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mikealexisj

Advantages of Cryptocurrency

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From my point of view the one advantage of cryptocurrencies is that you can make transactions without intermediaries since they are protected by digital encryptions that provide a high level of security, another quality of cryptocurrencies is that they are fluctuating currencies that can increase or decrease its value according to global supply and demand, another advantage is that transactions are carried out quite fast compared to traditional banking transactions.

From my point of view the one advantage of cryptocurrencies is that you can make transactions without intermediaries since they are protected by digital encryptions that provide a high level of security, another quality of cryptocurrencies is that they are fluctuating currencies that can increase or decrease its value according to global supply and demand, another advantage is that transactions are carried out quite fast compared to traditional banking transactions.

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En mi criterio personal, considero que actualmente existen infinidad de ventajas de las criptomonedas como han sido mencionadas por muchos amigos en los comentarios de este post pero en particular creo que la mayor ventaja es que se pueden utilizar en todo el mundo ya sea viajas de Venezuela a España y tienes tus criptos en Binance, solo tendría que conseguir la cantidad a usar para la sesión P2P donde a través de tus criptomonedas cambias por la moneda local de donde te encuentres en ese momento. No sé ustedes pero esa gran ventaja de las criptomonedas me parece súper buena.

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The most important thing in my opinion is accessibility and ease of use.
To interact with cryptocurrency, you just need a device that can access the Internet, with which you can create your wallet and use it anywhere and anytime.


Мой телеграмм канал по заработку в CS:GO и криптовалюте:
https://t.me/TradeByPryga

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The most advantage of cryptocurrency is the price difference. In crypto currency the price of a coin is not fixed and the price is normally influence by the demand and supply on that particular coin. So someone can take an advantage of buying a coin at low price and selling it back when the price increase or change. So for me the most advantage in this cryptocurrency is the price difference.

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There are many advantages of cryptocurrency in this modern world where everything is digitalizing. Cryptocurrency are important because no one can controls your money except you. And transactions are also easy, You can transfer your crypto to any part of the world within a seconds.  There are many more advantages.

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On 5/3/2020 at 4:59, mikealexisj said:

Creo que las ventajas de las criptomonedas son que son rápidas y confiables, a diferencia de los bancos, cuando retiras o depositas, lleva tiempo. 

You are absolutely right, cryptocurrencies have many advantages especially because the entire procedure is done virtually and generally, that is, almost always takes very little time, for example, if you want to transfer money between users, it is almost immediately or if you want to buy or sell, In addition to mentioning that you do it from your own home without complicating going out or queuing as you have already mentioned, apart from that you can do it at any time where you are available, on that side it can be said that cryptocurrencies have their very good advantages , which benefits most if not all.

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I think there are many benefits from crypto currencies one of them is 

decentralization, also the speed of transactions and the fact that you control your money 

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Investing in cryptocurrencies has many advantages since you have control over them and you can calculate how much you can earn in the future, when you deposit your money in the bank you are subject to a fixed interest rate
 

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Its enables the poor person to mingle with the rich person,I for instance I was nobody in the society as soon as I started trading on crypto currency my status has change drastically from nobody to somebody in my society.

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Before we talk about the advantages of encrypted currencies, we must first know what the encrypted currency is
Both Antoine Bouvier and Vikram Hacksar say about the cryptocurrency that it is a potential new form of money that offers advantages but also raises several risks.
Some also say that these mysterious computer codes
It will someday replace traditional money
If we talk about traditional coinage itself, we will know that it was not stable or
Widely accepted and obliged by governments
For procedures for printing money to buy goods and raise wages
As for the presence of many cryptocurrencies, there is no need
Reliance on technology has become a central agent
Distributed digital ledgers such as Blockchain technology
As for the emergence of cryptocurrencies, the first cryptocurrency, Bitcoin, was introduced in 2009 by Satoshi Nakamoto, and then all the cryptocurrencies we see today came out of the womb of Bitcoin.
As for the advantages of cryptocurrencies, the transactions take place between two parties without interference from the other side that play the role of the mediator, as they are quick and in the shortest time transactions, as well as they are characterized by confidentiality, transparency, and their transfer fees are simple if compared to the two traditional monetary works. In addition, it helps greatly in facilitating global trade

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Crypto currency market is not ideal in many ways and got it own pros and cons

 

Positive

1.Generates big profit

2.100% Anonymous

3.Easy to use from any part of the world

 

Negative

1.If you get scammed nothing will help

2.Most of the coins are very unstable and you can lose up to 40% of your investments in 1 day

3.There are a lot of countries that restrict using of cryptocoins

 

 

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There are lots of advantages of crypto, many people all over the world joining crypto and changeing their luck . The main advantage of crypto is it give you financial freedom , no third party even government can't do anything here

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The advantages of cryptocurrency are so numerous. The aspect that interest me so much is the fact that I can earn so much money from the comfort of my home through cryptocurrency trading. Another is the possibility of transferring money with ease. 

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Just the same, the transfer of funds in the Bank is much faster and safer, because you know exactly all the work, and you will be sure that you will get a refund. With cryptocurrency, everything is different, of course, you will not pay tax and interest to the Bank for transferring funds, but the problem is that you can make a mistake or lose funds due to a change in the exchange rate!

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Hi,

Absolutely! Similar to what I had stated yesterday, one of cryptocurrency's innumerable benefits remains in the process of hedging against inflation. This benefit in and of itself can prove to be invaluable to individuals residing in developing nations, where political unrest and economic uncertainty can often make it difficult to rely on that country's proprietary fiat currency. 

Best, 
@Hiroyuki476

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I think many agree with me, in order to get at least some profit from cryptocurrency, or even just keep your savings in cryptocurrency, you need certain knowledge in this area, which is not achievable for some people. So, if you see that a person is well versed in cryptocurrency, then we can say that he is definitely not a stupid person. That is, cryptocurrency helps to form an opinion about a person.

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I believe that the advantages of operating with cryptocurrencies is that
they are safe and many maintain their value and are rising, in the near
future it will be very popular to operate with them.

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Cryptocurrencies have many advantages, you can do operations in other countries quickly and safely and can reach any family you need to help. It is decentralized and direct since you do not need to have intermediary as you would in a Bank. It is a real source of income for people who need to work from home.

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Cryptocurrencies are global, they do not have an exclusive use for any country, as if the fiat money of each of them has it, when you have digital currencies you can send them to anyone anywhere in the world and that shortens the times and the need for wait to do a commercial exchange, in that they are more versatile, something that we cannot do with fiat money, another advantage is that you can trade from anywhere in the world and obtain profits at the time you want without bank restrictions or extreme requirements , that is, cryptocurrencies are free as we are when we use them.

Huella_TS.png

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One of the most important advantages is speed. You don't have to wait for minutes to send or receive money  thanks to cryptocurrencies. Another advantage is that there are no restrictions on time and space. Your security risk is less, because you don't carry cryptocurrencies with you in cash or with a card.

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You are right, cryptocurrency operations are almost immediate and quite safe, so you must be careful to place the wallet where you are going to send cryptocurrencies without errors since the transaction cannot be reversed. Greetings

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I think the best thing about cryptocurrency is that's it's anonymous. Although this is also a disadvantage. The same way you can't trace cash transactions so that you can't find criminals, the same way you can't do that with crypto.

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This was a wake-up call for investors who had hoped that the ECB would not only cut rates once this year but continue to do so.   Towards the end of the working week, market attention focused on US consumer market data. According to the Bureau of Economic Analysis, inflation in the country, measured by the Personal Consumption Expenditures (PCE) Price Index, remained stable in April at 2.7% y/y. The Core PCE, which excludes volatile food and energy prices, rose by 2.8% y/y, matching the forecast. Other report details showed that personal incomes rose by 0.3% m/m in April, while personal spending increased by 0.2%.   After these data, the DXY Dollar Index was under slight pressure, and EUR/USD received a third bullish impulse. However, it did not last long, and ultimately, after all these fluctuations, EUR/USD returned to the Pivot Point of the last two and a half weeks, finishing at 1.0848. 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If the pair rises, it will encounter resistance at levels 1.2760, 1.2800-1.2820, 1.2885-1.2900.   No significant economic statistics are scheduled to be released in the UK next week.   USD/JPY: A Very Calm Week     The past week was surprisingly calm for the yen. USD/JPY moved within a super-narrow sideways channel of 156.60-157.00 for the first half of the week, but then, amid US data and Japanese macro statistics, the trading range expanded slightly to 156.36-157.70. Compared to the price swings at the end of April and early May, it's hard to believe this is the same currency pair. Interestingly, Japanese financial authorities have not officially confirmed whether they conducted intensive yen purchases on 29 April and 1 May to support its exchange rate. However, Bloomberg reports that comparing deposits at the Bank of Japan suggests that around ¥9.4 trillion ($60 billion) might have been spent on these currency interventions, a new monthly record for such financial operations.   However, if this $60 billion helped, it was only slightly – the dollar has already recovered half of its losses. Since interest rates in the US and Europe have not yet decreased, and the yen rate remains extremely low at 0.1%, officials from the Ministry of Finance and the Bank of Japan (BoJ) are trying to buy time until this gap starts to narrow. Comments from BoJ board member Seiji Adachi, who stated on 30 May that the Japanese central bank leaders could raise the interest rate, provided some support for the yen. However, the question of when this might happen remains open, and officials are reluctant to answer. In his traditional speech on Friday, 31 May, Japan's Minister of Finance, Shunichi Suzuki, reiterated that exchange rates should reflect fundamental indicators and that he would respond appropriately to excessive movements.   On Friday, 31 May, a block of important macroeconomic statistics on the state of the Japanese economy was released. The Consumer Price Index (CPI) in Tokyo showed that inflation rose to 2.2% y/y in May. In April, this figure was at 1.8%, matching a 26-month low. Core inflation in Tokyo also rose to 1.9% from 1.6% y/y, and the CPI excluding volatile food and energy prices increased from 1.8% to 2.2% y/y. (It should be noted that inflation in Tokyo is usually higher than the nationwide figures, which are published three weeks later. Therefore, the Tokyo CPI is a preliminary but not final indicator of inflation dynamics at the national level.)   The current rise in inflation could increase confidence in future BoJ monetary policy tightening. However, the fear of low inflation and a sharp yen appreciation deters the BoJ from raising the interest rate and narrowing the gap with other major global currencies' rates. A strong yen would harm national exporters. The decline in industrial production, which fell by -0.1% in April both month-on-month and year-on-year, does not encourage borrowing costs to rise.   The last note of the week for USD/JPY was struck at 157.25. United Overseas Bank (UOB) analysts believe that in the next 1-3 weeks, "the dollar has the potential for growth, but given the weak upward momentum, any advancement is likely to be slow. The 157.50 level might be difficult to overcome, and resistance at 158.00 is unlikely to be reached in the near future."   Speaking of the average forecast of experts, only 20% indicate a southward direction, while the remaining 80% adopt a neutral position and look east. Technical analysis tools show no such doubts or disagreements. Thus, 100% of trend indicators and oscillators on D1 point north, with 15% already in the overbought zone. It should be noted that if the green/north color of the indicators for the euro and the British pound indicates their strengthening, in the case of the yen, it conversely indicates its weakening. Therefore, traders may find it interesting to pay attention to the EUR/JPY and GBP/JPY pairs, whose dynamics have been impressive lately. The nearest support level is in the area of 156.25-156.60, followed by zones and levels at 155.50-155.90, 153.10-153.60, 151.85-152.35, 150.80-151.00, 149.70-150.00, 148.40, 147.30-147.60, 146.50. The nearest resistance is in the 157.40 zone, followed by 157.70-158.00, 158.60, and 160.00-160.20.   No significant events or publications regarding the state of the Japanese economy are expected next week. CRYPTOCURRENCIES: Bullish and Bearish Ethereum Prospects   For the second week, market participants' attention has been focused on the main altcoin. On 23 May, the US Securities and Exchange Commission (SEC) approved 19b-4 applications from eight issuers of spot exchange-traded funds based on Ethereum. (According to JP Morgan experts, this was dictated not by a desire to support digital assets but by a political decision aimed at supporting Joe Biden ahead of the US presidential elections.) Whatever the true reason for this regulatory move, everyone is now interested in where Ethereum prices will go. The newborn ETH-ETFs can only start trading after the SEC approves the S-1 applications. According to Bloomberg analyst James Seyffart, this could take "weeks or months," although it is very likely to happen in mid-June. According to DeFiance Capital CEO Arthur Cheong, Ethereum's price could rise to $4,500 even before trading begins. CCData analysts believe that within 100 days of the launch of ETH-ETFs, the price could reach $5,000 per coin. This forecast is based on linear regression and the price statistics of bitcoin after the launch of spot BTC-ETFs. CCData's analysis assumes that inflows into similar Ethereum funds will be at least 50% of inflows into Bitcoin-ETFs, which means about $3.9 billion over a 100-day period.   Popular analyst Lark Davis has forecasted future growth for bitcoin to $150,000 and Ethereum to $15,000, explaining such a sharp price increase by the emerging market dynamics. The main reason for growth, Davis also cites spot BTC-ETFs, to which ETH-ETFs will now join. This will further fuel the cryptocurrency market's enthusiasm. Currently, spot BTC-ETFs hold 1,002,343 coins (≈ $68 billion), which is about 5% of the circulating supply of the flagship asset. Davis believes this impressive figure clearly indicates growing recognition of cryptocurrency and interest from institutional investors, especially from the US.   Strike CEO Jack Mallers predicts that during the ongoing bull rally, bitcoin could reach $250,000 and possibly rise in price to $1 million. On a podcast with Pomp Investments founder Anthony Pompliano, Mallers explained his bold forecast by stating that bitcoin is still at an early stage of development. According to him, the bond market is currently facing problems, so central banks may inject a significant amount of liquidity into the financial system to stabilize it. This liquidity influx will trigger an increase in the value of risky assets, including the leading cryptocurrency.   Jack Mallers disagrees with the notion that bitcoin is a bubble or a tool for speculation. The asset is becoming increasingly popular among financial giants on Wall Street, and its limited supply of 21 million coins makes BTC highly resistant to inflation, unlike fiat currencies and gold. "Bitcoin can be called the hardest form of money – thanks to the fixed issuance schedule and halvings every four years. The release rate of new coins gradually decreases, thereby increasing bitcoin's long-term value," argued the Strike CEO.   Analysts from financial investment company Motley Fool also target a six-figure number. They suggested that bitcoin's rate could rise to $400,000 and possibly even reach $1 million. The reason, which has been mentioned many times, is the influx of money from institutional investors through spot ETFs. Motley Fool analysts noted that more and more pension funds and hedge funds, managing multi-billion dollar sums, are entering the bitcoin market. Thanks to cryptocurrency ETFs, they can easily include bitcoin (and soon Ethereum) in their investment portfolios.   According to analysts, around 700 investment companies have already invested in such funds. Nevertheless, the share of institutional investors in bitcoin-ETFs is currently only about 10% of the total. Motley Fool estimates that if financial institutions invest about 5% of their assets in bitcoin, the market capitalization of the first cryptocurrency could exceed $7 trillion, which explains its forecasted rate of $400,000.   Considerably less optimism was heard in the forecast of Bloomberg senior analyst Mike McGlone. According to him, bitcoin's volatility leaves it trailing gold and the US dollar in investment appeal. Furthermore, he believes that stocks will soon crash amid the expected recession, but BTC will suffer even more than the stock market. McGlone emphasized that the Tether (USDT) stablecoin, pegged to the US dollar, typically trades twice as much per day as bitcoin. "I can access the US dollar anywhere in the world from my phone using Tether. Tether is the number one trading token. It's the number one cryptocurrency for trading. It's the dollar. The whole world has moved to the dollar. Why? Because it's the least bad of all fiat currencies," the Bloomberg expert stated.   While Mike McGlone merely downgraded bitcoin's attractiveness, Cardano founder Charles Hoskinson simply buried it. He equated bitcoin to a religion and stated that the industry has outgrown its dependence on it. According to Hoskinson, "the industry no longer needs bitcoin to survive." He pointed out critical threats to the leading cryptocurrency, including insufficient adaptability and dependence on the Proof-of-Work algorithm. Franklin Templeton analysts, on the contrary, consider L2 protocols, along with Ordinals, Runes, and DeFi primitives, as one of the main drivers of bitcoin's innovation revival. Strike CEO Jack Mallers defended the first cryptocurrency. According to him, the Lightning Network, created for instant and cheap transactions, a second-layer solution based on the BTC blockchain, can further increase the demand for the first cryptocurrency. Mallers believes that thanks to this, bitcoin can be used for everyday purchases, such as paying for a cup of coffee. Former BitMEX CEO Arthur Hayes called the native token of the Cardano blockchain (ADA) "dog shit" due to its low use in protocols.   As of the time of writing this review on the evening of Friday, 31 May, ADA is trading at 0.45 USD per coin, while bitcoin and Ethereum are faring significantly better: BTC/USD is trading at $67,600, and ETH/USD at $3,790. The total cryptocurrency market capitalization is $2.53 trillion ($2.55 trillion a week ago). The Bitcoin Fear & Greed Index remained almost unchanged over 7 days, staying in the Greed zone at 73 points (74 a week ago).   It should be noted that ETH/USD failed to break through the $4,000 resistance this past week. The local maximum was recorded on Monday, 27 May, at $3,974. The lack of an immediate pump is explained by the fact that everyone who wanted to buy Ethereum in anticipation of the SEC's historic decision already did so. Meanwhile, according to some analysts, there is a high probability that immediately after the launch of the long-awaited spot exchange funds, Ethereum will enter a deep drawdown, similar to what happened in January with bitcoin. Then, over 12 days, it fell by 21%.   One of the key reasons for BTC's drawdown at that time was the unlocking of GBTC fund assets from Grayscale, which was converted into a spot fund from a trust. It began losing investments daily at a rate of $500 million. It is possible that something similar could happen with Ethereum, where Grayscale's ETHE fund holds $11 billion worth of ETH. As soon as this fund is converted into a spot fund and its assets are unlocked, short-term investors might start taking profits, potentially causing ETH/USD to fall to the strong support zone of $2,900-3,200. Pessimists among bearish factors also cite the uncertain legal status of the altcoin, as the SEC has not yet clearly defined whether ETH is a commodity or a security. Additionally, the regulator has many complaints about the staking program.   Staking is a way to earn cryptocurrency by "locking" a certain amount of coins in a wallet on the Proof of Stake (PoS) algorithm to support the network. In return, the user receives rewards in the form of additional coins. According to Wall Street legend Peter Brandt, "the biggest disasters in the cryptocurrency sphere that are yet to happen will be related to staking." The expert noted that such assets as Ethereum are often rented out to earn such income, often in the form of interest, which strongly reminds him of collapsed financial pyramids. As staking becomes more widespread, Brandt warned, it could attract increased attention from central banks, treasuries, and other authorities. This could lead to tighter regulation, significantly altering the crypto space and potentially resulting in the cessation of staking and bankruptcies for those involved. NordFX Analytical Group   Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/ 
    • Даа, кроме нас на форуме остались рекламщики обменников и все). А у вас было монета not, он очень хорошо вырос. Надо было покупать сразу после листинга. Даа, упускаем моменты). Биткоин продолжает коррекцию делать, а я купил какие то щитки и вынужден ждать. 
    • Крупный банкир получил тюремный срок за криптомошенничество   Бывший инвестиционный банкир Рашон Рассел приговорён к 41 месяцу тюремного заключения за мошенничество с использованием цифровых активов. В результате расследования правоохранительные органы США выяснили, что обвиняемый начал опробовать свою мошенническую схему на друзьях, бывших одноклассниках и коллегах по работе в криптофонде R3 в ноябре 2020 года. Рассел обещал им гарантированную доходность инвестиций от 25% до 100%. Чтобы его слова были ещё убедительнее, он пустил в ход свой опыт инвестиционного банкира и сфабрикованные документы (поддельные счета, переводы). Сначала он использовал часть полученных обманным путём средств для выплаты долгов более ранним инвесторам. Остальные деньги Рассел тратил на азартные игры и поддержание роскошного образа жизни. Такая мошенническая схема работала до августа 2022 года. В апреле 2023 года Рашона Рассела арестовали, а в сентябре он признал свою вину. Тогда же выяснилось, что Рассел незаконно приобрёл около 100 кредитных и дебетовых банковских карт на имена других людей. По мнению следователей, он планировал использовать карты для проведения транзакций с полученными незаконным способом деньгами. Минюст США подсчитал, что потери инвесторов от мошеннической схемы Рассела составили $1,5 млн. Именно эту сумму подсудимый должен выплатить своим жертвам в качестве компенсации. Источник - https://ru.investing.com/news/cryptocurrency-news/article-2428894
    • CryptoRank поделился списком крупнейших разлоков июня.        Будьте осторожны в отмеченные дни, ведь увеличение предложения может вызвать давление со стороны продавцов. ARB — $105.21 млн;APT — $103.03 млн;UNI — $87.93 млн;STRK — $75.67 млн;DYDX — $66.3 млн;SEI — $63.81 млн;ID — $55.82 млн;IMX — $54.96 млн;MERL — $42.21 млн;ENS — $36.65 млн.  
    • 🚀Join $20 000 000 Cryptodrop 🚀Collect points to get BFG rewards 🚀To the Moooon!    If you are interested, click here 👇
    • В Татарстане построят майнинговую ферму стоимостью $100 млн   В Иннополисе, городе высоких технологий в Республике Татарстан, реализуют майнинговый проект стоимостью $100 млн. Об этом на криптофоруме в Казани сообщил заместитель премьер-министра Татарстана Роман Шайхутдинов и заместитель министра цифрового развития, связи и массовых коммуникаций РФ Александр Шойтов.     В 2023 году Россия поднялась на второе место по майнингу криптовалют. По оценке экспертов, в майнинге может быть использовано до 5 гигаватт электрической мощности, что позволит стране занять лидирующие позиции в отрасли, — сказал Александр Шойтов.   В середине февраля компания по добыче биткоинов BitRiver также обнародовала планы по запуску крупнейшего в России дата-центра, ориентированного на искусственный интеллект.   В РФ пока нет чётких правил по контролю майнинга. В конце апреля российские законодатели представили новую версию законопроекта, направленного на регулирования рынка добычи криптовалют. По словам одного из его авторов, правила могут вступить в силу уже в сентябре этого года.
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