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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🧵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.

🧵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.

🧵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.

🧵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.

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

🧵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.