one percent at best legitimate projects, if you want anyone in the world to take you seriously or for your industry to have any kind of reasonable future, you should probably try To get rid of the scams, you should probably get rid of the people who are casting a dark net over what you're doing, and that is exactly what increased regulation is going to do. Unfortunately, until these scumbags begin going to prison one after another, the other scumbags have absolutely no deterrent to launching the next doctor's token scams and getting a lot of people to part with their hard-earned money.

Let me know in the comments what you think and how much you agree or disagree. If you found this video useful, please don't forget to smash the like button for the youtube algorithm. Thank you so much for watching. I really appreciate it and, as always i'll see you guys later, you.