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Approval for $BTC from the Country That Called for Banning Bitcoin and Cryptocurrencies! According to Bloomberg Law, Hungary intends to let banks, investment funds, and asset managers to provide Bitcoin and cryptocurrency services. The Hungarian government would let banks to provide Bitcoin and cryptocurrency services, according to the draft that was developed. The rule on cryptocurrency services was drafted as part of the endeavor to implement the necessary EU legislation, according to the draft law created by the Ministry of Economy. In Hungary, the central bank will be in charge of regulating cryptocurrency services. #TrendingTopic #Blockchain #regulations

Approval for $BTC from the Country That Called for Banning Bitcoin and Cryptocurrencies!

According to Bloomberg Law, Hungary intends to let banks, investment funds, and asset managers to provide Bitcoin and cryptocurrency services.

The Hungarian government would let banks to provide Bitcoin and cryptocurrency services, according to the draft that was developed.

The rule on cryptocurrency services was drafted as part of the endeavor to implement the necessary EU legislation, according to the draft law created by the Ministry of Economy.

In Hungary, the central bank will be in charge of regulating cryptocurrency services.

#TrendingTopic #Blockchain #regulations

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Wormhole's W Token Sets Stage for Multi-Chain Dominance in 2024 Wormhole, the prominent cross-chain messaging protocol, has unveiled an ambitious roadmap for its native token, W. This roadmap positions W to become a major player in the ever-evolving realm of blockchain governance. The W token's rollout will occur in phases. Phase 1 focuses on establishing a strong foundation by launching W as a native SPL token on the Solana network. Solana's rapid growth and vibrant ecosystem make it an ideal platform for W's debut. Phase 2 marks a significant expansion. W ventures beyond Solana, leveraging Wormhole's connections to Ethereum Virtual Machine (EVM) chains. This phase introduces Wormhole Native Token Transfers (NTT), a novel framework enabling W transfers across blockchains without liquidity pool limitations. The implication? Seamless W transfers across not just Solana, but also Ethereum mainnet and various layer-2 solutions. This eliminates liquidity fragmentation, a persistent challenge in the cross-chain space. Looking ahead, Wormhole's vision for W extends beyond mere token transfers. The protocol aspires to revolutionize blockchain governance with a multichain approach. W holders will have the opportunity to lock and delegate their tokens, empowering them to participate in shaping the future of the Wormhole ecosystem. By harnessing the strengths of both Solana and EVM chains, Wormhole paves the way for a more inclusive and decentralized governance structure. This paves the way for a future where W plays a central role in the evolution of blockchain governance. Overall, Wormhole's roadmap for the W token presents a compelling vision. W's multi-chain ambitions, coupled with its role in governance, position it to be a major force in the cryptocurrency landscape throughout 2024 and beyond. #Binance
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