The Daily Leo | Japan to Restrict P2P Crypto transactions

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Japan Eyes on stopping P2P Crypto transfers

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Peer-to-peer (P2P) transactions in the crypto market look easy as two individuals can execute the transaction> But now there are many fraudulent activities through this and there are so many cases reported related to this. Now Japan is trying to put a restriction on this and they considering stopping it however this has not been announced yet. Governments are always concerned about illegal transactions or financing of terrorism because this can affect the country and probably because of this, they try to find an easy way where they will stop the p2p crypto transactions.


Last year we saw a lot happening in the US for crypto-related stuff. How SEC has been trying to make things difficult for crypto exchnage and there are both types of people in the country. Some are in favour of crypto and some are not but SEC is certainly not in favour of crypto. It also looks like the SEC has approved Bitcoin spot ETF under some pressure as Gary is still not saying negative things about Bitcoin. As per the latest news, a crypto lawyer named John Deaton has challenged Elizabeth Warren who is known as a crypto critic. This year a lot is going to happen like Bitcoin halving and election in the US etc.

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Keeping our digital assets is the priority in the crypto space. Many scammers and hackers are trying to steal and they follow various tips and tricks. We have highly advanced technology but still its not enought to mitigate the risk. When the Bitcoin price is high then most scammers are around and they try to steal funds. Unfortunately, in the world of crypto, there are no superheroes to protect us and only we can protect our funds


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Recession is never good for any country. Today on 15th Feb its officially reported that the UK is in recession. Although the world is going through tough economic scenarios and some countries have now started reporting it officially for recession. When the economy is dropping consistently then this is considered a situation called recession. Inflation for January 2024 was announced by ONS at 4.0% in the UK


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Inflation is a worldwide problem but its a matter of worry for food price inflation. Food is a basic necessity for all and this inflation affects a major chunk of people worldwide. Prices for food items are going high and this increase is not minimal. If this continues to increase then its going to be a serious issue in this year 2024.


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Conflict is one of the reasons for war and a few countries are at war situations because of this. Now the question is can we avoid or break this cycle of conflicts? We know that with war, countries have to face a lot of problems but still they choose to go with this as they are probably not left with any other choice. There are clashes between different blocks on the geopolitical stage and the Russian-Ukrainian war has been ongoing for a long time. We don't know when is it going to end Gaza is also on the list of countries going through war situations.

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