Global Raiders: Advances In Blockchain Technology Affect Money Domination

11月
18
2021-11-18 14:17
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On November 18, Double Line Capital, a bank with $ 137 billion in assets, announced a report that the status of the world's most important currency, the dollar, has increased. obligations. Advances in blockchain technology could reduce the outlook for global trade and the appreciation of the US dollar. “The end of the dollar has begun,” said Bill Campbell, who manages Dual Line Capital's global financial services contract. The new financial system is busy reshaping the global currency and payment systems. " Campbell said the rapid growth of blockchains and coin stability (digital currencies tied to fiat currencies) provided an alternative to the U.S. dollar for international payments and settlements. He said this comes at a time when the United States has stepped down from its role as an international trade consultant and the rise of regional trade has prompted bank intermediaries to replace their insurance policies with benefits from their trading partners. .

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The Office of Justice of the Russian Federation calls for translating cryptocurrency into assets.
On November 18, the Attorney General of the Russian Federation drafted a law on cryptocurrencies and other virtual assets. The judge of Russian President Krasnov told the State Duma, a member of the House of Representatives, that legal justice will be used in court proceedings under the Criminal Code. Krasnov also expressed concern about the misuse of modern financial instruments and, in his view, inconsistencies in law enforcement in this particular area have resulted in a crime. The Interfax news agency quoted him as saying that "the rights of online sites that offer anonymous trading opportunities for cryptocurrencies remain unrecognized, and the issue of virtual asset allocation as a tool against crime has not yet been resolved. " He said his office had started working and drafted a law governing the issue, adding that he would be grateful if the government supported it. To date, digital currencies such as Bitcoin have been recognized as assets under several Russian laws, including bankruptcy and enforcement proceedings and the anti-corruption law. . (Bitcoin.com)
2021-11-18 13:58

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