Bahrain telecoms Group, recently its partnership arrangement with payment service provider #Financial Services has created an opening that allows clients to pay #bills using #crypto . Statement,“strong focus on advancing Bahrain’s fintech sector as world-class digital enablers”

Future focus will be on corporate earnings in the coming weeks🫡

Looking ahead, the next few weeks will be all about corporate earnings, with banks and financials kicking things off this week. The focus will be on the adjustments to their loan provisions, as well as forward guidance of what the impact of higher rates and post-SVB regulation costs would have on their portfolios. Regardless, the stage feels to be set for an 'all clear' rally with stocks vulnerable to capitulation-squeeze over the summer, with visions of the late-stage 1997-99 rally being brought up as a possible comparison, with notable similarities in the Fed cycle and investment narrative of today's AI revolution being compared to the early dot-com euphoria.

#banks #Financial #loans #SVB #stocks

🚀💡 Important Tips for Successful Trading 💡🚀

Before diving into trading, remember these crucial points:

1️⃣ Protect your financial well-being. Only invest what you can afford to lose without jeopardizing your life.

2️⃣ Practice extensively before engaging in live trading. Familiarize yourself with charts, levels, and strategies through paper trading.

3️⃣ Capital preservation is key. Implement stop-loss and risk management strategies diligently to safeguard your investments.

4️⃣ Follow the trend. Utilize weekly timeframes and moving averages to identify market trends and trade accordingly.

5️⃣ Stay objective. Avoid emotional attachment to assets and focus on profit-making opportunities. Trade the chart, not your emotions.

6️⃣ Cut losses swiftly. Don't linger in losing trades hoping for a turnaround. Exit promptly and reassess your strategy.

7️⃣ Plan meticulously. Define your entry, exit, and invalidation points before entering a trade. Rely on your own analysis rather than following others' opinions blindly.

8️⃣ Keep it simple. Trading doesn't require complex tools or multiple monitors. What you need is a well-thought-out plan and disciplined execution.

9️⃣ Practice, practice, practice. Continuously refine your skills by trading with the trend and learning from market feedback.

🔟 Embrace the journey. Trading can be immensely rewarding with the right approach and mindset.

Stay informed, stay disciplined, and trade wisely! 💰💼 #Trading Tips #Financial Wisdom #Stay Disciplined 📈📊
$BTC $ETH
#HotTrends #Write2Erarn > #CryptoEducation💡🚀

- **FDIC's #Annual Risk Review**: The Federal Deposit Insurance Corporation (FDIC) has identified digital assets as presenting "novel and complex risks" that challenge assessing their impact on capital markets and banking institutions, as stated in its latest annual risk review.

- **Inclusion of #Digital Assets Section**: The 2023 report includes a dedicated section on digital assets, marking the first time such a section has been included in the FDIC's annual review.

- **Ongoing Monitoring of #crypto Activities**: The FDIC, along with other federal banking agencies, is continuously monitoring crypto-related activities within banking organizations. The agency is prepared to issue further statements as necessary to address evolving risks in the crypto space.

- **Addressing Misrepresentation of Deposit Insurance**: The risk review highlights the FDIC's action against more than 85 businesses for misrepresenting deposit insurance details. The agency has been actively addressing this issue.

- **Consumer #Financial Protection Bureau's Warning**: The Consumer Financial Protection Bureau (CFPB) previously warned about the risks associated with digital payment apps like Venmo and PayPal due to the absence of FDIC coverage.

- **#Regulating Crypto Space**: The FDIC has demanded that crypto exchange OKCoin cease making alleged false claims about being insured. The agency aims to provide specific supervisory feedback and engage in discussions with banking organizations involved in crypto activities, reflecting its focus on addressing risks posed by the dynamic nature of the crypto industry.

$BTC $ETH $BNB

- The Taiwan #Financial Supervisory Commission has drafted 13 guiding principles, which are set to be officially announced in September 2023, to provide clarity on legal behavior and penalties for non-compliance in the virtual #asset industry.

- Notable points from the draft principles include barring overseas companies from advertising and soliciting business in Taiwan if they fail to comply with regulations.

- Regulated businesses can issue #virtual assets, provided they provide a detailed white paper with issuer information, issuance details, subscription conditions, and potential climate impact of the consensus mechanism.

- Issuance of #stablecoins is prohibited due to concerns about the stability of the national sovereign currency.

- #Exchanges are required to establish listing and delisting review procedures and maintain records of operational processes.

- Clear separation of "company assets" and "user assets" is mandatory.

- Collaboration with banks for anti-money laundering obligations such as customer identity confirmation and transaction monitoring is compulsory.

- Exchange operators must define and implement policies for hot and cold wallet storage ratios to protect user assets.

- Engaging in illegal virtual asset derivative financial product trading or security-related virtual asset businesses may lead to imprisonment of up to 7 years and a fine of up to 3 million New Taiwan dollars.

- These guiding principles aim to offer clarity and transparency to industry players, fostering a compliant environment for virtual asset businesses in Taiwan.

$BTC $ETH $BNB

⚡️Reasons why people use crypto as a financial transaction (according to a report by the US Federal Reserve):

21% - Recipients prefer crypto
21% - Sending and receiving crypto is faster than regular money
20% - Crypto provides privacy
13% - Crypto is cheaper
9% - Crypto is safer
5% - Distrust of banks
10% - Other reasons

📈Crypto_Shekar
#cryptocurrency #transactions #Financial

- **El Salvador's Bond Market Rebound**: El #Salvador's bond market has experienced a significant rebound, with its dollar bond return rate soaring to 70%, making it the top-performing bond in emerging markets.

- **Interest from #Financial Institutions**: Major financial institutions like JPMorgan Chase & Co., Eaton Vance, and PGIM Fixed Income have shown interest in El Salvador's bonds, either through hints or direct purchases. This signals their confidence in the bonds' ongoing positive trajectory.

- **Bitcoin's #Introduction and Impact**: President Nayib Bukele declared Bitcoin as the official currency of El Salvador in 2021 and introduced Bitcoin Volcano Bonds. These bonds have faced limited adoption, and this move led to some major companies downgrading El Salvador's bond market due to perceived vulnerabilities.

- **Mitigation of Concerns**: President Bukele addressed bond market concerns by implementing two debt buybacks, enlisting a former International Monetary Fund (IMF) advisor, and successfully repaying $800 million in bonds. These actions helped restore confidence in the bond market.

- **Bond #Market Transformation**: Despite initial hesitations and downgrades, El Salvador's bond market has undergone a transformation, marked by the successful measures taken by President #Bukele to address concerns and enhance the market's stability. This has resulted in a substantial rebound and increased investor interest.

$BTC $ETH $BNB

The financial situation in the United States remains excellent👍👍

US Financial Conditions eased materially in the past week again, thanks to the large rally in US bonds as well as a continued risk-on move in US equities as well as the trade weighted USD. Furthermore, US economic data has clearly been surprising to the upside along with a palpable improvement in the current activity data, leading to a corresponding improvement in Q2 GDP estimates.

#Financial #USA #bond #USD #GDP