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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (196212)2/12/2023 1:16:03 AM
From: Cogito Ergo Sum  Read Replies (1) | Respond to of 217688
 
Yes.. Ford decided to build a car his employees could afford.. how novel :) maybe noble also :) but win / win is almost ALWAYS the best strategy

a very unimperialistic view :)



To: TobagoJack who wrote (196212)2/12/2023 11:41:47 AM
From: Pogeu Mahone  Respond to of 217688
 
El Salvador’s ‘limited’ use of Bitcoin prevents forecasted risks, says IMF
The IMF has suggested that El Salvador “reconsider” its plans for Bitcoin following a recent visit to the country



NEWS

The global monetary watchdog has advised El Salvador to exercise caution in expanding government exposure to Bitcoin

BTC

$21,939


due to the “speculative nature” of crypto markets.

A Feb. 10 statement from the International Monetary Fund (IMF) emphasized Bitcoin’s risks to El Salvador have “not materialized” yet due to the country’s “limited” use of Bitcoin. IMF staff paid a recent visit to the country.

The IMF stated that El Salvador should address Bitcoin’s risk to the country’s fiscal sustainability and consumer protection, as well as its financial integrity and stability.

It highlighted the importance of acknowledging these risks, as Bitcoin’s use in El Salvador “could grow,” given it had been recognized as legal tender in the country since Sept. 2021.

El Salvador was urged to rethink its decision to issue tokenized bonds, as the IMF stated it should be “eschewed” due to its legal and financial risks. The statement noted:

“Given the legal risks, fiscal fragility and largely speculative nature of crypto markets, the authorities should reconsider their plans to expand government exposures to Bitcoin, including by issuing tokenized bonds.“
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The need for “greater transparency” from the Salvadoran government was also emphasized regarding both its Bitcoin transactions and the “financial situation” of its state-owned Bitcoin wallet, the Chivo wallet.

Related: El Salvador's Bitcoin decision: Tracking adoption a year later

This comes after recent news that a legal framework for a Bitcoin-backed bond in El Salvador, known as the “Volcano bond,” was established on Jan. 11.

The Salvadoran government said that these bonds would be used to pay down sovereign debt and fund the construction of its proposed “Bitcoin City.”

Bitcoin City is part of El Salvador’s plan to continue attracting crypto investors. It was previously noted that a priority for the country in 2023 is to address any possible cryptocurrency-related criminal activity.

Guillermo Contreras, CEO of DitoBanx, previously told Cointelegraph on Jan. 6 that the opening of the National Bitcoin Office in El Salvador will function as “a central entity” to deal with these issues.



To: TobagoJack who wrote (196212)2/12/2023 11:47:37 AM
From: Pogeu Mahone  Respond to of 217688
 
A New York Minute?

Canadian University Dubai backtracks on accepting crypto via Binance Pay
Before hitting a technical roadblock, CUD was seemingly interested in collecting tuition and course fees in cryptocurrencies from both domestic and international students.


NEWS

Not even 24 hours after the Canadian University Dubai (CUD) announced its partnership with Binance Pay to accept course fees in cryptocurrencies, a technical roadblock watered down the excitement behind the short-lived initiative.

CUD, a private university in Dubai, was seemingly interested in allowing domestic and international students to pay their tuition and course fees in cryptocurrencies. This initiative would have allowed students from varied backgrounds easy access to the Canadian curriculum in Dubai.

Binance Pay, a payment gateway service launched by crypto exchange Binance, allows businesses to integrate support for cryptocurrency payments. According to the university’s initial announcement, the Binance partnership allowed the institution to “have adapted to the transforming digital payment space.”

Binance Pay supports over 200 cryptocurrencies, including Bitcoin

BTC

$22,058


, Dogecoin
DOGE

$0.08

and Ether
ETH

$1,546

and charges zero fees per transaction. On Feb. 7, Binance hosted a cryptocurrency workshop and information session for CUD where students were taught about blockchain and crypto fundamentals, Web3 and the metaverse.

Crash-Proof Crypto Trading For Anyone Sick & Tired Of Waiting On Bitcoin Canadian University Dubai total number of students. Source: topuniversities.comAs shown above, CUD is home to over 1800 domestic and international students — enrolled in one of the 25 undergraduate and six graduate programs — who pay a yearly tuition fee of $18,000.

Canadian University Dubai has not yet responded to Cointelegraph’s request for comment.

Related: Crypto projects respond to privacy coin ban in Dubai

On Feb. 7, when Binance was eyeing a partnership with CUD, Dubai released crypto regulations for virtual asset service providers (VASPs). The Virtual Asset Regulatory Authority issued its Full Market Product Regulations, which include four compulsory rulebooks and activity-specific rulebooks that lay down the rules for operating VASPs.

Irina Heaver, a crypto and blockchain lawyer based in the United Arab Emirates, told Cointelegraph, “Regulatory certainty is very good for business. It is good for consumers, investors and the Emirate of Dubai. The regulations are long-awaited and mostly welcomed.”