The Daily Leo | Donald Trump Support For Crypto
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Donald Trump's Support For Crypto Raises Questions
US elections are going to happen soon and now political parties in the US are trying to run their campaigns on different agendas. Donald Trump has been trying to focus on crypto as they have already started accepting donations in Crypto and now he wants all the remaining bitcoins to be mined in the US only. Many questions are raised on the support for crypto by Donald Trump.
Crypto.com Gets VASP Approval From Central Bank of Ireland
Crypto.com is an exchange that has been trying to expand its presence and also to get regulatory approvals so they need not struggle with its operations. This is a good approach and I have seen this exchange working aggressively which is another good part. Now they have obtained VASP approval from the Central Bank of Ireland which is great news
ICBC is one the biggest banks and now this bank sees potential in Bitcoin. As per the bank, bitcoin is digital gold and ethereum is digital oil. This type of statement coming from such a big bank means a lot as they must be trying something to into this. May more many other banks also try to enter the bitcoin market and its good for the overall crypto market.
The current economic model is not a big success and even now many countries are struggling. Its the time when a change is needed in the model to revive the global economy and can crypto become one of the components to save this? This can be a possibility depending upon how countries use this instrument to generate more revenue and wealth for their countries. Its decentralised and supply is also limited hence no one can manipulate it while with fiat such things don't exist.
War is never the solution to any problem and it also brings a lot of damage to the country's economy. Some countries are already in a war situation and we have seen how things are getting worse for them. Even some others are in war-like scenarios. Check out the article for more details
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