Hey guys, how's it going it's Brendan here from hyped on crypto?
I hope all of you guys are having a good morning evening wherever you guys are from and today
I'm going to be going through and explaining everything
That's happening with the curie cryptocurrency
situation within to buy in India now if you guys don't know as of recently they have really been going back and forth on whether
They want cryptocurrency in their country or not
But we're also going to be talking about what they're going to be integrating
Revolving blockchain technology come the year 2020 moving into our second topic
We're going to be talking about telegram, and how they cancel their one point seven billion dollar
ICO, and why this is so significant within the cryptocurrency community
so you guys are just to go ahead and stick around for the entire video and
Do not forget the hippie like and subscribe button as it will help out the channel a lot
But that being said let's go into a pond into the video
If you guys don't know India has been against cryptocurrencies for almost the entire duration of 2018 originally
They said that they did not want anything to do with cryptocurrencies
Following that they said that they only wanted to deal with the Bitcoin
Following that they said that they only wanted to get rid of ICO
So we're left confused on where they stand on crypto currencies because they keep changing this
But it sounds like they're on the fence about the issue and about ready to welcome cryptocurrency and blockchain
Technology into their country now this makes sense as to why they don't want it in their country as of yet
Because they are a technological giant and so integrating blockchain technology and cryptocurrencies would mean that it would bring
Decentralization and thus removing some of the power that they would have from the government over the economy now, this is something
That's understandably I guess that they're understandably scared of however. This is something that could be extremely good
Especially for a technologically advanced country like India and like the city of Dubai is right now
So you can't help but be bullish and you can't help
But think this is great for both cryptocurrencies and for India
Seeing you know the blockchain dart coming into the the poster that says welcome to to buy. That's something
That's so great to see and we're seeing more and more countries and more and more cities every single day every single week
Open their doors to cryptocurrency and open their doors to blockchain technology so as we see the title of this guy's Dubai launches their
Blockchain business registry to ease into a market entry now
This is awesome as we see that they want to start easing into blockchain technology
And then probably ease even more into cryptocurrencies and then into AI cos so you know come the year
2020 because that's when they are going to be launching this thing
They're going to be officially opening their doors to the cryptocurrency world and welcoming it and so that's awesome to hear. It's awesome
they're getting to see another huge country like India is in another gigantic city like the city of the by being open to
Blockchain technology how much it's going to revolutionize
Their world for the better so we know that the BI is actually going to be partnering with IBM for this
Entire program because they want to make sure that the BI stays on the government side and how they are going to be
Regulating and calling the shots behind blockchain and crypto currencies as much as they can and we have IBM on the technical side
Really handling all the technical matters and running it while
Dubai and the government is calling the shots because they want to make sure that they keep as much regulation as much power and as
Much control over their economy as they can for at least as long as they can but they know that blockchain and cryptocurrencies
Will only do good for them
and that's why they are entering into this I
Guess in such a slow manner because they want to make sure that they do it right and there is
Nothing wrong with that so lots of great stuff coming out again guys
You cannot help but be bullish seeing that more countries and more cities are welcoming in
Blockchain cryptocurrency technology especially within the Middle East as we're almost having this kind of radical transitions
We're seeing you know all these countries over in the Middle East starting to adopt and open their doors to cryptocurrency
So jumping into our second topic here. We have the telegram ICO getting cancelled now. This is significant because they were a
1.7. Billion dollar IC Owen to put this in perspective for you guys there's only been 12 billion dollars raised in IC OS
Since crypto I cos were even started now
If you guys don't know what telegram is telegram is a popular messaging
application much like discord skyping GroupMe
And it grew in popularity within the cryptocurrency
Community because crypto leaders and crypto traders were able to go into these groups and post notifications
And trade setups and this began to become a hub where cryptocurrency traders could find info
And news and other such media like that and telegram started rising in popularity especially within the blockchain and cryptocurrency
Community because it was so easy to create
You know this army or this fan base by using their application so what we see is that telegram decides to launch their own
ICO because they were rising with such Fame so fast and so when they decided to start their ICO
They raved over 1.7. Billion dollars, which is again incredible however
They've recently canceled their ICO for undisclosed reasons, and this is huge because again guys
This is the biggest ICO that has ever been funded and so for something this big. They get cancelled. It's not a good thing
It's not a comfortable thing
And it doesn't tell the outside world that you know we are this
This dominant get ready force and that is exactly why the US government right now is judging cryptocurrencies and ICO is as two
Completely different things and they are saying
Here's our regulating body for IC OS and here's our regulating body for crypto currencies because as of right now
They are extremely different, and they need to be treated as two completely separate entities
So I don't think that there's anything wrong with this however you guys know my thoughts on AI cos
I think I see us definitely have a lot of regulation to come because we cannot have IC use their 1.7 billion dollars
Just backing out last second as it's not only unprofessional, but a little bit scary when it comes to all that money
And how that's gonna get back to the original owners, so we're gonna see what's happening a telegram, ICO
It's not an official scam yet as they have released. It's too early to call this a scam
You know because it literally have just cancelled this so it's gonna come back over time
We're gonna have to play the time game and see as to whether they actually give back all the money that was funded towards them
Hopefully they do that would be the moral thing that would be the correct thing and that would definitely help
cryptocurrencies and especially I SEOs name throughout the world right now as we are seeing a hole over Twitter and Facebook and
Google and how they are just
bashing on I coz cryptocurrencies and linking the two together because there has been so many ICO scams as of lately so
Hopefully we're able to see telegram come back out refund the money or even
Relaunch their ICO, maybe just at a later date
I saw that as another possibility so they could not be officially done yet
They could just be postponing this, but we're gonna find out as more information comes out on this telegram
I see oh so I hope this video did help you guys if you guys did enjoy this do not forget to hit the like
And subscribe button as it does how about the channel a lot and I will see you guys in the next video
But until then stay height
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