Bitcoin is the first successful internet money based on peer-to-peer technology; whereby no central bank or authority is involved in the transaction and production of the Bitcoin currency. It was created by an anonymous individual/group under the name, Satoshi Nakamoto. The source code is available publicly as an open source project, anybody can look at it and be part of the developmental process.
According to Ross, the inflationary levels and high yields that could result from the increase of 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. make cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. an increasingly attractive investment asset among investors, requiring greater unity in regulatory approaches to deal with cryptocurrencies.
- Ross rates economic inflation and high yields as the main attractions of Bitcoin.
- A unified regulatory approach is required to deal with these assets on European territory.
- The price of Bitcoin is below USD $30,000, which could be an opportunity for investors.
Verana Ross, the current President of the European Securities and Markets Authority said that the current economic outlook, coupled with financial uncertainty and high inflationary levels, could serve as a facilitator for people to increasingly invest investing is when you put money in a financial scheme with the intent of making a gain. more capital capital is most commonly defined as the large sum of money you would use to invest. in Bitcoin.
Increased interest in Bitcoin entre inversionistas
Ross’s statements came yesterday during an interview, in which he stressed that in this scenario the European Union (EU) must get going and have a regulatory perspective that fits the needs of stakeholders in Bitcoin and the main cryptocurrencies.
The official noted that in addition to serving as safe haven assets, people would also be attracted by the high returns that cryptocurrencies can offer in bullish times, making Bitcoin and other exponents much more attractive as investment assets, adding:
“With inflation a general increase in prices and fall in the purchasing value of money. on the rise, investors will be looking for investments that can try to offset this indicator and generate higher returns, which could lead to more risk-taking. This is something we are monitoring very closely.”
Need for a unified approach
Given the variety of approaches that exist, Ross highlighted the need for a more unified approach to crypto regulation in Europe, which depends mainly on national laws and creates an imbalance between regulators’ approaches.
An example of this can be found in Portugal, a country whose Legislative Assembly rejected yesterday the proposal to tax commercial transactions with cryptocurrencies between users. This controversial measure, if approved, would impose the payment of taxes from the purchase / sale of the equivalent of EUR 5,000 in digital digital technologies are these electronic tools that have the ability to generate, store or even process data. coins.
As such, in Portugal, companies that enable the trading of cryptocurrencies must pay the corresponding taxes, but since these assets are considered currencies, users do not have to pay any kind of tax for trading or operating with these assets. This does not apply precisely in other countries in the region, so there are substantial differences between one legislation and another within the European territory.
The call made by Ross goes hand in hand with the statements made by the president of the Central Bank of Europe, Christine Lagarde, who has repeatedly called for stricter regulation on cryptocurrencies and their speculative attributes, declaring herself personally against such assets.
Highly volatile market an area or arena, online or offline, in which commercial dealings are conducted.
Ross’s remarks come at a time of particular uncertainty within the cryptocurrency market, since Bitcoin and the main exponents of the sector have been down for several weeks now, which was pronounced after the fall of the ecosystem of Earth because of what happened with the token a digital unit designed with utility in mind, providing access and use of a larger crypto economic system. LUNA and the stablecoin a cryptocurrency with extremely low volatility, sometimes used as a means of portfolio diversification. Examples include gold-backed cryptocurrency or fiat-pegged cryptocurrency. UST.
At the moment the readings are very diverse: Some are inclined to think of this as an opportunity to invest in cryptocurrencies such as Bitcoin while others are more bearish and anticipate the possibility of a much deeper drop in the coming days.
For the moment we can only wait and see how the cryptocurrency market evolves, especially given the regulatory emphasis that various government agencies are taking in several countries.
- Lamoureux CEO expects Bitcoin price to rebound, but Guggenheim CIO thinks it could fall to $8,000
- ARK Invest, de Cathie Wood, insiste con un ETF an Exchange-traded Fund, an investment fund that users trade on exchanges and trading platforms. de Bitcoin al contado
- Portugal rejects Bitcoin and cryptocurrency tax proposal
Source: Finbold , archive DiarioBitcoin
Version by Angel Di Matteo / DiarioBitcoin
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