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Jack Dorsey's tweet between offers Malaysia-based entrepreneur Sina Estafi purchased NFT for 1,630.6 ETH, equivalent to about $2.9 million at the time. Estafi compared the tweet to Leonardo da Vinci's Mona Lisa. But now he put it back for sale in March of this year and asked for $50 million. Estafi, founder of Bridge Oracle, offered to donate 50% of the proceeds, which he estimated at $25 million or more, to the US charity GiveDirectly. Later, in response to Dorsey's challenge about why he would not donate 99% of the funds generated from the NFT auction, he said he appreciates the idea, but would like to use the funds to help his blockchain projects. Bridge Oracle has sparked some controversy recently as its investors accused the founder of fraud. Although Estafi claims that someone has bid up to $10 million for NFT, at the time of writing, the highest bid on Opensea is just 4.2 ETH, just over $12,700. Istavi admitted that his auction deadline has passed, but he can still sell the NFT anyway when a good bid arrives, or he may not sell it at all. In an interview with the BBC earlier, Estafi did not reveal what price he was aiming for. But now he knows, but unfortunately, the offers presented so far do not live up to his aspirations. ![image.png](https://files.peakd.com/file/peakd-hive/natalia-irish/23tcNzkWQacVBDZiYmhV1T4WJpTX2ynn3VN5fWVKwShCSuHmhLzqKMDraotbr26dunav9.png) <center> [Image Source](cointelegraph.com) ### By @natalia-irish #### Thank You </center> <center>https://images.hive.blog/DQmVsxUBNSEttko3J3d7LDXL9BWGYLXLXAs798Z1EPjeUdf/image.png</center> <a href="https://leofinance.io/">LeoFinance</a> = Financial Blog <a href="https://leodex.io/market/LEO">LeoDex</a> = Hive trading exchange for Secondary Tokens, Low 0.25% fees for deposits and withdraws. <a href="https://hivestats.io/">HiveStats</a> = Hive stats per user <a href="https://leopedia.io/">LeoPedia</a> = Informative content related to anything about Crypto and how to make financial gains in crypto! </center> leofinance @nataliairish

Waiting to burn more BNB After some time has passed since the last burning process carried out by Binance, which was previously announced by “CZ” in a tweet on January 18, last year, $729 million worth of BNB was burned in the 18th burn. Usually, this regularly scheduled event sees a large amount of Binance coin destroyed by one of the best cryptocurrency exchanges, Binance. BNB is not the only currency that is being burned and its supply is reduced, there are also many cryptocurrencies that follow the same approach, such as Ethereum, Shiba Inu, and others… When is the next BNB burning process? The next BNB burning, Burning 19, is supposed to take place at the end of the first quarter of 2022, i.e. in the current month, April 2022. BNB burns are quarterly events that occur after each quarter, with April 2022 marking the end of the first quarter of 2022. The next burn is likely to occur sometime between April 16-20. As of now, there is no official date for the 19th BNB burning. As we indicated at the beginning of the article, the 18th BNB burn occurred on January 17, 2022, and 1,684,387.11 BNB were destroyed in Binance's first spontaneous burn. This was worth over $700 million. By comparison, the 17th BNB burn destroyed 1.3 million BNB worth $639 million. This reduced the total supply of BNB from 166,801,148.00 BNB to 165,116,760.89 BNB, according to CoinMarketCap. https://public.bnbstatic.com/20200418/298d89f1-9d23-4ecf-b12c-d797b4cce0b0.png <center> [Image Source](cointelegraph.com) ### By @natalia-irish #### Thank You </center> <center>https://images.hive.blog/DQmVsxUBNSEttko3J3d7LDXL9BWGYLXLXAs798Z1EPjeUdf/image.png</center> <a href="https://leofinance.io/">LeoFinance</a> = Financial Blog <a href="https://leodex.io/market/LEO">LeoDex</a> = Hive trading exchange for Secondary Tokens, Low 0.25% fees for deposits and withdraws. <a href="https://hivestats.io/">HiveStats</a> = Hive stats per user <a href="https://leopedia.io/">LeoPedia</a> = Informative content related to anything about Crypto and how to make financial gains in crypto! </center> leofinance @nataliairish

Blockchain Expansions in the Film Industry Blockchain technology has expanded to include various industries, including the film industry. WarnerMedia CEO Jason Keeler argues that the future of Hollywood lies in blockchain technology. In his view, blockchain technology, which is the backbone of the cryptocurrency industry, may also offer new forms of financing. The cryptocurrency sector, and more specifically blockchain technology, has found another business supporter, Mr. Jason Keeler. In a recent interview, the current CEO of WarnerMedia said: Blockchain technology could transform the entertainment industry. It is also expected that the process of obtaining non-fungible tokens will become much simpler. Kilar compared the advances and accessibility of blockchain technology to Hollywood to the DVD wave of the 1990s, stating: I think this will be a potential wave coming to Hollywood, in the same way that the DVD wave came to Hollywood in the '90s. This obviously changed the economic fortunes of many of these companies. Killar has a proven track record of working with digital technology and lobbying for its further acceleration. In the following years, the film industry was greatly affected by closed theaters and increased competition online due to the Corona pandemic. Earlier this month, Keeler announced that he was stepping down as CEO in the face of the soon-to-be-completed merger of WarnerMedia and Discovery, Inc. Another member of the Hollywood film industry who has demonstrated his pro-crypto stance is Adrien Grenier. The star of the TV series “Entourage” stated that digital assets can fix many currently broken and highly wasteful systems across all industries. He also opposed Bitcoin mining critics, saying: Cryptocurrencies are not just something that uses energy. The digital asset class can transform many sectors into more efficient sectors. If you look at global net benefits, I think it's a positive feature. Last year, Grenier predicted that bitcoin might replace fiat currencies like the US dollar, adding: Cryptocurrencies will see their adoption rate increase exponentially over time, and it is possible that we will see Bitcoin as well as the dollar in the future. https://images.cointelegraph.com/images/1434_aHR0cHM6Ly9zMy5ldS1jZW50cmFsLTEuYW1hem9uYXdzLmNvbS9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjAtMDkvNjZhZTNhNjUtNDVlNS00YTMzLTg2MDUtZTZmNDNmMzMyZDUyLmpwZw==.jpg <center> [Image Source](cointelegraph.com) ### By @natalia-irish #### Thank You </center> <center>https://images.hive.blog/DQmVsxUBNSEttko3J3d7LDXL9BWGYLXLXAs798Z1EPjeUdf/image.png</center> <a href="https://leofinance.io/">LeoFinance</a> = Financial Blog <a href="https://leodex.io/market/LEO">LeoDex</a> = Hive trading exchange for Secondary Tokens, Low 0.25% fees for deposits and withdraws. <a href="https://hivestats.io/">HiveStats</a> = Hive stats per user <a href="https://leopedia.io/">LeoPedia</a> = Informative content related to anything about Crypto and how to make financial gains in crypto! </center> leofinance @nataliairish

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Concerns about CBDC Charles Hoskinson, the founder of Cardano, stated that he did not digest the idea of ​​a central bank digital currency (CBDC) and considered it a bad idea. The growing interest by the world's governments in developing their own digital currencies (CBDCs) has sparked many discussions about the excessive government oversight and privacy associated with these currencies. Concerns about digital central bank currencies: Since the advent of decentralized cryptocurrencies, central bank digital currencies, otherwise known as CBDCs, have become a major point of interest for many governments. Governments are beginning to realize that in order to make a central bank-issued currency relevant, it must match the efficiency and cost of decentralized currencies. However, the idea that citizens would keep accounts directly controlled by central banks has sparked many discussions about privacy and control. Some speculators believe that tempting the government to monitor and restrict transactions in the name of stopping money laundering and terrorist financing and promoting the social good will have negative consequences. Charles Hoskinson is one of those people who think CBDC would be a bad idea. In a recent tweet, the Cardano founder shared a podcast by Joe Rogan with the description: Why central bank digital currencies are a really bad idea. In the podcast, Majid Nawaz, an activist and guest on the popular American commentator Joe Rogan's podcast, explained that the Group of Seven, formed by the world's 7 largest economies of the International Monetary Fund, were planning to create a CBDC because they believed the time was Paper is gone. The guest noted that the proposed CBDC, as stated by Bank of England officials, would be programmed so that, for example, it could not be spent on certain foodstuffs, or could be restricted if the holder of the wallet or the holder of the currency did not adjust to what the government dictates. ![image.png](https://files.peakd.com/file/peakd-hive/natalia-irish/48RqEHjUbTtcH5mvTym6gDx8MyNvGkjZjuDV7DZXqUC8cJ9TJ5VoypYJRK8bdaHQz4.png) <center> [Image Source](etimg.com) ### By @natalia-irish #### Thank You </center> <center>https://images.hive.blog/DQmVsxUBNSEttko3J3d7LDXL9BWGYLXLXAs798Z1EPjeUdf/image.png</center> <a href="https://leofinance.io/">LeoFinance</a> = Financial Blog <a href="https://leodex.io/market/LEO">LeoDex</a> = Hive trading exchange for Secondary Tokens, Low 0.25% fees for deposits and withdraws. <a href="https://hivestats.io/">HiveStats</a> = Hive stats per user <a href="https://leopedia.io/">LeoPedia</a> = Informative content related to anything about Crypto and how to make financial gains in crypto! </center> leofinance @nataliairish

Crypto market loses $100 billion Bitcoin has experienced a significant pullback in the past 24 hours, dropping to just over $44,000. As a result, most altcoins turned red today, with the decline in the prices of Ethereum, Binance, Solana, and Polkadot… The only Dogecoin that makes the exception is one of the few coins in the green. #### Bitcoin price drops to $44K: The start of April was not very positive for the big cryptocurrencies as Bitcoin fell from above $47,500 to a multi-day low of $44,250 (on Bitstamp). After the bulls advanced at that point, they pushed the bitcoin upwards. Since then, the largest cryptocurrency has managed to recover some losses and is now near the $45,000 level. As a result of all this, the total market capitalization of Bitcoin has been damaged and has moved away from the $900 billion it was once close to. Altcoins are colored red: Altcoins have looked unusually stable in the past few days, but most are now turning red, similar to Bitcoin. Ethereum charted a three-month high above $3,500 a few days ago and has been near that level ever since. Now, a daily drop of 5% has pushed the second largest cryptocurrency to just over $3,300. Binance coin has lost about 5% of its value in the past 24 hours and is currently settling at $436. Solana's price fell by 10% to $121. Also, Polkadot, Cardano, Shiba Inu, and CRO decreased in almost similar proportions. As mentioned above, Dogecoin is among the very few exceptions. DOGE price is up another 1.5% and is currently trading at $0.15. This comes a few days after it was learned that Dogecoin fan Elon Musk had bought a 9.2% stake in Twitter. The total market capitalization of the cryptocurrency market has evaporated to $100 billion from yesterday's peak and is now below $2.07 trillion. https://img.etimg.com/thumb/msid-89705853,width-650,imgsize-44124,,resizemode-4,quality-100/crypto.jpg <center> [Image Source](etimg.com) ### By @natalia-irish #### Thank You </center> <center>https://images.hive.blog/DQmVsxUBNSEttko3J3d7LDXL9BWGYLXLXAs798Z1EPjeUdf/image.png</center> <a href="https://leofinance.io/">LeoFinance</a> = Financial Blog <a href="https://leodex.io/market/LEO">LeoDex</a> = Hive trading exchange for Secondary Tokens, Low 0.25% fees for deposits and withdraws. <a href="https://hivestats.io/">HiveStats</a> = Hive stats per user <a href="https://leopedia.io/">LeoPedia</a> = Informative content related to anything about Crypto and how to make financial gains in crypto! </center> leofinance @nataliairish

Terra continues to break records The value of TVL locked funds in the Terra project increased by 17% in 7 days to $31 billion. Terra (LUNA) DeFi projects have been very active recently. In the past seven days, Terra's DeFi system total locked value (TVL) has increased by 17% to reach a new all-time high of $31 billion. Terra seeks to take a bigger share of the DeFi pie: According to data from DefiLlama, Terra ranks as the second largest blockchain network by TVL and now accounts for about 11.88% of the total total locked value of crypto projects, behind only Ethereum. Individually, Terra DeFi protocols have had impressive success. The Anchor Protocol's TVL locked value is around $15.73 billion, thanks to the promise of deposits with a high annual interest rate of 20%. Terra’s TVL value is also driven by its Terra (UST) digital stablecoin. Terra has adopted bitcoin as a reserve currency for its stablecoin. The LUNA Foundation Guard (LFG) bought over $1.4 billion worth of Bitcoin in a short period of time. LFG has a lofty goal of acquiring $10 billion worth of Bitcoin over the long term. Terra founder Do Kwon revealed that he envisions UST becoming the largest decentralized stablecoin across the entire crypto industry. The goal is not to become the largest stablecoin on the Terra blockchain, but rather to expand into other blockchain networks, such as: LUNA pushes to a new level: The digital currency, LUNA, was capitalizing on the dominance of the growing DeFi ecosystem. LUNA price reached a new record high of $117.91 yesterday according to CoinMarketCap. LUNA is currently trading at around $110, down 3.3% in the last 24 hours. While on the weekly level, it rose by 19.5% in the past week. https://btcacademy.online/wp-content/uploads/2021/07/%D8%B9%D9%85%D9%84%D8%A9-%D8%AA%D9%8A%D8%B1%D8%A7-%D8%A7%D9%84%D8%B1%D9%82%D9%85%D9%8A%D8%A9.jpg <center> [Image Source](https://www.iestork.org) ### By @natalia-irish #### Thank You </center> <center>https://images.hive.blog/DQmVsxUBNSEttko3J3d7LDXL9BWGYLXLXAs798Z1EPjeUdf/image.png</center> <a href="https://leofinance.io/">LeoFinance</a> = Financial Blog <a href="https://leodex.io/market/LEO">LeoDex</a> = Hive trading exchange for Secondary Tokens, Low 0.25% fees for deposits and withdraws. <a href="https://hivestats.io/">HiveStats</a> = Hive stats per user <a href="https://leopedia.io/">LeoPedia</a> = Informative content related to anything about Crypto and how to make financial gains in crypto! </center> leofinance @nataliairish

Cryptocurrency regulation looms again A senior Bank of Japan official has warned G7 nations that the clock is ticking on a common framework to regulate cryptocurrency, according to a Reuters report. The Bank of Japan official urged G7 policymakers to speed up efforts to reduce the risk of evading sanctions backed by cryptocurrencies in light of the ongoing conflict between Russia and Ukraine. He told that appropriate measures must be taken before cryptocurrencies overturn the global settlement system. Kazushige Kamiyama, head of the Payment and Settlement System Division at the Bank of Japan, told Reuters: The use of stablecoins, allows the creation of a single global settlement system. Kamiyama went on to explain: > The priority is to update the existing rules as the crypto industry develops rapidly. He added that the G7 is working together while exchanging information on current developments, and that Japan is very determined to regulate cryptocurrency to counter Russian President Vladimir Putin's invasion of Ukraine. Earlier this week, Chief Cabinet Secretary Hirokazu Matsuno informed the Japanese government of the proposed new amendments to the Foreign Exchange and Foreign Trade Law. The amendments will force cryptocurrency exchanges in line with traditional banks to impose sanctions. New G7 rules may affect Japan's plans for a digital yen. Any new rules agreed by the Group of Seven industrialized nations — particularly around money laundering or privacy — could have spillovers when it comes to Japan's ambitions to roll out its central bank digital currency (CBDC). The Bank of Japan already has a new digital yen in the works. The project is scheduled to enter the next phase of development in April. What Kamiyama also told Reuters: Given the number of central banks in developed countries move collectively and dramatically and at the same time to develop digital currency for central banks, which may cause significant changes in the settlement system in the future. https://www.iestork.org/wp-content/uploads/2022/02/Cryptocurrency-Regulation.jpg <center> [Image Source](https://www.iestork.org) ### By @natalia-irish #### Thank You </center> <center>https://images.hive.blog/DQmVsxUBNSEttko3J3d7LDXL9BWGYLXLXAs798Z1EPjeUdf/image.png</center> <a href="https://leofinance.io/">LeoFinance</a> = Financial Blog <a href="https://leodex.io/market/LEO">LeoDex</a> = Hive trading exchange for Secondary Tokens, Low 0.25% fees for deposits and withdraws. <a href="https://hivestats.io/">HiveStats</a> = Hive stats per user <a href="https://leopedia.io/">LeoPedia</a> = Informative content related to anything about Crypto and how to make financial gains in crypto! </center> leofinance @nataliairish

Has everyone heard of cryptocurrencies and NFTs? If you haven't heard of cryptocurrency yet, you probably belong to a very tiny minority. According to a recent survey published by the global studies platform “Morning Consult,” 91% of American consumers are familiar with cryptocurrencies, confirming the scope of its prevalent adoption. 19 percent of the respondents who participated in the above-mentioned survey said that they own some cryptocurrency. Meanwhile, Morning Consult found that some of the most important crypto buzzwords, such as "DeFi" and "Web 3.0," have not yet penetrated mainstream consciousness. Despite widespread media coverage, half of American consumers who do not own cryptocurrency have never heard of the term NFT tokens. Even 13% of cryptocurrency owners are not aware of the hottest trend in the crypto market. The same study also showed that a third of cryptocurrency owners are not familiar with the term “CBDC” despite the fact that a large number of central banks around the world are working to launch their own central bank currencies. The vast majority of non-cryptocurrency holders (70%) have also not heard of government-issued cryptocurrencies. 38 percent of cryptocurrency owners are not familiar with “Web 3.0.” It is worth noting that the concept of "Web 3.0" has been severely criticized by prominent figures such as the CEO of "Tesla" and the former CEO of "Twitter". 69 percent of non-cryptocurrency holders have not heard of decentralized finance despite the fact that several high-profile projects have emerged over the past two years within this fast-growing sector. https://d1b3667xvzs6rz.cloudfront.net/2022/01/getty_876941262_2000150020009280128_341984-2.jpg <center> [Image Source](https://dailynewsegypt.com/2022/01/03/significant-spike-in-cryptocurrency-prices-during-2021/) ### By @natalia-irish #### Thank You </center> <center>https://images.hive.blog/DQmVsxUBNSEttko3J3d7LDXL9BWGYLXLXAs798Z1EPjeUdf/image.png</center> <a href="https://leofinance.io/">LeoFinance</a> = Financial Blog <a href="https://leodex.io/market/LEO">LeoDex</a> = Hive trading exchange for Secondary Tokens, Low 0.25% fees for deposits and withdraws. <a href="https://hivestats.io/">HiveStats</a> = Hive stats per user <a href="https://leopedia.io/">LeoPedia</a> = Informative content related to anything about Crypto and how to make financial gains in crypto! </center> leofinance @nataliairish

Has Dubai become a stronghold for crypto adoption? Bybit, one of the major cryptocurrency exchanges, announced on Monday that it has received approval in principle to conduct a virtual asset business in Dubai. According to the press release, this was officially announced by the UAE Ministry of Economy at the World Government Summit 2022. As part of the announcement, Bybit has told that it will establish its global headquarters in Dubai, where it will offer a range of products and services under the Dubai-based adaptive testing model for virtual asset markets. Dr. Thani Al Zeyoudi, UAE Minister of State for Foreign Trade and Minister Responsible for Attracting and Retaining Talent, commented: Bybit's decision to open its global headquarters in Dubai is a milestone in our efforts to position the UAE as a global digital hub. Virtual assets like cryptocurrency and blockchain have changed finances forever. To stay at the forefront of this rapidly changing industry, we are building a business-friendly ecosystem with strong regulations to attract, retain and empower high-growth companies, and this benefits the next generation of foreign direct investment that we are seeing. #### Bybit platform in numbers: Bybit's daily trading volume reached $76 billion in May 2021, making the cryptocurrency exchange one of the fastest growing cryptocurrency platforms. According to data collected by Google and Yandex, it is the third most visited crypto company in the world. Bybit's new headquarters in Dubai is expected to start operations as early as April 2022. The company has begun recruiting talent and moving existing teams and operations to its new location. Bybit CEO Ben Zou commented: Bybit looks forward to contributing to virtual asset innovations to the emirate's vibrant economy and the presence of our global headquarters in Dubai. I believe we can help increase stakeholder understanding of this complex industry as the virtual asset space continues to mature rapidly. This approval in principle is an exceptional opportunity for Bybit to support the UAE and the broader region's ambition to become a global hub for virtual asset technology. ![image.png](https://files.peakd.com/file/peakd-hive/natalia-irish/23uQNa4xtRfiZuKUTQJqwBbgjCgX7XqGWDDp7RoCGygcQw8eBvsvY9HSyCiAQur4thjT7.png) <center> [Image Source](http://www.thecryptoupdates.com) ### By @natalia-irish #### Thank You </center> <center>https://images.hive.blog/DQmVsxUBNSEttko3J3d7LDXL9BWGYLXLXAs798Z1EPjeUdf/image.png</center> <a href="https://leofinance.io/">LeoFinance</a> = Financial Blog <a href="https://leodex.io/market/LEO">LeoDex</a> = Hive trading exchange for Secondary Tokens, Low 0.25% fees for deposits and withdraws. <a href="https://hivestats.io/">HiveStats</a> = Hive stats per user <a href="https://leopedia.io/">LeoPedia</a> = Informative content related to anything about Crypto and how to make financial gains in crypto! </center> leofinance @nataliairish

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Coinbase supports Cardano stakes Cardano's price has increased by 16% in the last 24 hours and by 34% in a week, making it gradually advance in the list of the most valuable cryptocurrencies in terms of total market capitalization. The recent Cardano price hike is driven by many reasons, most notably the increase in the total value of locked projects and protocols built on the Cardano blockchain. One of the main reasons why the price of Cardano ADA soared was also the support of its allocation mechanism from Coinbase. Coinbase supports Cardano stakes: Today, Coinbase announced that it is introducing ADA staking. Explaining the decision, Rupmalini Sahu, Senior Product Manager at Coinbase, said: Cardano is among the top ten coins by total market capitalization and has a flexible, sustainable and scalable blockchain. This design uses smart contracts, similar to Ethereum and Solana, to enable decentralized finance, NFT, and other activities on the network. It is worth noting that Cardano relies on the quota and proof of ownership mechanism, which means that its network is secured in a way other than approved mining in Bitcoin, as the authentication mechanism in Cardano is adopted by people who commit and allocate part of their ADA properties to the network, in return they get a share of the minted ADA newly. Since this caching process can be a bit cumbersome or time-consuming for the average user, Coinbase and other trading platforms offer to do it for them. The platform allocates users' ADA tokens and then redistributes the rewards according to contributions. Coinbase currently offers an estimated annual return of 3.75%, distributed every five to seven days. Cardano, whose price has jumped from $1.00 to $1.13 today, is having a very good week compared to other prominent cryptocurrencies. ADA is the fifth digital currency offered by Coinbase within the quota services, after Algorand, Cosmos, Ethereum and Tezos. Coinbase, long overdue in crypto listings, now supports 168 cryptocurrencies, adding almost half of them in 2021 alone. https://btcacademy.online/wp-content/uploads/2022/01/cardano-1.jpeg <center> [Image Source](btcacademy.online) ### By @natalia-irish #### Thank You </center> <center>https://images.hive.blog/DQmVsxUBNSEttko3J3d7LDXL9BWGYLXLXAs798Z1EPjeUdf/image.png</center> <a href="https://leofinance.io/">LeoFinance</a> = Financial Blog <a href="https://leodex.io/market/LEO">LeoDex</a> = Hive trading exchange for Secondary Tokens, Low 0.25% fees for deposits and withdraws. <a href="https://hivestats.io/">HiveStats</a> = Hive stats per user <a href="https://leopedia.io/">LeoPedia</a> = Informative content related to anything about Crypto and how to make financial gains in crypto! </center> leofinance @nataliairish

Malaysia's approach to crypto adoption Malaysia's Ministry of Communications and Multimedia has suggested adopting cryptocurrencies, including bitcoin, as interest in cryptocurrency is growing among Malaysians. Today, Monday, Deputy Minister of Communications and Multimedia Datuk Zahidi Zain Al-Abidin suggested that the Malaysian government legalize cryptocurrencies to help the younger generation to express more their keen interest in the cryptocurrency and non-fungible tokens (NFT) industry. Malaysia's approach to crypto adoption: In a session of the Malaysian Parliament today, Malaysian Deputy Minister of Communications Datuk Zahidi Zain Al-Abidin urged the Malaysian government to adopt cryptocurrency as a legal currency as the future of financing, and in his speech: All these matters are subject to the jurisdiction of the Bank of Malaysia and the Securities Commission. We hope that the government will allow and legalize this so that we can increase the uptake of crypto by young people. The Deputy Minister stated this in response to a question from Syed Ibrahim Syed Noah, a member of Parliament, about the government's position on NFT trading, which is increasingly popular among the younger generation. Deputy Minister of Communications and Multimedia Datuk Zahidi Zainal Abidin said that the ministry will explore ways to increase youth participation in cryptocurrency and NFT. He believes that the adoption of cryptocurrency is an important step in the progress of Malaysia in this booming industry. Malaysian government position on cryptocurrency: The Malaysian government has maintained its stance on cryptocurrencies, as it previously allowed crypto exchanges including Luno, Huobi and Kraken to operate legally in the country. In September, Malaysia expressed interest in Project Dunbar by the Bank for International Settlements (BIS) to test the use of digital central bank currencies for international settlements via a common platform across countries including Australia, Singapore and South Africa. Malaysian Deputy Finance Minister Yamani Hafez Musa recently stated in a parliamentary session that cryptocurrencies are not regulated by the Central Bank of Malaysia, and also commented: Digital assets like Bitcoin and Ethereum are not suitable to be used as a payment instrument… In general, digital assets are not a store of value but a good medium of exchange. Malaysia has a high adoption rate of cryptocurrencies, especially among the younger generation, as many people are trading cryptocurrency and NFT. Some politicians are considering the benefits of crypto for financial innovation, but the final decision now appears to be in Parliament's hands. http://www.thecryptoupdates.com/wp-content/uploads/2022/03/mala.jpg <center> [Image Source](http://www.thecryptoupdates.com) ### By @natalia-irish #### Thank You </center> <center>https://images.hive.blog/DQmVsxUBNSEttko3J3d7LDXL9BWGYLXLXAs798Z1EPjeUdf/image.png</center> <a href="https://leofinance.io/">LeoFinance</a> = Financial Blog <a href="https://leodex.io/market/LEO">LeoDex</a> = Hive trading exchange for Secondary Tokens, Low 0.25% fees for deposits and withdraws. <a href="https://hivestats.io/">HiveStats</a> = Hive stats per user <a href="https://leopedia.io/">LeoPedia</a> = Informative content related to anything about Crypto and how to make financial gains in crypto! </center> proofofbrain @nataliairish

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