Stock markets begin to recover since when Donald Trump, the President of the United States, was recently discharged from hospital after testing positive for COVID-19. This and more news in this handy daily digest so you're always up to date with the latest events happening within the crypto world.
📍 The stock market has started to react positively since it became known that Donald Trump, the current president of the United States, was discharged from hospital after being infected with the COVID-19 virus. On Monday, the 5th, all the main Wall Street indices gained between 1,4% and 2,5%, immediately after the president announced his discharge from the Walter Reed Medical Center.
Likewise, the data shown by Investing indicate a recovery in the main stock market indices, such as the IBEX 35 (IBEX), with 1,44%; IG Madrid Stock Exchange (SMSI), con 1,48% y S&P 500 (SPX) with 1,44% growth; although its main indicators, the Dow Jones Industrial Average (DJI) y NASDAQ Composite (IXIC) show a drop of 1,40% and 1,57% respectively as of the date of this publication.
📍 The Cayman Islands and Oman, a Middle Eastern country, have been removed from the European Union (EU) blacklist of tax havens, while Barbados and Anguilla have joined them. The organization issued a release reporting on the decision of the EU Council. This is a positive action for the Cayman Islands and Oman, but above all for the Caymans, which are once again presented with a unique opportunity for the exchanges and investors of cryptocurrencies, and digital assets, since the islands have favorable laws for the development of the crypto ecosystem.
📍 In the Los Angeles Blockchain Summit, the commissioner of the United States Securities and Exchange Commission (SEC), Hester Peirce, I speak on the importance of the main technologies that are currently being developed and are trending in the world. Peirce discussed topics such as decentralized finance (DeFi), the issuance of Tokens and the importance of governance tokens within DeFi protocols. Furthermore, the SEC commissioner, known for her proactive approach towards the development of cryptocurrencies and derivative products such as ETFs, noted that the topics discussed and her opinions are her own, and do not represent the SEC's view on these developments and innovations.
📍 In Estonia, the Eesti Pank, the country's Central Bank plans to study the technology blockchain to find out how suitable and favorable this technology is for the development of your digital currency CBDC. Technology services companies will participate in the study guardtime y The SW7 Group, who together with the Central Bank will carry out the necessary tests to know the potential and benefits of blockchain for the creation and development of the CBDC. The decision of this bank is in line with the actions of the European Central Bank (ECB) to issue a digital euro. For this reason, all central banks in the Eurozone will carry out in-depth research and analysis to understand the potential of new technologies on which digital currencies can be developed.
📍 Ripple CEO, Chris Larsen, announced plans to move its company to other jurisdictions, such as the United Kingdom, Singapore, Japan or Switzerland, since the United States is implementing laws and regulations that do not favor the development of crypto companies. statements Larsen’s remarks were made during the Blockchain Summit held in Los Angeles, where the CEO expressed that in the United States it seems that neither blockchain nor cryptocurrencies are welcome, and that the nation is behind in the adoption of new technologies and in the implementation of legislation that allows the development of “a global financial system based on cryptocurrencies.”
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