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Pal Information Bulletin & Insights 3.15
1. Government Encryption Policies
1) Brazil Proposes Cryptocurrency for BRICS Trade
Brazil plans to simplify international financial transactions of import and export contracts among BRICS (Brazil, Russia, India, China, and South Africa) member countries by utilizing blockchain technology. This topic will become one of Brazil's priorities during its rotating presidency.
2) Argentina Finalizes Regulatory Rules for Virtual Asset Service Providers
The Argentine National Securities Commission (CNV) has officially approved General Resolution No. 1058, establishing final regulatory guidelines for Virtual Asset Service Providers (VASP).
3) Russia Conducts Oil Trade with China and India Using Cryptocurrency
Pal Note: Trump Influence +1, countries are starting to pay attention.
2. Institutional Attention
1) Wall Street Bets on Strong Return of Cryptocurrency
At a futures industry conference held in Florida this week, traditional financial executives have shifted their attitudes towards cryptocurrency and begun exploring business cooperation with cryptocurrency companies. The Trump administration's support for digital assets has boosted Wall Street's confidence, with companies like Citadel Securities, Chicago Mercantile Exchange Group, and Intercontinental Exchange planning to increase their presence in the cryptocurrency space.
2) Goldman Sachs Acknowledges Importance of Cryptocurrency in Shareholder Letter
Goldman Sachs mentioned cryptocurrency in its annual shareholder letter, acknowledging its increasingly important role in financial markets and competition.
Pal Note: Trump Influence Continues +1, full confidence in cryptocurrency, long-term positive outlook.
3) Financial Organization Supported by Trump Denies Negotiations with Binance
The Wall Street Journal reported that the Trump family had discussed purchasing shares in Binance's US subsidiary. Bloomberg also stated that World Liberty Financial was in negotiations.
Pal Note: No smoke without fire, estimated that Binance US will belong to American capital.
4) US Congressman Plans Legislation to Ensure Bitcoin Reserve Policy
US Congressman Byron Donalds plans to submit a legislative proposal to formalize the executive order signed by the Trump administration this month, aimed at establishing a strategic Bitcoin reserve and US digital asset reserve. If passed, this bill will ensure that the policy cannot be revoked by future presidential executive orders.
Pal Note: Passing would be a positive signal.
