πŸš€ Akon gives back through the power of crypto!🎡

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πŸš€ Akon gives back through the power of crypto!🎡

Koinvict… Music... Geckos! 
 

Big plans lie ahead of Akon's Akoin (AKN)!

 

Akoin just completed its pilot program and is now ready to be deployed as the exclusive cryptocurrency of the Mwale Medical and Technology City (MMTC) in Kenya.

 

This means that the MMTC will see a widespread distribution of AKN amongst its 35,000 residents and over 5,000 hospital workers and 2,000 merchants.

 

Within the Kenyan city, AKN will be used for salary payment, microtransactions, peer-to-peer money transfer, and mobile top-up among other purposes.

 

Also, future plans for Akoin include its role as the official currency for Akon City currently being built in Senegal.

 

We definitely developed the coin-viction that cryptocurrencies can be put to good use!

 

In today's news, Thailand targets Japanese crypto holders, the SEC shuts down a fraudulent trading platform and ATMs for digital yuan roll out in China.

 

Read on!

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Sawadee ka Crypto!

 

After conducting a study on implementing crypto payments in its tourism destinations, the Tourism Authority of Thailand (TAT) is determined to open its arms to cryptocurrency holders, particularly those from Japan.

 

Given that Thailand's economy heavily relies on tourism, this is an attempt to revive the pandemic-battered economic activity.

 

TAT governor Yuthasak Supasorn said that crypto implementation in its markets is key to attracting more opportunities from high-spending tourists.

 

Cointelegraph

Coinseed Down For The Count

 

US authorities and regulators took legal action to shut down a cryptocurrency trading platform owned and operated by Coinseed Inc.

 

The illegal trading platform was operating without being a registered broker-dealer in New York and also failed to disclose certain fees associated with trading to its investors.

 

The platform is alleged to have unlawfully defrauded thousands of investors across the US out of more than $1 million.

 

Bitcoin.com

Digital Yuan Goes For A Test Run

 

Beijing just conducted the first real-world digital yuan test as part of China's digital yuan framework that the county is developing.

 

The digital yuan ATMs allow state-owned bank customers to choose whether they want to convert cash into digital yuan and vice versa via a smartphone app.

 

The launch of digital yuan ATMs marks China's commitment to lead the country to adapt to the digitization of cash and expand its financial services sector. 

 

TheBlockCrypto

Margin Trading

It is a way of investing by borrowing money from a broker (or in crypto, an exchange or platform) to trade. The borrowing requires you to collateralize a minimum value of your own assets. If during the trade, the market moves negatively to your trade, a margin call will take place so that your trade account retains the ratio of your borrowed funds to the collateralized assets.

 

Learn about other Crypto terms here

Weekend Reads πŸ“–

Here are the top trending coins for this week!

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