What’s Going on in Crypto: Crypto is (Slowly) Taking Over America

It’s been one of those weeks where not much happens 👀. Looks like most people in the market are winding down for the year already 🥱. Considering how 2022 has been, that’s understandable. 

But even though the week was quiet, we got some exciting developments for everyone. Check out the week’s biggest headlines. 

The U.S. is Cryptoland! 🇺🇸

This week, JPMorgan released a report confirming that up to 13% of Americans – or about 43 million people – have held crypto at some point in their lives 👏. The report added that the number was just 3% in 2020, so crypto adoption is rising quickly 🏃. 

It’s pretty impressive that even despite the bear market, crypto is killing it in the United States. We sure can’t wait to see what the future holds. 

NOTE: We recently relaunched our Quidax Global Community Telegram group after the old one went offline. It’s been popping so far, and there are a lot of awesome opportunities for members. 

We’d really love for every Quidaxian back in the group, so please join in here

Brazil Wants A CBDC Too! 🇧🇷

Two weeks ago, Brazil’s parliament approved crypto as a payment method in the country. This week, the government confirmed plans to launch a Central Bank Digital Currency (CBDC) by 2024! 🤯

Brazil’s road to becoming a crypto superpower has been pretty interesting to see 😋. And they’re not showing signs of stopping anytime soon!  

Will You Use the eNaira Now? 🤔

So last week, Nigeria’s central bank announced that it would limit ATM withdrawals to ₦100,000 and ₦500,000 weekly for personal and business accounts respectively 🙈. 

Some people have claimed that the restrictions are an effort to boost the adoption of the eNaira. But, does this work?🤷‍♂️ If you’re a Nigerian, what do you think about the eNaira? 

France Wants to Regulate Crypto 🇫🇷

The French government is reportedly planning a new law that would require crypto companies in the country to get a license before they can operate 🪪. 

It’s not a full regulatory move, but it’s at least a start 👍. 


Disclaimer: All content in this article is general information and is not the opinion or perspective of any particular individual or entity. Nothing in the article is professional and/or financial advice. Evaluate all information properly before making decisions.


Related Articles