The crypto market has been performing extremely badly for a few couple of weeks; it was anticipated in the beginning that the market corrections as well as the bear market stance would be over sooner than later, but it hasn’t come to pass.
The market is exhibiting extreme volatility, and therefore it is not possible for the investors to take any kind of charge during a bearish market. The CEO of Binance has reached the Central African Republic and has met with the president to discuss the future of crypto adoption and all.
Bitcoin as a Legal Tender
Bitcoin has officially been given the status of a legal tender within the Central African Republic, and since then, the nation has embraced crypto to its fullest. NFTs, ETFs, Mining pools, and every other opportunity that is even remotely associated with decentralization has been received with open arms in Africa.
Not only does the public understand the capabilities of the cryptocurrencies, but the officials are also helping the public get acquainted with the idea of decentralization. Not like it is happening in the US and Europe, where every plausibility of cryptocurrencies becoming mainstream is shot down and beaten to a pulp.
The CEO of Binance, Zhao, confirmed in a tweet that he was in discussion with the president, and they have already talked extensively about the future of crypto adoption. It is clear that people are interested in crypto and everything associated with decentralization, but still, there is a need to educate the masses and for further investment to come up in the crypto sector.
Zhao has talked about all of this and more with the president as the exchange is bullish on opening education centres and other investment opportunities within the country. On a serious note, Binance is being audited presently by the SEC in the US, and it seems that it is true for many other crypto exchanges out there. The regulatory position doesn’t seem to be shifting in Europe and US at the moment, but it is looking all fine in Africa and associated regions.