How Your Money Will Be 'Controlled' | Okcoin CEO Hong Fang

Hong Fang, CEO of Okcoin and President of OKX, discusses regulations on cryptocurrencies, CBDCs, and the future of Bitcoin adoption.

*This video was recorded on May 25, 2023

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*This video is not financial advice. The channel is not responsible for the performance of sponsors and affiliates.

0:00 - Intro
0:30 - Crypto traders and "tax cheats"
2:26 - Banning CBDC
8:40 - Bitcoin adoption
18:35 - Crypto regulations
22:25 - Proof of reserves
26:40 - Earn products
30:26 - Banks adopting crypto

#bitcoin #crypto #investing

[TheDavidLinReport]

Ban CBDCs or allow it? Write your thoughts down below, and subscribe!

FOLLOW HONG FANG:

[shkottrendezvous]

I’m a big fan already. Have joined Hong’s tweets. Really clear and knowledgeable. So good to listen. Thanks for having her in #TDLR.

[BlueWaterSTAX]

Hong is great. Thanks for having jer on the David Lin Report.

[jamesderoc]

the individual thinks technology can free him,
the state thinks it can finally gain absolute control

[carbonfibercrypto]

This is very brave of her to take a clear stand.

[anthonylopez]

David, I really enjoyed your guest. Enlightening conversation.

[bull]

I don’t even care about all this. Anyone woo thinks life is already free is living under some kind of illusion. The tagging and the tracking began the day your name was registered at birth.

[jackwalsh]

As Senator Cynthia Lummis of Wyoming stated at the first Miami "Bitcoin Conference"
"Bitcoin will underpin the U.S. Dollar." That day is getting closer everyday. Cheers.

[tshandy]

When I opened my Okcoin account, I had to enter proof of my identity, including my Social Security number. Anyone who thinks Bitcoin isn't or won't be controlled by government, needs to think about this more carefully.

[hume]

The question regarding how is yield generated wasn't answered at all. Saying yield is generated through different protocols doesn't address whether the developers are paying the yield (and if so where are they getting the money to pay the yield?) or whether some financial institution is paying the yield on the behalf of the developers.

Okcoin is Binance with the same operating structure.

[neilforeman]

Programmable CBDC's are the Central Banks wet dream and the ultimate control end game. Privately owned Central Banks are THE enemy of we the people. Ban Ban Ban.

[clownworld]

2A has absolutely nothing to do with hunting.

[aitammmm]

love listening to Hong's interviews always

[gamesmusic]

Excellent questions ask David, and a great interview 👍

[eugene]

I hope you have Hong Fang back,
she's more optimistic than me but most people are.
She's great though I love how she started kinda threw David but I loved it.
Who's papa Sam to give financial advice, any advice really.
But all these regulations and laws are being implemented for one thing but will be used for others, Ali called it rope a dope.
Anyone who can purchase without papa watching is guilty criminals until proven innocent, that by total observation and controls.
Doomburg says today's crypto regulations tomorrow could be gold.
I agree and the hate crime and misinformation crimes all these like out East vague laws easily versatile for any occasion.
It's a Green New World I'm afraid.

[o..o]

If Florida bans CBDC what can they do against the Federal government?! What can an individual do against CBDC?

[doctor]

if the okx have she as a ceo, company seems to be in good hands😊

[chuckstrickland]

All of the money printing is what has made the price of food and energy skyrocket.

[kenlen]

Imagine if the internet didn't get invented...What would we be talking about?

[sahirsachdev]

David, bring back Lyn Alden, Prof Hankee and the man the myth the legend G Soloway. Also, would be amazing if you could bring someone from India on your show. A fund manager shedding light on India and even other emerging markets.