Digital currency market and the European Union

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Digital currencies on October 9

Digital currency market and the European Union

The cryptocurrencies, such as Bitcoin, Ethereum, are famous around the world. From the beginning, Bitcoin played important as it helped to raise awareness about the cryptocurrencies. The digital currency market continues to develop as more and more people are willing to invest in Bitcoin and Ethereum. Famous crypto advocate John MacAfee thinks that people should switch to digital currencies.

Private, as well as governmental organizations, realized the importance of digital currencies to the global economy. One of the latest examples is the United Nations, which decided to enter the digital currency market.

On October 8, UNICEF, which is part of the United Nations announced that it created the UNICEF Crypto Fund. This prototype will allow the organization to accept the crypto donations. It is important to mention that UNICEF became the first UN agency to accept donations by using digital currencies. It means that the person will be to choose Bitcoin and Ethereum donations.

This project is the result of hard work, which lasted for 14 months. Such projects will make it easier to accept Bitcoin and Ethereum. It is important because crypto owners will have the opportunity to help children around the world.

EU and Digital Currency marketEuropean and cryptocurrency market

Another international entity that is monitoring the development of the digital currency market is the European Union. The European Union’s financial services commissioner Valdis Dombrovskis made a comment regarding this topic.

Dombrovskis stated that he plans to create a new regulatory framework for digital currencies. In his speech, he also talked about Facebook’s cryptocurrency project Libra. The financial services commissioner noted that the EU should develop a common approach when it comes to cryptocurrencies such as Libra.

Last but not least is the price of the well-known cryptocurrencies. Right now, Bitcoin’s price is $8,100.

The price of another digital currency, which is Ethereum is $183.

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