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Dimitar Dzhondzhorov



Articles by Dimitar Dzhondzhorov

Around 30% of Swing State Voters Want Bitcoin as Legal Payment Method: Poll

1 day ago

According to a survey, approximately every third swing state resident would like to see local authorities legalizing cryptocurrencies as a payment option. While general support towards private digital currencies is on a high level, the locals still need to learn more, the research revealed.
Texas and Wisconsin Rank First
The London-based polling firm Redfield & Wilton Strategies conducted a survey among over 9,700 eligible voters in 10 swing US states to determine their opinion on some of the latest cryptocurrency developments. Namely, those were California, Florida, Texas, Arizona, Wisconsin, Georgia, North Carolina, Ohio, Pennsylvania, and Virginia.
Asked whether they want their local authorities to legalize digital assets for payments, nearly one-third answered “yes.”

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Switzerland to Impose Anti-Money Laundering Rules on Crypto Providers: Report

1 day ago

The Swiss Financial Market Supervisory Authority – FINMA – would reportedly require local digital asset providers to take additional steps in preventing criminals from employing cryptocurrencies. The watchdog would also turn its sight towards bitcoin ATMs as it believes that drug dealers often use these machines.
FINMA Targets Criminals Operating with Crypto
According to a Finews report, Switzerland’s financial regulator – the Swiss Financial Market Supervisory Authority or simply FINMA – would closely supervise local crypto providers as an attempt to clamp down on money-laundering transactions.
Swiss platforms and brokers dealing with digital assets would have to enhance their monitoring efforts and observe if bad actors employ cryptocurrencies. The Bern-based watchdog

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Bitcoin Is Anti-Fragile, Says Morgan Stanley Executive

2 days ago

The Head of Counterpoint Global at Morgan Stanley Investment Management – Dennis Lynch – believes bitcoin has the ability to gain in times of economic disruption and he referred to the asset as “anti-fragile.”
‘Bitcoin Is Like Kenny from South Park’
In a recent conference, the American businessman and executive at Morgan Stanley – Dennis Lynch, revealed his positive stance on bitcoin. He sees it as “anti-fragile,” meaning that it could resist market disorders and even prosper when other assets would collapse. As such, Lynch made an interesting comparison between the leading cryptocurrency and one of the main characters in the award-winning animated series “South Park:”
“I like to say that bitcoin is kind of like Kenny from South Park, you know, the guy dies every episode

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Ripple Partners with Bhutan’s Central Bank to Pilot a CBDC

3 days ago

The Royal Monetary Authority (RMA) – Bhutan’s central bank – has joined forces with Ripple to launch a digital version of its national currency. The institution anticipates the initiative to boost the country’s financial inclusion by 85% in the next two years.
Ripple and Bhutan Shook Hands
The enterprise blockchain provider Ripple announced it would enable Bhutan’s central bank to employ its network to pilot a central bank digital currency:
“Today, we are proud to announce our partnership with Bhutan’s central bank, the Royal Monetary Authority (RMA), who will use Ripple’s CBDC solution to pilot a central bank digital currency (CBDC) in phases.”
By launching the move, the Royal Monetary Authority expects to “enhance digital and cross-border payments and expand financial

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US Treasury to Sanction Crypto Platform Suex for its Alleged Role in Ransomware Transactions

4 days ago

The United States Department of the Treasury plans to penalize cryptocurrency exchanges that assist in ransomware attacks. The first such sanctioned company would reportedly be the Czech Republic-based trading venue – Suex.
Suex to Face Sanctions
According to a recent report, Deputy Treasury Secretary Wally Adeyemo alleged Suex of facilitating operations involving “illicit proceeds from at least eight ransomware variants.” On top of that, he added that 40% of the exchange’s known transactions history is linked to illegal actors.
Adeyemo revealed that sanctioning Suex for its alleged role in laundering ransoms for cyberattacks would be the first such action by the Office of Foreign Assets Control against a cryptocurrency trading venue. He opined that exchanges of this type

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Tom Brady Wants to Get Part of His Salary in Bitcoin, Ethereum, and Solana

4 days ago

The legendary football player – Tom Brady – once again demonstrated his support towards the digital asset industry. He said he would “love” to receive some of his earnings in Bitcoin (BTC), Ethereum (ETH), or Solana (SOL) tokens.
‘The Digital Age Is Upon Us’
Tom Brady – the seven-time Super Bowl champion and arguably one of the greatest football players – is, by all means, a strong crypto proponent. During a recent interview with Jim Gray on the Let’s Go Sirius XM podcast, he revealed that he wants to get part of his NFL salary in digital assets instead of fiat currencies.
Apart from the two leading cryptocurrencies by market capitalization – Bitcoin and Ethereum – Brady also showed interest in one of the best performing blockchain projects this year – Solana:
“I’d love to

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Solana’s 17-Hour Outage Was Sad And Frustrating, Says FTX’s Sam Bankman-Fried

5 days ago

Sam Bankman-Fried – CEO of the cryptocurrency exchange FTX – opined that the 17-hour network outage which Solana (SOL) experienced last week was due to its rapid growth. He also said stablecoins are an essential part of the ecosystem and urged the US regulators not to ban them.
Solana Was Down Because It Grows Too Quickly
In a recent interview for Bloomberg, the Founder and CEO of FTX – Sam Bankman-Fried – shared his stance on hot topics such as Solana’s disruption and regulations of the digital asset industry.
Being a supporter of the blockchain project, the 29-year-old crypto billionaire described the 17-hour collapse of Solana’s network as “sad and frustrating:”
“It’s always sad when these happen, it’s always frustrating.”
Bankman-Fried explained what caused SOL’s

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Jim Cramer Urges for Caution in The Cryptocurrency Market Amid Evergrande Saga

5 days ago

CNBC’s Jim Cramer opined that the Evergrande debt crisis in China could keep causing severe disruption in financial fields, including the cryptocurrency market. He also advised people sitting on unrealized gains from their investments to take “something off the table” before losing it.
‘Don’t Let It Become a Loss’
The American TV personality Jim Cramer shared his stance on the recent crypto decline and the ongoing crisis with one of China’s leading real estate companies – Evergrande. He believes the firm’s issues are likely to keep harming the digital asset market in the near future. Consequently, he urged fellow crypto investors (like himself) to take some profits while it is time:
“If you own crypto in any form and you’ve got big gains, I recommend taking something off

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Steve Hanke Says BTC’s Fundamental Value is Zero, But Is It?

6 days ago

The prominent economist – Steve Hanke – once again revealed his negative stance on bitcoin. According to him, the primary cryptocurrency is highly volatile, uncertain, and has a “fundamental value of zero.”
Is BTC Really ‘Snake Oil?’
Steve Hanke – Professor of Applied Economics at the John Hopkins University – took it to Twitter to warn investors to stay away from bitcoin. The 78-year-old American – who is a well-known cryptocurrency critic – does not see the leading digital asset as a “true currency.” He went further, calling it “snake oil” that “the crypto bulls are selling:”
“Its extreme volatility, susceptibility to fraud, and uncertainty are all reasons why BTC will never be suitable as a true currency.”
Steve Hanke. Source: BloombergWhile bitcoin’s price fluctuations

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Freddie Mercury NFTs to Raise Funds for an AIDS Charity

6 days ago

Four non-fungible tokens (NFTs) artworks inspired by Freddie Mercury will be available for sale starting from today (September 20th) on SuperRare. The collectibles would mark the 75th birthday of the singer as the raised funds would support an AIDS charity.
‘Never Make Me Boring’
The NFT-dedicated platform SuperRare will host an exclusive non-fungible token collection of the iconic musician – Freddie Mercury – as a way to celebrate his 75th birthday that was supposed to be earlier this month. The digital artworks would depict the singer’s career and unique personality.
The auction will sell the NFTs for 75 hours starting today (September 20th). Proceeds from the initiative would go to the Mercury Phoenix Trust (MPT) – a charity organization that fights HIV/AIDS worldwide.

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Crypto Fraudster Gets Seven Years in Prison for Stealing $90 Million in a Ponzi Scheme

7 days ago

The 24-year-old Australian national – Stefan He Qin – will spend the next 90 months in federal prison for defrauding his customers out of $90 million. The courts also ordered him to forfeit nearly $55 million from the embezzled money.
The Road to Prison
According to a press release from the United States Department of Justice, Stefan Qin received a prison sentence for seven and a half years after stealing nearly $90 million from his clients.
The Australian was in charge of two cryptocurrency investment funds – Virgil Sigma and VQR as their headquarters were in New York. Both companies’ operational structure was to collect money from investors, which later to employ in arbitrage trading strategies. What’s more, they promoted themselves as “market-neutral,” meaning that the

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The Latest Crypto Adoption: Buyers Can Pay in Bitcoin for Manhattan Retail Properties

8 days ago

The New York-based property management company – Magnum Real Estate Group – would accept Bitcoin (BTC) as a payment method for the sale of three ground-level shops worth nearly $30 million located in Manhattan.
In addition, the Autism Science Foundation (ASF) announced it would allow people to make cryptocurrency donations. Initially, the non-profit organization would accept the following digital assets: Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), Litecoin (LTC), Bitcoin Cash (BCH), USD Coin (USDC), and Dai (DAI).
BTC Invading The Real Estate Industry
According to a recent report, one of the leading American property management firms – Magnum Real Estate Group – would enable buyers to use bitcoin for the purchase of three ground-level shops worth $29 million. BitPay –

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Bitcoin Can Become The Global Reserve Currency, Says SkyBridge’s Anthony Scaramucci

9 days ago

The American financier Anthony Scaramucci believes that bitcoin is a monetary standard that could one day become a global reserve currency. He explained the volatile nature of the digital asset with the fact that it is still in its early adoption days.
BTC Is Effective as a Monetary Network
During an interview with Natalie Brunell, the Founder and Managing Partner of SkyBridge Capital – Anthony Scaramucci – shared his stance on bitcoin’s merits and its future development.
The top executive scratched the topic of BTC’s volatility, saying that this is something normal for a relatively new asset class and compared it to Amazon. SkyBridge Capital’s CEO reminded that the e-commerce giant is now one of the leading companies, hinting that the primary cryptocurrency is also

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StanChart Chairman: Financial Institutions Need Cryptocurrency Presence

10 days ago

José Viñals – Chairman of the British financial institution Standard Chartered – believes that the cryptocurrency space is an area where every financial institution “needs to be present.” According to him, businesses dealing with digital assets will go through a significant growth period in time.
‘Crypto Is Here to Stay’
In a recent interview for CNBC, the Group Chairman of Standard Chartered – José Viñals – revealed his support for the cryptocurrency industry. He opined that monetary institutions engaged in digital asset endeavors would see “extraordinary development” in the future.
The 67-year-old Spaniard also expects large companies and prominent banks to follow StanChart’s example and jump on the crypto bandwagon in the following weeks:
“The cryptocurrency space is an

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South Korea to Delay Cryptocurrency Taxation Laws: Report

10 days ago

The ruling Democratic Party of South Korea intends to delay the upcoming taxation policy of digital assets. According to the officials, taxing bitcoin and altcoin investors still lacks proper infrastructure.
Delaying The Crypto Taxation
The Democratic Party of South Korea has objections in regards to the upcoming law that plans to start taxing gains made from cryptocurrency investments. According to a recent report, they have even passed a bill that could suspend the legislation, which should have gone into effect at the start of 2022.
The 64-year-old member of the ruling Democratic Party – Noh Woong-rae – opined that the Asian country does not have a well-designed plan to implement the taxing procedure. As such, delaying the initiative seems “inevitable:”
“In a situation

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Financial Institutions Are Coming Big Time for Bitcoin and Crypto, Says Binance CEO

10 days ago

Changpeng Zhao – Chief Executive Officer at Binance – opined that a growing number of traditional monetary institutions had turned their sight into cryptocurrencies recently, especially bitcoin. He also mentioned that the trading platform would change its structure to comply with the regulatory requirements.
Financial Institutions Are Flocking into BTC
In a recent interview for The South China Morning Post, Changpeng Zhao – Founder and CEO of Binance – shared his views on the latest trends in the crypto space. According to him, global financial institutions and investors have already realized the digital assets’ merits. With that said, they have started jumping on the cryptocurrency bandwagon, with bitcoin being their primary interest:
“The financial institutions are

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Venture Firm Raises $350 Million to Double Down on Its Cryptocurrency Involvement

11 days ago

Jump Capital – a Chigaco-based venture capital firm – decided to expand its cryptocurrency engagement by closing its latest fund at $350 million. The company has made 30 investments in the digital asset space in 2021 alone.
Jump Capital’s Seventh Fundraise
The American venture capital firm – Jump Capital – closed its largest fundraising round to date – $350 million. By doing so, the company intends to invest in cryptocurrency sectors like Web 3.0, DeFi, and blockchain and financial applications.
Peter Johnson – a top executive at Jump Capital – noted that the digital asset industry has accelerated with fast temps recently. As such, his company did not want to miss its chances of getting even further involved into the space:
“Crypto is becoming real and the adoption was

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Fidelity Urges The SEC to Greenlight Its Bitcoin ETF Application

11 days ago

The American financial services corporation – Fidelity Investments – urged the U.S. Securities and Exchange Commission (SEC) to approve its Bitcoin exchange-traded fund. According to the company, the regulator should allow the initiative as investors’ demand for digital assets has significantly increased recently.
Looking for The SEC’s Approval
According to a recent filing, the multinational investment management giant – Fidelity Investments – pressured the U.S. Securities and Exchange Commission to approve its Bitcoin exchange-traded fund (ETF) during a private meeting held on September 8th. Participants in the conversation were the President of Fidelity Tom Jessop, six other executives of the company, and numerous SEC officials.
The firm’s representatives cited many

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Despite The Pressure from Coinbase, Estonia Would Not Open Its Doors for Bitcoin Yet

11 days ago

The Prime Minister of Estonia – Kaja Kallas – opined that the country should be very cautious about employing cryptocurrencies in its economic system. She added that even one of the leading digital asset exchanges – Coinbase – urged the government of the small Baltic nation to make Bitcoin legal tender. As of the moment, though, Kallas does not feel “positive about this.”
Following El Salvador’s Move Is Not on The Horizon
The recently elected Prime Minister of Estonia – Kaja Kallas – seems to have a rather negative stance on cryptocurrencies. The 44-year-old leader of the Reform Party believes that digital assets play a huge role in cyberattacks and ransomware. As such, the EU member is reluctant to embrace them at this stage:
“We are sensitive to these issues, and the

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Coinseed Ordered to Halt Its ‘Illegal And Fraudulent Operations’ Related to Dogecoin

12 days ago

The New York Attorney General (NYAG) – Letitia James – won the case against the cryptocurrency trading venue Coinseed. Following the court decision, the platform must shut down after it defrauded its customers by converting their funds into Dogecoin (DOGE) without permission.
NYAG Scores a Victory against Coinseed
According to a recent press release, Letitia James – New York Attorney General – won a court order against the digital asset exchange Coinseed and its Chief Executive Officer – Delgerdalai Davaasambuu.
Coinseed was illegally selling securities. It also acted as a broker-dealer without the necessary authorization before sinking millions of the investors’ funds into DOGE without consent. For those fraudulent actions, the court ordered the trading venue to

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Decreasing Mania? NFT Trading Volumes Have Started to Decline

12 days ago

Investors’ appetite for trading non-fungible tokens (NFTs) seems to have significantly decreased after the all-time highs recorded in August. In fact, during the last three days, Ethereum-based NFT trading volumes have not surpassed $100 million, while at the end of August, they exceeded $500 million for a single day.
NFT Trading Volumes Heading South
According to a recent analysis by Alex Thorn – Head of Firmwide Research at Galaxy Digital – non-fungible tokens’ daily trading volumes have continuously declined every day after the start of September.
For example, on September 1st and 2nd, the NFT marketplace was near $300 million, while after September 10th, it has struggled under $100 million. On the contrary, the trading volumes were registering consecutive all-time high

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MoneyLion to Offer Cryptocurrency Services to Its Clients Starting With Bitcoin and Ethereum

13 days ago

The American fintech company – MoneyLion – announced it would enable users to trade digital assets via its all-in-one financial services application. While initially clients would be able to operate only with Bitcoin and Ethereum, the firm intends to add more cryptocurrencies to the offering in the future.
MoneyLion Joins The Crypto Trend
According to a recent press release, the US mobile financial technology company – MoneyLion – launched a new cryptocurrency service to its customers. The firm allowed them to buy and sell Bitcoin (BTC) and Ethereum (ETH) within its all-in-one app. Adding the two leading digital assets is only an initial process as MoneyLion plans to include numerous other cryptocurrencies.
Dee Choubey – co-founder and CEO of the fintech company – praised

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Gold Is Safe Like a Volvo, Bitcoin Is Like a Ducati Panigale, Says Austrian Investor

13 days ago

The Austrian investor – Ronald-Peter Stoeferle – opined that bitcoin’s USD value would skyrocket with unimaginable temps in the next decade. Still, he believes that the primary cryptocurrency would never flip gold praising the precious metal as the most secure financial instrument. As such, he made a compelling argument that gold operates as a safe Volvo, while BTC is a wild ride like a Ducati.
How Does BTC’s Future Look Like?
In a recent interview for Kitco News, Ronald-Peter Stoeferle – Managing Partner and Fund Manager at Incrementum AG – gave his two cents regarding the merit of the cryptocurrency and its correlation to gold.
The author of the “In gold we trust” report said bitcoin and the yellow metal are actually very similar financial tools. In his opinion, they are

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Adoption: You Can Now Pay For Parking Tickets In Bitcoin Across Europe

21 days ago

The Belgian digital parking start-up – Seety – allowed customers of the application to pay for parking sessions in Antwerp and Brussels with Bitcoin (BTC). Apart from the primary cryptocurrency, the option includes six other digital assets such as Ethereum (ETH) and Dogecoin (DOGE).
Separately, the e-commerce giant ShopCom has allowed its customers to make purchases with various cryptocurrencies as well.
Park Your Car – Pay in Crypto
According to a report by the local media DataNews, the Belgian application – Seety – enabled clients to purchase parking tickets with cryptocurrencies. As of the moment, the offer applies only to the cities of Brussels and Antwerp.
Customers who want to take advantage of the new crypto option should purchase Seety credits via the app.

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Survey: Every Sixth Australian Owns Crypto as Bitcoin Maintains Popularity Crown

22 days ago

According to a recent research, 17% of Aussies have some cryptocurrency holdings. Bitcoin is still the most popular digital asset while Ethereum and Dogecoin ranked respectively second and third.
What is The Crypto Trend in Australia?
Finder’s Consumer Sentiment Tracker – a nationally representative survey of 1,000 Australians conducted by Qualtrics – revealed that one in six locals had entered the digital asset market.
Most hodlers answered they purchased cryptocurrency assets to diversify their portfolio (30%). Bitcoin and the altcoins going up in value ranked as the second-most popular answer with 24%, while 17% are crypto owners because of fear of missing out (FOMO).
Men (23%) are nearly twice as likely to own digital assets as women (11%). However, the proportion of

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Bitcoin is Superior to Gold According to 77% of Russian Investors: Survey

22 days ago

According to a recent survey, around three-quarters of Russian investors consider cryptocurrencies a better investment tool than gold. Less than 9% opined that the precious metal is superior, while 14% believe “familiar national currencies” are the best choice.
Russians Prefer Crypto Than Gold
The residents of the largest country by landmass seem to have a high opinion on digital assets. A recent research conducted by Russia’s Association of Forex Dealers (AFD) revealed that around 77% of the local investors find them the “most forward-looking” investment.
“Familiar national currencies” ranked second as a preferable financial instrument, taking 14% of the votes. Interestingly, only 8.8% picked gold, which many consider the most secure asset for a store of value and a safe

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Australia, Singapore, Malaysia, and South Africa to Conduct a Mutual CBDC Project: Report

24 days ago

The central banks of Australia, Singapore, Malaysia, and South Africa will reportedly launch a trial program to test cross-border payments employing different CBDCs. Their mission: to determine whether the move would enable more accessible transactions.
The Multinational Partnership
Central bank digital currencies appear to be an attractive financial instrument for numerous countries across the globe since many are exploring them as a financial instrument. While governments prefer to explore the matter individually, the central banks of four different nations would use a rather unusual approach.
According to a report by Reuters, Australia, Singapore, Malaysia, and South Africa would join forces to organize a cross-border payments trial using multiple CBDCs. The central

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Sberbank Expects to Register its Blockchain Platform in The Next Two Weeks

24 days ago

The largest bank in Russia – Sberbank – plans to register its blockchain platform with the Bank of Russia by mid-September. The financial institution has also started creating functionality for issuing digital financial assets (DFA) of third parties.
Sberbank’s Next Crypto Move
According to a recent report by the Russian media TASS, the local banking giant – Sberbank – is on its way to register a blockchain-based platform for issuing digital assets with Russia’s central bank.
Anatoly Popov – Deputy Chairman of the Board of Sberbank – stated that the initiative should be completed by mid-September. He added that Sber has already started to create functionality for the issue of DFA by third parties. This option should be ready for customers by the end of 2021:
“We want the

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Binance US Targets IPO in The Next Three Years, Says Changpeng Zhao

24 days ago

Changpeng Zhao – Founder and Chief Executive Officer of Binance – said the US arm of the cryptocurrency exchange could follow Coinbase and have an initial public offering in the next 36 months.
In a recent interview with The Information, the head of Binance – Changpeng Zhao – revealed that Binance.US – the company’s affiliate in the States – plans to launch an IPO in the next three years:
“Binance.US is just going to do what Coinbase did.” – said Zhao.
Coinbase – another leading cryptocurrency exchange – became the first major company in the field to have its shares publicly traded. In mid-April, when the platform had its IPO, it started trading on Nasdaq at a price of around $400. As of now, though, the COIN shares have dropped to around $265.
During his interview,

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Most Europeans Want Local Governments to Regulate Crypto, Not The EU: Survey

25 days ago

According to recent research, around 60% of Europeans prefer their own countries to regulate digital assets rather than the European Union. Interestingly, a growing number of people believe the creation of national digital currencies would grant their nations some financial independence from the EU.
Crypto Regulations Coming from The EU Is Not Preferable
A survey conducted among 31,000 participants from 12 different countries – all part of the European Union – revealed that the vast majority, around 60%, would want their own authorities to regulate cryptocurrencies. On the other hand, roughly 25% believe that the EU would serve as a better watchdog.
Taking a closer look, the residents of the Netherlands and those of Estonia are the biggest supporters of their own

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