Crypto: hype or the inevitable future?

Do you use the cryptocurrency? Or are you still brushing off this "word" in the hope that the hype will soon fade away? It won't! The crypto industry is not just gaining billions of dollars. It is now reaching the national level and creating a new world economy!

Russia
Recently, the Central Bank of Russia announced the issue of a digital rouble. It is to become the third form of money and will be used along with cash and non-cash rubles. The final decision on the issue of the digital rouble will be taken by the end of this year.

China
In April this year, the Bank of China has already started testing the digital yuan. And here are the first results: over 122,000 digital wallets have been opened. From April to August, users conducted 3.1 million transactions for a total value of about 1.1 billion yuan ($162 million). The observers recorded 6,700 uses of digital wallets: payments for transport, utility bills, public services, health care, and even simple donations.
Also, China announced the use of stable coin at the 2022 Winter Olympics.

USA
In January 2020, US senators presented 32 laws-in-draft to regulate the crypto industry. 13 of them concern the development of a regulatory framework that will introduce the cryptocurrency and the Blockchain into the legal field. In addition, the Crypto for Congress initiative was launched in early October. All members of the US Congress will receive $50 worth of bitcoins as a gift to learn how to use them and better understand the mechanisms of the crypto market.

Japan
At the beginning of 2021, the Central Bank of Japan will develop a test environment for the digital yen and will conduct experiments. It will perform the whole cycle as with the ordinary currency: namely, the issue, distribution, and redemption. Active preparations are currently underway.

South Korea
Lee Yoon-bin, deputy from the ruling party, called on South Korea to "urgently" prioritize the development of crypto-safety technology, stating that blockchain funding is now an inevitable reality for the country and the rest of the world. As Lee said, the South Korean government is already drafting several laws relating to the crypto industry, which are to be introduced next October.

The world is obviously moving towards the digital economy! And what about you? Are you still short of time to understand the crypto industry?

You can, of course, wait about 5 years and then regret wasting time and money. Or you can watch a 30-minute video right now, where briefly and in simple words, you can learn what cryptocurrency is, why the world's transition to crypto can no longer be stopped, and how you can make money from it!

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