Regulatory matters
The landscape of digital money is rapidly evolving, with cryptocurrencies and state-issued alternatives competing for dominance. The widespread adoption of stablecoins like USDC and USDT in international payment settlements highlights the U.S. dollar’s role as a de facto global reserve currency, reinforcing the significance of self-custodied digital money in enhancing financial autonomy and efficiency.
Central bank digital currencies (CBDCs) are digital forms of a country’s fiat currency issued by its central bank. They are being explored as a response to declining cash usage and the rise of cryptocurrencies like bitcoin that could undermine central bank power. The UK’s proposed “Digital Pound” aims to provide an electronic version of cash that retains its stability while improving aspects like instant peer-to-peer transactions. However, potential risks around privacy, financial stability, disintermediating banks, cybersecurity, money laundering, and government control have made CBDCs controversial. Overall, CBDCs could provide benefits but the risks need to be managed through careful design and regulations.
In the ever-changing landscape of the crypto market, understanding its current state is essential. In this insightful article, we explore the nuances of the ongoing bear market and its potential turning points. While market timing remains uncertain, there are key observations to consider. The article examines the experience of crypto hodlers and the importance of backing projects with conviction. It also emphasizes the relative perspective of drawdowns, illustrating how seemingly substantial losses can pale in comparison to further drops. The piece highlights a consolidation and capitulation trend, with tokens gravitating towards established cryptocurrencies like BTC and ETH. Moreover, recent regulatory developments in the US indicate a fundamental shift, suggesting that crypto is here to stay. The article concludes by summarizing significant news headlines that hint at a market poised for a rally. Whether you’re a hodler or a new entrant, this article provides valuable insights to help you navigate the crypto market’s depths.
TLDR Summary; The current established systems for conducting commerce online have their limitations. These systems have not yet evolved to service the global and borderless nature of the internet, which is why there is a need for a global internet native currency. A global internet native currency, based on a cryptocurrency, would offer low transaction …
Back in 2020, the Iranian government quietly amended its regulations on cryptocurrencies to allow locally mined bitcoin to be used for funding imports, likely a forced move at a time of increased pressure due to blocks on financial services after Trump reinstated US sanctions. The idea seems to have been to repatriate revenue from Iran’s …
