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What You Need to Know About Cryptocurrency Regulation

Cryptocurrency attracts more and more investments and acts as a popular means of payment. For example, with high volatility of local currencies, digital currency is the best choice in developing countries to save money for users. The state, in turn, seeks to control the funds of the population and therefore advocates the regulation of cryptocurrencies. Different countries do it in their own way. One of the world's largest statistics and market data platforms, Statista (https://www.statista.com/chart/26757/cryptocurrency-adoption-world-map/), has compiled a map of which countries the digital currency has received the green light, and where they are trying to ban it.

About El Salvador
One example of the adoption of cryptocurrencies at the state level. Bitcoin is taxable and is the official currency of El Salvador. However, this is rather an exception, since the country does not have its own currency and uses the US dollar.

About regulation
Most EU countries, the USA, Russia, India, Thailand and a number of others seek to regulate cryptocurrency. Ukraine has recently adopted a law that allows crypto exchanges to operate on official grounds. Also, most countries are exploring or have already implemented the possibility of issuing their own digital currencies.

About the ban
China, on the contrary, has banned cryptocurrency. A number of countries in Africa, the Middle East and Asia also oppose the use of digital currency.

The main advantage of cryptocurrencies is belonging only to the owner, without banks and third parties. Therefore, users themselves are responsible for security and risks. In any state, this is the main rule.

Posted

Launching MinePlex.Finance for iOS and Android

The most long-awaited MinePlex product in all smartphones right now! 

Your bank account in Euros, Sterling pounds and PLEX tokens in your mobile phone anywhere. Pay for purchases and make transactions in PLEX tokens along with fiat every day, anywhere in the world.

For IOS: https://apps.apple.com/us/app/mineplex-finance/id1604609151

For Android: https://play.google.com/store/apps/details?id=com.mineplex.app

  
Available now:
- user registration and authorization;
- passing KYC and AML verification;
- full access to your own fiat accounts (GBP, EUR, USD);
- acceptance of incoming and outgoing payments to fiat accounts (GBP, EUR);
- getting an account in PLEX tokens;
- getting virtual MinePlex.Finance cards;
- payment in PLEX tokens using a virtual card (online).

Upcoming update (April):
- payment in PLEX tokens using a physical card (offline);
- connecting virtual or physical cards to Google Pay wallet (Apple Pay - in May);
- conversion of PLEX tokens to fiat;
- purchase of PLEX tokens.

Install MinePlex.Finance to:
- create multi-currency bank accounts in your own smartphone anywhere,
- make transactions in PLEX tokens, euros or sterling pounds in seconds,
- arrange delivery of a physical MinePlex bank card anywhere in the world to the threshold,
- open a virtual MinePlex card for online purchases for fiat and PLEX tokens and much more.
 
MinePlex.Finance is a modern integrated CrossFi solution with payment services in PLEX tokens and fiat in one click.

Posted

Dear users!

When registering and verifying with MinePlex.Finance, please do not close the application. Leave the app open. This will allow you to go onboarding without errors.

Thank you for working together!

  • 4 months later...
Posted

Digital wallets are one of the trends of the next 5 years according to PWC. Wallets allow you to make payment transactions, store funds, access cards and accounts in a mobile phone.

  • 2 months later...

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