Legalization of Cryptocurrency will Kickstart Economic Development in Latin America
The popularity of cryptocurrencies around the globe has forced governments to reconsider their initial stances on cryptocurrency acceptance within their specific borders.
In June 2021, El Salvador became the first country in the world to approve Bitcoin as a legal tender. Other Latin American governments including Paraguay, Panama, Brazil, and Mexico, have expressed similar interests in supporting cryptocurrencies as legal tender.
Cryptocurrencies act as a uniquely safe economic instrument in a region plagued by government corruption, interference, and low productivity. In this respect, the adoption of cryptocurrencies as legal tender serves to guarantee some semblance of economic stability for countries in Latin America, allowing for a true launch of economic development initiatives into the digital age.
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Balancing data rights is about protecting human rights
Governments and their citizens can no longer avoid these questions, as we work together to tackle climate change, racial injustice, gender inequality and other defining challenges of our age. We need to establish policies and practices that show how to govern data for the public good, while keeping those in power in check. This kind of commitment can help restore public trust and maximize benefits, from closing gender and racial gaps to dealing effectively with future pandemics. It will not be easy, but it will be worth it.
Why Staking and Lending Protocols Are Becoming Popular With Investors
Over the last week, Bitcoin’s price has oscillated between all-time-highs and sharp sustained losses. The same can be said for many other projects in the cryptocurrency space.
While the volatility makes for thrilling viewing, when it comes to managing investor portfolios, this sort of yo-yoing has led some institutional investors to conclude that the cryptocurrency market is too hot to handle right now.
But such an assumption would be ignoring some of the more promising financial products and services that are emerging from the Web3 space. Chief among them are staking and lending projects that offer more consistent yields than the currencies they are built on.
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