In an effort to deactivate the growing commercial war between the United States and China, both powers began negotiations in Geneva, Switzerland. After the meeting, the leaders of both countries agreed to significantly reduce mutual import tariffs for a period of 90 days, an important unwinding within the framework of the commercial war.
The US Treasury Secretary, Scott Besent, declared that US tariffs on Chinese imports will now be reduced to 30% for 90 days, while Chinese tariffs on US imports will be reduced to 10% during the same period of time. Pause It started on May 14.
It is a scenario that has been positive for both Bitcoin and other cryptocurrencies. The pioneer digital currency has had a slight rebound in the last seven days that reinforces the rise trend observed since April. All this, at the same time as Institutional interest in acquiring BTC grows(reaching levels that have no precedents) and regulatory proposals in the United States experience some stumbling blocks.
At the regional level, there is talk of A fiscal attack in Spain Against cryptocurrency users, while in Argentina the companies of the sector denounce fiscal inequality and plans for a CBDC in Bolivia.
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