Weekly summary of the cryptocurrency messages 18/06/2022
Weekly summary of the cryptocurrency messages 18/06/2022
Here are all interesting headlines that you missed this week outside of the cryptoma market:
Panama's President has his veto against the crypto law due to money laundering concerns
The President of Panama, Laurentino Cortizo, rejected a crypto calculation introduced in September 2021, the area of application covers several cryptocurrencies, in contrast to El Salvadors Major in Bitcoin. Cortizo partially made his veto against the bill and referred to the non-compliance with the latest Faft recommendation for tax transparency and prevention of money laundering.
If the draft law were approved, he would make it possible for the residents of Panama to buy everyday goods and daily services with digital assets such as Bitcoin, Ethereum and Litecoin. The draft law would also make digital assets a mainstream for setting taxes or fees owed by the state. In addition, the legislation of Daos would recognize.
The Panamaic legislator Gabriel Silva, who was involved in the development of the draft law, claimed in his tweet that the decision of the head of state was “A missed opportunity to create jobs, attracts investments and integrates technology into the public sector.”
However, the president's veto decision is not a final validity because he described it as "not subject to sanctions". Congressman Gabriel Silva claimed that the draft law did not need a complete revision, but only a concentration on the sections against which a veto was inserted.
The approval of the draft law by the head of state would make Panama in El Salvador the second Latin American country that introduces digital assets into its financial system.
The luxury watch manufacturer Tag Heuer shows NFTS in its latest innovation
The luxury chronograph brand Tag Heuer continued its entry into the cryptocurrency area and this time moved in the NFT niche. Hardly a month since the brand accepted crypto payments with support for more than a dozen cryptomaes, the Swiss watch manufacturer has expanded its innovative skills
The newly introduced smartwatch connected Calibre E4 enables its owners to display NFT works of art on the clock dial. The functionality is also available with an update of owners via Apple's App Store and Google Play. This function enables users to synchronize NFTs by using digital items that are controlled by the user's smartphone.
The luxury watch manufacturer announced that he worked with huge NFTs like BayC and Clone-X to produce this innovation. It complements the list of other chronograph brands that have published NFTs, including Hublot, Breitling and Bulgari.
Binance and Splyt cooperate to offer Ride-hailing services
Binance, the largest crypto exchange in volume, extends its reach after working with the "Super-App-Enabler" Splyt. The step is an attempt by CZ's stock exchange to diversify their payment options. As soon as it is ready for operation, users can not only pay for trips, but also for other services such as grocery deliveries, public transport and airport transport.
Binance can already refer to a customer base of 90 million users worldwide, while SPLYT, which is based in London, is active in 130 countries, which makes the partnership a leader. There is a growing need for crypto payment support, especially for many traditional services and bony, hopes to capitalize on it through SPLYT.
The decision of the stock exchange to gain a foothold in the crypto payment space is a brave step of a huge crypto company that could possibly encourage more people to deal with crypto. The positive news also comes at a time when crypto-assets bleed on the market. In particular, Binance is one of the very few companies that expand their business, while others such as Coinbase, Gemini and Crypto.com have actively released employees in response to the deteriorating market conditions.
Circle puts a euro-assisted stablecoin onto the market in the USA
The global fintech company behind the USDC coin, Circle, announced its plans on Thursday to launch a fully reserved and bound coin called Euro Coin (Euroc) in the USA. The offer is fully secured by euros, which are kept in the jurisdiction of the United States.
The company found that the Euroc will be "under the same full reserve model and built on the same columns of trust, transparency and security [as the] USDC." the latter is the second largest stable coin with a circulation of $ 54 billion. The company hopes to limit the friction between crypto and the mainstream financial services by using both tokens offered to enable companies to easily move euro liquidity in the chain.
users can use the coin for buying goods and also for cross -border transfers to you. Institutional dealers can also create markets while using the coin in arbitrage options for digital assets and defi. The stablecoin will be introduced as an ERC 20 token at the end of the month.
Several ecosystems such as BISTAMP, Binance.Us, Ledger, Anchorage Digital, Fireblocks and Uniswap have promised to support the coin at the start.
Huobi closes trade transactions in Thailand
Although Thailand is considered a pro-crypto state, trading platforms for digital assets such as Binance have arguments with the country's supervisory authorities. The latest name that joins this list is the Huobi Technology, Huobi Thailand.
The unit should stop the operation in Thailand after its license has been revoked by the country's Securities and Exchange Commission for non -compliance with the regulations. In a Saying In March last year, the stock exchange was warned of problems in their system that had to be tackled.
Although the trading system, asset storage and information technology systems have been expanded several times, the company could not meet the requirements. This led to the decision last month to permanently withdraw the license to the company.
The stock exchange announced that it was finally close to the platform on July 1, 2022, even though several customers have not emptied their reserves in the platform after contacting them.
Source: Coinlist.me
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