Everything you wanted to know about Bitcoin Strategic Reserve

[Loyang]

https://www.share-talk.com/the-smarter-web-company-expands-bitcoin-holdings-with-2-5m-purchase/?utm_source=chatgpt.com

[cocadalcan]

https://x.com/BTC_Archive/status/1965748162817052967

Kyrgyzstan's parliament has passed a bill introducing a state-owned cryptocurrency reserve, specifically targeting Bitcoin. Lawmakers in the Asian emerging economy have passed an amendment to the bill "On virtual assets."

More source: https://cointelegraph.com/news/kyrgyzstan-state-crypto-reserve-new-bill

[Qhunman]

https://x.com/BitcoinConfEUR/status/1965821669949485391?s=19

[LDL]

Kazakhstan, On the way to creating a strategic reserve of Bitcoin



While the world's powerful nations are emphasizing strategic reserves of Bitcoin, why should Kazakhstan lag behind? The President of Kazakhstan recently approved the creation of a strategic reserve of Bitcoin.
However, in Kazakhstan, an MP, Deputy Dastan Bekeshev, has expressed his objection to Bitcoin mining, noting that mining a single Bitcoin requires 800,000 kilowatt-hours of electricity, while such a large amount of electricity could power 1,200 apartments for a month. He compared this huge amount of electricity consumption to a meaningless expense. However, Kazakhstan has launched 15 new projects for Bitcoin mining, with around 17 new projects being added.
However, President Tokayev has approved the creation of a strategic reserve of Bitcoin, and on Monday, President Tokayev's press secretary confirmed that the president has given full approval to the strategic reserve of Bitcoin, and he also mentioned that where America controls 35 percent of the total Bitcoin, why should other countries in the world lag behind? In line with the growing Bitcoin population, every country should definitely create a strategic reserve of Bitcoin. Currently, not only Kazakhstan but also various Asian countries such as Japan, Taiwan, and South Korea are expressing interest in a strategic reserve of Bitcoin and very soon they will create a reserve to hold a bath of Bitcoin.

Source: https://share.google/WuVW2pPOgXBu0teGd

[fredericktaylor]

source: x

South Korea reportedly removes restrictions preventing crypto firms from obtaining venture company status starting September 16, granting access to tax breaks and financing support.
South Korea Now, compared to before, businessmen and the general public will be much more encouraged to invest in Bitcoin, because there will be no more government obstacles and they will be able to take advantage of all the government benefits. I can say without a doubt that South Korea will become much stronger than before Bitcoin.

[Popkon6]

JUST IN: 🇧🇾 Belarus President Alexander Lukashenko urges banks to expand crypto use amid sanctions.

Belarus is getting prepared 🚀

Source link: https://x.com/BitcoinMagazine/status/1965697798453805373?t=uauAfCZzX6FZbl1Q4ym0Bw&s=19

Belarus president Alexander Lukashenko has asked his country's banks to accept Bitcoin even during these difficult times. However, they will soon be ready to embrace Bitcoin more, and the banks' acceptance of Bitcoin means that the side of Bitcoin becomes more positive. Because if Bitcoin can be converted into the economic reserve fund of Belarus, then Belarus will definitely move forward. Bitcoin is definitely needed to be economically successful, which Alexander Lukashenko has understood.

[ASloveapg]

NEW HARVARD PEER REVIEWED STUDY CALLS FOR THE INCLUSION OF #BITCOIN IN CENTRAL BANK RESERVE'S

HIGHEST LEVELS OF ACADEMIA EMBRACING BTC. HUGE
https://x.com/pete_rizzo_/status/1966056533588082982?t=dnBA1hLXgQ6MTGvLSlpJfA&s=19

[Cpt_reader]

Guess what is better? Of course Bitcoin. I think Bitcoin is the best investment sector where we can invest without any hesitation.

https://x.com/BTC_Archive/status/1965830428234850521?t=jFxfV5XHmoP4kXF4FNzZXw&s=19

[ruykeri]

HONG KONG MONETARY AUTHORITY TO ALLOW BANKS HOLDING $2 TRILLION TO CUSTODY #BITCOIN AND CRYPTO
ASIA EMBRACING BTC.  TIDE IS TURNING

https://x.com/pete_rizzo_/status/1966101516739047643?t=K6ohwHtUzG8HLwUJ3VSVhw&s=19

[Rhow]

🇨🇳 Chinese public company $CPOP buys 300 Bitcoin worth $33.8 MILLION for its treasury.



https://x.com/BTC_Archive/status/1966128653453996111?t=Va2bPiGR7jwBV5sCrCb1Cw&s=19

[moneystery]

JUST IN: 🇧🇾 Belarus President Alexander Lukashenko urges banks to expand crypto use amid sanctions.

Belarus is getting prepared 🚀

Source link: https://x.com/BitcoinMagazine/status/1965697798453805373?t=uauAfCZzX6FZbl1Q4ym0Bw&s=19

Belarus president Alexander Lukashenko has asked his country's banks to accept Bitcoin even during these difficult times. However, they will soon be ready to embrace Bitcoin more, and the banks' acceptance of Bitcoin means that the side of Bitcoin becomes more positive. Because if Bitcoin can be converted into the economic reserve fund of Belarus, then Belarus will definitely move forward. Bitcoin is definitely needed to be economically successful, which Alexander Lukashenko has understood.

After the President of Kazakhstan directed Kazakhstan to establish a strategic reserve of promising digital assets, now it's the President of Belarus' turn to understand the benefits of adopting Bitcoin for their country. This plan allows Belarus to reap various economic benefits they previously lacked, and it will help their country overcome some of its finance and banking challenges, and also attract large international capital to their country as it becomes a regional crypto hub. If they really seriously implement this plan then it will significantly contribute to their economic development.

This trend appears set to continue, and it's possible that more leaders will begin to see the benefits of Bitcoin adoption in their countries.

[Kagaru]

HONG KONG MONETARY AUTHORITY TO ALLOW BANKS HOLDING $2 TRILLION TO CUSTODY #BITCOIN AND CRYPTO
ASIA EMBRACING BTC.  TIDE IS TURNING

https://x.com/pete_rizzo_/status/1966101516739047643?t=K6ohwHtUzG8HLwUJ3VSVhw&s=19

It is big news, all right, but the headline causes it to be easier than it is. The HKMA is developing new regulations to allow banks to conduct custody of Bitcoin and other crypto, though it remains in consultation. Hong Kong has already advanced with a stablecoin licencing structure and the initial approvals are in the offing and hence they are obviously making an attempt at establishing the right infrastructure in the digital asset space.
The number tossed about as 2 trillion is not necessarily accurate, but Hong Kong has a huge banking industry and even a fraction of that money could become crypto services could be a lot. The actual lesson learned in this is that banks will finally have a clear regulatory roadmap to custodial Bitcoin on behalf of clients. It is that institutions, family offices and wealth managers have been waiting to have a trusted gateway.

It will not occur overnight and banks will take it step by step with high compliance and risk control. However, in the event that this materialises, Asia might find itself on the forefront of bridging between conventional finance and crypto in a regulated setting.

[fillippone]

NEW HARVARD PEER REVIEWED STUDY CALLS FOR THE INCLUSION OF #BITCOIN IN CENTRAL BANK RESERVE'S

HIGHEST LEVELS OF ACADEMIA EMBRACING BTC. HUGE
https://x.com/pete_rizzo_/status/1966056533588082982?t=dnBA1hLXgQ6MTGvLSlpJfA&s=19

I would like to know more about this, yet I wasn't able to find the link, not even in the comments.
If it is released at a later stage, please let me know.

It would be an interesting U-turn from the University: too late, btw.

[ultrloa]

NEW HARVARD PEER REVIEWED STUDY CALLS FOR THE INCLUSION OF #BITCOIN IN CENTRAL BANK RESERVE'S

HIGHEST LEVELS OF ACADEMIA EMBRACING BTC. HUGE
https://x.com/pete_rizzo_/status/1966056533588082982?t=dnBA1hLXgQ6MTGvLSlpJfA&s=19

I would like to know more about this, yet I wasn't able to find the link, not even in the comments.
If it is released at a later stage, please let me know.

It would be an interesting U-turn from the University: too late, btw.

I have this article about about Harvard research https://cointelegraph.com/news/central-banks-can-use-bitcoin-to-fight-off-sanctions-harvard-research

If they will add it on central bank reserve then that's one another good development will happen. But the question is does govern bodies on that institution would allow that?

But I think its not late, but maybe the strategic advantage is narrowing.

[laspol65]

BTC AB to launch Nordic’s first bitcoin-backed preference share with monthly cash payout

Full News: news.cision.com/btc-ab/r/btc-a…



There is great news for BTC AB, they will launch their treasury company shares and are preparing to hold Bitcoin for a long time by selling these shares. I like this activity of theirs the most, and they can be more aggressive in buying Bitcoin. Because as time goes by, Bitcoin is becoming brighter for the future, so I respect their Bitcoin purchase a lot.
However, BTC AB will definitely have the most success in selling their treasury company shares and Bitcoin purchase will be able to play a greater role.

[fillippone]

But I think its not late, but maybe the strategic advantage is narrowing.

This is the link:

Hedging sanctions risk: Cryptocurrency in central bank reserves

The thesis of the article is that central banks might start putting more of their reserves into assets like gold and Bitcoin.
Gold is already a common choice, and gold price appreciation is a symptom of that, but Bitcoin is gaining interest because it's decentralised, making it much harder for other governments to freeze. The study found that countries facing high risks of sanctions might keep as much as 10-25% of their reserves in Bitcoin as a form of "insurance".
CB's using Bitcoin to save themselves from other CB's, how ironic.

[abaeze]

But I think its not late, but maybe the strategic advantage is narrowing.

This is the link:

Hedging sanctions risk: Cryptocurrency in central bank reserves

The thesis of the article is that central banks might start putting more of their reserves into assets like gold and Bitcoin.
Gold is already a common choice, and gold price appreciation is a symptom of that, but Bitcoin is gaining interest because it's decentralised, making it much harder for other governments to freeze. The study found that countries facing high risks of sanctions might keep as much as 10-25% of their reserves in Bitcoin as a form of "insurance".
CB's using Bitcoin to save themselves from other CB's, how ironic.

Although the matter is ironic now, it is extremely true because sooner or later, central banks will be forced to reserve Bitcoin because there is no other way. This is actually the success of Bitcoin. Despite all the adversities, decentralized technology has not lost to the big powers. In this respect, Satoshi's Bitcoin has really succeeded. Those who deliberately imposed sanctions on different countries are also unable to control it today. To me, this big change in the economy will bring welfare to the people. There is a saying - Rain in the monsoon is inevitable. Similarly, Bitcoin adoption by institutions is inevitable. Institutions will accept Bitcoin sooner or later, it cannot be stopped.

[fillippone]

There is a saying - Rain in the monsoon is inevitable. Similarly, Bitcoin adoption by institutions is inevitable. Institutions will accept Bitcoin sooner or later, it cannot be stopped.

The irony for me is that Bitcoin was born to fight the Central Banks.
Now, the Central Banks are being suggested to adopt Bitcoin to save themselves... from the tyranny of Central banks.
The truth is that Bitcoin doesn't care: doesn't care, it saves you even if you are a central bank.

[Kagaru]

The irony for me is that Bitcoin was born to fight the Central Banks.
Now, the Central Banks are being suggested to adopt Bitcoin to save themselves... from the tyranny of Central banks.
The truth is that Bitcoin doesn't care: doesn't care, it saves you even if you are a central bank.

Exactly, Bitcoin is meant to provide people with the autonomy of their money, not mediated by central banks, but today, institutions and even states are thinking about how to use it on their reserves or plans. It displays the strength and stability of the protocol. The fascinating fact is that adoption does not alter the rules and principles of Bitcoin. A central bank with a big size is capable of manipulating the supply or overpowering the system even though it has a huge amount. In a sense, therefore, Bitcoin secures everyone, be it a consumer in a poorer economy, or a massive institution seeking insurance. Big player adoption of it could be faster in spurring legitimacy and infrastructure, yet the decentralised money purpose has not changed.

[Nothingtodo]

Fast food chain WIMPY in South Africa has accepted Bitcoin as a Lightning payment at 450 locations. Bitcoin is being introduced as a payment system in fast food, shopping malls, restaurants, hotels, etc. day by day. This is definitely a green signal for Bitcoin. In the future world, when Bitcoin becomes the main source of a payment system, people will not use fiat currency. Fiat currency means inflation.