Estonia has passed an anti-money laundering law. How does it threaten the cryptocurrency sphere?
In fact, the bill prohibits the work of DeFi projects and third-party wallets
VASP will be able to freeze any of the accounts on suspicion of money laundering
At the end of September, the Estonian Ministry of Finance published amendments to the law aimed at preventing money laundering in the country. Currently, these papers are under interdepartmental agreement. The updated law is expected to enter into force by the end of February this year.
Industry companies have time until 22 March to amend its documentation and reorganize the work. Otherwise, they will be fined up to 432 thousand euros.
As for ordinary users, they are now allowed to store BTC only on licensed wallets from VASP. The rest of the accounts will be blocked.
Digit free assets as a means of protection against inflation. More and more billionaires are investing in “crypto”
Many skeptic billionaires have already added BTC and other cryptocurrencies to their portfolio
The reason for this was prolonged inflation
Over the past year, even critics of the cryptocurrency have seen potential in it as a hedge asset. And inflation played a major role in this.
Stimulus packages in the US and other major countries have jeopardized the global economy. Lingering inflation has hit all key industries and has also eroded credit for fiat currencies.
Bridgewater Associates founder Ray Dalio was extremely skeptical about cryptocurrency. But even he added a few digital assets to his portfolio last year.
Major hedge fund manager Paul Tudor Jones also bought bitcoins. According to him, this is how he wants to protect his capital from rapid depreciation.
President of El Salvador about BTC in 2022: “Two more countries will legalize bitcoin, and its rate will reach 169 one thousand dollars”
Bukele believes that the BTC market will go into a bullish phase, and the rate will reach $ 100 01
He also announced the “explosive growth” of Volcano and Bitcoin City
The coming to power of Nayib Bukele in El Salvador was a real shock. The politician legalized BTC, created a project to introduce cryptocurrencies into retail, and at the same time enjoys the support of the population.
This and other initiatives in the crypto space make him one of the industry’s most visible advocates in the political community.
On Sunday, the head of state shared several predictions regarding the future development of bitcoin. In his opinion, the cryptocurrency market will go up, and the BTC rate will reach a new “ceiling” in 169 thousand dollars.
The politician is also confident in the further adoption of bitcoins at the state level.
Shiba Inu starts DAO and transfers control to users
They give the user the rights to distribute the liquidity pool
The owners of the token will participate in the vote BONE
Shiba Inu launches beta version of Decentralized Autonomous Organizations (DAOs). The goal is simple: to increase the level of decision-making by participants in cryptocurrency projects.
The implementation of the new project will take place in two stages.
The first stage is called DAO 1 and it starts this week. The bottom line is that now the community will be able to vote on the distribution of prizes among the creators of potential crypto projects on the ShibaSwap WOOL Pools platform.
What will you wear tomorrow to meet your friends in the metaverse?
WITH a new culture of consumption is being created, an absolutely new market is being formed, but not in real life, but in digital worlds.
More exciting opportunities await in the future for digital fashion, creativity, and metaverse branding businesses. Major apparel brands have stated, directly or indirectly, that they are interested in entering this new niche. What are the prospects for designers and fashion designers? How to make money on this trend and how long will it last?
More than $ has already been spent on creating a clothing market for the metaverse 432 million, many analysts believe that by the end 2022 investments in digital design, architecture, clothing, accessories will exceed $ 2-3 billion
Iconic politicians that changed the crypto world in 2021. Special project “New Year with Incrypted”
Just a couple of years ago, the authorities didn’t even want to talk about cryptocurrencies. But now everything is different: everyone has to reckon with this sphere. Some countries are looking for ways to quickly and easily implement digital assets in order to get the maximum profit.
El Salvador’s leader Naib Bukele has become the main generator of good news. He is the only president who remains loyal to Bitcoin in all situations – during ups and downs, during popular protests, and even when his ideas are criticized by other countries.
There are two measures in the US that are driving crypto trends – Eric Adams from New York and Francis Suarez from Miami. This year both were elected heads for the first time. Both wanted to get their first salaries in cryptocurrency. And both are launching the world’s first municipal tokens – Miami Coin and NewYorkCityCoin (NYCCoin). And the Mayor of Miami even promised local residents airdrops and staking payments.
China became a black swan for the crypto market this year. First, they completely banned mining in the country, then tightened the screws on crypto-exchanges.
A mobile wallet for operations with digital yuan appeared in the App Store and Play Market
The Central Bank of China has begun testing a pilot version of a mobile client for transactions in DCEP
So far, the app is only available for the local market
On the morning of Tuesday, January 4, a pilot version of the e-CNY program appeared on the App Store and Play Market. It is a digital yuan-based settlement wallet.
The software was developed by the Digital Currency Research Institute, one of the divisions of the People’s Bank of China. So far, the software is only available on the local market.
To authorize and use the application, you will need a verified account in the licensed financial institution of the country.
Binance Labs invested $ 12 million in WOO Network
The WOO Network will receive from Binance Labs, the venture arm of Binance Smart Chain, 13 million dollars
Funds will go towards developing new ideas, training talent and scaling the network
On January 4, crypto exchange Binance announced that it was holding a Series A + investment round on 13 million dollars. The company plans to invest this money in the development of the WOO Network liquidity platform.
BSC Investment Director Peter Ho said in a press release:
“The WOO Network serves the benefit of the entire crypto ecosystem by adding significant value to it. It provides high liquidity and zero commission trading both within and outside the platform. We are pleased to expand our long-term relationship and explore opportunities for further strategic cooperation. ”
And in pursuit, in the evening: Estonia reassured citizens: we will not touch your crypto wallets
Panic began in the local community, the Ministry of Finance issued a “reassuring letter”
The local community reacted to the new law with panic and a wave of criticism. Therefore, the Ministry of Finance had to publish a separate letter with clarifications.
The department confirmed that it plans to collect information about connected wallet owners (companies and citizens) through the VASP system. But there is an important point.
Legal entities must connect to the VASP system, otherwise their wallets will be blocked. They must also obtain a license and prove their solvency.
Melania Trump congratulated Bitcoin on 18 – anniversary
Melania Trump also posted a congratulatory tweet, not forgetting to mention Satoshi Nakamoto and his NFT collection
Users hope that the former first lady can change Donald Trump’s attitude towards this industry
In the midst of the financial crisis on January 3 2009, the Bitcoin genesis block was created, in which 100 bitcoins. Former US First Lady Melania Trump did not stand aside and commented on this event on Twitter.
Melania Trump’s interest in the crypto industry is understandable. Earlier we talked about how she launched her own NFT platform. Melania did not forget to mention her in the tags for the congratulatory tweet.
It is noteworthy that the husband of the former first lady is hostile towards cryptocurrencies. In an interview this summer, he called them a “scam”.