#anti crypto currency

[ayeforscotland]

In other news, the ‘Hawk Tuah’ lassie launched a cryptocurrency meme coin called $HAWK and it crashed from $500M to $60M in twenty minutes in what appears to be a very obvious rug pull scam.

People who have lost their life savings want to see her thrown in jail.

“I am a huge fan of Hawk Tuah but you took my life savings.” - Things said in bizarro world.

[unitedfrontvarietyhour]

"It is impossible for capitalism to survive, primarily because the system of capitalism needs some blood to suck. Capitalism used to be like an eagle, but now it’s more like a vulture. It used to be strong enough to go and suck anybody’s blood whether they were strong or not. But now it has become more cowardly, like the vulture, and it can only suck the blood of the helpless. As the nations of the world free themselves, capitalism has less victims, less to suck, and it becomes weaker and weaker."

- Malcolm X

(Pt.2)

[dencyemily]

Trump Pledges Opposition to Federal Reserve's Digital Currency in Presidential Bid

In a bold move during his 2024 presidential campaign, former U.S. President Donald Trump pledged to oppose the creation of a Central Bank Digital Currency (CBDC) by the Federal Reserve. Speaking in Portsmouth, New Hampshire, on January 17th, Trump emphasized his commitment to safeguarding Americans' freedom, categorically stating he would "never allow" the introduction of a CBDC. His stance resonates with other Republican leaders, such as Florida Governor Ron DeSantis, highlighting broader concerns within the party about potential government overreach in personal finance.

Trump's concerns center around the notion that a government-controlled digital currency poses a threat to freedom and privacy. He contends that such a currency could grant excessive power to the government over individuals' financial matters, potentially enabling unauthorized interventions.

[f4iry-bell]

WHO AM I? | 2

pairing: nerd grayson x popular reader

warning: miscommunication? indirect mention of segs but nothing direct or explicit.

taglist (permanent) : @unnoodles @nqds @alwaysthefangirl @clarissaweasley-10 @benny1989fredd @imaseabear @never-enough-novels @elysianwayy77 @whatsamongus @sheisntyou @emelia07 @cassie6392

series taglist: @inmyheaddd

word count: 1.4k

a/n: hope you guys like it, next part will have grayson with GLASSES. JAMIE CAMEO AND MY JAMIE X NERD READER FIC CROSSOVER LOWKEY

part 1 | masterlist

Grayson tried hard not to think about her because he knew that she would have probably forgotten about him by now. There is nothing interesting about him anyway, unlike her. It was getting harder and harder for him to ignore her because they share a class, and well now his Instagram feed is filled with her because he made the mistake of stalking her page the night after their little disagreement. In defense, she was too pretty not to stalk, and everything about her was attractive.

_

Unlike what Grayson might think, Grayson was in her head. Everytime her ‘friends’ say something to her his words will be playing in her head like a broken record. She realised it first when she told her friend Lily that she got an A in her business class and Lily said “Thanks to Grayson. Don't you love being pretty and doing nothing?” in a mocking way. Lily didn't believe her when she said she actually worked on the project, and even caught up on the lessons. 

But Lily laughed “You? Stop joking. You barely know what is going on in class.”

“I do!” She protested but Lily just kept making fun of her for being dumb as if she is anything better. On top of this, the guys she's friends with acted like jerks making awful inappropriate accusations about her and Grayson. She denied them all, but she didn't like how they responded.

“Of course. You wouldn't go for someone with no social status in college.” One of them said. 

Everything after that evening was just proving Grayson’s point. She noticed how mad her friends get when she posts them and forgets to tag them in her story. Or how they'd always want her to post the best pictures of them and always post the pictures in which she isn't that great. It was tiring at one point. 

After two weeks of this realisation and madness she texted Grayson. 

Hey, I'm sorry for calling you a jerk. You were right about my ‘friends’ ;/ 

To which Grayson replied immediately.

G:It's alright. 

Are you mad at me?

G: Why would I be?

Because…I was rude to you.

G: It's fine. I forgive you.

Thanks xo

Grayson wanted to text further and keep the conversation going but he just liked the message and left. Truth is he didn't know what to text her. He knows her but he doesn't know her enough to keep a conversation going. But lucky for him she texted him. She double texted him. It must mean something, right?

Are you asleep?

G: No.

Me too. Also may I know why you're so anti-social? You are sort of cold but sometimes you even crack funny jokes, a VERY interesting person. If you just try, people would love to be friends with you.

G: I don't like people, they're annoying. Always in my business.

Oh! 

G: Yeah.

Good night, gotta sleep.

He didn't know what to reply to, so he just liked and left it. Did he do something wrong? Why didn't she keep the conversation going? He got comfortable in bed to text her for another hour or however long she wanted. 

_

It was the Harvard and Yale football match. Normally Grayson would look into crypto currency or read the newspaper but since his brother Jameson Hawthorne is coming to see the match he has no choice but to go. He wore a burgundy shirt paired with beige pants, he didn't exactly ditch his suits but his brothers forced him quit wearing suits to college, they said someone might mistake him for the professor. Grayson was sitting on the bleachers waiting for Jameson who was late. He looked around taking in his environment and his eyes landed on her. She always stood out from the crowd, she was sitting with her ‘friends’ but she wasn't talking, she was just on her phone. Her hair was done up to a high ponytail, and she was wearing a red sweater. She looked so beautiful.

“How long are you going to stare?” Grayson immediately looked up to see Jameson standing with snacks.

“I wasn't staring.” Grayson tried to deny it.

“Sure.” 

“I wasn't.”

“Look! She's looking at you!” Jameson pointed which got an immediate reaction from Grayson. He looked back at her to find her still on her phone. “So?”

“So?”

“Who is she?” Jameson asked.

“No one.”

“Didn't act like no one the way you looked.” Jameson smirked.

“A friend, I think.”  he wasn't sure.

“You think? Tell me what is it with her?” He asked.

“There's nothing.” Grayson told him.

“You sound like you want something to be there, though.” Jameson read his face.

“Stop analysing me, I thought you were skipping your psychology classes.” Grayson said.

“That was before.”

“Before what?”

“I'll tell you mine, if you tell me about her and what's with you and her.” He asked.

“There isn't anything, Jamie. We didn't hit off well at the start—”

“I'm shocked!” Jameson commented to which Grayson glared. “Sorry, continue.”

“And then we were assigned as project partners. We did more than just the project—”

“You said nothing!” Jameson interrupted.

“—As in we studied. Will you stop interrupting? And I told her that her friends I'll treat her, she was in denial, called me a jerk. She came to realise. She apologised, we texted and then suddenly everything was…off? I don't know why, I thought she wanted to be friends or talk. I don't exactly know what I was expecting but when she stopped texting me, I was disappointed” He tried his best to put everything together.

“Woah. Okay, show me your texts.” Jameson demanded.

“No.”

“I'll help you.”

“With what?”

“To get her! You clearly like her or else wouldn't fret about a girl not texting you!” He took his phone out and gave it to Jameson, Jameson read their texts and spoke.

“You told her you don't like people.��� He said.

“I did. Which is true.”

“Idiot. She probably thought she was annoying you by texting you.” Jameson chuckled.

“What? No. I wanted her to text me.” 

“Well, you gotta up your game. Tell her that you like talking to her, ask her out.”

“No! She doesn't know me well enough for me to ask her out.”

“Well, just tell her that you didn't mean everyone, okay?” 

_

Grayson thought of texting her but he decided to tell her directly. He walked to her table in the cafeteria and waited for her to turn to him. Her friend noticed him first.

“Another group project, nerd?” Lily said, rolling her eyes.

“Stop it, Lily.” She stood up from her seat to talk to Grayson. “Hey.” 

“Hi.” He was so nervous.

“What is it?” She asked.

“Can…Can we talk?” God, did he just stutter?

“Uh, sure.” 

They both walked further away from the table and then he spoke.

“A few days ago when I texted you saying I don't like people…” His heart was beating so fast, she looked so pretty he couldn't focus.

“yeah?”

“I didn't mean you.”

“Huh?”

“You, I like you.”

Her eyes widened.

He immediately spoke. “As in, you're not bad, not like I like you romantically, I like you because you're nice. You're not everyone.” His words came out so fast.

She chuckled. “I got it, Grayson. No worries. Is that all?”

“Yes.”

“Well, thanks for saying. I actually thought I was annoying you.” She chuckled.

“Jamie was right.” He mumbled, which she heard.

“Who is Jamie?”

“My brother.”

“Oh?” She was so confused.

“He was the one who told me that you might have thought that I included you in the ‘everyone’” He chuckled awkwardly.

“You told your brother about me?*m” She asked with a smile.

“He sort of forced it out of me.”

Her smile widened. “I'm glad that you did. Because I kind of missed you.”

His heart stopped and started beating again. “You did?”

“Yeah. I missed how you randomly say random facts or one of your many talents.”

He blushed. He actually blushed.

She chuckled at his reaction. “Hey, do you want to hang out after college? There is a party.”

“Party isn't really my scene.”

“Oh, okay. Sorry.”

“Don't apologise. And I'll be there.”

Her eyes lightened up. “Well, okay.” She chuckled. “Have you been to one before?”

“2”

“Woah. Mine is like 20 times or something” she chuckled. “I'll send you the details. 

part 3 →

[mariacallous]

Since President Donald Trump took office, US authorities have increasingly abdicated responsibility for policing crypto-related offenses. Attorneys and lawmakers fear the resulting enforcement vacuum could be used to violate rules with impunity.

While running for office, Trump repeatedly declared himself a champion of bitcoin, and members of his family have become thoroughly entangled with the crypto industry. Over the past few months, his administration has set about unravelling Biden-era crypto enforcement policies thread-by-thread, defanging the civil enforcement division that previously targeted the crypto industry and pardoning crypto executives who had pleaded guilty under the previous regime. Now, the Department of Justice is retreating from crypto enforcement as well.

On Monday evening, in a letter addressed to all DOJ employees, deputy attorney general Todd Blanche announced that the agency would deprioritize certain criminal prosecutions against crypto businesses, including failures to prevent money laundering and obtain money transmission licenses. As part of the change, the DOJ will disband its National Cryptocurrency Enforcement Team (NCET), a unit that specializes in investigating crypto-related criminality.

“The prior administration used the Justice Department to pursue a reckless strategy of regulation by prosecution, which was ill conceived and poorly executed,” the letter stated. “The Department will no longer target virtual currency exchanges, mixing and tumbling services, and offline wallets for the acts of their end users or unwitting violations of regulations.”

The DOJ will continue to prosecute individuals who use crypto in crimes including terrorism, drug trafficking, hacking, and other high-priority offenses. But the agency’s new stance implies that crypto businesses will be allowed to play fast and loose with certain statutes, at least until regulators come out with a rulebook for the industry, experts say.

“The rollbacks send the message that they are really not going to prosecute people for crypto-related crimes or regulatory violations unless it involves something severe,” claims Christopher LaVigne, a former US prosecutor and partner at law firm Withers. “The hope is that we get more clarity—a workable system that prevents fraud, protects consumers, and allows the field to innovate. The fear is what happens in the vacuum.”

The DOJ did not respond immediately to a request for comment.

The DOJ’s deprioritization of crypto enforcement follows a similar retreat by the Securities and Exchange Commission, the financial regulator that pursued the crypto industry most doggedly under former president Joe Biden, which has recently withdrawn from multiple cases filed against high-profile crypto firms. “The dismantling of the SEC enforcement program is mammoth,” one former SEC staffer told WIRED in February.

Elsewhere, the SEC has distanced itself from oversight of memecoins, a class of crypto coin that typically has no strict purpose but to act as a vehicle for financial speculation, which are frequently abused to squeeze money from unwitting investors. Shortly before the inauguration, Trump and his wife Melania launched memecoins of their own.

In late March, the president pardoned the cofounders of crypto exchange BitMEX, who in 2022 pleaded guilty to charges relating to their failure to maintain an adequate anti-money-laundering program, a move that followed the pardoning of Silk Road creator Ross Ulbricht, whose case had become a cause célèbre in crypto circles. A month after Chinese entrepreneur Justin Sun announced he had invested $75 million in World Liberty Financial, a crypto project with ties to the Trump family, the SEC petitioned a federal judge to pause its ongoing fraud case against him and several of his companies. (A status report on the case is expected to be submitted this spring.)

Meanwhile, the Trump family’s crypto empire continues to expand. In late March, Eric Trump and Donald Trump Jr., the president’s sons, announced a new bitcoin mining venture. Shortly before that, the parent company of Truth Social, Trump’s social media platform, entered an agreement to launch a series of crypto-exchange-traded funds. President Trump himself has previously issued NFTs, in addition to his memecoin.

At least until July, by which time the US government’s new “working group on digital assets” is required to recommend an approach to overseeing the crypto industry, it will remain unclear which laws and regulations will be enforced against crypto businesses—and by whom. “There was a pretty clear sheriff in town: [former SEC chair Gary] Gensler. Now there’s not,” says LaVigne.

Though the new DOJ orders do not prohibit prosecutors from investigating crypto businesses, the practical realities of the job—the way budget is allocated, how investigations are staffed, the possibility that supervisors may decline to proceed with a case—mean they achieve a similar result, says Daniel Silva, another former prosecutor and attorney at law firm Buchalter.

“If I’m a prosecutor, I’m not sure I’m interested,” says Silva. “If I’m doing long-term, complex financial investigations involving international fraud, I can manage three or four at a time. Am I going to spend years on a [crypto] case that might get declined?”

The upshot is likely to be that crypto firms are left alone to pursue experimental types of crypto tokens, transactions or products, even if they stretch the limits of applicable laws. “If you’re a cryptocurrency company right now, you have a bit more certainty that over the next couple of years your risk tolerance might expand without getting punished as much as it would have,” says Silva.

In a letter to the DOJ on Thursday, six Democratic senators argued that loosening the grip on platforms responsible for the flow of crypto assets will lead to dangerous downstream outcomes too. “Drug traffickers, terrorists, fraudsters, and adversaries will exploit this vulnerability on a large scale,” the letter states.

The DOJ’s position may not, though, be the free pass that it seems, claims Joshua Naftalis, a former prosecutor who is currently a partner at law firm Pallas Partners. Although the DOJ is likely to pursue only a few crypto-related cases under Trump, he says, businesses cannot be assured that present day infractions will not be punished by future administrations. That should temper the crypto industry’s willingness to flout, say, anti-money-laundering requirements.

“I’m sure it’s a breath of relief for the crypto industry,” says Naftalis. “But there’s a statute of limitations. A different president could always go back and charge these cases. It would be a false sense of security.”

Equally, the DOJ will continue to draw a hard line at fraud, the former prosecutors claim. “You cannot just commit flagrant financial crimes and expect no one to look at it,” says Silva.

There is a degree to which all parties—from crypto businesses to the prosecutors tasked with these new orders—will be required to read between the lines. “The signal is that the industry is not in the doghouse anymore,” says Naftalis. “They still have to comply with the laws. The question is which ones will be enforced—and by whom?”

[darkmaga-returns]

People continue to ask if Bitcoin will replace the dollar. They believe that the recent surge in Bitcoin indicates that it will topple the USD as the world’s reserve currency, but that is merely propaganda. You must understand that Bitcoin is simply a trading vehicle, not a currency. I cannot stress that point enough. My opinion has been unpopular, and clients have walked away due to my stance on crypto. That’s fine, as I am not in this for the money. I can only adequately inform my clients of the unbiased truth and hope that those willing to listen will heed the computer’s warnings.

To begin with, there is much speculation about the founder(s) — Satoshi Nakamoto – who created Bitcoin (BTC) on June 3, 2009. The mystery person or group (or government agency) has been MIA since 2011. Yet 1 million Bitcoins remain in their original account, untouched. His wallet is estimated to be worth over $81 billion at the time of this writing, and if this is indeed an individual, he or she is one of the top 15 richest people in the world. They have never moved a fraction of a BTC from their account. So, one wallet contains 5% of all mined bitcoin. Will this person or entity perpetually hold?

They expect us to believe some mysterious Japanese man created the blockchain technology and simply evaded all world governments. They claim Bitcoin is an anti-government vehicle, but it is a bureaucrat’s dream because it allows them to track where funds are coming from and going. In 1996, the US government released a white paper entitled, “How to make a mint: the cryptography of anonymous electronic cash.” Released by the National Security Agency Office of Information Security Research and Technology, this document explains how a government agency could create something like Bitcoin or another cryptocurrency. They had been attempting to create one for years and then magically Bitcoin came on the scene.

I encourage anyone interested in crypto to read my article regarding this study. Blockchain was created with surveillance at the top of mind.

[finverseinsights]

Why Crypto Payments are the Key to Future-Proofing Your Business.

Introduction

In recent years, cryptocurrencies have really been on the radar big time. Big time in ways they're a digital currency that harnesses blockchain technology, which has the potential to completely shake up a lot of different kinds of businesses and transactions. The emergence of cryptocurrencies, especially Bitcoin, has encouraged businesses to think about embracing crypto payments as a way to remain competitive and future-proof their businesses Crypto as an Investment: Volatility and Opportunities

Cryptocurrencies are now a sought-after investment asset, they are extremely volatile. Big swings in crypto prices like Bitcoin and Ethereum have really given investors a chance to do well big time. But of course, that volatility means investors are also risking very big losses, losses like market crashing and real money going up in smoke at the financial winds. In spite of this, most cryptocurrency proponents consider digital currencies a good avenue for diversifying investment portfolios, cognizant of the fact that cryptocurrencies are not stable, long-term assets but speculative investments. For companies, this is a two-edged sword—accepting cryptocurrencies as payment may unlock new revenue streams but companies have to carefully weigh their risk appetite when considering their participation in the world of cryptocurrencies.

Benefits of Acceptance of Crypto Payments

Beyond the risks, moving to accepting different types of cryptocurrency is a win for companies especially those in financial tech. These benefits include:

Lower Transaction Fees: Conventional payment processors and financial intermediaries usually impose high transaction fees. Cryptocurrencies usually have lower transaction fees.

Speedier Transactions: Transactions involving cryptocurrencies are much quicker than traditional banking systems, particularly cross-border payments, where old financial systems take days to clear transactions.

New Customer Bases Access: By embracing cryptocurrency, companies can access a worldwide market of crypto investors and enthusiasts. This gives companies new access to customers who are perhaps excited about making transactions digitally or through decentralized routes.

Improved Security and Fraud Protection: Cryptocurrencies employ encryption and blockchain technology to protect transactions, making it much less likely for fraud or chargebacks to occur.

Challenges and Considerations

Sure, while there are great benefits to adopting cryptocurrency payments for companies, there are also many things to consider and pay attention to. The biggest concern is the built-in price volatility of digital currency, which may lead to unforeseen profits or losses for companies holding crypto assets. To avoid that risk, companies need contingency plans to handle crypto assets and convert them into stable currencies if need be.

Furthermore, the regulatory environment for cryptocurrencies is also developing. Governments across the planet are trying to devise rules and ways to collect taxes on digital money, but some corporations are unsure of their future, because they see rules as unclear and even unstable. Companies should make sure they adapt to local regulations, such as anti-money laundering (AML) and know-your-customer (KYC) regulations, in order to avoid a potential legal battle.

The Future of Cryptocurrency in Business

The increasing use of cryptocurrencies indicates that companies adopting crypto payments now may have a head start in the future. Companies that jump the gun and start taking cryptocurrency payments have a great chance to stand out and lead in their industries. With the rise of blockchain technology, brand new inventions like tokenization, smart contracts has the potential to really change the way all sorts of companies do business, trade and deal with supply chains.

As companies take bigger and bolder steps towards both digitization and decentralized systems, digital currency really offers a nifty shortcut for making transactions slicker, and snappier and also opens new doors to new markets.

Conclusion

In summary, although cryptocurrency payments come with some risks, the potential advantages make them an attractive choice for companies looking to future-proof their business. By embracing crypto payments, companies can lower transaction costs, enhance transaction speed, gain access to new customer bases, and enhance security. Of course, there are still issues like volatility and uncertainty about the rules that get in the way, but for companies that really get involved in companies that use crypto transactions wisely, there can be long-term huge benefits. As the economy keeps changing, embracing cryptocurrency today could make someone a pioneer in the future generation of financial technology.

[thebrandscalingexpert]

How to Develop a P2P Crypto Exchange and How Much Does It Cost?

With the rise of cryptocurrencies, Peer-to-Peer (P2P) crypto exchanges have become a popular choice for users who want to trade digital assets directly with others. These decentralized platforms offer a more secure, private, and cost-effective way to buy and sell cryptocurrencies. If you’re considering building your own P2P crypto exchange, this blog will guide you through the development process and give you an idea of how much it costs to create such a platform.

What is a P2P Crypto Exchange?

A P2P crypto exchange is a decentralized platform that allows users to buy and sell cryptocurrencies directly with each other without relying on a central authority. These exchanges connect buyers and sellers through listings, and transactions are often protected by escrow services to ensure fairness and security. P2P exchanges typically offer lower fees, more privacy, and a variety of payment methods, making them an attractive alternative to traditional centralized exchanges.

Steps to Develop a P2P Crypto Exchange

Developing a P2P crypto exchange involves several key steps. Here’s a breakdown of the process:

1. Define Your Business Model

Before starting the development, it’s important to define the business model of your P2P exchange. You’ll need to decide on key factors like:

Currency Support: Which cryptocurrencies will your exchange support (e.g., Bitcoin, Ethereum, stablecoins)?

Payment Methods: What types of payment methods will be allowed (bank transfer, PayPal, cash, etc.)?

Fees: Will you charge a flat fee per transaction, a percentage-based fee, or a combination of both?

User Verification: Will your platform require Know-Your-Customer (KYC) verification?

2. Choose the Right Technology Stack

Building a P2P crypto exchange requires selecting the right technology stack. The key components include:

Backend Development: You'll need a backend to handle user registrations, transaction processing, security protocols, and matching buy/sell orders. Technologies like Node.js, Ruby on Rails, or Django are commonly used.

Frontend Development: The user interface (UI) must be intuitive, secure, and responsive. HTML, CSS, JavaScript, and React or Angular are popular choices for frontend development.

Blockchain Integration: Integrating blockchain technology to support cryptocurrency transactions is essential. This could involve setting up APIs for blockchain interaction or using open-source solutions like Ethereum or Binance Smart Chain (BSC).

Escrow System: An escrow system is crucial to protect both buyers and sellers during transactions. This involves coding or integrating a reliable escrow service that holds cryptocurrency until both parties confirm the transaction.

3. Develop Core Features

Key features to develop for your P2P exchange include:

User Registration and Authentication: Secure login options such as two-factor authentication (2FA) and multi-signature wallets.

Matching Engine: This feature matches buyers and sellers based on their criteria (e.g., price, payment method).

Escrow System: An escrow mechanism holds funds in a secure wallet until both parties confirm the transaction is complete.

Payment Gateway Integration: You’ll need to integrate payment gateways for fiat transactions (e.g., bank transfers, PayPal).

Dispute Resolution System: Provide a system where users can report issues, and a support team or automated process can resolve disputes.

Reputation System: Implement a feedback system where users can rate each other based on their transaction experience.

4. Security Measures

Security is critical when building any crypto exchange. Some essential security features include:

End-to-End Encryption: Ensure all user data and transactions are encrypted to protect sensitive information.

Cold Storage for Funds: Store the majority of the platform's cryptocurrency holdings in cold wallets to protect them from hacking attempts.

Anti-Fraud Measures: Implement mechanisms to detect fraudulent activity, such as IP tracking, behavior analysis, and AI-powered fraud detection.

Regulatory Compliance: Ensure your platform complies with global regulatory requirements like KYC and AML (Anti-Money Laundering) protocols.

5. Testing and Launch

After developing the platform, it’s essential to test it thoroughly. Perform both manual and automated testing to ensure all features are functioning properly, the platform is secure, and there are no vulnerabilities. This includes:

Unit testing

Load testing

Penetration testing

User acceptance testing (UAT)

Once testing is complete, you can launch the platform.

How Much Does It Cost to Develop a P2P Crypto Exchange?

The cost of developing a P2P crypto exchange depends on several factors, including the complexity of the platform, the technology stack, and the development team you hire. Here’s a general cost breakdown:

1. Development Team Cost

You can either hire an in-house development team or outsource the project to a blockchain development company. Here’s an estimated cost for each:

In-house Team: Hiring in-house developers can be more expensive, with costs ranging from $50,000 to $150,000+ per developer annually, depending on location.

Outsourcing: Outsourcing to a specialized blockchain development company can be more cost-effective, with prices ranging from $30,000 to $100,000 for a full-fledged P2P exchange platform, depending on the complexity and features.

2. Platform Design and UI/UX

The design of the platform is crucial for user experience and security. Professional UI/UX design can cost anywhere from $5,000 to $20,000 depending on the design complexity and features.

3. Blockchain Integration

Integrating blockchain networks (like Bitcoin, Ethereum, Binance Smart Chain, etc.) can be costly, with development costs ranging from $10,000 to $30,000 or more, depending on the blockchain chosen and the integration complexity.

4. Security and Compliance

Security is a critical component for a P2P exchange. Security audits, KYC/AML implementation, and regulatory compliance measures can add $10,000 to $50,000 to the total development cost.

5. Maintenance and Updates

Post-launch maintenance and updates (bug fixes, feature enhancements, etc.) typically cost about 15-20% of the initial development cost annually.

Total Estimated Cost

Basic Platform: $30,000 to $50,000

Advanced Platform: $70,000 to $150,000+

Conclusion

Developing a P2P crypto exchange requires careful planning, secure development, and a focus on providing a seamless user experience. The cost of developing a P2P exchange varies depending on factors like platform complexity, team, and security measures, but on average, it can range from $30,000 to $150,000+.

If you're looking to launch your own P2P crypto exchange, it's essential to partner with a reliable blockchain development company to ensure the project’s success and long-term sustainability. By focusing on security, user experience, and regulatory compliance, you can create a platform that meets the growing demand for decentralized crypto trading.

Feel free to adjust or expand on specific details to better suit your target audience!

[cashappbitcoinwithdrawallimitt]

Cash App Bitcoin Withdrawal Limits: A Complete Guide for Users

Cryptocurrency has revolutionized the way we think about money, and platforms like Cash App have made it easier than ever to buy, sell, and withdraw Bitcoin. Whether you’re a seasoned crypto trader or just dipping your toes into the world of digital currencies, understanding the limits imposed by Cash App is crucial. One of the most common questions users have is, “What’s the maximum limit to Cash App Bitcoin withdrawal?”

In this comprehensive guide, we’ll explore everything you need to know about Cash App Bitcoin withdrawal limits, including daily, weekly, and monthly caps. We’ll also discuss how these limits are determined, how you can increase them, and address some frequently asked questions to ensure you have all the information you need to manage your Bitcoin transactions effectively.

What are the Cash App Bitcoin Withdrawal Limits?

Cash App is a popular mobile payment service that allows users to buy, sell, and withdraw Bitcoin directly from their smartphones. While the platform is known for its user-friendly interface and seamless integration with traditional banking, it does impose certain limits on Bitcoin transactions to ensure security, compliance, and risk management. These limits vary depending on factors such as account verification status, transaction history, and adherence to Cash App’s policies. Let’s break down the key aspects of Cash App Bitcoin withdrawal limits:

The Cash App Bitcoin daily withdrawal limit is typically 2,000 for unverified accounts. This means you can withdraw up to 2,000 worth of Bitcoin in 24 hours. However, this limit can increase significantly once your account is verified.

Cash App also enforces a weekly Bitcoin withdrawal limit, which is usually 5,000 for unverified accounts. This limit resets every seven days, allowing you to withdraw upto 5,000 worth of Bitcoin within that time frame.

For active users, the Cash App sets a monthly Bitcoin withdrawal limit. While the exact amount may vary, it is generally higher than the weekly limit, providing more flexibility for frequent transactions.

The maximum Bitcoin withdrawal limit on the Cash App depends on your account status. Verified accounts with a strong transaction history can enjoy significantly higher limits, sometimes exceeding $25,000 per week or more. However, these limits are not fixed and may vary based on Cash App’s internal policies.

Factors That Influence Cash App Bitcoin Withdrawal Limits

Cash App’s Bitcoin withdrawal limits are not arbitrary; they are influenced by several factors, including:

1. Account Verification Status

Unverified accounts have lower withdrawal limits compared to verified accounts. To verify your account, you’ll need to provide personal information such as your full name, date of birth, and Social Security Number (SSN), as well as a valid government-issued ID.

2. Transaction History

Cash App rewards users with a consistent and responsible transaction history by increasing their withdrawal limits. If you regularly buy, sell, and withdraw Bitcoin without any issues, you’re more likely to see higher limits.

3. Compliance with Cash App’s Policies

Adhering to Cash App’s terms of service and community guidelines is essential for maintaining or increasing your withdrawal limits. Any violations, such as fraudulent activity or chargebacks, can result in reduced limits or account suspension.

4. Regulatory Requirements

Cash App must comply with financial regulations, including anti-money laundering (AML) and know-your-customer (KYC) requirements. These regulations play a significant role in determining withdrawal limits.

How to Increase Your Cash App Bitcoin Withdrawal Limit?

If you’ve reached your Cash App Bitcoin withdrawal limit and need to increase it, there are several steps you can take:

Open the Cash App and navigate to the Profile section.

Provide the required personal information, including your full name, date of birth, and Social Security Number (SSN).

Submit a valid government-issued ID for verification.

Once your account is verified, your Bitcoin withdrawal limits will automatically increase.

FAQs About Cash App Bitcoin Withdrawal Limits

1. What is the Cash App Bitcoin monthly withdrawal limit?

The monthly withdrawal limit varies but is generally higher than the weekly limit. Verified accounts may enjoy significantly higher monthly limits.

2.  Can I withdraw Bitcoin from the Cash App to an external wallet?

Yes,  the Cash App allows you to withdraw Bitcoin to an external wallet. Enter the wallet address and confirm the transaction.

3. What is the Cash App Bitcoin purchase limit?

The Cash App Bitcoin purchase limit varies depending on your account status. Verified accounts typically have higher purchase limits.

4. How do I increase my Cash App Bitcoin sending limit?

To increase Cash App Bitcoin sending limit, verify your account and maintain a strong transaction history. You can also contact Cash App support for assistance.

5. Does Cash App have a Bitcoin deposit limit?

Cash App does not impose a deposit limit for Bitcoin. However, withdrawal limits apply when transferring Bitcoin to an external wallet.

Conclusion

If you have any further questions or need assistance, don’t hesitate to reach out to Cash App support. Happy trading! By following the steps and tips outlined in this blog, you’ll be well-equipped to navigate Cash App’s Bitcoin withdrawal limits and maximize your cryptocurrency transactions. Don’t forget to share this guide with others who might find it helpful!

[cauchesque]

fucked up how much more ratblr reblogs you now that your name isn't "sbf-did-nothing-wrong". if they didn't like you at your worst they don't deserve you at your best

that is so fucking true anon, but the fight never ends. sam bankman-fried will walk free again, one way or another. the anti-crypto deep state will fall and the people's currency will assume it's rightful place. and then they will all see anon, they'll all see

[mostlysignssomeportents]

Red Team Blues Chapter One, part three

With just days to the publication of my next novel, Red Team Blues, I’m taking the chance to serialize the first chapter of this anti-finance finance thriller, and introduce you to Marty Hench, a 67-year-old forensic accountant who specializes in Silicon Valley finance scams.

If you’d like an essay-formatted version of this post to read or share, here’s a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:

https://pluralistic.net/2023/04/19/whats-wrong-with-iowa/#henched

Marty is ready to retire, but there’s just one more job he has to do — recover a billion dollars’ worth of cryptographic keys that are claimed by money-launderers, narcos, and shady US three letter agencies.

Here’s the previous installments:

Part one:

https://pluralistic.net/2023/04/17/have-you-tried-not-spying/#unsalted-hash

Part two:

https://pluralistic.net/2023/04/18/cursed-are-the-sausagemakers/#henched

Here’s where US readers can pre-order the book:

https://us.macmillan.com/books/9781250865847/red-team-blues

Here’s pre-orders for Canadians:

https://services.raincoast.com/scripts/b2b.wsc/featured?hh_isbn=9781250865847&ht_orig_from=raincoast

And for readers in the UK and the rest of the Commonwealth:

https://uk.bookshop.org/p/books/red-team-blues-cory-doctorow/7225998?ean=9781804547755

And now, here’s today’s serial installment:

I grunted noncommittally. Danny had been around since crypto meant “cryptography,” and I hadn’t figured him to become one of these blockchain hustlers. They’re the kind of smart people who outsmart themselves, especially when it comes to shenanigans, forgetting that their public ledger is public and all their transactions are visible to the whole world forever. Forensic accounting never had a better friend than crypto, with its mix of public ledgers, deluded masters of the universe, and suckers pumping billions into the system. It was full employment for me and my competitors until cryptocurrency’s carbon footprint rendered the earth uninhabitable.

“There are certain technical differences between Trustless and other coins. Will you allow me to explain them to you? I promise it’s germane and I’m not trying to sell you anything.” “Aw, hell, Danny, you can tell me anything. I just get sick of being hustled.”

“Me, too, pal. Okay, if you mentioned distributed sudoku puzzles, you know something about proof of work: the way blockchain maintains the integrity of its ledger is by having everyone in the system repeatedly do compute work that reaffirms all the entries in the ledger. So long as the value of all the assets in the ledger is less than the electricity bill for taking over the majority of the compute work, they’re safe.”

“That means that the more valuable all this blockchain stuff becomes, the more coal they have to burn to keep it all from being stolen,” I said. It was something I’d almost said to the bros at dinner the night before, but I didn’t want an argument to distract from the otherwise lovely time I’d been having with my entirely lovely companion.

“That’s fair,” he said. “That’s what every greenie who hasn’t received a couple of mil in donations from surprised crypto-millionaires will tell you. But, Marty, that’s a problem with proof of work, not with distributed ledgers. If you could build a blockchain that had a negligible carbon budget, you could do a lot with it.”

“Launder money. Badly.”

“That,” he said. “Lot of Chinese entrepreneurs and officials are anxious to beat currency controls. But it’s not just money, it’s anything you want to have universally available, unfalsifiable, and cryptographically secured.”

“Laundered money.”

He made a face. “Cynic. Not laundered money. Genocide-­proof ID. Cryptographically secured, write-­only manifests of a person’s identifiers, including nationality, vitals, and ethnic group, but each one has its own key, held by the Blue Helmets. You get to a border and you present your biometrics, and the UN tells the border guards your nationality but not your ethnicity.”

“Fanciful.”

“Cynic! Yeah, fine, no one’s doing it yet, but we could. All that blockchain for good shit that the hucksters talked up to make it sound like proof of work wasn’t a crime against humanity. Trust­ lesscoin lets you do them because it doesn’t need the sudoku.”

I dredged up memories of half-­digested podcasts I’d listened to on the road. “Is it a proof-­of-­stake thing?”

He snorted. “Don’t try to sound smart, Marty, you’ll sprain something. No, it’s secure enclaves. That crypto-­sub-­processor in your iPhone that Apple uses to keep you from switching to another app store? It can run code. What’s more, it can sign the output. So we can send you a program and check to see whether it ran as intended, because we know that the owner of a phone can’t override the secure enclave. Far as Apple’s concerned, iPhone owners are the enemy, and their threat model treats the device owner as an adversary — ­as someone who might get apps someplace that doesn’t kick a fifteen to thirty percent vigorish up to Apple for every transaction, depriving its shareholders of their rake.

“Any device with a secure enclave or other trusted computing module is a device that treats its owner as the enemy. That’s a device we need, because when you’re in the Trustlesscoin network, that device will defend me from you, and you from me. I don’t have to trust you, I just have to trust that you can’t break into your own phone, which is to say that I have to trust that Apple’s engineers did their job correctly, and well, you know, they’ve got a pretty good track record, Marty.”

“Except?”

He finished his lemonade and scowled at the reusable straw.

“Yeah, except. Look, Trustlesscoin is on track to become the standard public ledger for the world. I know, I know, every founder talks that ‘make a dent in the universe’ crap, but I mean it. You want to know how serious I am about this? I took in outside capital.”

He let me sit with that a moment. Danny Lazer, the man who ate ramen in a twenty-­year-­old, bent-­axle RV for decades with the love of his life so he’d never have to take a nickel from any of those bloodsuckers on Sand Hill Road, and he took in outside capital. Danny Lazer, a man who’d owned 75 percent of a unicorn, which is to say, seven-­point-­five-­times-­ten-­to-­the-­eight U.S. American Greenback Simoleon Dollars, and he took in outside capital.

“Why? And also, what for?”

He laughed. “Watching you work out a problem is like watching a bulldog chew a wasp, brother. You’ve got a hell of a poker face, but when you start overclocking the old CPU, it just melts. I’ll tell you why and what for.

“First of all, I wanted to create something for Sethu. She’s never had the chance to live up to her potential. She’s smart, Marty, smart like Galit was, but she’s also technical, and managerial, and just born to run things. I’ve never met a better candidate for a CEO than she is. And I’m not young, you know that, and there’s going to be a long time after I’m dead when she’ll still be in her prime, and I wanted to make something she could grow into and grow around her.

“I’d been playing with the idea behind Trustless since the early 2000s, when Microsoft released its first Trusted Computing papers, all the way back in the Palladium days! So Sethu and I hung up a whiteboard in the guest room and started spending a couple of hours a day in there. I didn’t want to bring in anyone else at first, first because it seemed like a hobby and not a business, and hell, every cryptographer I know is working seventy-hour weeks as it is.

“Then I didn’t want to bring in anyone else because I got a sense of how big this damned thing is. I mean, there’s about two trillion in assets in the blockchain today, and that’s with all the stupid friction of proof-­of-­work. When we lift the shackles off of it, whoosh, we’re talking about a ledger that will encompass more assets than the total balance sheets of twenty or thirty of the smallest UN members . . . ​combined.

“You know me, Marty. I don’t believe in much, but when I do believe in something, I’m all in. All. In. And so I brought some people in.”

“What for, though? Danny, how much of your Keypairs jackpot did you manage to blow? How much money could you possibly need, and for what? Are you building your own chip foundry? Buying a country?”

“We actually thought of doing both of those things, you know, but decided we didn’t need the headaches. The Keypairs money’s only grown since I cashed out, thanks to the bull runs. I can’t spend it all, won’t be able to. It would sicken me to try, because I’d have to be so wasteful to even make a dent in it.

“The reason I went for outside capital wasn’t money, it was connections.”

I groaned. Every grifter in private equity and VC-­land claimed that they had “connections” that represented value add for their portfolio companies. The social butterfly market was implausible on its face, and in practice, it was just a way of turning cocktail parties into a business expense. “Come on, Danny, you know people already.”

“Not these people.” And he did the thing. He looked from side to side, up and down. He turned off his phone and held his hand out for mine and carried them both to the little step next to the water feature and set them down on it so they’d be in the white-noise zone. He came back, looked around again. “I got signing keys for four of the most commonly deployed secure enclaves.” He looked around again.

“I think I know what that means, Danny, but maybe you could spell it out? I’m just a dumb old accountant, not a cryptographic legend like yourself. And for God’s sake, stop looking around. I’ll let you know if I see anyone sneaking up on us.”

“Sorry, sorry. Okay. The secure enclave gets a program, runs it, and signs the output. The secure enclave’s little toy operating system says that it does this reliably and without exception. You see a signature on a program’s output, you know the program produced it. That toy OS, it’s simple. Stupid. Brutal. Does about six things, very well, and nothing else. You can’t change that program. Secure enclaves are designed to be non-­serviceable. Even taking them off the mainboard wrecks them. You get them into a lab and decap them and hit them with an electron-­tunneling microscope, you still won’t be able to recover the signing keys or force a false sig.

“But if you have the signing keys? You can just simulate a secure enclave on any computer. Then you can run any operating system you want on it, including one that will forge signatures. You do that, and you can falsify the ledger. You can move unlimited sums from any part of the balance sheet to your part of the balance sheet. You can jackpot the whole fucking thing.”

I blew out air. “Well, that seems like a defect in the system, all right.”

“It can’t be helped. We call it Trustless, but there’s always some trust in a system like this. You’re not trusting the other users of the system or the company that made the software. You’re trusting that a couple of leading manufacturers of cryptographic coprocessors and sub-­processors, companies with decades of experience, will maintain operational security and not lose control of the keys that their entire business — ­and the entire business of all their customers and their customers’ customers — ­are dependent upon. You’re not trusting the other users, but you’re trusting them.”

“And yet,” I said, looking over at Sethu, who was painting away and performing an excellent simulation of someone who wasn’t eavesdropping, “you found someone willing to sell you some of those keys.”

“Yes,” he said and gave me a calm, no-­bullshit, eye-­to-­eye stare. “I did. It’s useful to have those, especially when you’re first kicking a new cryptocurrency around. You make a smart contract with a bad line of code in it, you create a bug bounty with an unlimited payout. So in the early days, when you’re figuring this stuff out, you do a little ledger rewriting.”

“You do rewriting on a read-­only ledger that no one is ever supposed to rewrite.”

He rolled his eyes. “Ethereum did it early on, moved fifty mil in stolen payout from a bad smart contract out of the crook’s account and back into the mark’s account. No one made too much of a fuss. I mean, the immutable ledger sounds like a great idea until someone no stupider than you gets taken for fifty mil, and then rewriting the ledger is just sound fiscal policy in service to fundamental justice.”

“But Ethereum told everyone they were doing it. Sounds like you did it all on the down low?”

“We were early. No one was even paying attention. All we wanted was a ledger whose early entries weren’t an eternal monument to my stupid mistakes as I climbed the learning curve.”

“Fine. Vain, but fine. Still, getting those keys meant a lot of power for a little reputation laundering.”

He sighed and looked away. “Yeah. The thing is, I’m not the only one who makes mistakes. We are aiming for trillions secured on our chain. Trillions, Marty. Ten to the twelve. It’s an unforgiving medium, and the stakes are high. The Ethereum lesson was clear: a couple of divide-­by-­zeros or fence post errors, a single badly typed variable or buffer overrun, and the whole thing could sink. I needed an eraser. Not on day zero but well before I attained liftoff.”

“Every hacker builds in a back door, huh?”

“Don’t call it that. Call it an Undo button.”

“Okay, then. An Undo button in a system whose cryptography is supposed to prevent undo at all costs. But not a back door.”

“You, my friend, are too smart. I miss the days when forensic accountancy and security engineering were distinct fields. ” “Me, too, pal. So what happened? Your keys took a walk?”

Tomorrow (Apr 21), I’m speaking in Chicago at the Stigler Center’s Antitrust and Competition Conference. This weekend (Apr 22/23), I’m at the LA Times Festival of Books.

[loneberry]

Inventory of Details

Fassbinder dying of a drug overdose while working on a screenplay for a future film on Rosa Luxemburg. “The notes for Rosa L were found next to his body.”

The horror of Sugar Ray’s "Fly" playing in hot yoga. (The horror of hot yoga in general.)

Anti-NMDA receptor autoimmune encephalitis

"We’re just building a coffin for our planet now"

Polar Silk Road (and the future geopolitical significance of Russia and Canada as melting icecaps open up new trade routes)

A hermit crab using a decapitated doll’s head for a shell

Robert Hurley’s psychoanalysis piñata 

A pothos plant that survived for two years under a bed

Squid kite

Crypto currency as beanie babies

"The Swedes have single words for things that take other languages a whole sentence. Take Jantelagen. Literally, 'Jante’s Law', it describes the importance of never thinking you are something special."

#grandpacore

Woman Finds Mastodon Tooth on California Beach

Swans swimming through the flooded city of Nova Kakhovka

Onomatopoeic hymnal to the heartbeat

“Porsches and man caves” 

CrossFit injury

The atomism of Leucippus and Democritus

[ailtrahq]

On Sept. 20, the CBDC Anti-Surveillance State Act passed out of the Financial Services Committee. Republican Senator Tom Emmer said it was, “A historical step in defending against an ever-expanding government surveillance state.” The House Majority Whip has been battling against Federal Reserve moves to develop a CBDC. The first anti-CBDC bill in the United States passed out of the Financial Services Committee today! A historical step in defending against an ever-expanding government surveillance state. — Tom Emmer (@GOPMajorityWhip) September 20, 2023 Anti-CBDC Bill Moves Forward The Act is the first anti-CBDC legislation introduced in the United States. Senator Emmer first proposed the CBDC bill in January 2022, and it was formally introduced to Congress in February 2023. The primary aim is to limit the Federal Reserve from minting a programmable CBDC, which Emmer claims is a “surveillance tool that would be used to undermine the American way of life.” The bill has the support of 60 members of Congress and additional industry groups, Emmer said. He warned that a CBDC is very different from decentralized digital assets in that it transacts on a digital ledger that is designed and controlled by the government. “In short, a central bank digital currency is a government controlled programmable money, if not designed like cash, could give the federal government the ability to surveil and restrict American’s transactions.” Senator Emmer cited China as an example of where this is already happening. The ruling communist party has designed a CBDC to track the spending habits of its citizens, which has been used to create a social credit system that rewards or punishes people based on their behavior. He also cited the Canadian government’s freezing of bank accounts of protesters in the 2020 trucker protests. “That might work in Canada, it doesn’t work here,” he added before concluding: “If not open, permissionless, and private like cash, a CBCD is nothing more than a CCP-style surveillance tool that can be weaponized to oppress the American way of life.” Fed CBDC Prohibitions The bill specifically prohibits the Federal Reserve from issuing a CBDC to individuals. Senator Emmer said this would prevent the central bank from mobilizing into a retail bank able to collect personal financial data. The bill also prohibits the central bank from using any CBDC to implement monetary policy. The legislation will now go for a full vote before the House. If it passes, the Democrat-controlled Senate would also have to weigh in on the matter, and many of them, including the vehemently anti-crypto politicians, oppose it. Moreover, US presidential candidate Robert F. Kennedy Jr. agrees with the principles outlined in Senator Emmer’s bill. “That is why I oppose CBDCs, which will vastly magnify the government’s power to suffocate dissent by cutting off access to funds with a keystroke,” he said in May. Source

[danieldavidreitberg]

Daniel Reitberg Illuminates AI's Crucial Role in Tracking Money Laundering through Cryptocurrency

In the digital age, the intricate world of finance has witnessed a shift towards cryptocurrencies—a realm that not only holds promise but also poses challenges. One such challenge is the growing concern about money laundering through digital currencies. Daniel Reitberg, a distinguished AI expert, leads the charge in harnessing the power of artificial intelligence to combat this pressing issue.

The Dark Side of Cryptocurrencies: Money Laundering 

Cryptocurrencies offer anonymity and global reach, making them an attractive avenue for money launderers. The decentralized and pseudonymous nature of blockchain transactions creates complexities for traditional anti-money laundering (AML) measures.

Daniel Reitberg's Vision for Combating Crypto Money Laundering

In the battle against money laundering, AI emerges as a formidable ally. Visionaries like Daniel Reitberg recognize the potential of AI algorithms to analyze and monitor vast amounts of cryptocurrency transactions, unveiling hidden patterns indicative of illicit activities.

The AI Advantage in Detecting Suspicious Transactions 

AI excels in processing and analyzing massive datasets, enabling the detection of anomalies that often go unnoticed by human eyes. By assessing transaction behavior, source of funds, and transaction destinations, AI algorithms can identify potentially suspicious activities.

Navigating the Complexity of Crypto Money Laundering

Money launderers continually evolve their tactics to evade detection. AI's adaptive learning capabilities allow it to stay ahead of these evolving strategies, enabling financial institutions and regulatory bodies to respond effectively.

Collaboration between AI and Blockchain

Blockchain's transparency can work hand in hand with AI's analytical prowess. Daniel Reitberg emphasizes the importance of integrating AI with blockchain technology to create a tamper-proof and efficient system for tracking transactions and tracing their origins.

Ethical Considerations and Data Privacy

While AI offers groundbreaking solutions, ethical considerations, and data privacy must remain paramount. Ensuring compliance with regulations, safeguarding user privacy, and preventing false positives are critical aspects that AI experts like Daniel Reitberg address.

Shaping a Safer Financial Landscape

The synergy between AI and blockchain holds the potential to revolutionize financial security. By detecting suspicious activities in real time, AI contributes to a safer cryptocurrency ecosystem, instilling confidence in investors, regulators, and the public.

Daniel Reitberg's Legacy of Innovation

Daniel Reitberg's pioneering work in using AI to track cryptocurrency money laundering stands as a testament to the transformative power of technology in safeguarding financial systems. With every advancement, he leads the charge in creating a future where cryptocurrencies thrive without facilitating illegal activities.

Conclusion 

In the ever-evolving landscape of finance, the collaboration between AI and blockchain is a game-changer. Daniel Reitberg's expertise in using AI to track money laundering through cryptocurrencies not only addresses a pressing challenge but also demonstrates the potential of innovation in upholding the integrity of digital transactions. As AI-driven solutions continue to mature, a new era of financial security emerges—one where transparency, accountability, and technology work hand in hand to create a safer, more equitable financial world.

[darkmaga-returns]

The BIS is still pursuing a retail version of CBDC, where your cash (crypto, not dollars) is held on account directly by the Central Banks, bypassing the commercial banks, making them obsolete. This could wipe out the existing bank system worldwide and put everyone’s fate into the hands of the BIS – the global bank for a global Technocracy. ⁃ TN Editor

The proposed hybrid model combines central bank authority with private sector roles to optimize CBDC deployment and user interaction.

The Bank for International Settlements (BIS) has unveiled a comprehensive framework for designing retail central bank digital currencies (CBDCs), emphasizing a hybrid model that integrates central bank control with private sector collaboration.

Developed by the Consultative Group on Innovation and the Digital Economy (CGIDE), the report provides a roadmap for central banks in the Americas and globally as they explore this evolving financial tool.

Hybrid model

The hybrid approach proposed in the report enables central banks to retain governance over CBDC issuance and infrastructure while delegating user-facing responsibilities to private intermediaries.

These intermediaries would handle functions such as Know Your Customer (KYC) verification, wallet management, and transaction facilitation. This model ensures efficiency and scalability while addressing concerns about user privacy and compliance with anti-money laundering (AML) regulations.

The architecture includes four core processes: user enrollment, CBDC issuance (cash-in), CBDC withdrawal (cash-out), and intra-ledger transfers.

Notably, the system supports tiered KYC mechanisms, offering basic wallets for low-value transactions with minimal identity requirements and advanced wallets for higher-value transactions under stricter regulatory standards.

Offline payment capabilities, a significant feature of the proposal, aim to expand access to underserved and unbanked populations. According to the report:

“The hybrid model bridges the gap between centralization and decentralization, offering resilience, accessibility, and enhanced privacy protections.”

[cryptocozy]

Cryptocurrency Exchange Definition

A cryptocurrency exchange is an online platform where individuals can buy, sell, and trade various digital currencies, such as Bitcoin, Ethereum, or Litecoin. It serves as a marketplace that facilitates the conversion of one cryptocurrency into another or into traditional fiat currencies like the US dollar or Euro.

Cryptocurrency exchanges operate similarly to traditional stock exchanges, providing a platform for buyers and sellers to interact and execute transactions. Users can create accounts, deposit funds, and place orders to buy or sell cryptocurrencies at prevailing market prices. These exchanges also offer features like order books, which display current buy and sell orders, and trading charts to help users analyze price trends and make informed decisions.

Security is a crucial aspect of cryptocurrency exchanges, as they handle large volumes of valuable digital assets. Reputable exchanges employ various security measures, including encryption, two-factor authentication, and cold storage for storing funds offline. However, it's essential for users to conduct due diligence and choose reliable exchanges that prioritize security and have a solid track record.

Cryptocurrency exchanges play a vital role in the overall cryptocurrency ecosystem, facilitating liquidity and price discovery. They provide a gateway for individuals to enter the crypto market, converting fiat currencies into cryptocurrencies and vice versa. Additionally, exchanges enable users to trade different cryptocurrencies, allowing for diversification and potential profit opportunities.

It's important to note that regulations surrounding cryptocurrency exchanges vary across jurisdictions. Some exchanges operate under strict regulatory frameworks, ensuring compliance with anti-money laundering (AML) and know-your-customer (KYC) requirements, while others operate in more lenient or unregulated environments. Users should be aware of the legal and regulatory landscape in their respective regions before engaging with cryptocurrency exchanges.

Crypto Buy Sell and Trading platform