crypto content platform
Home arrow Article arrow Article Detail

CEO of the largest Cryptocurrency Exchange speaks about the regulations and trends of crypto

Profile Image

Crypto Business World

CBW -External Analyst

INDIA

Nov, 20 2020

Nov, 20 2020

likes 0 | comments 0

Article Image

##Cryptoassetrating #CryptoBusinessWorld #Tokenizationassetplatform #CBW #digitalassets #cryptoassets #ratingagency #blockchain #crypto #cryptocurrency #cryptobusinessnews #cryptonews #breakingnews

Once again, cryptocurrencies have come to prominence. Prices are continuously rising and fascination is spiking, from Fidelity to PayPal to JP Morgan, everyone is displaying greater interest. The latest developments are really inspiring for the founder and chief executive officer of Binance, Zhao Changpeng.


According to Mr. Zhao, who is also known as CZ, the adoption of cryptocurrency is definitely increasing as more institutions and users are participating. He believes that things are going pretty well.

The optimistic attitude of institutional investors amidst other factors has led to the value of bitcoin to double this year. Once again the bitcoin price has spiked above the US $ 16000 which is about a 20% gain, this is the highest level of the last three years. Simultaneously, the regulatory environment is steadily evolving in several parts of the world with so many restrictions.


Central banks all over the world are also working towards evolving their own digital currencies. This year, a lot has changed both positive and negative developments have taken place.

The interest in digital currencies has been heightened as shown in a survey held this year by the bank for worldwide settlements of 66 central banks. It is reported that they are gazing at issuing their own central bank digital currencies (CBDCs).

China has been the most dedicated country on this front. It is well ahead of other countries which simultaneously puts pressure on the rest of the countries to push their efforts forward.


The first country issuing the central bank digital currency will be in a state to fascinate a lot of international usage and volumes. This apparently will help in making RMB a ruling currency across the world. If it works, then it will significantly put pressure on central banks of other countries to issue their own central bank digital currency as soon as possible.


likes 0 Likes | comments 0 Comments

Profile Image

Crypto Business World

CBW - External Analyst

INDIA

Comments
WHAT IS AN EXTERNAL ANALYST
banner
Article
Security concerns put out as PayPal carry Cryptocurrency to the group

PayPal has declared that its US customers will soon be capable of paying keenly using cryptocurrency, as the payment platform moves towards a broad range of services...;

Disclaimer: The information is for informational purposes only.​ This advertisement does not constitute financial advice or any other advice. You should consult with a financial professional to determine what may be best for your individual needs. None of the information and/or content available through this advertisement is intended as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any company, financial product, security or commodity. To the maximum extent permitted by law, we disclaim any and all liability in the event any information, commentary, analysis, opinions, advice and/or recommendations prove to be inaccurate, incomplete or unreliable or result in any investment or other losses. In Making the investment decision, investors must rely on their own examination of the issuer and the terms of the offerings, including the merits and risks involved. Investments are speculative, illiquid, and involve a high degree of risk , including the possible loss of investment.