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Cassadia To Make Amirita Cryptocurrency A Regulated Legal Currency Tender
April 2st 2021
FINANCE Carthage -
Earlier this month, the Royal Department of Revenues of Her Imperial Majesty Empress Relena (I) Von Peacekraft, came out with a statement that went into detail on the legalization of digital currencies specifically and solely as a legal tender from among other cryptocurrencies, which the Amirita cryptocurrency has been singled as the sole digital currency that can be used in financial transactions legally in Cassadia. A cryptocurrency that has recently taken the World of blockchain and digital marketable financial resources based on the technology, by storm as the Amirita currency while paling compared to the likes of Bitcoin, has seen a fast if cautious rise that has not been plagued by the volatile nature of market factors, traders and other actors that have seen other ''coins'' fluctuate between the bearish and bullish markets, which has seen many potential investors from refusing to invest into this newly emerging market as a result of these fluctuations.
''By Royal Decree of Her Imperial Majesty, we of the Crown Government will in the coming month prepare a comprehensive package of monetary incentives and free utilities for electricity for private entities to establish large-scale infrastructure for the mining of crypto. All subsequent revenues made, primarily from the 18% business tax will go into the national social security fund, healthcare, and infrastructure as well as subsidizing the material well-being for combat veterans returning from The Overseas Dependency of New Carthage. The Amirita Currency will be made a legal tender for financial transactions by established private and public entities for which investments shall be made to improve the economy of the country. In particular, we intend for Amirita to be primarily used in import/export and export activities in overseas trade. In addition to the following options, we intend to follow through and allow the Amirita cryptocurrency to be made a legitimate tender for buying and selling of shares, securities, and assets on the Carthage, Ilopirt, and Etropole International Stock Exchange.''
Additional details in the detail included in the Royal Decree stipulating the Royal Department of Revenues, the Imperial Savings Bank, and the Royal Office of Her Imperial Majesty for each institution to individually purchase a set amount of 1,500 000 Amirita.
The recent introduction of the Amirita Cryptocurrency has stirred international markets the world over with private investors, corporations, and governments likewise, which has seen the value of the newly launched financial tender quickly skyrocket in price, with current predictions by a concert of financial observers to predict Amirita to see it approach an approximate value of 200$ on the international cryptocurrency market, to emerge as a steady option in a cluttered market of a dozen different blockchain-based cryptocurrency ''coins'' available in the market, each with their own potential part to play in this novel and growing market, have proven to be just as innovative as the relatively new currency which has been released for circulation to be ''mined'' by a relatively diverse set of actors mostly originating from the private sector. Many of them have reached partnership agreements with local and national governments, such as providing crucial utilities like electricity which the activity of ''mining'' of most cryptocurrency has seen grown into a relatively demanding, energy-intensive process.
The growth and the entailed possible innovative applications that cryptocurrencies can have in transactions between two entities be it private, public, or state-owned entities, enterprises, and individuals, has closely been observed by many national and supranational governments the world over, with many leading the way by the adoption of varying legal strategies to legalize cryptocurrencies as tradeable tenders on legitimate stock markets as well as monetary vehicles which can be used in transactions, hence the need to integrate such cryptocurrencies in financial and banking systems as well as encouraging mining activities.
Some governments have been less than willing to embrace this new invention, with many prominent CEOs, founders of world-leading equity agencies, and hedge funds coming out in skepticism or firmly against the newly emerging phenomenon known as cryptocurrency.
''Unfortunately, such short-sightedness can be expected from the kind of Judeo-Satanic financial parasites and their accomplices like Bill Gates.'' Lukov explained, in an exclusive phone-call interview with CassadiaToday Finance.'' They see the upswing of cryptocurrency as a threat to their power, their domination of the international banking system. And their fears are well-founded all things considered, simply because cannot manipulate cryptocurrency the way they can do with say...a fiat national currency, a model which they have so forcefully railroaded onto a legion of countries over the last fifty years, granting them unprecedented control to manipulate the fortunes and money of common people as well as with just about every commodity that is traded on a stock exchange, all with the power of a few phone calls to heads of equity management alongside just about every share trading firm in about a dozen of international financial centers across the world until they tank something down to size to get their way.''
''What about cryptocurrency's tendency to experience a ''rollercoaster'' up-and-down volatility which has been observed over the last two and half years?''
''A freely traded commodity, and that goes for every cryptocurrency like Amirita is bound to have its ups and downs. I am confident that products like Amirita will soon find their practical uses, especially in the activities that have been approved by The Treasury Department of Her Esteemed Imperial Majesty.''
''As a former Master of the Royal Office, were you the one who encouraged Her Imperial Majesty Empress Relena Von Peacekraft to choose this course of policy regarding the emerging cryptocurrency market?''
''You humor me with the nature of your question -- No, I haven't, and that is something I am more than peacefully content with, knowing that Her Majesty, The Empress has embraced a vision for something so new, yet unprecedentedly promising which I happen to completely be in full agreement with her outlook. After all, this is something I predict could have a profound impact on Cassadia's economy in a way that could it to experience, a second ''Golden Bloom'' if you will. Maybe not in the same rocket-like surge that Cassadia saw during the Cold War because even if the prediction does turn out to happen splendidly, Cassadia would nonetheless still have to jump over so the usual deliberately placed nets of obstacles, sanctions, and embargoes that have been so reprehensively imposed on our country on the part of the usual culprits, like Amistad and the World Assembly, from trying to prevent the Holy Kingdom from pursuing lucrative out-of-region trade with numerous trading partners with whom, I am afraid to say, have to be inventive, to seek what would normally be standard commercial bilateral relations.''
''In what manner would that be is that going to come in though?''
''You'll see in the next few years to a decade. God willing -- Now, I should go.''
''Thank you for contributing to this interview Your Grace.''
''It was my pleasure.''
For Cassadia Today Finance, This Is Ulstov Polev
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