Justin Sun says a major country will legalize TRX; South Korea is building a cryptocurrency tracking system; Bitcoin (BTC) is pushing $ 24,000
Justin Sun says a major country will legalize TRX
Tron founder Justin Sun said that a major country will soon accept TRX as a legal tender. This statement by Justin Sun brought to mind the legal adoption of Bitcoin by El Salvador.
Justin Sun, the founder of Tron and one of the leading names in the crypto money industry, made a very important statement on Twitter. Saying that a large country will soon accept TRX, the local token of the Tron ecosystem, as a legal payment instrument, Sun used the following statements:
Justin Sun thinks that; A major country will soon accept TRX and ecosystem tokens as legal tender. This is a big step forward for the legitimacy and widespread adoption of Tron and other digital currencies. Legalizing TRX and ecosystem tokens means the government will recognize these assets as a valid form of payment for purchasing goods and services.
Sun stated that this development will open up new possibilities for many businesses and individuals:
“This will open up a whole new world of possibilities for businesses and individuals looking to use TRX and other digital assets in their daily operations.”
South Korea is building a cryptocurrency tracking system
South Korea’s Ministry of Justice has announced that it plans to introduce a crypto tracking system to counter money laundering attempts and recover funds linked to criminal activities.
According to local media outlet khgames, the “Virtual Currency Monitoring System” will be used to track transaction history, extract information about transactions and control the source of funds before and after remittance.
The system is scheduled to be commissioned in the first half of 2023, while the South Korean ministry shared its plans to develop an independent monitoring and analysis system in the second half of the year. Here is a rough translation of the ministry’s statement:
“We will establish a criminal justice system that meets international standards.”
On November 12, 2017, the South Korean Supreme Court ruled that crypto exchange Bithumb must compensate investors for 1.5 hours of service interruption.
The final judgment of the Supreme Court ordered the 132 investors to be paid damages ranging from $6 to $6,400.
“The burden or cost of technological failures should be borne by the service operator, not by service users paying commissions for the service,” the court said.
Bitcoin (BTC) is pushing $ 24,000
Making a rapid entry into the first month of the new year, Bitcoin (BTC) gained 44 percent throughout January. The accelerated increase in BTC price made investors in the crypto money market happy in general. The aforementioned price increase has both put some altcoin projects on the rise and contributed to the total market value of the cryptocurrency market.
For the first time in a long time, the Fear and Greed Index rose to levels that made the investor sigh. The Bitcoin Fear and Greed Index is celebrating its 11th consecutive day outside the “fear” zone.
Among the reasons for the Fear and Greed Index to switch to the “greed” level is the BTC price to reach the levels of $ 23,955.
However, Bitcoin sentiment is firmly at “greed” levels with a score of 61. However, this level of sentiment was last present when Bitcoin was at $65,000 on November 16, 2021.