According to 2020 World Bank data, remittances make up 14.7% of Guatemala’s GDP. Inca Digital through natural language processing named entity analysis sought to ascertain the usage of traditional vs crypto services to deliver these remittances.
None of the stablecoins analyzed met the Variance Threshold (VT) that the difference in stablecoin/fiat value must not exceed 10bp of the value of the underlying fiat more than three times over a one-year period.
Inca Digital’s investigation team correlated FinCEN's SARs transactions with blockchain and crypto market venue activity around the filing dates.
Crypto Custody: Key Points to Focus on
Despite the constant headlines which label Bitcoin as excessively volatile and unpredictable, it largely remains unweathered by the greater political, economic, and technological fluctuations of our times.
The latest arrests of crypto senior executives in China showed the government’s determination to crack down on crypto exchanges in the country as their Digital Yuan project is picking up speed.