• Indian exchange proposes sandbox
    Asia & Australia,  Politics,  Regulation

    Indian exchange proposes sandbox to avoid countrywide crypto ban

    BuyUcoin says its proposals have been drawn up in conjunction with other Indian trading platforms but there’s no guarantee that the government will listen

    “This is the first milestone of a long journey for making cryptocurrency accessible to the masses,” BuyUcoin CEO and co-founder Shivam Thakral said. “The draft of the sandbox is driven by input from crypto experts and industry insiders. This will not only help the government to make laws, but will also guide startups and budding entrepreneurs to enter this blooming industry.”

  • Europe regulate crypto assets
    Cryptocurrencies,  Europe,  Regulation

    Europe unveils plans to regulate cryptocurrencies. It’s good news and bad news

    While the proposed measures will make it easier for crypto companies to operate across the EU, global stablecoin issuers are going to face ‘stringent requirements’

    Under the new rules, a fintech company that obtains a license to operate in one EU nation will be able to provide services in the trading bloc’s 26 other member states automatically.

  • Non-fungible tokens for trees
    Technology

    NFTrees: Tokenized trees offer crypto rewards when carbon is captured

    Through the Telos-backed project, token holders could end up tracking their tree’s progress, and receiving rewards, for 60 years

    A new initiative allows investors to pay $13 to have a tree planted. A photo of the tree is then uploaded to the Telos blockchain, along with its GPS coordinates. To sweeten the deal, the investor will receive crypto-based rewards as the tree grows and captures carbon—creating a financial incentive for clamping down on climate change.

  • Financially illiterate own crypto
    Canada,  Cryptocurrencies,  Regulation

    Report: Financially illiterate more likely to own crypto

    Bank of Canada survey finds consumers with a low level of financial literacy are twice as likely to own crypto as those with high levels

    For the second consecutive year, the study “found that awareness of Bitcoin increased with financial literacy, but the likelihood of ownership declined as the level of financial literacy increased.”

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