Another group of important ecosystem events Blockchain / crypto, which should be followed up in 2022.
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Ecosystem Blockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies. / Crypto for 2022
In our first two posts in this series you can read six of the most important developments in the crypto ecosystem last year.
- Crypto ecosystem milestones in 2021 that we need to watch out for in 2022 (part I).
- Crypto ecosystem milestones in 2021 that we need to watch out for in 2022 (part II).
Below we review another group of important events within the ecosystem Blockchain / crypto internationally, to which you should pay attention in 2022:
7. El Salvador” effect
One of the aspects that made this year’s move by El Salvador to officialize Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. as legal tender, was precisely the international repercussions that this act had, both positive and negative.
Outside the borders of El Salvador, the officialization of the Bitcoin motivated many other countries to begin to take seriously and give speed to possible regulations to address a place where cryptocurrency can be sent to and from, in the form of a string of letters and numbers. the main cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. and other reputable exponents in a legal way. In this regard, the cases of three Latin American countries that quickly addressed the issue after El Salvador’s announcement stand out:
- The first of these is Paraguay, a country where Congressmen Carlos Rejala and Fernando Silva prepared a bill that they presented to the country’s Senate in mid-December 2021. This proposal proposes a first regulatory proposal to address cryptocurrency activities and the commercialization of digital currencies at the local level, which has already been approved and will enter into force soon.
- Close behind was also the case of Panama, a country in which Congressman Gabriel Silva also did the same and presented a first bill establishing regulatory principles to deal with cryptocurrencies.
- The other case is in Chile, where Congressman Karim Bianchi is preparing to present a bill in November 2021. Bitcoin to legitimize and regulate its use in the South American country.
Although these initiatives do not seek to formalize Bitcoin as legal tender in their respective legislations, if they try to establish clear rules that can be followed by all those interested in operating and trading the digital digital technologies are these electronic tools that have the ability to generate, store or even process data. currency, without this falling into a field of illegality where those interested must resort to clandestine and/or international services, precisely because of the impossibility of doing so in their respective countries with total normality.
- Paraguayan Senate approves bill to regulate mining a process where blocks are added to a blockchain, verifying transactions. It is also the process through which new bitcoin or some altcoins are created. and marketing of digital currencies
- Chile: Congressman presents Bitcoin law project
- Panama’s Congressman, Gabriel Silva, presented a bill to regulate cryptocurrencies in the country
8. Exchanges and crypto companies go public
Another aspect that also set the tone was the fact that Coinbase, the U.S.-based international exchange, began publicly listing the addition of an asset or an asset pair to an exchange. its shares on the stock exchange, the first of its kind to take such a step within the traditional markets.
As such, Coinbase is an American company that operates a cryptocurrency exchange platform. received approval from the SEC and its shares began trading as of April 14, 2021 through Nasdaq. According to data from the aforementioned platform, these were launched at a price above USD $300 per unit, and despite the ups and downs seen throughout the year, by the end of this year it is trading at over USD $256.
However, the most important thing is the transcendence of this step, which has motivated other exchanges and crypto companies to try to do the same. Among these are entities such asCircle, Binance.US, Blockchain.com y Krakenwhich have also announced plans to launch their shares in the U.S. market, although the expectation is to do so in 2022 or in the following years, when there is greater clarity in the market an area or arena, online or offline, in which commercial dealings are conducted. in general.
- Changpeng Zhao says Binance.US may go public within three years
- Blockchain.com confirms plans to go public by 2023
- Circle, the USDC stablecoin a cryptocurrency with extremely low volatility, sometimes used as a means of portfolio diversification. Examples include gold-backed cryptocurrency or fiat-pegged cryptocurrency. company, will be listed on the NYSE American stock exchange.
- Kraken announces plans to go public on U.S. stock exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. by 2022
9. Governments and CBDCs
And last but not least, a fact that seems to be increasingly present on the table of many countries are the intentions to launch their own cryptocurrencies backed by their respective central banks, this in response to the boom that are gaining the most popular digital currencies and the progress by the Chinese government in terms of its own CBDC, el yuan digital.
According to data published by the portalAtlanticcouncil.orgCurrently, there are a total of nine countries that have already launched their own CBDC, of which eight are located in the Caribbean Islands and the remaining one is in Nigeria.
Meanwhile, data reveals that some 14 countries are currently conducting pilot tests with their respective CBDC, while 16 other nations are already working on developing their own cryptocurrencies.
Analysts and enthusiasts hypothesize that 2022 could be a year where this theme will gain even more momentum, as countries with fairly robust economies could follow China’s lead and launch digital versions of their respective legal tender currencies.
With this group of events occurring in 2021 we close refers to the closing price; similar to the same term used in stock trading. this series. The invitation to readers is to pay close attention to what is to come in 2022 for the digital currency currency is a medium of exchange that defines value. ecosystem and the digital currency ecosystem. Blockchain which has a much more favorable outlook than seen in previous years.
If you want to know more events that you should follow up, we invite you to read our previous works:
- Crypto ecosystem milestones in 2021 that we need to watch out for in 2022 (part I).
- Crypto ecosystem milestones in 2021 that we need to watch out for in 2022 (part II).
Article by Angel Di Matteo / DiarioBitcoin
