FameEX Morning Crypto News Recap | April 25, 2023

Citing De-Dollarization Trends, Ron Paul Believes the World is Slowly Shifting Away from the US Dollar
According to Ron Paul, a former US presidential candidate and congressman, nations are turning away from the US dollar as a result of recent geopolitical events, driven by factors such as currency debasement, price manipulation, and economic sanctions against other countries. Paul has suggested that these issues have made other nations fearful of holding dollars, leading them to explore alternative currencies.

End of Crypto Winter: Standard Chartered Bank Forecasts Bitcoin's Potential to Hit $100K by 2024
Standard Chartered Bank has reportedly ended the crypto winter and has predicted that Bitcoin could reach a value of $100K per coin by the close of 2022. The bank's analyst has attributed the surge in the crypto's price to several factors, including recent turbulence in the banking sector. Standard Chartered has identified several other reasons for Bitcoin's growth and expects the currency's value to continue its upward trend.

Ruling by South Korean Court: Terra's LUNA Cryptocurrency Token Does Not Fall Under Security Classification
In response to the allegations against Do Kwon, the co-founder of Terraform Labs, the Seoul Southern District Court has recently ruled that the renamed cryptocurrency token LUNC (formerly LUNA) is not considered a financial investment product and does not fall under the security classification. Despite the ongoing regulatory action by the US SEC, the South Korean court's decision reinforces that LUNC does not require regulation as a security in the country.

Unrestricted Use of Digital Currencies: Russia to Launch Payment System with No Limits
Anton Siluanov, the Russian Finance Minister, has revealed the launch of a payment system that offers no restrictions on the use of digital currencies for cross-border payments. Siluanov emphasized that the system will provide greater independence for two parties to make settlement payments without the possibility of any other country freezing them.

Russia Vows to Move Away from US Dollar, Increase Usage of National Currencies in Energy Trade
Alexander Novak, the Russian Deputy Prime Minister, has declared that Russia will increase its reliance on national currencies and decrease its usage of the US dollar for energy trade settlements. This shift aims to satisfy the rising demand for Russian energy resources and permit acceptance of more currencies for settlements.

ECB's Third Design Progress Report Examines Access and Distribution for Digital Euro
The ECB's third design progress report on the digital euro explores access and distribution options supported by the Governing Council, including payment intermediaries, direct retail access, and intermediaries with direct access. The report provides valuable insights into the technical and business aspects of the digital euro project, aiming to promote wider access to the digital currency.


ChatGPT Under Investigation by German Regulators for GDPR Compliance
OpenAI's ChatGPT is facing a new obstacle in its EU business operations as German regulators launch an inquiry into its GDPR compliance and privacy practices. The investigation aims to ensure ChatGPT's adherence to EU regulations, emphasizing the significance of GDPR compliance and data privacy measures for companies operating in the EU.

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