Swisstronik
@swisstronik-
Welcome back to Adoption Friday with the latest adoption updates from around the globe! 🌍 This week: 🇨🇦 Canada shifts CBDC focus 🌏 Stablecoins gain in Eastern Asia 🇺🇸 VP Harris supports crypto with caution 🇿🇦 South Africa's crypto potential 🌐 BitMEX CEO on global crypto paths Thread 🧵👇
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Swisstronik
@swisstronik-
🧵1/5 🇨🇦 Bank of Canada shifts focus from retail CBDC to broader payments research, responding to privacy concerns. Our take: A cautious, responsive approach to digital currency development is needed. Public concerns must be addressed.
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Swisstronik
@swisstronik-
🧵2/5 🌏 Stablecoins challenge fiat in Eastern Asia, with 40% of Hong Kong's crypto value in stablecoins. Driven by economic factors and cross-border needs. Our take: Shows growing appeal of digital assets as practical solutions for economic instability.
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Swisstronik
@swisstronik-
🧵3/5 🇺🇸 VP Kamala Harris expresses support for crypto while emphasizing consumer protection. First public address on crypto as potential presidential candidate. Our take: Harris's balanced approach can harmonize innovation with safety. Crucial for any future administration.
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Swisstronik
@swisstronik-
🧵4/5 🇿🇦 South Africa emerges as potential crypto hub. FSCA grants new licenses to exchanges, progress in AI regulation noted. Our take: SA's forward-thinking regulatory environment sets an example. Balancing innovation and regulation is key.
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Swisstronik
@swisstronik-
🧵5/5 🌐 BitMEX CEO predicts U.S. crypto industry to align more with traditional finance, while global firms may avoid the U.S. market. Our take: Likely means more regulation in U.S. digital assets. Other countries may eventually follow this path.
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Swisstronik
@swisstronik-
And that’s it for this week! What do you think about the latest adoption news? Share your thoughts in the comments! 📣👇 Full article on Medium: https://link.swisstronik.com/7ai
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