Blockchain is the ground-breaking database technology that powers nearly all cryptocurrencies.
Meme Coin’s Birth
Two well-known Meme coins were born, becoming two significant sources of fee income for exchanges. Dogecoin has reached 22 billion USD, while Shiba Inu has surpassed 18 billion USD.
There is no unified definition of a Meme coin in the crypto market. However, it is understandable that the Meme coin was inspired by a particular outstanding event. Unlike Bitcoin and Ethereum, the Meme coin was created for entertainment or speculation.
Memecoin’s liquidity is now around $1 billion, surpassing all bluechip stocks under Elon Musk’s leadership. The meme is an academic game that also serves as a game for future financial institutions.
Governments are pushing hard for Central Bank Cryptocurrencies (CBDC):
The banking system is determined to create a true stable coin, which is currently becoming the main topic of debate in the world, with approximately 86% of banks embarking on learning and promoting its development.
The growth of NFT
The advancement of Games is a trend that has put Vietnamese startups like Axie and Sky Mavis on the global technology map.
“Everyone is very interested in in-game tokens,” said Mr. Trung, Decom Holdings Chairman.
What are the market’s highlights and trends in 2022?
Currently, the debate about cryptocurrency is going on a lot in the US, although the US has not had a wide influence, often other countries around the world will take it as a reference.
Companies in Vietnam are not prohibited from developing cryptocurrency-related software and blockchain applications, but such software cannot be used as a means of payment. Although it is not illegal to own digital assets in Vietnam, there is no legal framework in place to protect individuals or organizations when risks arise.
However, experts emphasized that ” Whichever country adopts digital assets first will benefit the nation.”
Legal standards are frequently very complex because they are based on various needs and requirements. When the number of Vietnamese customers grows rapidly and significantly in the future, the authorities will need to study the legal corridor for supervision and management.
Regulators around the world spent 2021 assessing the economic impact of cryptocurrencies. Many central banks, including India’s, have warned of the risks cryptocurrencies pose to financial stability. From El Salvador’s legalization of bitcoin to China’s ban on crypto-related activities to India’s early publication of a crypto regulation bill. Clearly, 2021 saw a lot of regulatory action, which is expected to continue into 2022.
In summary, the Blockchain trends are to lead the industrial revolution 4.0 in the coming decades due to their completely new capabilities and profound impact on the political, social, and economic systems of Vietnam in particular, and the world at large.
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