 Right well, there's a lot said news they could top stories in crypto and bring out of bite-sized pieces today Just the thumbnail suggests there is a 30% tax coming and it looks like crypto is going to be legalized in India What does that mean for the rest of the world? So we're gonna take a look at that story First of course, we'll take a look at the market cap see exactly what's going on I'll take a look at that story about crypto being legalized in India with 30% tax Which is downright ridiculous and the way they're talking about it It's not just capital gains tax. It is transactional tax, which is insane Also, take a look at a regulation victory from the American competes bill update And lastly, we'll take a look at we did a voyager The CEO Steve early can stop by yesterday and we did a quick little interview and we're gonna talk everything about the token burn loyalty program debit card and Stock trading and lastly will do a Q&A Hold your questions till the end so before I get started This is gonna be a little bit different because I've never done it this way We did a pre-recorded Session with Steve and I'm gonna put that into here after we do the news stories And so what I'm gonna do the live chat is available You can ask you ask any questions and go through it I'm gonna stop it along the way and just kind of put in some more things that I've learned behind the scenes when it is needed So we'll go through all those things but first again, let's take a look at what is going on into the market So today it is the first February 1st looking pretty good and We've got let me blow this up so you can see it better a Pretty good day 1.85 Billion dollars are actually one one trillion eight hundred fifty billion dollars, which is not too bad. I'll take those little Victories as they come about so Ethereum's up almost ten percent thirteen percent for the week. That's pretty great almost twenty hundred dollars Everything's up. I think there was an issue yesterday with Where'd it go? With Luna some type of hack that was on the ecosystem not Luna itself But one of its projects so that took a little bit tumble. There it is Tara But I mean look today. It's down 21% for the week but 12% for 24 hours So again another another opportunity there to buy the dip which I've been doing I Take a step back, but I've been doing it more and more as time has gone on because I think the markets are going to stabilize a little bit now Does that mean that any couldn't crashed around sure could crash to zero? I have no idea crypto is crazy But in the long run, that's what's really counts 10% for cosmos 5% really is looking pretty good again Mark kept great. Also, we take a look at the S&P 500 yesterday was it was a pretty monstrous day This is a five-day look of the S&P. I know people are like, why do you show this stuff? It's because we're correlated and We're becoming more and more correlated, especially more so with the NASDAQ. Look at that. NASDAQ had a pretty great day it's gone up so I think some of the investors and institutions and hedge funds have shaken off their fears of the things that are going on with Jerome Powell and Raising rates and all those things but again over the last, you know yesterday because markets haven't opened up It's 9 a.m. Here in Puerto Rico. It means 8 o'clock eastern time the markets on open for the hour hour and a half But over the last five days looking pretty good a month. Yeah a little bit worse But I mean look look at this Trajectory this thing on six months. I mean it looks pretty bleak there for a bit everybody was freaking out about this whole Jerome Powell thing and We had talked about this on DCA and and and James and Ben and said that the the markets don't like Ambiguity or things that are just kind of up there in the air because now Jerome said well We'll look at it in March, but I'm like even if he would have raised rates He had already talked about raising rates again like you know more times throughout the year So isn't that just more volatility anyhow? I mean it's gonna be volatile So this I believe is when millionaires are made when everything goes down to the pits and everybody's super scared not investment advice Just investment opinion. So let's break into today's top story cryptos legal in India the 30% tax and This is what we got when I saw this I'm like, this is great because I mean There's a couple of billion people in India. I think one point something billion somewhere around there So if you can hit a Pretty big massive amount of people to get crypto legalized. That's good problem is and beforehand they were talking about You know banning crypto general that how they could do it, but they did it for quite some time That's why was 0x couldn't do anything in the exchange, but they came out and said yes, we're gonna do that But guess what 30% tax. Here's what we got here at so this is what says income from the transfer I want to specify that very clearly Income from the transfer of Any virtual assets will be taxed at 30% the nation's finance minister Nirmala Satharaman said Tuesday She proposed also a 1% tax deduction at source on payments made Related to purchase of virtual assets. So before I go on I have to make a distinction here So when it talks about a transfer of any virtual assets here in America or most places if you Transfer your crypto. Let's say you have one Bitcoin on Finance or Voyager or Coinbase? What are else if you transfer one Bitcoin from that wallet to a hosted wallet on an exchange to your your cold storage? That's not a taxable event if you transfer it around so the only time that you get taxed or Have any kind of like losses is when you sell it You sell your crypto. Let's say you bought Bitcoin at 20,000. You sell it at 40,000 Now you have a capital gains of 20 of 20,000 dollars great That means it's a capital gains tax depending on short or long term whatever else right depending on it It's a year or less now if you bought Bitcoin at 20,000 and it goes down to 10,000 you sell it at 10,000 You have a loss of 10,000 dollars. Okay, so there's a big distinction between that also if you pay for goods or services with crypto Like you meet someone who's here to do construction. Hey, I'm gonna charge you half a Bitcoin Here's half the Bitcoin you get charge capital gains tax because you're paying for goods and services But when you transfer anything just moving it around there is no taxes whatsoever So for here when they're talking about this where it says Income from the transfer of any virtual assets with tax 30% that's that's dicey and that's where there needs to be a little clarity so also The finance minister their Mala said no deduction In respect of any expenditure allowance shall be allowed While computing such income except cost of acquisition furthermore Loss from transfer of digital assets cannot be set off against any other income meaning if you transferred Ethereum and for some reason it gets lost in the sauce And just doesn't go through or you you fat finger yourself and you send Ethereum to a Bitcoin wallet address. They're like, hey, that's on you and That you cannot set that off or you cannot claim losses against that So the whole thing of like, hey, I lost all my crypto in a boating accident will not apply. You will still Have to pay taxes I think the reason all comes out of this is why are things moving so fast because it's because there's so much money being made Binance owned was your ex that is the crypto exchange in India said last month that yearly trading volume on his platform Exceeded 43 billion 2021. That's a 1735 percent growth from 2020. So that's what we have as far as taxes It's like taking two steps forward. Hey, they didn't ban it. I don't know, you know, I can really do that But here it is But they are gonna talk about 30% tax. So the real question is if they're gonna tax it Then now it becomes legal. So now is it legal tender? How they're defining that is that is it a currency? Is it legal tender? Is it a commodity? Is it a security? No answers there So that's what we have for me. What you think about that in the comment section. Let's move on to our next piece Hey, little victory and this was a story that we had covered called America competes and I will link that the very end It's the same thing that actually Charles Hoskinson Lead over there at Ada and I OHK talks about American competes act And we had said that alright said that crypto can be cut off if this actually goes through and the reason it could is because it was a Bill that was put forth By J. A. Himes or Jim Himes who was a Connecticut congressman and in that language He had slipped it in and he said look if this goes through We're gonna give unilateral support to the Treasury especially the Treasury Secretary Janet Yellen Or she could essentially shut down all transactions of any exchanges that she wants to Based on this bill. So Jerry Brito. You can say say his name he is the executive director of Coin Center DC based crypto think tank and he's got his ear to the ground of anything that's going on over there He says I'm happy reports that Jim Himes has listened to our voices. So thanks everybody for reaching out to your congressman senator and Tell him we don't want this and it looks like the notice and comment protections and the competes act Later the special measures will be retained. This is an in-manager's amendment. They will be considered this week So what they had done is they had struck out the ability for it not to be unilateral and now It's going to be if you if you want to do those types of things it has to go through committees It has to go through hearings. You can't just be just one person that shuts everything down. So that to me is a victory I know you can read that I linked this in the description for the Twitter account You can see how people like well, it's not a big victory. Look, I'll take in that and get right now So I'm pretty happy about that. That's great. That means that the things that we do actually work Let me know what you think about that comments and let's move on to Voyager CEO interview. So this is gonna be a little different like I said, so we did first of all There was this great video yesterday where you see They're rolling out the debit card right now for Voyager, which is great if you're a Voyager user fantastic So you're pretty happy and I'm just gonna tell you right now. This interview is roughly 28 minutes So if that's all if Voyager doesn't concern you then thanks for stopping by appreciate it thumbs up subscribe all that great stuff Adios, and that's it for today, but if you want to stick around for the Voyager thing This is what's going on So first of all debit card just got it got rolled out to specific people and it's being rolled out even more Steve's gonna talk more about this. This is a video. I found yesterday about and what the debit card allows you to do Is that spend your crypto? I think what's great about this is that if you can have direct deposits from your work, which they're working on now You can direct deposit that in the dollars or USDC You can gain 9 10 11% depending on what the APY is based on your tier and then you can go around and spend it Just like what's being done right here where this lady here goes to Papa John's buys a pizza that's very symbolic as far as like this the symbolic buying Two pizzas with 10,000 Bitcoin. Well, she's just using her crypto To buy that with her debit card. I think that's and it works out no problems issues Goes through quickly easy enough and that's it. So I was like, well, that's pretty good So now what I want to do is I want to get into the actual interview Right now. So usually This a little bit differently, but I'm gonna stop the screen real quick And I'm gonna share this so you can actually hear the audio. So let me do this real quick brave tab Voyager and there we are. So we're gonna talk about everything about the burning mechanism the loyalty program the opening back up of the token swap and All the different things that but you're gonna see why I didn't go into detail But every little thing because this stuff's already been answered and I'm gonna show you where to get the information So let's jump right in I will stop it When I'm gonna just monitor the comments and just see if we've got some big questions as they come through So this is actually just so you know, let me show you Here is the questions that we went through and we started off with this The first question I have for Steve was how many times as voyager been hacked and I and how many total Crypto's around the platform was how many can take off and I wanted to start this way because we get Deeper questions and tougher questions for Steve to answer Next question is this how many developers have you added on the team because it doesn't matter How many people you you've done how many promises you make you have to add of the team And you have to actually make this thing work And the only way to make this thing work is to get more developers So tell me how many developers that you actually started off with then we get into the tougher questions This new voyager loyalty program what we have now and the LGO ethos BQX token swap plus burn and voting because If we keep adding and voyager tokens forever that is another inflation We need a deflationary measure and I had to press them on this pretty tough for him to get an answer Also, we talked about the September integration for stocks You're gonna actually be able to just like in Robin Hood You're actually be able to buy stocks in September on voyager And how does it all work and then also the integration with lottery comm and then we finished up with two questions Which was I wanted asking his thoughts on the SEC shutdown of Coinbase's yield program because that is directly Responsible for what Steve does over there a voyager and their yield program what that means and also the scrutiny towards Celsius Because that's one of their partners and then I asked him a deeper deep question, which was I said, hey Remember in 2020 when you said this is where you're hoping it's not it's not a niche market How do you see it now and then all this talk about tidal wave of institutions because you are You are right but directly in line with those guys What do you see as far as intuitions coming? Are they coming like everybody says or is that just a push just hope and hype and pipe dream Which was actually this answer. I thought it was so let's get to it and here is the first part me please Thanks And So just what we were talking about there's a bunch of questions that are out there and I actually put this out in a tweet This was on January 15th when we when I messaged you and said hey come back on the show and we'll talk about some things Here's the things that I got this is like from Tim and he says hey, don't let Steve get away with four to six week Time targets ask the hard questions. Why do they hold off on deliverables? They that were ready November like dark mode debit delay Where's the complete revamped voyage or loyalty program in 2022? When's it coming? Eric says can't wait for this. Don't throw any softballs hold some feet the flag get some answers I mean, it's been a year the four six eight week time frames are old news We as investors want more tangibles. There was other questions about Can we open up the token swap can we actually do What's going on with the actual burn and for this it's been this was a while ago And I when I post this and actually if you want answers those questions and all honesty just go watch DJ crypto by the dip sell the tip and he asked Steve in an hour long format those same questions And I will just go through it like just really quick you the debit card I know it's coming you guys just did a transaction and you guys been testing it now from like a group of people And now you're looking to roll it out to a larger group But it sounds like it's almost there and you're getting ready to really deploy later on right around. Yeah, go look Give her take 15 20 minutes ago. We put the All the testing was done with test cards and to a corporate account but our very first transaction was done by our product manager running the running the project and You know, she put the video out About 15 20 minutes ago the very first transaction done with the debit card So really exciting for us It'll start rolling out the next few few weeks to our employees and then a smaller group of VIPs and A test group and I'll keep rolling, you know as we keep we're not going to drop all 200,000 out at the same time That'd be silly Rolling it out in waves and seeing if there's You know every time We're trying to make sure we find all the bugs or gets, you know Way, you know way bigger. Yeah, that's all right I mean, I see I see the rug pulls and the different problems with DeFi right now I'm okay with waiting a little bit of time. I mean, but it is what it is So also the same questions were asked about when New York don't hold your breath When Europe that's coming on the pipeline. I'm guessing this year South America It's not in your roadmap Nasdaq is coming through stocks are coming through and we even talked about that and we're gonna We're gonna answer that specific question a little bit. Well, let's just Let's just jump into I think some of the big questions Outside of that. So I really want to drill down into what's going on. So first, let's talk Let's just give everybody like an overview real quick about the positivity of things that are going on Then we'll get into the kind of tougher questions. Okay. So first of all, yeah first of all How many times has Voyager been hacked? How many total cryptos on the platform? Versus how many we can actually take off. So let's just start there yeah, so guiding everything that we're gonna talk about is When we jump when I was on you probably six nine months ago We have set the priorities of everything to scale the system, right? Like you you held our feet to the fire you you personally did because I remember answering the question with you Personally held my feet to the fire on scaling the platform and that was priority number one for all of 2021 and you can't name another retail brokerage That added a million funded accounts just in the US maybe you'll throw coinbase of crypto.com But we're third behind them. So a million funded accounts. We scale the platform. That was priority number one And things, you know things changed because that was our goal and we had to do that before we could add any product So to answer your question, you know knock on wood No hacking You know, we believe the way we actually Have the custody of the coins. We're now up to like seven or eight custodians. So nothing's ever in one place And obviously because of all the various coins we have Which are 75 right now with some announcements to come this week Our goal is to to at least make that a hundred by the end of February Wow, so we're yeah, we're we're we said scaling 2021 product 2022 and that's what we're that's what we're shooting for and doing so You know so knock on wood we think the way we do the custody and move it and use all the different agents We do is a very secure manner on how we we manage customer accounts Gotcha, let's go that you get them all in different custody wallets. We don't want to get to see that But then so you had around 75 that we can get into then as far as like taking off. I want to say 40 35 to 40 35 to 40 and a priority for us to make more withdrawal Working first on anything that's ERC 20 to make sure we can get it off but just so everyone understands part of the rationale in You know the movement of coins is as much related to the AML that you have to do You have to have process. You have to see where the wallets are coins are being sent to you have to check that That's a Patriot Act role. So if we're not comfortable in having that and there's three or four parties out there That independently do that between chain analysis between elliptic between Cypher trace We integrate all those to make sure that we could analyze where coins are going to abide by the Patriot Act Because no one in this no one in Voyager really looks good in an orange jumpsuit. So we're making sure we Well, we abide by all the rules, but we're adding it's a priority for us to do that too. You know as well Yeah, yeah, it makes sense. And then so then so people are gonna say, okay Well, you can only do half. So what is Steve and the team doing? so that reason my next question because to get this to actually happen you need developers and Developers are in short supply and I've been talking to different projects They won't even give me access to their developers because they don't want them poached I'm like, are they that big of a deal? He was like, you have no idea how big a great developer is so that leaves my next question To get all these different cryptos How many developers have you added on the team and try to be specific as you possibly can because you've got on-chain developers You've got front stack full stack and then behind the scene whatever so let me know Yeah, overall we started last year with something like 30 employees probably six or seven Maybe eight developers. That's all of you know, that's across the gamut we now have 275 people And an out, you know, we outsource and we have third-party consultants as well So with the third-party consultants that we use with probably Over a hundred developers. Wow, which covers everything which covers the blockchain which covers the back end Because everyone the system isn't one piece. It's it's a trading system. It's an OMS system. It's a books and record system It's a pricing engine system. There's the blockchain part of it. There's so many different components and we're over a hundred over a hundred Developers now. Gotcha. Well, that's good. I don't know how you did that in that miracle because they're like gold apparently these days Alright, so that leads me to my next one. Let's get in some tougher ones Which is this is pretty much already answered over on dj Great channel over there. Check it out. But the question then we have then this new virtual loyalty program What we have now and where are we going and I want to ask you some very specific questions So if we take a look here at the loyalty program itself so here When I first got into it that was the circulating supply was around two and 22 million for vgx holders And now you have 33 million for lgo holders because you guys did an integration a As you guys merged together with lgo so you can actually get into europe as I understand it So now they got 222 plus 33 and there's a growth pool We're going to add in 40 million in year one for voyager tokens 20 million in year two 10 million years three to eight and That comes down to the lgo token Which is the another another one that you guys did here But the question I have is with all these different tokens that are coming in There's two things first of all is When is there going to be a burn? Because it'd be nice to have a little deflationary aspect And then and then the next question we'll get into is about that swap because I keep getting that question So we'll add so let's go with the first one first the burn. Is there any plans for the token? Yeah, the the burn will happen The development team as you know, as I just said, yeah, we went from from eight to over 100 That's one of the one of the departments. They're working on. So yes, that's still planned For us to do that, you know in 2022 here I would say that yeah, yeah, the supply has gone up We brought the the lgo Token holders on so there was you know 10 they were take more created for them But the marketing polls are going straight back to the users of the platform Isn't, you know, we don't give them out. We're not spending them and we're not liquidating them to drive cash and use that elsewhere We're giving them for the actions on the platform, which is building More utility which is building, you know more tiers and allowing people to get to higher tiers as well So we think it's value a value prop to do that actually And there's staking rewards the 7% staking rewards is similar to all the other coins that have have staking rewards that are generating new New tokens, but I understand we will have the burn. That is a key component That people are looking for Yeah, and then just to just to kind of come back to that about what those those value propositions are So if we're taking a look here the different tiers I know you've talked about adding in a couple of tiers here, which I think is a great idea But adventurer is 500 explorer 5 000 navier 20 000, which is pretty pretty tough to to get for the for a lot of people But the you got the rewards boost So this includes usdc bitcoin ethereum and others Vgx is not eligible for the boost will maintain a flat rate of 7 you get crypto back rewards Which you receive 2x or 3x the price improvement between what's actually offered out there because you guys are a brokerage Which will be paid out in vgx Trackable help you climb with the the tier ladder and then you get discounts Crypto back and debit card desktop applications when that actually comes out So it sounds good, but again a couple of things That burn not to press you on it, but I got to press you on it that burn You know what's gonna happen. He said this this year. I know you can't give a specific date But are we talking about? q2 q3 q1 To make this deflationary just a little bit. Yeah, let me let let me It will most likely around summertime Because it's being worked on You know That's being worked on, you know at the same time we're trying to build more More protocols to allow deposits withdrawals. So there's a bigger bank for the burn too. So probably around summertime Okay, we'll take it and then also Let's finish up this one of the bigger questions I get The vgx token swap which happened not too long ago. Uh, I want to say gosh six seven months ago. Is that right? But anyhow, right august august september. I think it was open Yeah, it was open for 30 days and then we extended it another two weeks. So something like that. So it was uh You know it was open for 30 to 45 days at that point So this has been answered many times but we'll do it one more time Boys your team are lauded for 45 days for customers to swap their tokens If you could open this up to the community Could you do it would you do it so they could swap the toes? apparently some people And I it's not the majority obviously but a lot of people like hey, I missed it So what do you got? Yeah, look, I think we gave We first announced the swap in december of 2020 right When we did the lgldl said it was happening, you know, it would happen Uh, the development by our partners because we we actually outsourced the development of swap The contract uh took a little longer the security audit took longer Uh, but we kept telling everybody, you know when you know keeping him abreast Uh, I think we did even even releases on that, you know, it did PR releases Uh, it's really not You know, I feel for the people that missed it. I truly do. I understand that Uh, but you know, I think this this token is community driven. So I think it's It's something that, uh You know the community should you know, you know, it's a small group that says they want to reopen it It's a large group that says they don't want it open. Um And so, you know, I think it's a it's a community token So I you know, I leave it there. Sure Yeah, I will say this like I I had to ask that question because it's gonna ask a lot I will just tell you my experience with zero exchange. Same exact thing happened to me. I bought zero Pretty high pretty high point actually at the one of the peaks right around here. That was a Four four figures easy. Maybe uh, somewhere around there and what they did is they did a token swap to relay And I did not pay attention to this even though I'm in this industry I just didn't it just kind of went over my head and then uh, what happened they did this for Again for for tiered amount And 100 zero can be swapped for one relay sounds familiar now 30 days to claim anything unclaimed is burnt So guess what all those tokens that I bought are burnt. It's a lesson for me I didn't keep my eye on it and all that is gone. I it's still having in some kind of wallet But it doesn't really do much for me and that's that is what it is If we make this crystal clear so When I talked about that What happened to me and relay and everything else? Guess what? Uh, that was on me. I didn't do it now. I see a lot of there's some comments in here like they're like, let's say Let's take this one. Andrew says they should have airdropped new tokens to holders. Well, guess what? if you had it on Binance and let me tell you behind the scenes when steve was talking about this whole thing He said binance want to do this for one week only because they don't want to deal with the hassle Of having to do with the token swap He said they had to beg them to get them to do it 30 45 days because they're like no one week That's that's all we want to give these people. That's it So like with this one like should it be airdropped? Well, if he had it in one of those places It should have been airdropped if you had any cold storage like I did with relay doesn't happen So i'm just going to leave it like this I messed up on relay and I lost a good It was near 10 grand because I didn't pay attention And who is that on that is on me? I know people will say well I missed it because it was only 45 days get you to remember It went all the way back to december january february march. They were sending out emails Not just on social media and not just online and Like I think relay zero did an even worse job than that And I'm not complaining. It's just it just is what it is So look if we had if we had to put a vote to it right now I can I can't guarantee But I have a pretty strong feeling That a lot of Holders would not say open this up And I'm sorry that it worked out like that. But that is that is what it is Uh, I have lost on relay on zero. I also screwed up with my cardano I put it on a test net wallet and 20 000 cardano are lost I am I it is what it is and I have screwed up before and it's just less than to me So, uh, that's just what I want to say. Let's jump back into this interview and go from there So I'd like to add I Rob I did add one more point to it is that there There's zero benefit to voyager in You know the in the swap side of it like If more tokens are out there great if less it didn't matter to us. It was just a matter of working with all our execution partners on this too because We're not an exchange. We're a broker, you know, if the exchanges that we send liquidity to required A shorter token swap then we had to live by some of that too because We have exchange partners and that's where we send flow to and so it's no, you know We could care less if You know, all the tokens got swapped or less got swapped. It didn't matter to us. There was Nothing the 40 million pool the 20 the 10 and the 10 were set no matter what like we had nothing to gain either way And I think people think we had something again, but we had nothing to gain zero No Well, so that's what we got. So let's move on. So next question I had Stocks because I remember we talked about not too long ago when last time you're on you were talking about stock integration I thought it was a pretty pretty big value proposition to actually get your crypto Or you could actually take it off the platform and also you could actually invest in the stocks Which is kind of like what robin hood does but in a very very limited amount They have very few cryptos and some I don't think you can take off I don't use robin hood that much at all So how is that working out because I know you guys are partnered up with market rebellion And when when is this going to happen? I think you said september But the next question I had was is this a limited amount of stocks or is it a full plethora of different stocks that people can actually get into Yeah, market rebellion is building as part of our joint venture They're building all the capabilities for us that we just have to hook our platform From a ui ux perspective into the apis Which is great You know those guys are doing all the work. They're making major progress Have a clearing firm. We're working through it and our the way we're going to do it is going to reinvent the way People trade equity is on the go forward basis because you'll be able to sweep back to To crypto and so forth. It's it's pretty cool what we're working on We're expecting it by You know by the fall And it will be all stocks non otc It was requested by our clearing firm and the only exception to that rule would be our own voyager stock If we're not to nasdaq at that point and we're still in the otc markets We'll be able to trade have customers trade the voyager stock Awesome. So would that would the voyager loyalty program come into that? Like could you actually buy stocks and then get like a price appreciation 2x 3x or the price described whatever and then actually get You know use things for Depending on the tier that you're at the loyalty program Yeah, we're gonna have different things within that loyalty program and you're right. You said earlier We're working on a lower tier a higher tier Uh expanding the rewards. We you know, we've been contacted by Numerous affiliate programs so that we can give, you know, even higher cash back Or crypto back related to purchasing on certain vendors where whether it's hotels or Amazons and so forth. We've had all these affiliate programs reach out to us and say why don't you Incorporate us into your debit program Which we will uh over time here It's uh first is get the debit card to market and then Build all those reward programs around the debit card too, which allows us to do Even more cash back to people Sounds good. And then real quick. This is a follow-up. There was a lottery.com There was an integration you guys were doing and then what's going on with that anything That's where you actually get, you know, lottery tickets and things like that through voyagers So stocks lottery crypto. Yeah Yeah, you know, we're waiting on them to build to our apis We just hired tim mun to run our payment world Especially us side of that and the payment sales in the us and we need them the right to the api We're still still waiting on on them doing that. I think there's a lot of Activity because lottery.com just isn't lottery tickets. They're also have sports betting And so there's there's there's a lot of activity in the sports betting world We saw new york open up. We sort of had to get open up. So I think people's focus is a lot more As well into You know, the sports betting world. So I think a lot of their energies have gotten there Uh, but we'll get them. We'll get that lottery ticket on at uh at some point here soon And maybe maybe, you know, you could expand into the sports betting as long as we're doing the work with lottery.com Yeah, you know, I used to live in Las Vegas for a couple years and gambling seems to be a big thing I don't know why but uh, it is what it is. So then uh, let's Let's get into some some regulation issues. Okay This is the this is the big story everything from America competes to national security But then what's your thoughts? What's your thoughts? on the secs Not shut down, but they uh, they really spooked them on their coin bases yield program And then also local government scrutiny towards one of your partners, which is Celsius What i'm talking about right here is that there was an article Uh months ago. I think this is in august september Where coin base did what they were supposed to do quote unquote is go in there talk to the sec We're gonna give them we're gonna give our customers yield for the crypto that they hold not so fast you that will sue you Then they said, okay, they're gonna stop it. So then coin base they were spooked So they offer crypto yield everywhere, but the united states on top of that You've also got different states such as migrates into texas and new jersey clamping down on crypto yield products from celsius network What are your thoughts and what's going on here? Look, I think with any new asset class any new business that You know regulators are learning about and I think it's incumbent upon us and and a lot of people are spending time and money with Lobbying and down in dc. There's a lot of reports about companies spending uh more money in the lobbying efforts Just trying to engage regulators, uh both at the sec and in dc Uh and in states about crypto and the values of crypto and the blockchain And i'm not surprised by any of this. Um, I think that Regulation's gonna come. I think people will understand it more Uh, I think thoughtful regulation I think there's a lot of things behind the scenes being done and being discussed about how to Understand how customer assets are being used for, you know, some of those yield programs I think that's a key driver is is when you look at Whoever you're you're working with and whoever you want to, you know, put your money with we always hope it's us Uh, but it's uh, but understand how the assets are being used Um, because some there's some places that have a lot more risk to it than other places and I think The regulators are trying to understand that risk and what's the risk? To consumer assets and I think that's an important aspect and I think they're they're actually doing the right thing and learning more and You know, again, I just refer to make sure when you're putting your assets and in Uh, at certain places, you know, what's going on with your assets behind the scenes Right and then follow-up question, uh, how close do you guys actually work with the regulators these days because I'm I'm assuming some kind of got spooked a little bit by what happened with coinbase. How do you guys do it? Uh, I've been in the regulated business and now unregulated in in this card, you know In this part with crypto but for 28 years now Uh always had active dialogue with regulators, uh for my time at e-trade to my time running my own At lightspeed financial. It's part of the business always having active dialogue Um, you know, and I think that's the way we look at it at voyager. We have active dialogue all the time It's important you build relationships that way brian brooks came on board happy to have him as one of our members of our board of directors Who's well connected into uh Into, you know, the dc and so forth and you know, it's all about building relationships It's and that's what we think is really important in this industry is is working with regulators Yeah, it's nice when you have the former head of the occ the office of the control of the currency You're working for you Kind of gives you a little bit of a of a one-up when you're talking to people in washington. I got you And then lastly lastly, I'll just ask you this here's a flashback Remember the first time we had was in 2020 and then we did is this little little snippet Interview and then an off camera you go Listen, man, I don't know if this is like a niche market or how things are going I'm hoping things were kind of going slow right now and that was like we'd just come off 2019 right 2020 Was kind of getting in there So how do you see things right now? And then do you I keep hearing the same phrase Title wave of institutions. I know you are more focused on the retail investor I can get that but you also have your ear to the ground with a lot of high net worth individuals So tell us where do you see things going? What's going on and are these title waves of institutions coming in? Look, I think there is institutional investment coming I think we're seeing it more and more in the private markets As funds like a 16c and all they're start investing in private companies in the crypto and blockchain space I still think we're early on the institutions all coming into crypto and making these investments I think it's growing but I clearly don't think it's it's Growing as fast as everyone thought it would for 2022 and I think it's it's just coming It's still early here that more and more people are And institutions are putting money in and I think when when you talk about institutions coming into the space I think you're seeing a couple things one is the investment into bitcoin and ethereum But then I think there's a lot of investment going into Direct investment into the protocols to help support What we know is going to be the infrastructure for the next 20 years whether Solano wins or cardano wins. It doesn't matter. That's the infrastructure for the next 20 years And companies are making that investment on those protocols So I think you're seeing it outside some of the on market on exchange. You're seeing it outside there Gotcha, and then bonus question So what have you seen with the volume over there on voyager? Because I know like right now we talk about dcaing and we talk about this is when millionaires are made when there is A lot of fear and the prices are going down down down So how is the volume over there are people taking the advice? Is there a lot of people buying or really not that much So we're seeing you know two really distinctive things one is we're seeing more and more cash coming on the platform and people are Doing a lot of the recurring buys. That's one there. We're seeing a lot of recurring buys People taking your advice and doing dca And we see a significant amount of that every single day depending on which day people People decide to invest so we're seeing that and buying more and more crypto What we're also seeing is we sort of 50 plus increase In the number of cash coming on the platform for stablecoin for usdc Over the last six weeks as well Because people are sitting there getting ready To participate when they see a breakout and I think we all expect to break out to the top side in the In the near future. I think we're just sitting in a little bit of a waiting game here But we will see that and so we're seeing more money come in sitting in usdc ready to be deployed At a later date Gotcha, so i'm just guessing just guessing that the volume probably Goes down a little bit as we start to really bottom out 50 percent then people go into dollars They put into usdc. They gain whatever the interest is nine ten eleven percent I forgot For and then they just kind of sit down and go okay now's the time and they start to buy later on Okay, we I've see I saw this happen in the traditional financial markets in my time at e-trade In the fact that when people don't know when where to go Sit in cash earn some yield on the on that cash and then when the the markets in 2002 and 2003 started to To rise again because remember we had a big crash obviously right after 9 11 And you know then people started deploying cash back into the markets. This is traditional cycles that happen And crypto is no different than the traditional markets and we'll see these cycles And we will see all that cash get redeployed back into Into buying crypto when we see a breakout one way. It's everything's trading in such a tight range right now Yeah, it's a pretty tough. All right. Well, steve. You've answered all the questions. You did it today I appreciate you coming by I really truly and then also last question Which is any words of wisdom for the average investor out there? Yeah, I said this to you earlier. I was at the Bitcoin conference in Miami a couple of weeks ago. I was on a panel With some some great other panelists and but the one thing that stuck in my head Was when Maya said from a 16z. I've known Maya about, you know, three years now And we always get the question. What do you see is the biggest risk and you know, uh, Someone from phantom was had one thing. I said regulatory, you know, the uncertain regulatory is always a risk But Maya had the smartest thing to say she goes the biggest risk to investors is not participating not getting involved And sitting on the sidelines and doing nothing is the biggest risk you can make and she used an example That three years ago. She had the opportunity to invest in Voyager At 30 cents on the public markets and six cents in the token and and she didn't take either opportunity And she goes my risk, you know, not participating was was worse than Than than trying to figure out what the real risk was so not participating in this market and getting involved Is the risk because we are changing Everything about the way the world works over the next 20 years Yeah, exactly right. All right. Excellent words of wisdom there. Steve. Thanks for coming by. We appreciate it Thanks so much. Thanks for having me again. All right. Let's jump back There we go So look that was uh, sometimes not the thing that you want to hear but it is the honest answers So that's what we have as far as the interview and um, I know there's going to be some questions So that's how I want to stick around and go over those right now So drop your questions right now into the comments. I started some already So let's take a look at uh, exactly what those questions were all right, so First one Tavi Tavi says And this is about the the Voyager token swap. He says look, uh, this guy Steve Relic refuses to convert old vgx coins and new ones just because i'm a long-term holder I didn't follow crypto news for three months shameful first. So I will just say this For that to not follow And I talked about this at length about my relay and zero token where I lost close to 10 000 because I didn't follow the news and This is one of those great things and one of those bad things if we want to say it like that with crypto and digital assets You know, they say not your keys Not your crypto Well, you are now your own bank and so for the things that are happening right here Like you have to be aware of your investments So I know james over vest answers. He only gets into 10 positions. I'm like really That's it But in all honesty if I would only have 10 positions. I probably would have been able to actually Monitor all these things and not get into so much now. There's pros and cons and everything else But again, I will just say that um, if we put it if we put a vote to the community They wouldn't reopen it. Binance only want to do it for a week. Steve had a fight for at least 45 days They were announcing this since december all the way into like six seven eight nine months So it is what it is All right next one When will the additional coins be announced? I think steve was just talking about in q1 They're they have around 75 tokens. They're looking to add another 25 So, uh, I don't know what those are exactly, but that looks pretty good and then uh, uh, fit fanatic fit fanatic So they just added, uh Crypto.com wax really wax e wt flux Ah pretty good nice And then uh, voltron said this about a thousand times this guy's here to wreck this I don't know who voltron is talking about or talking about me or steve But I'd like to hear those comments about exactly why And then this is a good comment here, uh, just this was the story that we just talked about as far as india And they are legalizing crypto, which is a good victory I mean it's better than them saying we're gonna ban it and was x which was the exchange over there could even operate Now they're saying yes, they're going to go forward But they're going to tax you with 30 and it's on transfers, which is kind of crazy And navin says this 31 tax we indians should pay as a tax union government But they don't care about the losses and no concern about it Also, they don't support if I lost my digital assets and exchanges exactly right and then uh, I also was talking about getting back to that that exchange issue where people missed the miss the swap and those went on for like around seven eight months I also missed out on cardano or eta. I put it into a test net wallet Didn't transfer over I lost 20,000 eta So I've lost 20,000 eta. I've lost Almost 10,000 dollars worth of with a zero token And who knows how much that I'll be in the future and I've only got myself to blame for that. All right And this was a good one. I didn't know geo says in sweden the tax is 30 after the profits. It's crazy I might have to ask to ct lars. I know that's crazy And then uh, michael asked about a thousand times ask steve about theta I don't know if that's one of the things that are coming on the pipe It'd be nice to delicacy ever state. I had to buy it on uh, uniswap. So it kind of sucks. But yeah and then Evertenor says the main use of voyagers the dca eth I love dcaing with with voyager it makes it's even with gem and I makes it pretty simple I was the I was dcaing sandbox when I was over there and uh, it's just great to set it Forget it and just keeps buying every day and uh over time I I think in all honesty if you have like a five-year plan things will usually work out And if you're looking to get rich tomorrow, you're it's not going to happen. So that's just crypto. That's just investment actually That's investment fact if you look at a five-year plan, you're gonna you're going to do a lot better than a day-to-day operation That's what we got. So that's what we have for for that any questions I'll scour the comments Section, but I think we know we went really long today. We're almost at an hour I like this one Abhishek says india getting ready for mass adoption. I like that man. I like that Uh, they said I don't accept why you lost your aida because I put my aida into a test wallet And I still have it on my computer and you were supposed to upgrade into the main net wallets And if you didn't do it within a certain time it was stuck in the test net In whatever that uh, that's that segment was called So I can't transfer over from the test net wallet to the new main net just gone. That's what it is Did you get into relay after losing your zero? No Because I like I said, even I'm in this space and I just missed it because I had so many different positions I've trimmed those positions because some just were just ridiculous like zero No, uh, but yeah, I bought zero on We didn't even talk about my channel I thought I was going to do pretty well because it was reducing fees and blah blah blah I didn't follow up with it because that's the big thing if you're following these these projects You have to understand that some some start off good just like every business that's out there But unless you do what like this is why I'm a fan of Voyager because I asked you specifically like what are you doing To get to be able to actually take these cryptos off the exchanges Because you can't just say you're going to do it not do it He's like well, we hired 100 different developers blockchain related. I'm like, oh, that would probably do it So you have something like that you have good marketing You you put the money into the in the team things usually send to work out I think in this situation project can start off Flashy and great just like every business that's out there, but it's the longevity. There's a reason why Well over 60% of small businesses fail within five years and that's just the us statistic I don't know what it is globally. It's because they don't they can't scale and they can't grow all right Is voyager sending our time for taxes they sent me mine so you should get yours Also, if you're looking for uh to do your taxes look on there's a link in the description I use crypto trader dot tax you get 20% off and they now have a direct api integration into voyager So they don't have to actually send the information. It's all right there Biggie what do you say? When you invest it's all risky. We all lose from time to time still have not hurt anyone not losing it anymore That's true. I'd love to hear the people who haven't lost yet. All right and Nasdaq, I don't know if that's a question Maybe the question was about stock trading for voyager. So voyager coming in september Roughly, they're going you're going to be able to buy a ton of crypto and a ton of different stocks On the voyager app. So think of it like Think of like robin hood, but just way better Uh, it's because in robin you can only buy a couple of different cryptos, but you can buy a ton of different Stocks but on voyager it's pretty much everything except you can't Steve did say you're not going to be able to buy the voyager stock on the voyager app. So And then this is interesting Dong shanks says crypto should be taxed 8%. I don't know if anybody would agree with you there Not for me. That's right This is a good point The market says why has gary genzler become a puppet for the government? I watched his mit course He looked like a nice guy that understood the potential crypto. Hey, even I was fooled, man I did a video about genzler and I thought he was gonna be great because he knew He knew crypto. He had taught Specifically blockchain technology and he referenced ripple the next rp in numerous times in his uh in his in his uh lectures at mit and I was like this guy knows it And now he's like everything says Security and I'm going to shut everything down. I don't know what happened. That's what it is Nick says bullish on voyager Well, didn't hit my 30 dollar price prediction Which I thought because that was uh a little bit too exuberant. I must admit but I did bring to the fourth The ability for you guys to understand that voyager at 29 cents when I first said, hey, I think it's going to 30 bucks It went to seven which wasn't good, but uh, which was pretty good, but didn't hit that 30 now It's I think like under two bucks. So Yeah, that's a lesson for a good old rob to not make crazy price predictions. All right But I mean if you bought 29 cents or even a buck still doing pretty good Uh, happy chinese new year. Yeah, sure I don't know about that Alchemist alchemist says that gary genzler is protecting his goldman sacks employees. I don't know I don't think he really cares about them who knows I mean When I went for what when I worked in health and health care Especially home health like when I go to different places I would always give preference to the people I used to know and work with so It is just the way you do the last question today rob. How are you doing doing great? Uh, I gotta do a lot of things. So I'm gonna take off. It's this is almost an hour And uh, there's a lot of stuff I will put in timestamps later actually right now But that's it for today. So look, thanks so much for stopping by. I appreciate it If you like today's video, give it a thumbs up. I'll consider subscribing While you talk about our time sensitive and that's it for today. So thanks so much. I appreciate it And I'll see you on the next one uh, the old