As international adoption of cryptocurrency continues to boom, numerous governments have released reports in regards to the prospects of this new asset class, and industries have been actively integrating with the blockchain. US Congress has shown to be very bullish on crypto, initiating very lax regulations, most of which are targeting scams and fraud. A number of US states have also been actively bidding to become tax havens for this new market.
The G20 summit has been very welcoming for crypto, labeling it as an asset, rather than a currency, and decided not to implement any new regulations until the month of July. They have deemed it an unlikely threat to the stability of global finance, considering the market cap is less than 1% of global GDP.
Tether (USDT) has also recently passed their audit and presumably proven that they are backed by USD fiat. They have been holding off from printing more Tethers, but just this morning, they granted another 300 million USDT.
"No one invites you to have a seat at the table. What happens in the real world every couple of decades is that a window of opportunity opens up and someone rapidly innovates and deploys something at scale. They are then brought to the table,”
The window of opportunity is now, cryptocurrency has solidified its position in the future of the world.
For proper guidance and profit in this volatile market, follow us !!!