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đď¸ The U.S. House of Representatives Financial Services Committee announces a closed hearing on 'Efforts to eradicate terrorist financing and review of sanctions' scheduled for midnight Korean time on the 9th. Specific discussion details are yet to be disclosed. #FinancialServices #CryptoRegulation đ
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#ElonMusk. thought's on Bitcoin
Elon Musk said that he no longer thinks that much about cryptocurrency. âI don't spend a lot of time thinking about cryptocurrency â hardly any at all,â Musk said in an X space conversation with Ark Invest #Ceo Cathie Wood on Dec. 21, in response to Wood's question on bitcoin's potential impact on the #FinancialServices .
He also says âI have thought for a long time about money and the nature of money,â Musk continued. âWhat is money? It's really a database for resource allocation.â
Muskâs comment comes as his firm #Tesla appears to continue to hold digital assets on its balance sheet. Teslaâs third-quarter results showed that the company held $184 million worth of digital assets at the end of September.
The electric vehicle maker has the third-largest bitcoin holdings among publicly traded companies, following MicroStrategy and Marathon Digital Holdings, according to data from bitcointreasury.net. Tesla also accepts Dogecoin for payment.
Elon Musk said that he no longer thinks that much about cryptocurrency. âI don't spend a lot of time thinking about cryptocurrency â hardly any at all,â Musk said in an X space conversation with Ark Invest #Ceo Cathie Wood on Dec. 21, in response to Wood's question on bitcoin's potential impact on the #FinancialServices .
He also says âI have thought for a long time about money and the nature of money,â Musk continued. âWhat is money? It's really a database for resource allocation.â
Muskâs comment comes as his firm #Tesla appears to continue to hold digital assets on its balance sheet. Teslaâs third-quarter results showed that the company held $184 million worth of digital assets at the end of September.
The electric vehicle maker has the third-largest bitcoin holdings among publicly traded companies, following MicroStrategy and Marathon Digital Holdings, according to data from bitcointreasury.net. Tesla also accepts Dogecoin for payment.
Ciao,
I share a very promising project in DeFi, Retik Finance.
Retik Finance innovates in DeFi with its Futuristic DeFi Debit Cards, Smart Crypto Payment Gateway, AI-Powered Peer-to-Peer (P2P) Lending and Multi-Chain Non-Custodial Highly Secured DeFi Wallet, aiming to redefine global transactions.
Use this link for more info: https://wn.nr/HCn7xPG
Always do your own research before any investement.
#DeFi #RetikFinance #DebitCard #FinancialServices
I share a very promising project in DeFi, Retik Finance.
Retik Finance innovates in DeFi with its Futuristic DeFi Debit Cards, Smart Crypto Payment Gateway, AI-Powered Peer-to-Peer (P2P) Lending and Multi-Chain Non-Custodial Highly Secured DeFi Wallet, aiming to redefine global transactions.
Use this link for more info: https://wn.nr/HCn7xPG
Always do your own research before any investement.
#DeFi #RetikFinance #DebitCard #FinancialServices
Regulatory Scrutiny on Merchant Bankers
đ§ SEBI Targets Merchant Bankers with Stricter Norms đ§
The Securities and Exchange Board of India (SEBI) has proposed stricter regulations for merchant bankers, aiming to close loopholes that allow them to bypass enforcement. These changes are expected to have a significant impact on financial services, including those connected to the crypto market.
The new norms could lead to increased transparency and accountability, but they may also introduce additional hurdles for companies looking to raise funds. Crypto enthusiasts and investors should watch closely as these regulations could reshape the landscape for crypto-related financial services in India.
#SEBI #Regulation #CryptoRegulations #FinancialServices
đ§ SEBI Targets Merchant Bankers with Stricter Norms đ§
The Securities and Exchange Board of India (SEBI) has proposed stricter regulations for merchant bankers, aiming to close loopholes that allow them to bypass enforcement. These changes are expected to have a significant impact on financial services, including those connected to the crypto market.
The new norms could lead to increased transparency and accountability, but they may also introduce additional hurdles for companies looking to raise funds. Crypto enthusiasts and investors should watch closely as these regulations could reshape the landscape for crypto-related financial services in India.
#SEBI #Regulation #CryptoRegulations #FinancialServices
The Appeal of Cryptocurrency
The appeal of cryptocurrency lies in its potential to revolutionize the way we conduct transactions, store value, and interact with financial systems.
Some of the key advantages include:
âDecentralization: #Cryptocurrencies operate independently of a central authority, giving users more control over their assets.
âSecurity: The cryptographic nature of these digital assets makes them highly secure, reducing the risk of fraud and hacking.
âGlobal Reach: Cryptocurrencies can be sent and received anywhere in the world, providing access to #FinancialServices for people in regions with limited banking infrastructure.
âTransparency: Blockchain technology offers a transparent and immutable record of all transactions, fostering trust and accountability.
â˘ď¸ Challenges Facing Cryptocurrency
Despite its many advantages, cryptocurrency also faces significant challenges. Regulatory uncertainty is one of the biggest hurdles, as governments around the world grapple with how to regulate these #digitalassets .Additionally, the volatility of cryptocurrencies has been a major concern for investors, with prices often experiencing dramatic fluctuations in short periods.
There is also the issue of scalability. As more people use cryptocurrencies, the networks can become congested, leading to slower transaction times and higher fees. Projects like #ethereum2.0 and the Lightning Network for Bitcoin are working to address these scalability issues.
đŽ The Future of Cryptocurrency
The future of cryptocurrency is both exciting and uncertain. On one hand, the adoption of digital assets continues to grow, with more businesses and individuals embracing them for transactions, investments, and even as a hedge against inflation. On the other hand, the regulatory landscape remains in flux, and the long-term viability of many cryptocurrencies is still up for debate.
One of the most promising developments is the rise of #decentralizedfinance (DeFi), which aims to recreate traditional financial systems, like lending and borrowing, on the blockchain. This could potentially disrupt the traditional financial industry, offering more inclusive and accessible financial services.
â ď¸ Don't forget to VOTE đ me on my Profile for the next 13 days â ď¸
â Your one vote matters alot
Some of the key advantages include:
âDecentralization: #Cryptocurrencies operate independently of a central authority, giving users more control over their assets.
âSecurity: The cryptographic nature of these digital assets makes them highly secure, reducing the risk of fraud and hacking.
âGlobal Reach: Cryptocurrencies can be sent and received anywhere in the world, providing access to #FinancialServices for people in regions with limited banking infrastructure.
âTransparency: Blockchain technology offers a transparent and immutable record of all transactions, fostering trust and accountability.
â˘ď¸ Challenges Facing Cryptocurrency
Despite its many advantages, cryptocurrency also faces significant challenges. Regulatory uncertainty is one of the biggest hurdles, as governments around the world grapple with how to regulate these #digitalassets .Additionally, the volatility of cryptocurrencies has been a major concern for investors, with prices often experiencing dramatic fluctuations in short periods.
There is also the issue of scalability. As more people use cryptocurrencies, the networks can become congested, leading to slower transaction times and higher fees. Projects like #ethereum2.0 and the Lightning Network for Bitcoin are working to address these scalability issues.
đŽ The Future of Cryptocurrency
The future of cryptocurrency is both exciting and uncertain. On one hand, the adoption of digital assets continues to grow, with more businesses and individuals embracing them for transactions, investments, and even as a hedge against inflation. On the other hand, the regulatory landscape remains in flux, and the long-term viability of many cryptocurrencies is still up for debate.
One of the most promising developments is the rise of #decentralizedfinance (DeFi), which aims to recreate traditional financial systems, like lending and borrowing, on the blockchain. This could potentially disrupt the traditional financial industry, offering more inclusive and accessible financial services.
â ď¸ Don't forget to VOTE đ me on my Profile for the next 13 days â ď¸
â Your one vote matters alot