“It is possible to replace the American dollar with other currencies, both national and regional, and in the future, probably, with some kind of digital assets,” states Alexander Pankin, Deputy Minister of Foreign Affairs of the Russian Federation.
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Blockchain And Crypto Policy And Regulation
The growing popularity of digital assets, commonly referred as cryptocurrency, has forced regulators across the globe to rethink their approach towards it. They are now looking to strike the right balance between investor protection and fostering technological innovation. However, the vast application and fundamental difference between crypto assets and traditional financial system makes it difficult for policymaker to bring in new laws. This is going to be daunting task for them.
Stay tuned for all the policy related developments.
“This is an exciting moment for Europe as regulatory approval comes ahead of those waiting for a decision from the U.S. Securities and Exchange Commission,” states CEO Jamie Khurshid.
“Cryptocurrency has the right to exist and can be used as a means of payment,” states Russian President Vladimir Putin.
The island nation aims to go digital with the introduction of blockchain technology and cryptocurrency mining. Sri Lanka is of the view that these new space can help it attract investments and investors.
Companies like MicroStrategy will be part of the portfolio which are big advocates of Bitcoin and decentralized economy.
“With this asset you will be able to buy a house, a car, go to McDonald’s to buy a hamburger – it will be a currency in the country as it happened in other countries,” states Brazil’s Federal Deputy Aureo Ribeiro.
The Indian government will compartmentalise cryptocurrencies on the basis of their use cases and direct which cryptocurrency will be allowed to trade in India.
The largest cryptocurrency exchange on the planet is facing the flak of regulators in several countries for compliance issues. The securities regulator of Malaysia announced Friday “enforcement actions against Binance for illegally operating a digital asset exchange (DAX).”
New Zealand, July 8, 2021 /AlexaBlockchain/ – The Reserve Bank Of New Zealand, Te Pūtea Matua, has announced…
State of Wyoming moves towards a more sustainable monetary system with The American CryptoFed DAO becoming the first legally recognized Decentralized Autonomous Organization in the US.