News, Rumors and Opinions Saturday PM 12-19-2020
TNT:
Harambe: Breaking News: Vietnamese Prime Minister Puts Cryptocurrency Among The Top 5 Technology Priorities
(12/19/20)
Vietnamese Prime Minister Nguyễn Xuân Phúc has recently signed an order that puts cryptocurrency and blockchain among its top-5 priorities.
As per the released document, this decision comes as part of prioritizing the “research, development and application to actively participate in the Fourth Industrial Revolution”.
The Blockchain revolution has swept across industries and even government institutions and agencies are looking to implement this technology for a transparent and better administration. However, this is not the first time that Vietnam has set its eyes on crypto.
Since 2018, the Vietnamese Ministry of Finance has initiated several measures to strengthen and manage crypto-related activities within the country. Interestingly, Vietnam has been approaching crypto and blockchain applications in a very different way.
In an attempt of pushing the National Digital Transformation, Vietnam’s Ministry of Information and Communications announced an enterprise blockchain platform akaChain in august 2018. Mr. Nguyen Thanh Hung, Deputy Minister of the Ministry of Information and Communications, said:
“akaChain will help businesses to quicken the process through blockchain-based applications such as eKYC (electronic Know Your Customer), credit scoring, loyalty programs, traceability, etc., which would be very challenging in the absence of technologies.”
Exchanges Launching Vietnamese-Dong pegged Stablecoin
A number of cryptocurrency exchanges recently have shown interest in launching stablecoins pegged to Vietnam’s national currency. Last month, crypto exchange VNDC launched the Vietnamese-Dong pegged stablecoin with 100% collateral held by First Digital Trust, a Hong-Kong-based regulated trustee.
The exchange allows its users to redeem this cryptocurrency against fiats from anywhere in the world. Moreover, users can also swap the stablecoin for Dong via the exchange.
On Friday, December 18, crypto exchange Binance also announced its support for Binance Vietnamese Dong [BVND]. this stablecoin is pegged to the Vietnamese Dong in a 1:1 ratio.
#Binance Supports Binance VND $BVND, a Vietnamese Dong Backed Stablecoin and Will List #BUSD/BVND and $USDT/BVNDhttps://t.co/30s4qqvOuY
— Binance (@binance) December 18, 2020
Crypto exchange Binance also added the Vietnamese-Dong for P2P trading. Binance founder and CEO Changpeng Zhao said:
“Vietnam has enormous economic growth potential, a vibrant entrepreneurship landscape, and wide cryptocurrency acceptance, making it the next global blockchain hub.
We look forward to expanding our services for the local community and supporting the growth of the Vietnamese blockchain ecosystem.”
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Alf: well we kicked the can to death and the carrot on the stick is all dried and shrunk up what's next?
Wrider22: alf Maybe it will be the pop heard around the world!
Jwill: I expect anything crazy coming from these folks . Lol
Wrider22: I thought the RV was going to happen Sunday. Since it's Saturday!? I can't understand any negativity.
Toolman: Just remember what Tony said on Friday,"We are in a great place, We knew it would get crazy at the end and it is creazy". Just remember stay seated until the ride comes to a complete stop.
RVAlready: Yes, they put 1450 out there, and security forces are preparing for protests. Now, who does that make sense to? :)
Fuze: This looks just like the RV trick we have been talking about for years!!!
SusanaC: RVALREADY--PROTESTING ALREADY ---- The Baghdad Post @BaghdadPostPlus · 22m Thousands of Iraqis are demonstrating at #Naseriyah' al-Haboubi square. They are refusing the repressive actions taken by the government against the peaceful protesters.
SusanaC: get your sneakers ready...brush that suite...review ur papers..put on your Negotiating Smile... and get ready to go get your $$$$$$
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Courtesy of Dinar Guru
Footforward [Is it possible they are adjusting the rate prior to dropping .000 off the exchange to get the desired rate post revalue?] if you believe they will just drop the zeros you could make a case for that. I've said very strongly in my opinion they can't just do that. They have to RV higher then one to one.
Pimpy "The Financial Committee announces the details of its meeting with the governor of the Central Bank regarding the price of the dollar" Don't be fooled by this...What I think they are trying to do is discourage people from buying them or to get people to turn them in. I could be wrong. I'm just saying this did happen with Kuwait. They told everybody no rate change was going to happen for a while and in fact they were going to go ahead and increase it but they didn't. Two days later they came out Boomshakalaka!
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Iraq Budget Leaked Showing 1450 IQD vs 1 USD
Currency365: Dec 19, 2020
Iraqi Dinar News 12/18/20 - still talking about rate change
Dec 18, 2020