INTERNATIONAL CRYPTOCURRENCY NEWS
Last week after the US Government interest rate increase, stocks and crypto took a big tumble. Thank God that we know how to hold on, be led by God’s Spirit, and wait on our instructions! Today we’re talking about what’s happening internationally with cryptocurrency, let’s dive in:
RUSSIA: I saw that Russia’s Central Bank came to an agreement with their Ministry of Finance to allow/legalize cryptocurrency for cross-border payments. That doesn’t mean that crypto will be accepted as a method of payment in the country, but it does mean that crypto can be used by businesses and by individuals to carry out transactions outside the Russian borders. It also allows Russian residents to have digital wallets!🙌🏾
SWITZERLAND: Switzerland’s SEBA Bank which is a digital asset banking platform has now launched an ETH staking platform! The bank made an announcement to Cointelegraph talking about the launch and saying that it is for institutions that want to earn yields from staking on the Ethereum network and that this was in response to “the growing institutional demand for DeFi services.”🤸🏿♀️
TRINIDAD AND TOBAGO: In these beautiful twin islands (wink wink😜) cryptocurrency awareness is growing in leaps and bounds. Coinbase has had an established online platform there for cryptocurrency purchases, but I noticed other vendors jumping into the market as well. Also, Trinidad and Tobago’s Central Bank on their (central-bank dot org.tt) website says this about cryptocurrency: “There is a belief among some governments that if cryptocurrencies were granted legal tender status, this would result in a loss of economic power and a shift towards decentralized, global economies. However, there are some benefits being derived from the emergence of cryptocurrencies as its underpinning technology, Blockchain, has been argued to have the potential to revolutionize the world economy.”
DUBAI: Crypto giant Binance has for years tried to get global approval to enter countries with their crypto platform but has faced setbacks with Israel and Uzbekistan blocking their moves. But just last week Binance received a license from Dubai's Virtual Asset Regulatory Authority to offer crypto services there!🙏🏿
So things are moving forward, they may be moving a bit slow but anyone with a crypto mindset will be able to tell the direction that things are generally heading. Stay tuned for more crypto info!
Copyright ©2022 Sherma Jacqueline Felix, BLACK ADVANTAGE Publishing™. The author shall neither be liable nor responsible for any loss or damage allegedly arising from any information or suggestions in this post.