? The number of cryptocurrency holders in different countries of the world:
• More than 103 million (7.23% of the total population) of Indian citizens own digital assets - an absolute record among all countries in the world.
• 8.5 million Russians own cryptocurrencies, which is 5.87% of the country's population.
• About 10.3% of Ukrainian citizens own cryptocurrencies, which is 3.78 million people.
• In percentage terms, the absolute leader is the UAE — 27.67% (2.6 million) of the country's residents hold digital assets.
?? In the USA, the first hearing on the regulation of the activities of stablecoin issuers was held, the main points are:
- The bill assumes that the Fed will control the activities of issuers of centralized stablecoins like USDC and USDT.
— The regulator will issue licenses for relevant activities.
- The document was criticized for outdated data in the process of preparation and insisted on updating the information.
- The representative of Circle said that it is necessary to level the playing field between the US and the rest of the world. “Banks and other organizations in the US need regulated pathways for issuing stablecoins.”
“It is very important that there is an understanding in the country on a bipartisan basis of the usefulness and importance of the relevant legislation.”
— Jake Chervinsky stated that the US financial system is stuck in an analog age, limited by intermediaries and gatekeepers, and an outdated infrastructure that has not kept up with the digital age.
? Robert Kiyosaki said that he supports the first cryptocurrency, as well as gold and silver, as he does not trust either the Federal Reserve System or the US President.
“Bitcoin is up over 100% in a year. Will BTC continue to rise? I bet on it. I am buying more gold and silver. Why buy more gold, silver and BTC? Because the Fed, Treasury and Joe Biden are liars.”
After all the events in the stablecoin sector, USDT began to dominate again. Its capitalization has reached $81 billion (Glassnode)
PS: With such an unhealthy interest of regulators in the crypt in general and in stablecoins in particular, such a predominance does not bode well. The next potential hit, similar to Binance, could come from Tether. And this is another reminder that stablecoins definitely need to be diversified.