Crypto On LYO: The Blend — LYOTRADE App in Columbia, Crypto Payments on Twitter, New York Assembly Bill for Crypto Adoption, South Korea Crypto Tracking System

What happened in the crypto world in the last week? Let’s see some interesting news together!

LYOTRADE Amongst the Top 10 Most-Downloaded Apps List in Columbia

LYOTRADE App is reaching new heights each day, and it has now been listed amongst the top 10 most-downloaded list in Columbia.

LYOTRADE is a centralized cryptocurrency exchange dedicated to providing a safe and convenient platform for cryptocurrency trading, and being the best aggregator of a qualified cryptocurrency in the world.

One of the biggest advantages that LYOTRADE provides users is an easy-to-use, secure and advanced digital asset exchange platform with several types of trading offers such as Spot Trading, Margin Trading, Futures Contract, P2P, OTC, Grid Trading, and much more.

Elon Musk Wants Twitter Payments System to Accommodate Crypto: FT

Twitter is designing a system to permit payments through the social-media platform. Billionaire owner Elon Musk wants it “first and foremost” to be for fiat currencies but he wants the ability to add cryptocurrencies later, the Financial Times reported Monday.

Dogecoin (DOGE) spiked to its 24-hour high after the news broke. Musk has long professed a love of the meme coin.

New York State Announces New Bill to Accept Cryptocurrency Payments

The state of New York has announced a new bill that would allow agencies to accept cryptocurrency as a form of payment for fines, civil penalties, taxes, fees, and other payments charged by the state.

Introduced on January 26 by Democratic Assembly Member Clyde Vanel, the New York State Assembly Bill A523 legislation suggests changes to the state’s current financial law to allow for the use of cryptocurrencies in payments to state agencies.

The bill defined “cryptocurrency” as any form of digital currency that is governed by encryption methods and operates without the interference of a third party.

South Korea to Deploy Cryptocurrency Tracking System In 2023

The Ministry of Justice in South Korea announced plans to introduce a crypto-tracking system to counter money laundering initiatives and recover funds linked to criminal activities.

The “Virtual Currency Tracking System” will be used to monitor transaction history, extract information related to transactions and check the source of funds before and after remittance, according to local media outlet khgames.

While the system is slated to be deployed in the first half of 2023, the South Korean ministry shared plans to develop an independent tracking and analysis system in the second half of the year.

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