Is anyone surprised that Libra is pushing to be regulated by Switzerland? We really shouldn't be. Countries like America, Russia, China, and India are freaking out; thinking they can regulate/ban this new tech. Well, they can't.

Big Tech is about to swoop in and run circles around all the regulators. I still can't wait for Amazon to unveil what they've been doing for the past however many years.

Switzerland has always been known for its lax banking regulation (aka pro-privacy). Of course Libra would seek asylum there and create a base of operations.

That's how smaller countries like Switzerland thrive. They accept new tech with open arms and value education very highly. Other bigger countries like America, Russia, China, and India all have millions (if not a billion) slaves they can leech from. Other smaller countries have to be a little less overt to succeed in this meat-grinder economy.

Conclusion

Distributed Ledger Tech is raising the bar for all countries on the planet. The countries with the most power are afraid of it because they are already on top. They are afraid that DLT will decentralize their power over the masses, and they are correct.

However, even if all the world powers decided to ban (or try to ban) crypto, there are still going to be other countries out there who don't ban it. Imagine if the USA tried to ban the Internet. We'd be fucked as a country. The same concept can easily be applied to crypto; even moreso than the Internet.

The Internet of Money isn't going anywhere, friends.

Return from Libra... Switzerland... Duh. to edicted's Web3 Blog