Eurobench.com

[verwijderd] 13 december 2021 04:49

0

Added:
13 Dec 2021 04:17:13

Crypto Exchange Binance to Wind Up Singapore Operations By Feb 2022
Coingape
The world’s largest cryptocurrency exchange Binance is all set to withdraw its operations from Singapore. In the latest, Binance Asia Services Ltd., the Singapore entity of the crypto exchange said that it has withdrawn its application to get a license for running a crypto exchange. With this, Binance shall no longer be pursuing additional efforts The post Crypto Exchange Binance to Wind Up Singapore Operations By Feb 2022 appeared first on Coingape.
coingape.com/crypto-exchange-binance-...

[verwijderd] 13 december 2021 04:51

0

Added:
13 Dec 2021 04:30:43

Analyst Expects US to Embrace Crypto With Proper Regulation in 2022 – Sees ‘Refreshed’ Bitcoin Bull Market
Bitcoin News
BTC
Analyst Mike McGlone with Bloomberg Intelligence has shared his outlook for the cryptocurrency market going forward. “We expect the U.S. to embrace cryptocurrencies in 2022, with proper regulation and related bullish price implications,” he detailed. Noting that “Bitcoin appears to be on a trajectory for $100,000,” the analyst added that we are likely to see […]
news.bitcoin.com/analyst-us-embrace-c...

[verwijderd] 13 december 2021 04:55

0

13 Dec 2021 02:30:49

El Salvador’s Bitcoin City and why it could be a ‘pretty attractive opportunity’
AMBCrypto
BTC
Ever since Bitcoin was adopted as legal tender in El Salvador, the country has been coming up with innovative ways to integrate it into the economy. So much so that plans to build a “Bitcoin City” have also been announced recently. In fact, the same will be funded via a $1 billion “Bitcoin Bond” with […]
Ever since Bitcoin was adopted as legal tender in El Salvador, the country has been coming up with innovative ways to integrate it into the economy. So much so that plans to build a “Bitcoin City” have also been announced recently. In fact, the same will be funded via a $1 billion “Bitcoin Bond” with a 10-year maturity on the Liquid Network.
The soon-to-be-issued Bitcoin bond, built by Blockstream and processed by Bitfinex, will offer investors a 6.5% rate of annual interest payments along with dividends generated by the liquidation of Bitcoin holdings. Furthermore, the planned $1 billion will be equally divided between BTC allocation and building energy and mining infrastructure in the region.

On a recent podcast, Bitcoin strategist Greg Foss shared his bullishness about this move. In fact, he believes the bond will be attractive to an array of different investors. According to Foss, apart from being a lucrative investment, the Bitcoin bond will help El Salvador in “putting more funding options on the table for a country that’s so far been hostage to IMF.”

El Salvador’s creditworthiness has taken a hit this year, due in part to its decision to legally adopt Bitcoin. However, Foss argued that if the Bitcoin bond is ring-fenced, or not allowed to be liquidated before a stipulated time, “Bitcoin City could have a far higher credit quality than El Salvador as a whole.”
El Salvador versus IMF
Another component of the bond that could be attractive to investors is its focus on Bitcoin mining.

“There’s a component of it that’s sensitive to Bitcoin price but in theory, the difficulty adjustment should allow miners to make money regardless of what the Bitcoin price is.”

However, if Bitcoin does “do its thing” and rises to the upside, then the bond’s appeal will rise manifold, said Foss.

“Those bonds are going to trade on the open market at a much higher rate than six and a half percent. They’ll trade at a lower yield at a higher price because the six and a half will be extremely attractive so people will bid up the price of those bonds and the yield conversely will decline.”

Apart from being attractive to investors, Foss also stated that the bond will help in increasing El Salvador’s own funding flexibility outside the purview of a “restrictive” IMF.
“One of the things that’s very restrictive about lending to a risky counterparty is the lender makes sure that the borrower is somewhat constrained into what they can do with the money.”

Just days after El Salvador had first made news of the Bitcoin bond public, the IMF issued a direct warning to the Central American nation citing “significant risks to consumer protection, financial integrity, and financial stability” due to Bitcoin’s price volatility.

It also added that Bitcoin could increase the country’s fiscal contingent liabilities, which are losses that might be incurred in the future due to the occurrence of specific events.
ambcrypto.com/el-salvadors-bitcoin-ci...

[verwijderd] 13 december 2021 04:59

0

13 Dec 2021 01:30:42

Analyst: ‘Deflationary forces’ present an optimistic outlook for BTC, ETH in 2022
AMBCrypto
BTC
ETH
Consider the hypothesis: deflation could swap inflation next year. Well, if that’s the case, cryptocurrency can prevail over other asset classes. This is the hypothesis based on which Bloomberg Intelligence analyst Mike McGlone is bullish on the outlook for Bitcoin and Ethereum in 2022. He says “deflationary forces” will take the crypto assets to new […]
Consider the hypothesis: deflation could swap inflation next year. Well, if that’s the case, cryptocurrency can prevail over other asset classes. This is the hypothesis based on which Bloomberg Intelligence analyst Mike McGlone is bullish on the outlook for Bitcoin and Ethereum in 2022. He says “deflationary forces” will take the crypto assets to new heights.

Cryptos, Fed, and the 2022 End Game
McGlone in his December edition of Bloomberg’s Global Cryptocurrency Outlook published bullish cases for both Bitcoin and Ethereum. He expects the U.S to embrace cryptocurrencies in 2022 with proper regulation and related bullish price implications. Given the proliferation of revolutionary technologies such as crypto dollars and non-fungible tokens (NFTs) – the possibilities are endless.

The current global financial system is passing through tough times, to say the least. Mainly due to the COVID-19 pandemic. It led to immediate disruptions, crippled productivity. Although, built a solid base for future monetary issues.

Numerous central banks started printing vast amounts of fiat currencies to alleviate some of the short-term pain. Result? the inflation rates have surged to unseen levels in decades. In the USA it stands at over 6% – the highest it has been in nearly 40 years.
National currencies, such as the U.S dollar, are slowly losing their purchasing power.

“Renewed impetus from the Federal Reserve to take away the punch bowl, and declining bond yields may point to a macroeconomic environment in 2022 that favors top cryptocurrencies Bitcoin and Ethereum,” the report added.

Well, the declining yield on the Treasury long bond did point to risks of reviving deflationary forces in 2022.

(Context: Benchmark 10-year yields fell two basis points to 1.48%, after early rising as high as 1.52%. The move was mostly driven by a decline in inflation expectations, with the 10-year breakeven rate slipping four basis points to 2.45%. The real yields, or rates on Treasury Inflation-Protected Securities, rose above minus 1%.)

Crypto assets show divergent strength versus equities near the end of 2021 may portend continued digital-asset out-performance in 2022. The report noted,
“A primary force to reverse expectations for Federal Reserve tightening in 2022 is a drop in the stock market, which may be a bit of a win-win for Bitcoin.”

Consider the graphics below that depicts the one-year-out Fed funds future pricing for higher rates in 2022.
The failed attempts, as shown above, by the Federal Reserve to sustain tightening cycles – hints at the US “following Japan and Europe toward negative yields.”

Having said that, BTC remains in a price-discovery mode and is a risk asset, and has been rising with the equity tide.

“Bitcoin will face initial headwinds if the stock market drops, but to the extent that declining equity prices pressure bond yields and incentivize more central-bank liquidity, the crypto may come out a primary beneficiary.”

Transition period
As mentioned above, U.S Treasury long bond has consolidated below the 2% mark despite widespread consensus for higher yields.

“This may be the primary indicator of a transition back to a more deflationary environment in 2022 favoring Bitcoin.”

Look at the graph below, the U.S yields have taken a downturn into negative territory. The upcoming digital reserve asset may be a top standout to benefit.
Looking at the graph, the Senior Commodity Strategist asserted:

“Funds have been moving away from old analog gold and toward Bitcoin and Ethereum. The question for 2022 centers on reversal or acceleration of these flows. With bond yields in decline, our bias is toward the latter.”

Portfolio allocations risks

According to McGlone, money managers are now facing “greater risks” by continuing to have portfolios without crypto, showing that Bloomberg Galaxy Crypto Index (BGCI) is up 1200% since 2019 versus 90% for the S&P 500:

“Past performance is no indicator of future results, but when a new asset class outperforms incumbents, naysayers have little choice but to join in. We see this process playing a primary role in 2022, as money managers may face greater risks if they continue to have no portfolio allocations to cryptos.”
Here’s why: The graph showcases the immense rise of the crypto dollar market cap. It stands above $130 billion.
Overall, the “deflationary forces” will prevail next year and inflation will stop spreading across the globe. This could help Bitcoin, even Oil and Gold to reach a significant mark.
Overall, reports such as this-indeed injects some optimism amidst the growing concerns regarding the digital asset market.
ambcrypto.com/analyst-deflationary-fo...

[verwijderd] 13 december 2021 05:02

0

Added:
12 Dec 2021 22:30:01

Ascendex Hacked — Exchange Loses $77 Million in ERC20, BSC, Polygon Tokens
Bitcoin News
MATIC
MM
Ascendex, a cryptocurrency exchange, suffered a security breach that allowed hackers to take control of some of the wallets of the exchange. The attack focused on hot wallets, where funds are kept as a buffer to tend to customers’ withdrawals. The company announced that it would reimburse these funds to any affected user. Peckshield, a […]
Ascendex, a cryptocurrency exchange, suffered a security breach that allowed hackers to take control of some of the wallets of the exchange. The attack focused on hot wallets, where funds are kept as a buffer to tend to customers’ withdrawals. The company announced that it would reimburse these funds to any affected user. Peckshield, a security and auditing company estimated losses of around $77 million.

Ascendex Hot Wallets Ransacked
Yesterday, Ascendex, a cryptocurrency exchange, reported a security breach caused by a hack attack that focused on the hot wallets of the exchange. The company acknowledged the attack quickly and ran a series of security procedures to safeguard its cold wallets. While the exchange has not released numbers on the attack, Peckshield, a security and blockchain auditing company, examined the hack and estimated the losses at around $77 million.

The hack targeted hot wallets of the Ethereum, BSC, and Polygon networks, with the most value being withdrawn in ERC20 tokens. $60 million worth of these tokens were stolen in the hack, followed by $9.2 million in BSC tokens and $8.5 million in Polygon tokens. Peckshield provided a detailed report of which tokens were stolen and how much was stolen in each token.
Ascendex Response
Ascendex issued a statement on the event and informed the public about the actions it will take after the hack. First and foremost, Ascendex will reimburse all of the funds stolen for the affected users, as it declared that “the impacted assets are a relatively small percentage of total exchange assets.” The exchange transferred the nonimpacted assets to its cold wallets and has since suspended withdrawals for its customers.

The second part of its response to this hack has to do with the investigation of how this happened and who might be the party behind it. In this sense, the company informed it is already working with blockchain forensic firms and law enforcement to ascertain what really happened and to block the stolen funds from being freely transferred between exchanges.
Ascendex also reported that small projects have been affected by this hack, and that some of them are studying to reissue tokens to holders. This affects low liquidity and new projects that were listed on the exchange. This is the second high-profile hack that centralized exchanges suffer in December. Bitmart, another cryptocurrency exchange, lost $200 million in an attack performer on December 6.
news.bitcoin.com/ascendex-hacked-exch...

[verwijderd] 13 december 2021 05:05

0

Added:
12 Dec 2021 22:00:55

Polygon Announces Nearly $500,000,000 Deal in Effort To Lead Ethereum-Scaling Solution Race
The Daily Hodl
MATIC
ETH
Ethereum layer 2 solution Polygon is unveiling a massive acquisition worth hundreds of millions of dollars to expand its repertoire of scaling technologies. In a new blog post, Polygon (MATIC) announces the acquisition of Mir, a startup focused on developing zero-knowledge (ZK) technology. ZK-rollups are layer 2 solutions that bundle hundreds of transactions off-chain and […] The post Polygon Announces Nearly $500,000,000 Deal in Effort To Lead Ethereum-Scaling Solution Race appeared first on ...
Ethereum layer 2 solution Polygon is unveiling a massive acquisition worth hundreds of millions of dollars to expand its repertoire of scaling technologies.

In a new blog post, Polygon (MATIC) announces the acquisition of Mir, a startup focused on developing zero-knowledge (ZK) technology.
ZK-rollups are layer 2 solutions that bundle hundreds of transactions off-chain and produce cryptographic proof that is instantly verified by the mainchain, resulting in a faster finality time.

With the acquisition of Mir and its recursive proof system Plonky2, MATIC hopes not only to improve the current ZK rollups compatible with ETH but also create ones that work with the Ethereum Virtual Machine (EVM).

“ZK scaling represents the future of Ethereum, but scalable, EVM-compatible ZK Rollups don’t exist yet. The missing piece is efficient recursive proofs, as recursion allows us to parallelize proof generation for much better performance.

Unfortunately, the existing recursive proof systems supported by Ethereum are inefficient and slow.

This ends today. We are announcing Plonky2, a recursive proof system that is incredibly fast, and Ethereum-friendly. We believe this engineering breakthrough will be a huge value-add to the community and will open new frontiers of Ethereum scaling.”
Polygon says that Mir has been working on recursive proofs for over two years and that Plonky2 has been shown to generate recursive proofs in 170 milliseconds on a laptop computer, which makes it ideal for building a ZK rollup compatible with EVM.

According to the statement, the maximum amount committed to the deal is $100 million and 190 million MATIC tokens. With MATIC is exchanging hands at $2.07, the deal could be worth as much as $493 million.
dailyhodl.com/2021/12/12/polygon-anno...

[verwijderd] 13 december 2021 05:11

0

Added:
13 Dec 2021 04:49:13

90% Of All 21 Million Bitcoin Have Now Been Mined
Bitcoin Magazine
MM
BTC
Once people, institutions, and governments start realizing how scarce Bitcoin is, a whole new level of FOMO will ensue.
Over 90% of the total amount of bitcoin that will ever exist has already been mined, according to data from the Clark Moody Bitcoin Dashboard. As the monetary network advances in awareness and usage worldwide, fueling an increased demand for BTC, a sudden and robust supply shock might become inevitable.

The Bitcoin network, the only form of digital cash that manages to solve the double-spending problem in a properly distributed and trustless manner, enforces a supply cap of 21 million coins through its consensus protocol, run by tens of thousands of nodes worldwide.

A predictable and unchangeable monetary policy is one of the core aspects that make Bitcoin appealing, especially in the face of the reality of fiat and “crypto” currencies — the supply and monetary policy of which can change based on the decision of a select few people.

The peer-to-peer (P2P) electronic money is sound, contrary to soft fiat money. Nobody has the power to inflate the supply of bitcoin the same way nobody can reduce it. The Bitcoin network is “rules without rulers,” and the rules are written in stone.WE ARE STILL EARLY

Although “we are still early” has become a meme, it is most likely true. Only a tiny subset of society understands what Bitcoin is and its potential for empowering regular citizens. People living in privileged communities that enjoy high levels of freedom and individual rights can be quick to dismiss Bitcoin; however, the P2P cash system can also empower them.
Bitcoin is most often a different thing for different people. For instance, it might function as a store of value for someone living in the U.S. or the U.K., where inflation isn’t soaring but still erodes purchasing power over the years. On the other hand, for someone living in Palestine or Cuba, where war and totalitarianism are commonplace, Bitcoin might be their only hope of finding financial freedom.

The broad use cases for Bitcoin around the world demonstrate its versatility and the many ways it can benefit different people in different ways. Still, most people haven’t yet realized how Bitcoin can empower them.

The predictable issuance of new bitcoin keeps being triggered every ten minutes on average as another block is mined, irrespective of the level of understanding people may or may not have about the monetary network.

TICK-TOCK, SUPPLY SHOCK
With more than 90% of the Bitcoin supply already issued, scarcity is even more evident now. Although issuance doesn’t determine liquidity, as already-issued coins can and often are traded on the market, the truth is most of the circulating bitcoin supply is held by entities with little or no history of selling.

A report from December 2020 by data analytics firm Glassnode tried to gauge and shed some light on the liquidity of the Bitcoin supply. It analyzed “Bitcoin entities” and classified them into three liquidity categories: highly liquid, liquid, and illiquid.
“Our methodology suggests that currently 14.5 million BTC (78% of the circulating Bitcoin supply) is held by illiquid entities,” the report said.

Although issued bitcoin can be traded on the market, most of it is held by people with no intentions of selling it. The “HODL” meme is strong in the Bitcoin community, and many are dedicated to holding onto their BTC until hyperbitcoinization — when they will be able to spend rather than sell as Bitcoin reaches full monetization and becomes a unit of account.

But much of the yet-to-be-issued supply isn’t very much liquid either. Some of the largest public bitcoin miners in the world have been embarking on the HODL bandwagon this year. Canadian miner Hut 8, for instance, has deposited all the 256 BTC mined in November into custody. It holds 5,242 bitcoin in reserve as of November 30, 2021.
Once people, institutions, and governments start realizing how scarce Bitcoin is, a whole new level of FOMO (fear of missing out) will ensue. A supply shock might become inevitable because there is not enough supply to accommodate a sharp rise in demand from big players like hedge funds and central banks, triggering soaring prices until the complete collapse of the U.S. dollar.
bitcoinmagazine.com/markets/90-percen...

[verwijderd] 13 december 2021 05:18

0

WhaleStats - the top 1000 Ethereum richlist
@WhaleStats
·
1h
Spouting whale A whale just bought 1,002,640,679,253 $ELON token ($1,171,426 USD)

Transaction: whalestats.com/transaction/ethereum/0...

twitter.com/WhaleStats/status/1470229...

[verwijderd] 13 december 2021 05:21

0

WhaleStats - the top 1000 Ethereum richlist
@WhaleStats
·
2h
First place medal $SAND (SAND) is the Non-Fungible Token (NFT) with the highest trading volume in 24 hours.

Rightwards arrow $1,095,467 buy
Leftwards arrow $0 sell

Whale leaderboard: whalestats.com

#SAND #NFT #ERC721 #ethereum #whalestats
twitter.com/WhaleStats/status/1470213...

[verwijderd] 13 december 2021 05:35

0

Floki Inu
@RealFlokiInu
·
Dec 11
#FLOKI TO GO MAINSTREAM IN THE NETHERLANDS: PARTNERS WITH FC TWENTE

To further position #FLOKI for global dominance, we would like to announce a partnership with FC Twente.
twitter.com/RealFlokiInu/status/14697...

[verwijderd] 13 december 2021 05:37

0

haha dat zijn nederlanders volges mij bij floki

[verwijderd] 13 december 2021 05:38

0

coinmarketcap.com/currencies/floki-inu/

[verwijderd] 13 december 2021 05:40

0

The CMC team has not verified the project's Market Cap. However, according to the project, its self-reported CS is 9,197,886,572,858 FLOKI with a self-reported market cap of $1,441,124,134.

[verwijderd] 13 december 2021 05:47

0

www.gate.tv/trade/FLOKI_USDT

[verwijderd] 13 december 2021 06:02

0

Floki Inu Price Analysis: Why FLOKI Token Surged 40% Today And Should You Enter This Rally?
Coingape
FLOKI
Analysis
TThe FLOKI token price is still under a short-term downtrend and is currently trying to sustain above the $0.000118 support. Furthermore, an exciting news for all Floki fans that would also be the reason for sudden buying pressure in this token is the announcement of their partnership with FC Twente, which plays in the highest level The post Floki Inu Price Analysis: Why FLOKI Token Surged 40% Today And Should You Enter This Rally? appeared first on Coingape.

TThe FLOKI token price is still under a short-term downtrend and is currently trying to sustain above the $0.000118 support. Furthermore, an exciting news for all Floki fans that would also be the reason for sudden buying pressure in this token is the announcement of their partnership with FC Twente, which plays in the highest level of professional football in the Netherlands. This partnership will help FLOKI grab the attention of the massive Netherland crowd.
Key technical points:

The FLOKI token price trying to reclaim the 20-and-50-day EMA
The intraday trading volume in the FLOKI token is $63.6 Million, indicating a 130.2% gain.
The last time when we covered an article on FLOKI/USD, the token price displayed a remarkable price recovery which pumped the price to a crucial resistance of the $0.00022 mark. However, the price couldn’t break this overhead resistance, and giving a bearish reversal, it dropped back to the bottom support of $0.000189.

As for today, the intense buying pressure in the market led to a bullish price reversal, which resulted in a 35% gain by the press time. The token price is currently trying to breach its nearest resistance zone around $0.000167.

The FLOKi token price is trying to cross above the 20 and 50 EMA lines, encouraging the ongoing rally. However, the daily Relative Strength Index(49) displayed a similar recovery in its value, but it is still moving below the neutral zone(50).
The FLOKI token price has provided a 4-hr candle closing above the resistance zone around $0.000167-$.00016 and is currently in a retest phase. However, this breakout was not so prominent, and these candles also displayed a long price rejection, indicating the presence of selling pressure. Therefore, the crypto traders should wait for a daily candle closing above this level to confirm a breakout.

The MACD indicator’s lines are on the verge of crossing above the neutral zone(0.00), providing an extra confirmation for a bull rally.
coingape.com/95224-2/?utm_source=cryp...

[verwijderd] 13 december 2021 06:34

0

ik heb geen flokies trouwens

[verwijderd] 13 december 2021 06:36

0

Korean Officials Quit Jobs to Join Crypto Industry, Lawmaker Reveals
Public officials in South Korea are increasingly choosing career opportunities in the cryptocurrency sector. Some of them come from financial authorities which raises ethical questions, according to the findings of a Korean lawmaker, quoted by local media.

Former Financial Officials Hired by Major Korean Exchanges
A growing number of officials in Seoul are vacating their government posts and moving to the crypto industry, according to Roh Woong-rae, member of the Korean parliament from the ruling Democratic Party. On Sunday, he called for the introduction of stricter rules regarding their employment after leaving public service.
Quoted by the Korea Herald, the lawmaker revealed that a Grade 5 employee at the country’s main financial regulator, the Financial Services Commission (FSC), has recently quit his position to join Bithumb, which is one of the leading digital asset exchanges in South Korea.

Roh admitted that regulations now do not restrict such employment. At the same time, he believes that it’s quite inappropriate for a former FSC official to directly join a crypto company overseen by the regulatory agency he has been working for.

Government officials in Korea are classified according to their seniority, with Grade 1 being the top level. Only Grade 4 and higher officials at the FSC and the Financial Supervisory Service (FSS), another major regulator, are currently required to undergo employment screening before getting a job at a private company.
According to the Public Service Ethics Act, government employees above Grade 4 are not allowed to occupy a position in the private sector, when it’s relevant to their former work, for three years after the date they leave the state body. Korea’s antitrust watchdog, the Fair Trade Commission, screens the employment status of all officials at Grade 7 level and above, Noh added.

However, the lawmaker slammed the public service ethics committee conducting the employment screening for not thoroughly reviewing all cases. He provided an example with a high-ranking FSS official who had been responsible for the fintech space before finding a new job at Upbit, another big crypto exchange in South Korea.

Rep. Roh Woong-rae pointed out that the ethics committee had not seen any issues with the move. But in his view, it’s hard to understand the result of the screening as the official had been involved with matters closely related to digital assets.
Such cases are not limited to financial regulators, the parliamentarian remarked. He further revealed that a police officer from the Seoul Metropolitan Police Agency, who led a team investigating crypto-related crimes, is now preparing to join Upbit, too. “Recruiting former and current personnel from the FSC and the police, which are in charge of regulations, is very unethical, in that they are more likely to serve as a shield than experts,” Roh commented.
news.bitcoin.com/korean-officials-qui...

[verwijderd] 13 december 2021 07:47

0

heb nog geen verstappen token gezien?

[verwijderd] 13 december 2021 08:50

0

Russia to Allow Foreign Residents to Own and Use Digital Ruble
The central bank of Russia intends to ensure that the digital ruble is convertible to foreign currencies and can be used by non-residents. In a document devoted to the digitalization of the Russian financial sector, the regulator reiterates its concerns over the risks associated with cryptocurrencies and insists that state-issued digital currencies are safer.

Bank of Russia to Give Foreigners Access to Its CBDC
The Central Bank of the Russian Federation (CBR) will facilitate the exchange of the digital ruble with foreign currencies and allow users residing outside its jurisdiction to open and use digital ruble wallets. The monetary authority revealed these intentions in its “Main Directions for Digitalization of the Financial Market, 2022 – 2024” project published recently.

Bank of Russia started contemplating a central bank digital currency (CBDC) in 2018 and decided to explore the possibility of issuing one last year. A consultation paper was published in October 2020 to gather feedback from financial sector players. In April 2021, the regulator released a digital ruble concept outlining its principal architecture.
In June, the CBR formed a digital ruble pilot group with over a dozen banks and other stakeholders. The authority wants to complete the platform’s prototype by the end of December and begin trials with the CBDC in January. It plans to gradually expand the range of participants and the types of transactions, Forklog and RBC reported quoting the draft document.

At the first stage of the trials in 2022, Bank of Russia will invite credit organizations and carry out consumer-to-consumer operations. The Federal Treasury will join at the second stage, along with financial intermediaries such as non-bank payment service providers, exchanges, brokers, marketplaces, and insurance companies.
Smart contracts and offline mode as well as the option to convert digital rubles into foreign currency will also be introduced. The CBR claims that using the digital ruble offline will increase the availability of financial services for the population. It says that uniform fees will bring transaction costs down. The platform will also be employed for targeted payments to citizens and businesses.

In the document, the Russian central bank has once again drawn attention to the risks it sees in decentralized digital currencies like bitcoin. The CBR reiterates its position that cryptocurrencies cannot be used as a means of payment because of their high volatility.

Recognizing there are different approaches to regulation, the bank nevertheless highlights a trend towards the tightening of rules pertaining to the crypto space. Bank of Russia also insists that CBDCs can respond to the need for safe digital payments.
news.bitcoin.com/russia-to-allow-fore...

finance2u 13 december 2021 09:00

0

quote:
Meta2312 schreef op 13 december 2021 07:47:
heb nog geen verstappen token gezien?

Chiliz heeft al 2 formule 1 teams binnen..

Vertraagd	18 mei 2024 18:17
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