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Showing posts from December, 2021

What to Know About Investing in Crypto Exchanges | YuanPay Group

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  Interest in the decentralized virtual currency continues to increase, with investors more optimistic than ever. For individuals new to investing, crypto can be intimidating, if not outright frightening.  Digital Yuan  is effectively a way for the central bank to digitalize the banknotes and coins and is a way to speed the process up. Cryptocurrency is a decentralized digital or virtual currency protected by cryptography, making it nearly impossible to counterfeit. It has a finite quantity, which adds value to crypto and makes counterfeiting and double-spending roughly impossible. Cryptocurrency fraud has roughly doubled during the pandemic, even though authentic cryptocurrencies can provide good returns. According to the FTC's preliminary data for Q3'21, illicit bitcoin payments cost victims a total of $200.8 million.  Today, much like a stock market for securities, most bitcoin buying and selling is done through a cryptocurrency exchange. An exchange acts a...

Huge Market Growth for 'Omicron' Cryptocurrency | YuanPay Group

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  As word of the new version spreads worldwide, the price of 'Omicron' cryptocurrency skyrockets. As global markets tumble due to the Omicron coronavirus type, one cryptocurrency has reaped the benefits. As we witnessed with the SQUID coin fraud, the hype is still the name of the game in crypto, particularly in the field of meme coins, which is why the price of Omicron is so high. Digital Yuan  has the potential to alter the global financial system and diminish the role of the U.S dollar in the medium to long term and leading expert tell protocol.  With the help of Yuan Pay Group , people invest in the right cryptocurrency. As the entire crypto market plummeted last week on announcing a new Covid variant, one cryptocurrency called the Omicron, which shares the same name as the new variety, soared to new highs. In the previous two days, the cryptocurrency has increased by roughly 900 percent. This comes only days after BTC dropped over 9% on Friday last week, bringing...

How Are Major Economies Regulating Cryptocurrency?

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  Cryptocurrencies are nothing but a technology to store the data on Blockchain. The  digital Yuan  poses a significant danger to the US and its allies' subtle, informational, and economic interests. As India plans to regulate cryptocurrency trading, interest in the impact on this nascent and volatile industry is mounting. India has taken a very conventional way towards  cryptocurrencies , with the RBI trying to ban them. Even though the ban was overturned, the stated attitude of the central bank has not changed. The Indian government is following the dual path of strictly controlling or even banning cryptocurrencies while also encouraging the use of Blockchain technologies. Consequently, this is a great time to reflect on how this highly uncertain business is governed around the globe. United States  Like India, the United States has a dual system of governance in which laws differ from state to state. Any state in the United States has its regulations g...