Australia prohibits the use of cryptocurrencies in online betting. and El Salvador says goodbye to the Dollar.
Australia prohibits the use of cryptocurrencies in online betting. and El Salvador says goodbye to the Dollar.
"Bitcoin wallet well asleep Wake up and transfer 535 million dollars after 6 years" all this news and many more in El Salvador takes a radical turn AND SAYS Goodbye to the dollar in an unexpected financial movement El Salvador has hinted at the possibility to distance itself from the US dollar as its official currency from 2021.
Salvadoran Vice President Félix uyoa revealed in a recent interview that the government intends to seek economic and financial independence by moving away from Fiat currencies and opening the door to bitcoin as a possible alternative, despite having evaluated de-dollarization on previous occasions, it is recognized that The return to the colon as a local currency carries significant costs UYOA highlighted the government's interest in liberalizing the economy and financing, disregarding the guidelines of central banks with bitcoin on the horizon as a possible path to financial independence.
El Salvador seems to be on the way to a radical change in its monetary policy The dominance of teter in Europe in danger emerges the reign of the ST coins in euros teter usdt has maintained an undisputed reign in Europe with almost 90 percent of dominance in the cryptocurrency transactions However a report from kaiko research reveals an imminent shift in the market as euro-backed stable coins are on the verge of challenging this supremacy the weekly average transaction volume of euro-based stable coins has seen steady growth reaching an all-time high of 1.1 per. This trend has triggered impending regulation in Europe particularly with the entry into force of the mica law on June 30.
These regulations are expected to lead to the removal of USDT from major exchange platforms in Europe which in turn could drive the adoption of regulated stable coins backed by euros. Companies such as Teter Limited have expressed concern and have warned that the exclusion of USDT from the European market.
It is a real possibility that the pre-sale of bas duat reaches a million dollars ready to surpass bret as the next big mem Coin in just one week since the launch of its pre-sale base duat whose ticker is dwat has raised more than a million dollars positioning itself as the next big phenomenon on the base chain and a potential rival to bret. This early success is due to its advanced functionality that allows interoperability in the Etherium Solana Vinas Chain and endorses as well as its innovative share to earn feature that rewards to users with points redeemable for duat tokens by sharing content on social networks with a current price of 0.00002 per token early investors can take advantage of this rate before it rises 5% in the coming days the fever for meme coins continues growing with bas duath standing out thanks to its Bridge technology as a warle and portal that facilitates cross-chain commerce, in addition the base chain developed by coinbase has seen significant growth increasing the visibility and potential of duad with the support of a Loyal community and a market on the rise bis duad.
It is ready to capitalize on the summer momentum the pre-sale offers 20% of its total supply of 8.45 billion tokens promising potential returns of up to 100x according to experts such as red wride and Tech report to participate investors can visit its project website and connect your wallets.
Fines of 24,750 Australian dollars will be implemented for companies that do not comply with the law.
The ban aims to create a safer betting environment that aligns with existing laws and covers digital wallets and virtual currencies such as Bitcoin.
The use of cryptocurrencies and credit cards for online betting is prohibited with fines of up to 24,750 in Australia for companies that do not comply with these measures.
They seek to protect citizens from possible excessive spending and gambling addictions by aligning the rules of online betting with the existing laws on physical betting in the country. The recent ban in force since June 11 aims to promote a safer and controlled in the field of betting avoiding indebtedness for participating in activities of this type with a transition period of 6 months for the industry the new regulations will be applied without exception including the use of crd cards linked to digital wallets and virtual currencies such as bitcoin.
Bitcoin wallet that was inactive wakes up and transfers 535 million dollars after 6 years in a surprising revelation still this wallet that had been inactive since mid-2018 moved its assets to several addresses including a deposit on binance coinciding with a sharp decline in the bitcoin market this unexpected activity has shaken the market since analysts usually interpret these types of movements as signals bears suggesting that large holders or whales could be liquidating their assets.
The actions in the market resulted in more than 255.2 million in liquidations in the crypto market of which 234.5 million came from long positions precisely in the fall in the price of bitcoin with 4.5% of its value.
Australia bans the use of cryptocurrencies in online gambling.
- Australia has already decided on a strict ban on the use of cryptocurrencies and credit cards for online GAMES to economically avoid excessive spending and gambling addiction.
El Salvador moves away from the US dollar
El Salvador hints at a move away from the US dollar towards financial independence by considering Bitcoin as an alternative currency.
Vice President Félix UYoa reveals the government's intention to distance itself from fiat currencies, emphasizing economic and financial independence.
The country is considering adopting Bitcoin to achieve financial freedom, indicating a possible change in monetary policy.
El Salvador's Financial Independence
El Salvador contemplates adopting Bitcoin for economic liberation while facing challenges related to its current monetary system.
Challenges of Dedollarization in El SalvadorDespite previous de-dollarization considerations, returning to the colon as the local currency poses significant costs.
The government intends to liberalize the economy and financing by reducing the influence of the central bank, potentially transitioning to financial autonomy with Bitcoin.
Tether's dominance threatened in Europe
- Tether's dominance in Europe faces competition from euro-backed stablecoins amid looming regulations reshaping the cryptocurrency market landscape.
Euro-Backed Stablecoin Challenge Tether
Euro-based stablecoins are gaining ground and threatening Tether's dominance due to increasing euro-backed transaction volumes.
Regulatory changes, such as the MICA law, could lead to the delisting of Tether from European exchanges, promoting the adoption of regulated stablecoins backed by euros.
Bas Duat emerges as a promising meme coin
Bas Duat attracts attention as a meme coin with innovative features that attracts early investors seeking high returns.
Bas Duat Characteristics and Potential Growth
- Bas Duat offers advanced functionality that allows interoperability between various blockchain networks such as Ethereum and Solana.
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