The Ledger: Crypto adoption goes up, regulators act

The week began with a survey that saw many US residents between the ages of 25 and 34 argue the case for crypto. According to those interviewed by StarkWare, crypto is the future of finance one way or another. Pessimism lingered among older generations, but so far as statistically-relevant data goes, the bulk of US residents seem confident that crypto is here to stay.

It most likely is, too, so that’s a good call. If crypto was a fad that was about to disappear, then the European Union (EU) would not be putting so much effort into regulating it and tracing it. This week we reported on the EU taking a look at crypto once again and seeking to create better traceability laws. The idea is to make sure that no transaction eludes regulators.

Of course, there were some bad news, too. The chief executive of Thodex, a defunct crypto exchange, could be sentenced in abstention for up to 40,564 years in prison – one of the toughest sentences a Turkish court has ever meted out. Faruk Fatih Ozer is connected to the company as one of the main orchestrators of what could be 90% of the global rug pull scams worldwide in 2021.

Meanwhile, OpenSea has become the latest NFT marketplace to continue adding on fresh purchasing options for people who enjoy crypto and want to continue purchasing various digital assets using FIAT money. The latest move involves the addition of debit and credit cards, but also intuitive payment options such as Apple Pay.

Meanwhile, On The Run, one of Australia’s biggest chain stores, has become the latest to enable the Pay Merchant product by Crypto.com. The new option makes the onboarding process for FIAT users that much easier.

Meanwhile, crypto billionaire and activist Adrian Grenier has said that there is no need to worry about cryptocurrencies and blockchain as environment killers. Rather, they should be embraced as a way to fix “wasteful industries.” His advice is smart given how much people are now using crypto and embracing it as a payment option. Adoption has gone in a continuous upward trend in 2021 with the bulk of new crypto owners buying their cryptocurrencies last year.

Sure, there was some bad news as well. It transpired that AcceptCrypto, a project by Matt Wallace and Miles G, turned out to be a rug pull scam. Understandably, many people turned out to be quite disillusioned with a man they once venerated.

As crypto owners are worried about rug pulls, those who have realized profits in the US may actually need to double-check if they have sorted out their tax. If you want to spend the weekend free of worry, you may want to consider joining Bitcasino, 1xBit or FortuneJack.

Looking for your next crypto casino? Check out: Mega Dice or FortuneJack

Written by Barney

Co-founder

Barney is co-founder of CryptoGamblingNews.com. When not at work he can usually be found behind a Nikon. He's won numerous international competitions for his photography and volunteers as a content creator for aid organisations in Africa.

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