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Wednesday, February 28, 2024

Will the US Disaster Be World? – Fintech Weekly Weekend – Situation #1


Will the US Disaster Be World? – Fintech Weekly Weekend. The chance is actual, however let’s see how all that is already affecting you – and the potential outcomes.

The chance is actual, however let’s see how all that is already affecting you – and the potential outcomes. 

Let’s recap… 

  • Silvergate introduced voluntarily liquidation on March 8, 2023
  • Silicon Valley Financial institution was shut down on March 10, 2023
  • Signature Financial institution was shut down on March 12, 2023

Fintech Weekly Perspective

Because the weekend approaches, it’s time to attract conclusions – no less than to start out the following week. 

The present disaster that hits the US-based banks is principally the results of the measures taken by US regulators to battle inflation. A few of them, just like the closure of the crypto-friendly Signature, appear extraordinarily arbitrary. 

Regardless of this, some cryptos are working like save havens – USDT is a superb instance of this. 

Traders leaning in the direction of some cryptos as an alternative of others is not any coincidence: plainly the cryptos which are perceived as extra “institutional” make buyers really feel safer. 

This would possibly lead, sooner or later, to a rising significance of CBDCs: as we seen, plainly all of the actions in opposition to the crypto area have been addressed to all these belongings which are utterly out of the management of regulators. 

A stronger regulatory exercise normally follows all crises, and the present disaster appears similar to 2008 – regardless of many consultants completely rejecting this concept, we establish no less than three principal similarities between the 2023 disaster and 2008 disaster. 

To find them, click on the hyperlink: Will the US Banks Collapse Have an effect on the World?

Many contemplate a potential international impact as a type of panic spreading, and truly some markets – like China, and the fintech industries of Africa and India – appear solely marginally affected by the collapse to this point, and so they’re nonetheless in a position to collect investments. 

However, the cash of depositors and buyers world wide is continually erased: fintech, in addition to the tech trade as an entire, are international markets, and as soon as the establishments linked to those sectors collapse, a domino impact is extraordinarily possible. 

Fintech Weekly Weekend picks

Credit score Suisse Shares hit lowest lows – by way of Forbes
(Possibly) we have been proper about CBDCs – see the article printed by Bitcoin.com

(Possibly) we have been proper additionally in regards to the perspective of regulators in the direction of sure cryptos – see the article printed by CoinDesk

China clarifies that the impression of SVB on its market is extraordinarily restricted – and makes use of harsh phrases in opposition to the US – see World Occasions

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