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Bitcoin [BTC] could combat money laundering & cross-border terrorism, says Tunisian Central Bank Guv




Bitcoin [BTC] allows Central Banks to combat money laundering & cross-border terrorism, says Tunisia Governor
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Bitcoin [BTC], the largest cryptocurrency by market cap, has grabbed the attention of Afghanistan, Tunisia, and Uzbekistan, as the countries march towards becoming the first to ever launch a state-issued Bitcoin bond.

According to a report by Asia Times, the governors of the Central Banks of Afghanistan and Tunisia discussed the issuance of a sovereign Bitcoin bond during the annual Spring Meetings of the Boards of Governors of the World Bank Group and the International Monetary Fund, which took place between April 8 and April 14 in Washington.

On the one hand, Governor of Central Bank of Afghanistan, Khalil Sediq, was quite optimistic about the use-case presented by cryptocurrencies. The Governor stated that they were “seriously considering” launching a blockchain-based crypto bond that would be issued with an intent to raise around $5.8 billion.

The raised funds would cater to the mining, agriculture and mining sectors, stated the report. The main reason behind this was the “severe restrictions” on non-concessional loan, which refers to loans provided by international organizations to countries with better interest rate and duration than standard loans.

More so, the Governor stated that the largest cryptocurrency would be backed by metals such as Lithium, adding that the mining industry in Afghanistan was worth over $3 trillion.

Governor Sediq reportedly stated,

“[…] a crypto issuance could offer a way to access international markets via a first-of-its-kind financial instrument made possible with hyperledger’s blockchain technology service platform.”

On the other hand, the Governor of Central Bank of Tunisia, Marouane El Abassi, also a former World Bank official, stated that the country had already formed a group that was investigating the use-case, advantage, and disadvantage of state-issued Bitcoin bond.

Interestingly, according to the report, the Tunisian Central Bank Governor stated that Hyperledger’s blockchain technology and Bitcoin, which was usually criticized by many for being a tool used by criminals, provided “central banks an efficient tool to combat money-laundering, manage remittance, fight cross-border terrorism and limit grey economics”.

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Priya is a full-time member of the reporting team at AMBCrypto. She is a finance major with one year of writing experience. She has not held any value in Bitcoin or other currencies.


Bitcoin nirvana is happening right now, says Max Keiser




Bitcoin nirvana is happening right now, says Max Keiser

Bitcoin’s price pump affected the altcoins’ valuation on an optimistic note. The digital coins recovered significantly this year after losing nearly 80% to 90% valuation since the market crash in the first quarter of 2018. As Bitcoin [BTC] continued to trade between $7,600 and $8,300, prominent analysts in the field speculated that the king coin could potentially spiral down a bit more. However, Max Keiser, a Wall Street veteran and host of the Keiser Report, who is also a noted Bitcoin bull is of the opinion that “crypto spring is here”.

The broadcaster, in the latest edition of the Keiser Report, stated,

“It’s just bleeding right into our lives we can hear the lawnmowers outside in there getting ready for crypto summer and then crypto fantasia crypto parallel dimension and the Bitcoin nirvana it’s all happening, it’s all happening, right now.”

Keiser also noted that the global economy was undergoing “deglobalization” which steemed out of uncertainty and volatility and added that there “was no way to hedge against that”.

Stacy Herbert, one of the most influential women in blockchain and a host alongside Keiser contributed to the discussion. She said at a time when deglobalization has hit the economy, one would certainly go along with Bitcoin. According to the broadcasters, trade wars between China and the USA was currently intensifying Herbert; While recalling history, they also took note that the empires started falling during the period of deglobalization which was eventually followed by the two world wars.

Keiser had previously remarked that “Bitcoin is hard money” very similar to gold, and added that it is going to “respond well to hyperinflation and hyper-money printing”.

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