FTX.US President: We Uphold Sanctions

The video discusses the recent performance of Bitcoin and other cryptocurrencies, highlighting the decline in Bitcoin and Ethereum, while Tether remains stable. It features Brett Harrison from FTX, who talks about the company's expansion into Europe and the Middle East, emphasizing the importance of regulatory compliance. The video also covers the role of crypto exchanges in adhering to sanctions, particularly against Russian entities, and the use of cryptocurrencies in wartime economies like Ukraine. The discussion concludes with insights into the volatility of cryptocurrencies and the potential use of stablecoins as a safer alternative.

Which cryptocurrency remained stable and even gained slightly over the last week?

• Tether

• Ethereum

• Ripple

• Bitcoin

What is the main reason for FTX's expansion into Europe and the Middle East?

• To comply with local regulations

• To increase their user base

• To compete with Coinbase

• To avoid regulations

How does FTX ensure compliance with sanctions?

• By ignoring sanction lists

• By blocking all Russian users

• By allowing all transactions

• By checking against various sanction lists

What is a significant use of cryptocurrencies in wartime economies?

• To provide a safer asset for cross-border transactions

• To stabilize local currencies

• To replace traditional banking systems

• To increase inflation

What is a stablecoin like USDC backed by?

• Ethereum

• Gold

• The US Dollar

• Bitcoin

Why might people in countries with hyperinflating currencies turn to stablecoins?

• To avoid the volatility of their local currency

• To invest in real estate

• To increase their wealth rapidly

• To evade taxes

What is a potential benefit of using cryptocurrencies for cross-border payments?

• They are always free of charge

• They are always anonymous

• They are not subject to any regulations

• They offer instant settlement