This video correctly identifies that the shift of stablecoins from speculative assets to regulated monetary instruments is no longer optional for the financial establishment. It serves as a blunt reminder that auditors who fail to integrate digital assets are essentially forfeiting their relevance in a post-dollar global economy.
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If you're not at the table, dollar dominance is already done. #GlobalP2P #Moneybrain #BiPSAdded:
If you know at the table, dollar dominance is is already done. The pace changes is massive, you know, in in in crypto and digital assets. The UK statutory instrument is categorizing a stablecoin now as money.
So, where where would you as an auditor look at a stablecoin on a balance sheet from today? Crypto now exists in lot of people's investment portfolios. So, the trust companies across the islands are coming up against that regularly. So, we as auditors can't run and hide from that. To be fair, you're the first I'd say senior accountancy group that I've come across who have actually spoke about auditing.
We've had people doing the token attestation here and there, but not we're going to audit this particular balance sheet. People like you can be educators to lead us on the route because you can open our eyes and say, "Look, look at this. The The way you're assessing crypto, whatever type of crypto it is, is incorrect here because there's a fundamental thesis behind that which says actually this is a real genuine asset which is more secure than your so-called bank." They must know now the risks in the banks.
You know, countries can't afford the debt piles.
Yeah.
It can't keep going on forever. There's going to have to be a correction or an a- an amendment.
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