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UK Fintech Investment Fell Nearly 60% in 2022: KPMG Report.
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#fintech
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#KPMG
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Bolivia Embraces Crypto by Lifting Four-Year Ban. 🇧🇴 The Central Bank of Bolivia (BCB) has officially reversed its four-year ban on cryptocurrencies, permitting financial institutions to conduct digital asset transactions through authorized channels. This decision marks a significant shift in Bolivia's financial landscape, aligning the nation with global trends in digital finance. Bolivia's Cautious Approach While embracing cryptocurrencies, Bolivia maintains a cautious approach. The Boliviano remains the official currency, and businesses are not required to accept crypto payments. The BCB's proactive educational initiative aims to equip citizens with the knowledge needed to navigate the world of digital assets safely. A Step Towards Modernization Bolivia's decision to lift the crypto ban reflects a commitment to modernizing its financial system and staying competitive in the global economy. As the country navigates the complexities of digital finance, it remains dedicated to protecting its citizens and fostering a responsible approach to cryptocurrency adoption. #Bolivia #BCB #CentralBankOfBolivia #BankOfBolivia
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Metta Protocol's revenue model is designed to offer users sustainable and increasing earnings through content consumption and a distinctive referral system. They are excited to announce the distribution of 80% of their Metta token supply, which amounts to 200,000,000 Metta tokens, via Airdrop. Their objective is to reach 1 million users. Stay tuned for more updates and join Metta Protocol in this exciting journey! #Web3 #AudioFi #MettaProtocol #Metta #airdrop
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Russian President Vladimir Putin: 🇷🇺 The West constantly prints money. Money alone does not feed you. People need food. They increase inflation by printing money. The poor are getting poorer. The elites of the West do not want to solve the increasing food and financial crisis in the world. what do you think about this. 💬 #Russia #Putin #Moscow #Russian
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Turkey Exits FATF Grey List: A New Era for the Financial Systemy. 🇹🇷 The Financial Action Task Force (FATF) announced on June 28, 2024, that it has removed Turkey from the grey list due to its success in combating money laundering and terrorist financing. This decision marks a significant victory resulting from efforts since 2021. 📍Meaning and Effects of the Decision The Ministry of Treasury and Finance emphasizes that this development will strengthen confidence in the financial system and facilitate the achievement of economic goals. Additionally, it aims to increase the capacity of relevant institutions, especially MASAK (Financial Crimes Investigation Board). Vice President Cevdet Yılmaz states that the decision will accelerate the inflow of international resources, reduce borrowing costs, and positively affect both the financial and real sectors. According to Yılmaz, capital flow will increase, interest in the Turkish lira will strengthen, and the disinflation process will gain momentum. 📍FATF Evaluations In FATF's decision text, Turkey's progress in areas such as financial intelligence, supervision, investigation, asset recovery, and counter-terrorism is detailed. Supervision of non-profit organizations and the implementation of UN sanctions are also notable developments. 📍A Secure Step for Turkey Turkey's exit from the grey list is seen as a significant step that will enhance its reliability in the international financial system and contribute to its economic stability. This situation may help attract more capital to the country by increasing investor confidence. The statements from the Ministry of Treasury and Finance and Vice President Cevdet Yılmaz's evaluations indicate that this decision will provide long-term benefits for Turkey. #FATF #Turkey #MehmetŞimşek #CevdetYılmaz #MASAK
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