India will take Decision on crypto Regulation Says Nirmala Sitharaman

Indian Finance Minister Nirmala Sitharaman states that the country's crypto policy will not be rushed. "Out intention is no way to hurt the ecosystem, or to even say that we don't need it"

India will take Decision on crypto Regulation Says Nirmala Sitharaman.jpg

India's finance minister, Nirmala Sitharaman, discussed cryptocurrency regulation Wednesday at a fireside chat organized by Standford University School of Medicine.

Nirmala Sitharaman said that India will not rush to finalize the country's crypto policy, and also will take an informed judgment after due considerations across multilateral fora.

Sitharaman admitted that blockchain technology has the possibility to improve India's economy. "Blockchain is full of potential not just in the payments arena but also in many others."

"Our intention is in no way to hurt the ecosystem, or to even say that we don’t need it, but to define for ourselves how we need them and in what ways their growth should be facilitated and how we are going to handle it."

The finance minister also highlighted that "it also can be manipulated for not so desirable ends whether it is money laundering or leading to financing terror"

Read full story at https://cryptounity.news/india-will-take-decision-on-crypto-regulation-says-nirmala-sitharaman

Comments

Chinese city Shanghai includes Metaverse in its development plan

Shanghai's five-year plan requires the utilization of a metaverse out in the open administrations, business, amusement, and modern assembling. Shanghai, China's most jam-packed city, is looking for ways of utilizing a metaverse openly administration over the course of the following five years. Shanghai Municipal Commission of Economy and Information Technology's five-year improvement plan for the electronic information industry is recorded for investigation, and one of them is the metaverse. Read full story on http://cryptounity.news/Chinese-city-Shanghai-includes-Metaverse-in-its-development-plan

Spotify reportedly tests NFT galleries on musician profiles

Spotify platform is exploring the possibilities to “improve artists and fan experiences” by surveying its users. Giant music streaming platform Spotify is reportedly testing the option to include nonfungible token (NFT) galleries on musicians’ profiles. Should the trial succeed, the embedding of NFTs would serve to improve artist and fan experiences. Spotify is running a test for select users of the platform’s Android app in the USA. These users can see the NFT previews on the artists’ profiles. Now, there are only two such artists, Dj and producer Steve Aoki and Indie rock band The Wombats both of which are known for their adoption of NFTs. It’s not possible to make direct purchases, but after reading about the NFT and seeing an enlarged preview. the user can tap to be redirected to the OpenSea page where they can purchase the item. According to reports, Spotify doesn’t support videos or GIF formats, showing only a static image without any sounds. Spotify spokesperso...

StarkWare is built into a unique ZK-Rollup Snap by MetaMask

StarkNet is not yet natively compatible with MetaMask because it uses a different address and account structure than Ethereum this is not EVM compatible with the first-ever Layer 2 snap that makes ZK rollup compatible users now have better access to a permissionless decentralized network for quick cheap applications. We made a StarkNet dApp that lets users install the snap as well manage and add tokens that are based on StarkNet snap lets you manage StarkNet assets by making StarkNet keys from your MetaMask secret Recovery Phrase without having access to your MetaMask information. Read full news at: http://cryptounity.news/starkware-is-built-into-a-unique-zk-rollup-snap-by-metamask

Cryptounity.news

Search This Blog