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Hak-Kun Hyun Baek ⚑
27217093e83ec6289df7562811e01af5f7966870b88fad9169e7bf10c434fdda
Interested in economics, politics and cryptocurrencies. hakkunhyunbaek@walletofsatoshi.com β‚Ώmildlylingo92@phoenixwallet.me

It's a beautiful inevitable shit!!! But Brazil is doing it differently... From what I understand it will be an ecosystem. The Brazilian economy is already very digitized, the PIX a way to send money quickly, in less than a second, already moves trillions of real. That is, there is already a kind of CBDCS, as everything that is traded within the PIX the central bank already has access to.

BREAKING: πŸ‡§πŸ‡· Brazil's central bank introduces REAL DIGITAL pilot, a straightforward solution built on the #Ethereum Blockchain. This innovative system utilizes ERC-20 technology, marking a significant step towards digitalization of the national currency. #Brazil #CentralBank #DigitalCurrency #Blockchain

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πŸ’‘I found this image very interesting, it breaks down the most profitable US companies by industry.

https://nostrcheck.me/media/public/nostrcheck.me_2758615616777380181688513478.webp

The Taliban's order to close beauty salons and hairdressers in Afghanistan represents another oppressive action against women in the country. These spaces were vital for women, who are facing increasing restrictions on their freedoms. The international community must continue to raise awareness and support the rights of Afghan women. #Afghanistan #WomenRights #Taliban

🚨 NATO has extended Jens Stoltenberg's mandate as Secretary-General for another year. The former Norwegian Prime Minister has been leading the alliance's top civilian authority since 2014. His term, originally set to expire in 2022, was extended after Russia's invasion of Ukraine. Stoltenberg stated that the "connection between Europe and North America (...) is more vital than ever" in an "increasingly dangerous world." #NATO #Leadership #Security

BREAKING: πŸ‡ΊπŸ‡Έ Federal judge blocks Biden admin from contacting social media companies to censor information.

Great victory!! πŸš€πŸŽ†

πŸ—žοΈ Spain's largest bank, Santander, has stated that Bitcoin's Lightning Network has the potential to scale to more than 1 million transactions per second, compared to the 20,000 transactions per second processed by #VISA. This increased scalability could drive the adoption and usefulness of #Bitcoin as an efficient form of payment.

Lightning Network technology enables instant, low-cost transactions on the #Bitcoin network, making it a promising solution for handling increased demand and facilitating large-scale transactions.

#Bitcoin #LightningNetwork #Scalability

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πŸ‡ΏπŸ‡¦ South Africa is set to introduce licensing requirements for cryptocurrency trading platforms operating in the country. The Financial Sector Conduct Authority (FSCA) has already received approximately 20 license applications since they became available a few weeks ago. With the deadline set for November 30, more applications are anticipated. Regulation efforts aim to enhance oversight and consumer protection in the cryptocurrency industry. #SouthAfrica #CryptoRegulation

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πŸ‡ΈπŸ‡¬ Singapore's Minister of Finance, Lawrence Wong, is set to take on key leadership roles in the financial sector. He will become the Chairman of the Board of Directors at the Monetary Authority of Singapore (MAS) and the Chairman of the Investment Strategy Committee (ISC) at the Singapore Government Investment Corporation (GIC). With MAS being the regulatory authority for cryptocurrencies in Singapore, this move highlights Wong's involvement in shaping the country's crypto regulations. #Singapore #Finance #CryptoRegulation

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πŸ“ˆ The US Bitcoin ETF market is becoming more competitive as top asset managers seek spot Bitcoin ETFs.

The launch of the BlackRock spot Bitcoin ETF has led to increased inflows into futures-based Bitcoin ETFs. The largest US ETF recorded a daily trading volume exceeding $500 million by the end of June, a milestone achieved only four times since its inception. Despite the rejection of over 30 spot ETF applications, a 2x leveraged ETF was recently approved.

#Bitcoin #ETF #CryptoNews

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πŸ‡°πŸ‡· South Korea approves crypto bill for user protection

The National Assembly of South Korea has passed the Virtual Asset User Protection Act, marking a significant step towards establishing a legal framework for virtual assets in the country. The legislation, compiled from 19 proposals by lawmakers, defines digital assets and imposes penalties for unfair transactions. Service providers will be required to segregate user assets, maintain insurance, hold reserves in cold wallets, and keep records of all transactions.

The bill grants authority to the Financial Services Commission to supervise and inspect service providers, while the Bank of Korea can request data from them. This legislation represents South Korea's initial move towards a comprehensive legal structure for digital assets. It will go into effect next year, and it comes as a response to increased scrutiny following investigations into domestic legislators' crypto holdings and the collapse of Terraform Labs last year.

#SouthKorea #CryptoLegislation #VirtualAssets #FinancialServices #LegalFramework

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πŸš€ Anthony Pompliano, Bitcoin advocate, remains optimistic that the SEC will eventually approve the Bitcoin spot ETF, citing growing institutional interest and market demand.

#Bitcoin #ETF #SEC #Crypto #Investing

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πŸ†• Important notice for KuCoin users: To access the full range of services offered by KuCoin, your KuCoin account must be verified by July 15th.

#KuCoin #Verification #Deadline #CryptoExchange

Good morning my friends!! πŸ’ͺ🏻