The G7 is an international forum for Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States governments, as well as central bank governors. How did we get from that point to the Biden administration seeking cryptocurrency consideration within the Federal Reserve?īefore we continue on this topic, check out these seven fun cryptocurrency facts. At that time, it was seen as usual and expected, as if it was something that no one was seriously interested in.Ĭryptocurrencies were perceived as Internet scams, and the mainstream spread the image of “gullibility.” Although crypto regulation has been here for a while, it was not until recently that they started taking it seriously. Īccording to the statement, they were prompted to this decision by the rapid disappearance of the stable currency Terra that happened during the third week of May this year.Ĭryptocurrency regulation did not happen a few years ago when one of them disappeared. The latest news about the world’s top monetary leaders calling for quick and complete regulation of cryptocurrencies confirms that cryptocurrency is more than needed by the economy today. Is cryptocurrency even designed to save the economic bubble hovering over the US and the EU? The question arises, how will “virtual money” affect the economy? While some are guessing what it is about, a minority are mining and opening special wallets.Ĭryptocurrencies are entering an unstable economy. And while it seems that these are exclusive opportunities, cryptocurrency is getting closer to our everyday life.Īs a result, it still isn’t clear to the majority what it is all about and what Bitcoin is in general. The fashion industry allows payments with cryptocurrencies. Ukraine got help through cryptocurrencies. Does the economy need cryptocurrencies?.Cryptocurrencies are part of reality and will soon become part of the “everyday economy.”įollowing recent circumstances that rocked the crypto community, financial regulators all around the world have begun to investigate the crypto price trend.
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