On March 18, the mayor of Chicago, Rahm Emanuel, delivered a speech in Illinois. Emanuel shared his thoughts on fintech movements in the world and cryptocurrency. Forbes told about this first.
The former head of the US presidential administration, Barack Obama, has always been distinguished by his broad views and positive attitude towards everything new. During his speech, Rahm Emanuel argued several times that the transition to cryptocurrency is inevitable.
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Rahm Emanuel about cryptocurrencies
On March 18, Rahm Emanuel spoke about his attitude towards cryptocurrency assets. At the beginning of the speech, he admitted that he understands little in the technical aspects of crypto, so he will talk about what he knows best about politics.
As an example of the benefit of cryptocurrency, Rahm talked about Venezuela and Iraq. These countries are under "crypto protection" despite the global embargo. At the same time, it is obvious that if any other country faces sanctions from the United States or any other state alliance, the topic of cryptocurrency will become relevant.
By virtue of their decentralization, crypto can be used by warring countries, terrorists, drug dealers, illegal organizations, and so on. But at the same time, it is important to bear in mind that every day these people (regardless of their relationship with the law) are increasing. Rahm Emanuel acknowledged that the cryptocurrency era is inevitable.
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"States fall apart or retreat. New city states are emerging, so the political structures under which we all grew up are changing. One day, someone is going to figure out (...) how to use cryptocurrency to survive a financial crisis, and then you will find out that this is the moment of adoption" – Rahm Emanuel.
Rahm Emanuel, mayor of Chicago said that the adoption of cryptocurrency is inevitable. During his speech, he also spoke about possible political and economic changes related to crypto. For example, in the opinion of Rahm Emanuel, the system of crediting and social security will soon change. Recall that we have already written about how revolutionaries in North Korea use cryptocurrency and about the financial regime in Venezuela.
Editor: Pereyidenko Ihor