The US Central Bank supports cryptocurrencies and denies the ban on Bitcoin

The US Central Bank supports cryptocurrencies and denies the ban on Bitcoin
The US Central Bank supports cryptocurrencies and denies the ban on Bitcoin

The price of digital currencies, led by bitcoin, rose, driven by the decisions of the US Federal Council, which confirmed yesterday that a comprehensive ban on digital currencies and bitcoin is not a possibility, and explained that the digital currency market only needs more regulation and rules.

Read also| Nigeria to officially launch its digital currency early next month

The economic website Investing stated that the Chinese crackdown on digital currencies, as well as the tightening and closing of the most famous digital currency exchanges in Singapore as well as the United States of America, were among the factors that led to the rise of cryptocurrencies in general during the weekend.

Accordingly, Bitcoin has seen prices, up 5.74% in one period yesterday, and now increase by 3.29% to $44,729.3 now.

Visa also announced yesterday that it has developed a Layer 2 Blockchain Interoperability Center that will support crypto payments, further bolstering the strength of cryptocurrencies.

Dr. Mustafa Abu Jamra, an expert in information security, stated that legalizing the Bitcoin currency, dealing with it and relying on it in trading will come sooner or later, especially in light of the transformation of the digital economy in which the world is making great strides, and then traditional currencies will not currently be inappropriate.

He added in a statement to “Akhbar Al-Youm Gate”, that dealing with Bitcoin is currently limited to two cases, the first of which is in the transactions of the dark web, and they are those who buy internationally prohibited and criminal things such as weapons and drugs, and they do not want anyone to see their transactions, and they find this currency safe for them.

Mustafa Abu Jamra pointed out that Egypt has not adopted it so far, like many countries that did not take this step, but it will be adopted whenever these towns have the preparation and tools for this. The price of Bitcoin recorded 44762.9, an increase of 3.35%, while Ethereum recorded at the same time 3085.67, an increase of 7.74%.

The price of Cardano reached 2.1422, an increase of 2.72%, while Binance Coin continued to rise, reaching 398.99, an increase of 6.34%.

Ripple is close to the price of the dollar, as it rose by 2094 percent to reach 0.96939.

Solana (SOL), Polkadot and DOGE/USD are also rising, and Solana’s price reached 142.792, up 4.21%.

Polkadot rose by 5.61% to reach 29.389.

The Terra coin’s rise comes on top of the gains, as it increased by 10.1% and reached 37.9440. Supports cryptocurrencies and denies banning them

Dalah’s words (

Cryptocurrency prices have skyrocketed. On top of it, bitcoin is driven by the decisions of the US Federal Council, which confirmed yesterday that a comprehensive ban on digital currencies and bitcoin is not a possibility, and explained that the digital currency market only needs more regulation and rules.

According to the Investing website,

The Chinese crackdown on digital currencies, as well as the tightening and closing of the most famous digital currency exchanges in Singapore as well as the United States of America, were among the factors for the rise of cryptocurrencies in general during the end of the week

Accordingly, the price of Bitcoin, increased by 5.74% in one period yesterday, is now increasing by 3.29% to reach its price at $44,729.3 now.

Visa also announced yesterday that it has developed a Layer 2 Blockchain Interoperability Center that will support crypto payments, further bolstering the strength of cryptocurrencies.

Dr. Mustafa Abu Jamra, an expert in information security, stated that legalizing the bitcoin currency, dealing with it and relying on it in trading will come sooner or later, especially in light of the transformation of the digital economy in which the world is making great strides, and then traditional currencies will not currently be inappropriate.

He added in a statement to “Akhbar Al-Youm Gate”, that dealing with Bitcoin is currently limited to two cases, the first of which is in the transactions of the dark web, and they are those who buy internationally prohibited and criminal things such as weapons and drugs, and they do not want anyone to see their transactions, and they find this currency safe for them.

Mustafa Abu Jamra pointed out that Egypt has not adopted it so far, like many countries that did not take this step, but it will be adopted whenever these towns have the preparation and tools for this. The price of Bitcoin recorded 44762.9, an increase of 3.35%, while Ethereum recorded at the same time 3085.67, an increase of 7.74%.

The price of Cardano reached 2.1422, an increase of 2.72%, while Binance Coin continued to rise, reaching 398.99, an increase of 6.34%.

Ripple is close to the price of the dollar, as it rose by 2094 percent to reach 0.96939.

Solana (SOL), Polkadot and DOGE/USD are also rising, and Solana’s price reached 142.792, up 4.21%.

Polkadot rose by 5.61% to reach 29.389.

The Terra coin is on top of the gains, as it increased by 10.1% and reached 37.9440

 
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