Bitbunny Today's Knowledge Quiz June 4th Answer Revealed! Read the Landscape of the Coin Market with 'Genius Act'!

'App tech', which allows anyone with a smartphone to easily participate and earn a little pocket money! Methods of earning rewards through various activities, such as earning money just by walking or learning everyday knowledge by solving quizzes, are gaining great popularity. Today (4th), the knowledge quiz released in Bitbunny was about 'stablecoin regulation', one of the hottest issues in the recent global financial market.

Along with the answer to Bitbunny's Today's Quiz about the important economic term 'Genius Act', we will delve into what this term means and how to utilize Bitbunny! We wish all our readers a happy day and prosperity~

Bitbunny Today's Knowledge Quiz June 4th Question & Answer Revealed!

Here is the 'Today's Knowledge Quiz' released today (4th) in the Bitbunny app.

• Question: "Recently, the U.S. Senate passed the stablecoin regulation bill 'OOOOOO', which includes '1:1 reserve holding' and 'anti-money laundering obligations', etc. Although it is a stablecoin regulation bill, the market evaluates it as actually allowing virtual assets into the institutional framework, and the market sees this law as a 'coin recognition law' that will increase investor confidence!"
• Hint: 'ㅈㄴㅇㅅㅇㅌ'
• Answer: 'Genius Act'

If you got the answer right, you would have earned up to 100C (coins)!

The 'Coin Recognition Law' of the Virtual Asset Market, What is the 'Genius Act'?

The 'Genius Act', which was featured as a quiz question, is an important bill that can significantly impact the virtual asset market, especially the stablecoin market.

• Definition: 'Genius Act' is the name of the **stablecoin regulation bill** passed by the U.S. Senate. As the name 'Genius' suggests, this bill presents a new approach to the virtual asset market.
• Key Contents:
  • 1:1 Reserve Holding Obligation: Stablecoin issuers must hold reserves equal to the value of the issued amount in fiat currency or equivalent assets (e.g., USD) on a 1:1 basis. This is to ensure the stability of stablecoins and protect investors.
  • Anti-Money Laundering Obligations: Strict regulations and obligations such as Anti-Money Laundering (AML) are imposed.
• Market Evaluation: 'Coin Recognition Law'
  • Although it appears to be a stablecoin regulation bill, the market evaluates that this bill **actually allows virtual assets into the institutional framework**.
  • Through this, it is expected to **increase investor confidence** in virtual assets and **ensure market transparency and stability**.
  • It is a completely different concept from digital tax, also called 'GAFA tax' or 'Google tax', named after global IT companies (GAFA), in terms of its purpose and targets.

From Walking to Shopping! How to Utilize 'Bitbunny' App Tech

Bitbunny is an app that lets you earn money through walking activities, aiming for a 'growth-type app tech' that allows you to take care of both health and pocket money.

• Pedometer Function: A core function that accumulates reward points just by walking, allowing you to benefit twice by taking care of your health and earning money.
• Today's Knowledge Quiz: You can earn additional points by participating in the knowledge quiz that runs daily from 00:00 and getting the correct answer. You can receive up to 100C (coins) if you answer correctly.
• Bunny Store (Cashback): Provides a cashback service where you can get a portion of the amount spent shopping back as points when purchasing from various online shopping malls and travel-related sites such as Gmarket, 11st, Kyobo Bookstore, and Yanolja.
• Point Usage: Accumulated reward points can be used usefully like actual living expenses. They can be exchanged for various mobile coupons such as culture gift certificates and Naver Pay points that can be used like cash, as well as coffee, chicken, and pizza.

Small Rewards with Your Smartphone! The 'App Tech' Trend

Activities that earn rewards through apps, like Bitbunny OK Quiz, have recently gained significant popularity under the name 'app tech', attracting diverse age groups beyond the MZ generation.

• Definition: App tech is a portmanteau of 'application' (App) and 'financial technology' (Tech), referring to activities that earn or save money using smartphone apps.
• Advantages: You can easily participate anytime, anywhere with just a smartphone without any burden, offering very high accessibility. It is gaining attention as a method for saving living expenses or earning small profits when participating steadily, although the amounts are small.
• Precautions: Before starting app tech, it is important to carefully check the app's reliability, the level of personal information required, and the transparency of reward payments, and choose a trustworthy app to enjoy app tech safely.

Concluding Remarks

We hope you have successfully accumulated points through the answer to today's Bitbunny Today's Knowledge Quiz, 'Genius Act'!

Bitbunny is a comprehensive app tech platform linked from walking, quizzes, to shopping, and is a great way to get supplementary income along with a little fun. If you participate consistently every day, you can expect decent rewards.

What do you think about new bills that can change the landscape of the virtual asset market, like the 'Genius Act'? Do you find it useful to learn economic knowledge through app tech? Let's discuss it together in the comments!