We used to live in the world where decentralized was the case for the crypto. And then slowly the greedy people walked into the blockchain world. And we now have the standards and the regulations from the govt. And we can't escape this anymore and we can't develop our own standards.
Why? Because now the control is in hands of the govt around the world. And they are the one who is going to be controlling the narrative from now on. Some of those narratives would be changing things for us for the better. So we have to let go of a lot of standards and the choices.
It all started with US taking the stands against the crypto and the DEFI. And then it slowly started with attack on the XRP. Slowly this took up by the storm and slowly the companies opened in the US moved out and things have closed as well.
Now this has switched among the Japan and other asian nations too. Like they want to control the stablecoins and the coins which are kind of shady. So they are going to eb chasing some of the companies and the startups who are wasting into such sources and not letting the govt tokens to rise up.
In short the national standards are going to be there for the blockchain. And what type of the purpose they are going to be serving in near future? They are going to be used into the regulation among the nations. Like say SWIFT and the other national exchanges where the banks can keep the transparency between the exchanges.
Now does that mean this would replace the earlier established systems? It is more or less going to be complimenting them. And that would them speed things up. And also they would have their own private yet govt backed chains which would be a good direction if the govt needs to look over some of the chain operations.
I learned from my experience that having a national standard for regulation can solve a lot of issues. And some of those issues would make things easier for the people who are in the process of setting up the regulations for the cross country money transfer. Something a lot of nations are interested in as they want to be replacing the USD in near future.
So the regulations would demand the new standards and new data towards the blockchain. And we would see new things in change.