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UN Report: Venezuela Ranks Third Among Countries With Most Crypto Adoption


Venezuela, one of the first countries in Latam to be considered “crypto-friendly” by some standards, has ranked third in adoption rates, according to a report issued by the United Nations. The report, issued last month, states that the cryptocurrency ecosystem has grown by 2,300%...

Hong Kong to Introduce Licensing for Crypto Platforms Through AML Law


New legislation tailored to regulate the crypto space in Hong Kong aims to implement a licensing regime for crypto service providers. The respective changes to the region’s anti-money laundering (AML) rules have been submitted to its legislature while a recently published report examines...

Tencent Launches Extended Reality Unit to Tackle the Metaverse Market


Tencent, the Chinese technology and entertainment giant, announced the creation of its own metaverse-driven division. The division, named the extended reality unit, will be the one tasked with encompassing all metaverse-driven efforts, including hardware and software developments. According...

Saddle․Finance Creates New Standards for DeFi Trading


DeFi is a sub-sector in the crypto industry that has witnessed significant innovation since its inception. However, the narrative has struggled to stay consistent, affecting the domain overall. The current bear market has wiped out more than half of DeFi Total Value Locked (TVL), hampering...

Meta, Microsoft, and Others Launch Metaverse Standards Group


Meta, Microsoft, and 31 more companies have united to form an organization to promote the creation of open standards regarding metaverse tech. The institution, named the Metaverse Standards Forum, will focus on establishing standards to make each one of the metaverses on the internet interoperable...

Big Tech Joins Hands to 'Foster' the Creation of Metaverse Standards


  Meta, Microsoft, Nvidia, Sony, as well as 33 other tech giants racing to build the metaverse have formed a group to create the infrastructure for an interoperable metaverse. Dubbed The Metaverse Standards Forum, the new initiative aims to introduce interoperability and cross-compatibility...

UK Affirms Commitment to Regulate Stablecoins Following Terra Meltdown


The British Treasury Department has affirmed its commitment to regulate stablecoins after the collapse of terrausd (UST) and terra (LUNA). “This will create the conditions for issuers and service providers to operate and grow in the U.K., whilst ensuring financial stability and high...

IMF Official: Regulating Crypto Assets Is High on the Agenda for India


A director at the International Monetary Fund (IMF) says that crypto regulation is “certainly high on the agenda” for India. “We are trying to come up with global standards for #crypto asset regulations. I think that’s important for India to also adopt,” said...

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