OTC’s Weekly Retrospect 21/02–25/02/2022

Every week we take a look back over the week’s biggest Bitcoin and Digital Asset stories making waves in the cryptosphere.

Major news stories this week;

1. Stock Exchange of Thailand to Launch Digital Asset Exchange ‘Very Soon’
2. Crypto Industry Masters Washington’s ‘Revolving Door’ as its Influence Grows.
3. El Salvador’s Tourism Rises 30% After Bitcoin Became Legal Tender
4. Crypto companies are tempting top talent away from Big Tech to build ‘Web3’
5. Ruby on Rails Creator Capitulates on Bitcoin After Seeing Canadian Government’s Response to Freedom Convoy

Short Summaries;

1. The Stock Exchange of Thailand is getting ready to launch a digital asset exchange. The president of the Thai bourse expects the country’s crypto regulator, the Thai Securities and Exchange Commission (SEC), to approve the launch “very soon.”
2. People are increasingly moving between jobs in crypto and the government agencies that police the industry, raising potential conflicts of interest that could undermine efforts to rein in the sector, according to a watchdog group. There have been nearly 240 instances of crypto’s so-called revolving door, where employees leave the government for the private sector and vice versa, according to a new report by the Tech Transparency Project.
3. El Salvador’s tourism has grown more than 30% after adopting bitcoin as legal tender, according to the country’s ministry of tourism. “Cryptocurrency multiplies the opportunities to do business with more partners anywhere in the world,” the Salvadoran government explained.
4. Executives at tech giants like Google, Facebook and Amazon are quitting to take jobs in the buzzy world of crypto. Blockchain platforms such as Polygon and Circle have hired top talent from Big Tech firms lately, enticing them with the pitch of working on the next “big thing” in tech — Web 3.0, or Web3.
5. The creator of Ruby on Rails says the situation in Canada is “terrifying” and “a real wakeup call.” He admits that he was wrong about bitcoin and cryptocurrency. “A few months ago, I would not have found it credible if you said a three-week peaceful protest in Canada could have led to martial law, frozen bank accounts, and terrorist-financing laws being used to hunt protest donors,” he stressed.

Wishing you a happy and relaxed weekend ahead from all of us here at OTC Supply… Happy Friday!