📈 Vodka token appeared on PancakeSwap just yesterday, and has already made х10 (even up to х28!)
ℹ️ Vodka token is a collectible NFT game based on DeFi. In the game, participants mix cocktails and make money on them!
The recipe is simple: a serving of Vodka token, a serving of BNB or ETH, or USDT (one of your choice) and the NFT cocktail is ready!
❗️ There is a chance to randomly receive NFT above expectations: instead of a $ 100 cocktail, an Extra cocktail may drop out, which can be sold for $ 500.
You can also stake your NFT cocktail up to 144% APY or take part in the fair lottery and win up to 300%.
🍾 By the way, 1500 NFT cocktails are currently being drawn on the Discord Vodka token server
Terms: discord.gg/t7JeCe5Sm5
🌐 Website: vodkatoken.com
📩 Telegram: t.me/vodkatoken
🐦 Twitter: twitter.com/vodkatoken
ℹ️ Vodka token is a collectible NFT game based on DeFi. In the game, participants mix cocktails and make money on them!
The recipe is simple: a serving of Vodka token, a serving of BNB or ETH, or USDT (one of your choice) and the NFT cocktail is ready!
❗️ There is a chance to randomly receive NFT above expectations: instead of a $ 100 cocktail, an Extra cocktail may drop out, which can be sold for $ 500.
You can also stake your NFT cocktail up to 144% APY or take part in the fair lottery and win up to 300%.
🍾 By the way, 1500 NFT cocktails are currently being drawn on the Discord Vodka token server
Terms: discord.gg/t7JeCe5Sm5
🌐 Website: vodkatoken.com
📩 Telegram: t.me/vodkatoken
🐦 Twitter: twitter.com/vodkatoken
Bank Of England’s Governor Terms El Salvador’s Bitcoin Adoption A Matter Of Concern
Andrew Bailey, the Bank of England Governor, has termed El Salvador’s decision of adopting Bitcoin as legal tender “concerning.” He also added that its volatility would catch out citizens and users of BTC in El Salvador.
BTC’s Volatility A Significant Risk
The Governor made the comments while responding to questions during a Cambridge University students union.
“It concerns me that a country would choose it as its national currency. What would worry me most of all is, do the citizens of El Salvador understand the nature and volatility of the currency they have.”
He also stated that the International Monetary Fund (IMF) is also unhappy with El Salvador’s decision to adopt Bitcoin as legal tender.
Bank Of England Exploring Digital Currencies
Bailey also stated that the Bank of England was studying digital currencies and whether it should create its own digital currency system to help facilitate online payments and allow customers to access a secure way of holding their assets.
“There is a strong case for digital currencies, but in our view, it has to be stable, particularly if it’s being used for payments. That is not true for crypto assets.”
El Salvador’s Bitcoin Tilt
El Salvador became the first country to legalize Bitcoin and declare it as legal tender. The president of El Salvador, Nayib Bukele, claimed that this move would allow a significant portion of Salvadorans to access banking and financial services. It would also allow them to save around $400 million in fees when sending remittances back home from other countries.
El Salvador’s parliament approved the proposal in June, allowing Bitcoin to be accepted as a mode of payment for goods and services in the country.
Salvadorans Cagey About Bitcoin
Despite Bukele’s conviction, opinion polls on the ground seem to paint a different picture, stating that a majority of El Salvador’s population rejects the idea of BTC and would continue to use the US Dollar, which has been El Salvador’s legal currency for 20 years.
Several economists, and international organizations such as the International Monetary Fund, World Bank, and Inter-American Development Bank, have all expressed concern regarding the adoption of Bitcoin by El Salvador. Cryptocurrencies have seen a significant increase in popularity, despite furious debate around their status in government and financial circles.
IMF Highly Critical Of El Salvador
The International Monetary Fund (IMF) is still highly critical about El Salvador’s decision to adopt Bitcoin as legal tender, pointing at issues related to consumer risk. El Salvador went ahead and legalized Bitcoin at the start of 2021, despite strong opposition from the IMF.
The IMF, stepping up its criticism directed towards El Salvador, released a statement emphasizing the dangers of the legalization of Bitcoin on Monday.
Andrew Bailey, the Bank of England Governor, has termed El Salvador’s decision of adopting Bitcoin as legal tender “concerning.” He also added that its volatility would catch out citizens and users of BTC in El Salvador.
BTC’s Volatility A Significant Risk
The Governor made the comments while responding to questions during a Cambridge University students union.
“It concerns me that a country would choose it as its national currency. What would worry me most of all is, do the citizens of El Salvador understand the nature and volatility of the currency they have.”
He also stated that the International Monetary Fund (IMF) is also unhappy with El Salvador’s decision to adopt Bitcoin as legal tender.
Bank Of England Exploring Digital Currencies
Bailey also stated that the Bank of England was studying digital currencies and whether it should create its own digital currency system to help facilitate online payments and allow customers to access a secure way of holding their assets.
“There is a strong case for digital currencies, but in our view, it has to be stable, particularly if it’s being used for payments. That is not true for crypto assets.”
El Salvador’s Bitcoin Tilt
El Salvador became the first country to legalize Bitcoin and declare it as legal tender. The president of El Salvador, Nayib Bukele, claimed that this move would allow a significant portion of Salvadorans to access banking and financial services. It would also allow them to save around $400 million in fees when sending remittances back home from other countries.
El Salvador’s parliament approved the proposal in June, allowing Bitcoin to be accepted as a mode of payment for goods and services in the country.
Salvadorans Cagey About Bitcoin
Despite Bukele’s conviction, opinion polls on the ground seem to paint a different picture, stating that a majority of El Salvador’s population rejects the idea of BTC and would continue to use the US Dollar, which has been El Salvador’s legal currency for 20 years.
Several economists, and international organizations such as the International Monetary Fund, World Bank, and Inter-American Development Bank, have all expressed concern regarding the adoption of Bitcoin by El Salvador. Cryptocurrencies have seen a significant increase in popularity, despite furious debate around their status in government and financial circles.
IMF Highly Critical Of El Salvador
The International Monetary Fund (IMF) is still highly critical about El Salvador’s decision to adopt Bitcoin as legal tender, pointing at issues related to consumer risk. El Salvador went ahead and legalized Bitcoin at the start of 2021, despite strong opposition from the IMF.
The IMF, stepping up its criticism directed towards El Salvador, released a statement emphasizing the dangers of the legalization of Bitcoin on Monday.
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Crypto Clowns are armed, dangerous and on the loose 🤡🔪
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Prizes to be WON:🏅
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Today we surpassed the milestone of 80,000 🔹Tedefi Exchange users! 🎉
Expected Price at the end of December: ~$0.5$ + 495% 🔥
This Week completed updates:🎉
💙TrustWallet Integrated
🦊Metamask Integrated
🕶Deposit confirmation speed optimized
🔧Minor bug fixes
Next two weeks plan: 🔹
P2P Transfers Inside 🔹TedefiBot
🖇New trading pairs implementation
🔐Staking Airdrop announcement 🔥
@TedefiBot
First Live Exchange for Trading based on Telegram
LIVE CHART TEFI COIN BASED ON BINANCE CHAIN🔸I
Investors relish stable returns from TEFI Token inside the Tedefi Telegram Exchange @Tedefibot. Considering upcoming updates to the network, the price is expected to triple by the end of the year!
📠Tedefi Information
🔹Token Symbol: TEFI
🔹Network: Smartchain
🔹Circulating Supply: 25,050,000 TEFI
🔹Max Circulating Supply: 86,800,000 TEFI
📠Tedefi Chart
✅7 Days : +20.70%
✅30 Days : +190.70%
✅Expected Price at the end of December: ~$0.5$ + 495% 🔥
📠TedefiBot Features
🔸Live Chart Inside Telegram
🔸Referral Program without verifications
🔸Instant Withdrawals inside Tedefi Exchange
📠Useful Links
👉 Website Tedefi.com
👉 Team P2PBlockchain.org
👉 Telegram bot @TedefiBot
#First Telegram Exchange Platform
#Unique Telegram-Based Technology
@TedefiBot
Expected Price at the end of December: ~$0.5$ + 495% 🔥
This Week completed updates:🎉
💙TrustWallet Integrated
🦊Metamask Integrated
🕶Deposit confirmation speed optimized
🔧Minor bug fixes
Next two weeks plan: 🔹
P2P Transfers Inside 🔹TedefiBot
🖇New trading pairs implementation
🔐Staking Airdrop announcement 🔥
@TedefiBot
First Live Exchange for Trading based on Telegram
LIVE CHART TEFI COIN BASED ON BINANCE CHAIN🔸I
Investors relish stable returns from TEFI Token inside the Tedefi Telegram Exchange @Tedefibot. Considering upcoming updates to the network, the price is expected to triple by the end of the year!
📠Tedefi Information
🔹Token Symbol: TEFI
🔹Network: Smartchain
🔹Circulating Supply: 25,050,000 TEFI
🔹Max Circulating Supply: 86,800,000 TEFI
📠Tedefi Chart
✅7 Days : +20.70%
✅30 Days : +190.70%
✅Expected Price at the end of December: ~$0.5$ + 495% 🔥
📠TedefiBot Features
🔸Live Chart Inside Telegram
🔸Referral Program without verifications
🔸Instant Withdrawals inside Tedefi Exchange
📠Useful Links
👉 Website Tedefi.com
👉 Team P2PBlockchain.org
👉 Telegram bot @TedefiBot
#First Telegram Exchange Platform
#Unique Telegram-Based Technology
@TedefiBot
📣 CryptoDragons Pre Sale is LIVE: Get Your NFT Dragon Egg Now!
🐉 CryptoDragons is announcing the very start of Pre Sale where NFT Eggs with Dragons inside are available to reserve!
🔥 CryptoDragons scored 2 World Records by selling 2 Legendary Egg NFTs on primary sales for 35 ETH & 50 ETH.
🚀 Big News! CryptoDragons has released its own token - Dragon Coin, which will be airdropped to Egg Owners.
🌐 Visit: cryptodragons.com
🐉 CryptoDragons is announcing the very start of Pre Sale where NFT Eggs with Dragons inside are available to reserve!
🔥 CryptoDragons scored 2 World Records by selling 2 Legendary Egg NFTs on primary sales for 35 ETH & 50 ETH.
🚀 Big News! CryptoDragons has released its own token - Dragon Coin, which will be airdropped to Egg Owners.
🌐 Visit: cryptodragons.com
How NFTs Are Disrupting The Future Of Gaming, From Cards To Characters
The gaming industry is set to undergo some significant changes over the coming years. Innovative concepts such as non-fungible tokens and play-to-earn mechanics change the way people approach games and their content. Whether card-based games or in-game characters, the landscape will look very different in a few years.
Whereas most people see non-fungible tokens as digital art, the technology allows for many more use cases. For example, NFTs can provide players with actual ownership of their in-game items and characters in the gaming sector. That ownership will enable players to trade or sell their assets in exchange for real money, creating a different overall economy. Moreover, this approach has tremendous potential to boost player retention, as most games tend to lose their audience after a few months.
The initial concept dates back to CryptoKitties, a blockchain-based collectible game that brought NFTs to a broader audience. The project is successful and is still going strong today, as the breeding-oriented aspect of these digital cats continues to pique people's interest. Ever since the project launched, NFTs and gaming have undergone a tremendous evolution. Today, the correlation between video games and NFTs has become a lot more outspoken through metaverses, MMORPGs, play-to-earn games, etc.
The NFT movement has not gone unnoticed. Celebrities, artists, business leaders, and other enthusiasts are actively using their influence to bring more attention to non-fungible tokens in the gaming sector. Mainstream adoption of NFT-infused gaming may not happen overnight, but there is tremendous variety in today's game-related offerings. Axie Infinity is such an example, a project that continues to take the world by storm. Other notable projects include Decentraland, Sandbox, Guild of Guardians, and many others.
Early NFT adopters like Eric Young acknowledge the barrier to NFTs is not necessarily a technical one. Instead, ownership on a digital ledger is everything one needs to understand, making them different from cryptocurrencies with governance, founders, and overall risk factors. Investing in NFTs appears to be more straightforward, even though there is still the risk of never being able to sell them for a profit. With in-game items, there is usually an audience looking to create new characters, weapons, or collect everything there is to collect in the game.
For both investors and creators, there are several NFT platforms to explore. Marketplaces such as OpenSea, SuperRare, Rarible, and AtomicMarket all note impressive volumes and overall users. Investors and enthusiasts can find a plethora of NFTs, ranging from in-game items to collectibles and artwork. OpenSea has a tremendous 24-hour volume that goes past $75 million per day somewhat regularly.
For gaming enthusiasts, Axie Infinity remains the go-to place. With over 33,000 trades and $33 million in 24-hour volume, the play-to-earn game attracts enthusiasts' attention globally. Although the recently introduced Season 18 patch notes may create some minor dismay regarding SLP earning rates, it also incentivizes players to become more profound at player-vs-player combat.
Collectibles remain a crucial addition to non-fungible tokens. Projects like CryptoPunks were initially considered a "joke," yet these non-fungible tokens now have a price floor of over $100,000. Thus, there are many opportunities left to explore with NFTs, including giving them extra use cases in gaming, decentralized finance, insurance, marketing, and so forth. Exploring these options will require more efficient infrastructure capable of handling high throughputs at low or zero fees.
The gaming industry is set to undergo some significant changes over the coming years. Innovative concepts such as non-fungible tokens and play-to-earn mechanics change the way people approach games and their content. Whether card-based games or in-game characters, the landscape will look very different in a few years.
Whereas most people see non-fungible tokens as digital art, the technology allows for many more use cases. For example, NFTs can provide players with actual ownership of their in-game items and characters in the gaming sector. That ownership will enable players to trade or sell their assets in exchange for real money, creating a different overall economy. Moreover, this approach has tremendous potential to boost player retention, as most games tend to lose their audience after a few months.
The initial concept dates back to CryptoKitties, a blockchain-based collectible game that brought NFTs to a broader audience. The project is successful and is still going strong today, as the breeding-oriented aspect of these digital cats continues to pique people's interest. Ever since the project launched, NFTs and gaming have undergone a tremendous evolution. Today, the correlation between video games and NFTs has become a lot more outspoken through metaverses, MMORPGs, play-to-earn games, etc.
The NFT movement has not gone unnoticed. Celebrities, artists, business leaders, and other enthusiasts are actively using their influence to bring more attention to non-fungible tokens in the gaming sector. Mainstream adoption of NFT-infused gaming may not happen overnight, but there is tremendous variety in today's game-related offerings. Axie Infinity is such an example, a project that continues to take the world by storm. Other notable projects include Decentraland, Sandbox, Guild of Guardians, and many others.
Early NFT adopters like Eric Young acknowledge the barrier to NFTs is not necessarily a technical one. Instead, ownership on a digital ledger is everything one needs to understand, making them different from cryptocurrencies with governance, founders, and overall risk factors. Investing in NFTs appears to be more straightforward, even though there is still the risk of never being able to sell them for a profit. With in-game items, there is usually an audience looking to create new characters, weapons, or collect everything there is to collect in the game.
For both investors and creators, there are several NFT platforms to explore. Marketplaces such as OpenSea, SuperRare, Rarible, and AtomicMarket all note impressive volumes and overall users. Investors and enthusiasts can find a plethora of NFTs, ranging from in-game items to collectibles and artwork. OpenSea has a tremendous 24-hour volume that goes past $75 million per day somewhat regularly.
For gaming enthusiasts, Axie Infinity remains the go-to place. With over 33,000 trades and $33 million in 24-hour volume, the play-to-earn game attracts enthusiasts' attention globally. Although the recently introduced Season 18 patch notes may create some minor dismay regarding SLP earning rates, it also incentivizes players to become more profound at player-vs-player combat.
Collectibles remain a crucial addition to non-fungible tokens. Projects like CryptoPunks were initially considered a "joke," yet these non-fungible tokens now have a price floor of over $100,000. Thus, there are many opportunities left to explore with NFTs, including giving them extra use cases in gaming, decentralized finance, insurance, marketing, and so forth. Exploring these options will require more efficient infrastructure capable of handling high throughputs at low or zero fees.
💥💥$DEPO NOW LIST ON PANCAKE | Audited By CerTik | Super Low Cap | Don’t miss it | 5PM UTC! 🚀🚀
NEAR funding https://finance.yahoo.com/news/near-protocol-financial-grant-greatly-102600361.html
💵DePocket has received grants funding from NEAR as an influential Backer & Investor
💵$DEPO NOW LISTED ON PANCAKE!
Date: 17 PM — 30th Nov
Initial Cap: only $84,000 USDT — Super low cap and potential.
Max supply only 21M -> Expected 30x to $9
👉Contract address (BSC chain): 0x7d99eda556388Ad7743A1B658b9C4FC67D7A9d74
👉Link: https://pancakeswap.finance/swap#/swap?outputCurrency=0x7d99eda556388Ad7743A1B658b9C4FC67D7A9d74
➡️ They own huge communities:
https://news.1rj.ru/str/Depocketchannel
https://link.depocket.com/TwitterDePocket
💯Advisor from DuckDAO founder team. 💪
💯Backers and investors: NEAR protocols, Blockchain APE, ZBS capital, Crypto Differ, BSCdaily, Kaopiz, Oxbull, etc.
DePocket is a revolutionary tool which allows you to spend less time switching between tabs and apps by centralizing all of your needs comprehensively. Their innovative features are an indispensable bridge to all aspects of the DeFi world! Time is money, and you shouldn’t have to waste either.
✅ They have already integrated the BSC chain and are now receiving the NEAR grant!
✅ DePocket aimes to connect all DeFi and GameFi platforms, which will attract SOL and Avax, too!
✅ On December 5th, they will release a feature which will allow you to track your balance on Solana.
⚡️⚡️JOIN NOW! ⚡️⚡️
NEAR funding https://finance.yahoo.com/news/near-protocol-financial-grant-greatly-102600361.html
💵DePocket has received grants funding from NEAR as an influential Backer & Investor
💵$DEPO NOW LISTED ON PANCAKE!
Date: 17 PM — 30th Nov
Initial Cap: only $84,000 USDT — Super low cap and potential.
Max supply only 21M -> Expected 30x to $9
👉Contract address (BSC chain): 0x7d99eda556388Ad7743A1B658b9C4FC67D7A9d74
👉Link: https://pancakeswap.finance/swap#/swap?outputCurrency=0x7d99eda556388Ad7743A1B658b9C4FC67D7A9d74
➡️ They own huge communities:
https://news.1rj.ru/str/Depocketchannel
https://link.depocket.com/TwitterDePocket
💯Advisor from DuckDAO founder team. 💪
💯Backers and investors: NEAR protocols, Blockchain APE, ZBS capital, Crypto Differ, BSCdaily, Kaopiz, Oxbull, etc.
DePocket is a revolutionary tool which allows you to spend less time switching between tabs and apps by centralizing all of your needs comprehensively. Their innovative features are an indispensable bridge to all aspects of the DeFi world! Time is money, and you shouldn’t have to waste either.
✅ They have already integrated the BSC chain and are now receiving the NEAR grant!
✅ DePocket aimes to connect all DeFi and GameFi platforms, which will attract SOL and Avax, too!
✅ On December 5th, they will release a feature which will allow you to track your balance on Solana.
⚡️⚡️JOIN NOW! ⚡️⚡️
Yahoo Finance
NEAR Protocol Financial Grant Greatly Broadens DePocket's Already Vast Integration Network
PANAMA CITY, Panama, Nov. 11, 2021 (GLOBE NEWSWIRE) -- This past week, the DePocket platform announced the acquisition of a substantial NEAR protocol financial grant. This immediately gave the platform the ability to build up and support NEAR ecosystems,…
🔥Introducing GOGOcoin, the NFT/DeFi crossover on a mission to onboard the next big wave of users to DeFi by making DeFi easy!🔥
We are constructing the most user-friendly open source DeFi protocol for asset management and savings, and the first to enable segregated funds on-chain.
✅$GOGO Token Fair Launch on Polygon via CopperLaunch: Dec 7th
✅Doxxed Team with a Decentralized legal structure in Switzerland
✅Advisor board including the biggest names from the ecosystem
✅Game-changing UX/UI Design for the easiest DeFi experience out there
What’s to come?
⌛️ NFT Staking
⌛️ NFT Smart Vaults with non-custodial keyless wallet proxies
⌛️ Managed vault strategies with segregated funds.
⌛️One-click access to DeFi
For airdrops and first-mover advantage join our community and tell your friends👇
https://news.1rj.ru/str/gogo_coin
We are constructing the most user-friendly open source DeFi protocol for asset management and savings, and the first to enable segregated funds on-chain.
✅$GOGO Token Fair Launch on Polygon via CopperLaunch: Dec 7th
✅Doxxed Team with a Decentralized legal structure in Switzerland
✅Advisor board including the biggest names from the ecosystem
✅Game-changing UX/UI Design for the easiest DeFi experience out there
What’s to come?
⌛️ NFT Staking
⌛️ NFT Smart Vaults with non-custodial keyless wallet proxies
⌛️ Managed vault strategies with segregated funds.
⌛️One-click access to DeFi
For airdrops and first-mover advantage join our community and tell your friends👇
https://news.1rj.ru/str/gogo_coin
Crypto Ads Under The Microscope In India
The marketing efforts of leading crypto exchanges in India like CoinDCX, WazirX, CoinSwitch Kuber, Zebpay, have not gone unnoticed. In fact, 1 out of 3 advertisements during the recent T20 World Cup was related to cryptocurrencies. Indian citizens have also expressed their distaste towards the aggressive advertising approach of these crypto firms. In a recent poll by LocalCircle, 76% of 56,000 surveyed stated that they wanted a pause on crypto-related ads on television and other media until a proper regulatory framework exists. Furthermore, a major portion of this 76% believes that these ads do not effectively highlight the risks involved in crypto investments.
Finance Minister Nirmala Sitharaman has addressed concerns of misleading crypto ads in the Rajya Sabha.
She stated,
“About the misleading advertisements and about are we banning them - Advertising Standards Council of India (ASCI), which governs all advertisements, their guidelines are being studied and the regulations that they have are all being looked into so that we can take, if necessary, some kind of position to a decision to say how we are going to handle this."
She also noted that the Centre was aware of the potential risks posed by misleading advertisements and warned marketers to tread carefully, till a regulatory framework has been established.
According to ASCI general secretary, Manisha Kapoor, the council is looking into refreshing the guidelines to ensure that customers fully understand that crypto products are not legal tender and are not misled by exaggerated claims of profit.
Kapoor stated,
“The ASCI guidelines for crypto advertising are under active discussion with the government and other experts and seek to resolve issues that concern consumer interest. As such ASCI’s current guidelines already require ads to be honest and not exploit consumers’ lack of experience or knowledge, and this applies to ads across all categories, including crypto products.”
The ASCI, which is a self-regulatory authority for advertisements, does not pose legally enforceable guidelines. Instead, any guideline violation is considered a violation of the federal government’s guidelines.
With the Parliament considering a bill that might shut down all crypto activities in the country, many exchanges like CoinSwitch Kuber, WazirX, Bitbns have paused advertising for now. However, the estimated Rs 50 crore that was spent by these exchanges on crypto ads during the T20 World Cup and the onboarding of multiple A-list celebrities as brand ambassadors had already amped up government scrutiny on this sector.
The marketing efforts of leading crypto exchanges in India like CoinDCX, WazirX, CoinSwitch Kuber, Zebpay, have not gone unnoticed. In fact, 1 out of 3 advertisements during the recent T20 World Cup was related to cryptocurrencies. Indian citizens have also expressed their distaste towards the aggressive advertising approach of these crypto firms. In a recent poll by LocalCircle, 76% of 56,000 surveyed stated that they wanted a pause on crypto-related ads on television and other media until a proper regulatory framework exists. Furthermore, a major portion of this 76% believes that these ads do not effectively highlight the risks involved in crypto investments.
Finance Minister Nirmala Sitharaman has addressed concerns of misleading crypto ads in the Rajya Sabha.
She stated,
“About the misleading advertisements and about are we banning them - Advertising Standards Council of India (ASCI), which governs all advertisements, their guidelines are being studied and the regulations that they have are all being looked into so that we can take, if necessary, some kind of position to a decision to say how we are going to handle this."
She also noted that the Centre was aware of the potential risks posed by misleading advertisements and warned marketers to tread carefully, till a regulatory framework has been established.
According to ASCI general secretary, Manisha Kapoor, the council is looking into refreshing the guidelines to ensure that customers fully understand that crypto products are not legal tender and are not misled by exaggerated claims of profit.
Kapoor stated,
“The ASCI guidelines for crypto advertising are under active discussion with the government and other experts and seek to resolve issues that concern consumer interest. As such ASCI’s current guidelines already require ads to be honest and not exploit consumers’ lack of experience or knowledge, and this applies to ads across all categories, including crypto products.”
The ASCI, which is a self-regulatory authority for advertisements, does not pose legally enforceable guidelines. Instead, any guideline violation is considered a violation of the federal government’s guidelines.
With the Parliament considering a bill that might shut down all crypto activities in the country, many exchanges like CoinSwitch Kuber, WazirX, Bitbns have paused advertising for now. However, the estimated Rs 50 crore that was spent by these exchanges on crypto ads during the T20 World Cup and the onboarding of multiple A-list celebrities as brand ambassadors had already amped up government scrutiny on this sector.
Here’s why experts think Shiba Social Club will be the Shiba of the NFT:
🚀 The artist is renowned and work for famous brand
🎬 Expert think that the project could reach 3 ETH in 48 hours
🤯 They have the best utility for their holder
Don’t miss the Shiba of the NFT
Check out their Discord ➡️ https://discord.gg/shibasocialclub
Twitter ➡️ https://twitter.com/Shibaclubnft
Instagram ➡️ https://www.instagram.com/shibasocialclub_nft/
Shiba Social Club is definitely the best project of 2021.
🚀 The artist is renowned and work for famous brand
🎬 Expert think that the project could reach 3 ETH in 48 hours
🤯 They have the best utility for their holder
Don’t miss the Shiba of the NFT
Check out their Discord ➡️ https://discord.gg/shibasocialclub
Twitter ➡️ https://twitter.com/Shibaclubnft
Instagram ➡️ https://www.instagram.com/shibasocialclub_nft/
Shiba Social Club is definitely the best project of 2021.
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The next big thing in gaming. Get ready for the $RAIN. Don’t miss out on the next 1000x GEM!
🚀 Major celebrity backing
💎 CMC & CG listing on launch
👀 Backed by tier 1 venture investors
Be sure to follow their Telegram for all updates:
🔜 https://news.1rj.ru/str/rainmakergames
🚀 Major celebrity backing
💎 CMC & CG listing on launch
👀 Backed by tier 1 venture investors
Be sure to follow their Telegram for all updates:
🔜 https://news.1rj.ru/str/rainmakergames
Crypto Weekly Roundup: SEC Rejects Another ETF, Microstrategy Buys More BTC, Square Renamed, And More
Last week witnessed another Bitcoin spot ETF getting rejected by the SEC, making it clear that the financial watchdog is not too favorable towards spot ETFs, citing a lack of preventative measures against fraudulent and illicit activities.
On the other hand, NFTs continue to gain steam, while Jack Dorsey leaves his role at Twitter to focus full-time on Square inc, which underwent a quick renaming. Keep reading to find out more.
Bitcoin
WisdomTree Investments’ proposal for listing a Bitcoin exchange-traded fund (ETF) was rejected by the US Securities and Exchange Commission (SEC).
Business intelligence and analytics software firm MicroStrategy recently announced that it had purchased a new batch of Bitcoin, the alpha crypto.
Ethereum
Tornado Cash is launching on Arbitrum to allow users to make private transactions on the Layer 2 network.
Vitalik Buterin has filed a proposal for EIP-4488 to try and reduce gas fees incurred on Layer 2 scaling solutions.
DeFi
DeFi platform MonoX has reported the loss of $31 million following a DeFi hack where hackers stole wrapped Ether (WETH), Polygon (MATIC), and other cryptocurrencies.
Technology
Hackers targeted the Badger DAO yield vault protocol and stole around $10 million worth of crypto.
Miami will be deploying city-wide air quality monitoring sensors and record aggregated sensor data on the Algorand Blockchain.
IDEX has launched its v3 Hybrid Liquidity on Polygon, a Layer 2 scaling solution.
South Korea’s leading Shinhan Bank has announced that it has completed developing a stablecoin proof-of-concept.
Business
Meta, previously Facebook, has announced its decision to allow adverts on cryptocurrency on their platform, reverting their earlier ban of crypto adverts back in 2018.
Square Inc announces company renaming following founder Jack Dorsey’s departure from Twitter.
Regulation
Billionaire investor Charlie Munger has once again spoken out against the current crypto-based markets, comparing it with the unpredictability of the dot-com bubble burst of the 90s.
With crypto ads being under the microscope in India, the ASCI is in discussions with the government over ad guidelines to ensure customer safety.
NFT
Sportswear brand Adidas has made its entry into the metaverse, breaking the news to fans by showcasing a teaser of the collaboration involving the Bored Ape Yacht Club.
AMC Theatres has announced limited edition NFTs for advance bookings of “Spider-Man: No Way Home.”
Last week witnessed another Bitcoin spot ETF getting rejected by the SEC, making it clear that the financial watchdog is not too favorable towards spot ETFs, citing a lack of preventative measures against fraudulent and illicit activities.
On the other hand, NFTs continue to gain steam, while Jack Dorsey leaves his role at Twitter to focus full-time on Square inc, which underwent a quick renaming. Keep reading to find out more.
Bitcoin
WisdomTree Investments’ proposal for listing a Bitcoin exchange-traded fund (ETF) was rejected by the US Securities and Exchange Commission (SEC).
Business intelligence and analytics software firm MicroStrategy recently announced that it had purchased a new batch of Bitcoin, the alpha crypto.
Ethereum
Tornado Cash is launching on Arbitrum to allow users to make private transactions on the Layer 2 network.
Vitalik Buterin has filed a proposal for EIP-4488 to try and reduce gas fees incurred on Layer 2 scaling solutions.
DeFi
DeFi platform MonoX has reported the loss of $31 million following a DeFi hack where hackers stole wrapped Ether (WETH), Polygon (MATIC), and other cryptocurrencies.
Technology
Hackers targeted the Badger DAO yield vault protocol and stole around $10 million worth of crypto.
Miami will be deploying city-wide air quality monitoring sensors and record aggregated sensor data on the Algorand Blockchain.
IDEX has launched its v3 Hybrid Liquidity on Polygon, a Layer 2 scaling solution.
South Korea’s leading Shinhan Bank has announced that it has completed developing a stablecoin proof-of-concept.
Business
Meta, previously Facebook, has announced its decision to allow adverts on cryptocurrency on their platform, reverting their earlier ban of crypto adverts back in 2018.
Square Inc announces company renaming following founder Jack Dorsey’s departure from Twitter.
Regulation
Billionaire investor Charlie Munger has once again spoken out against the current crypto-based markets, comparing it with the unpredictability of the dot-com bubble burst of the 90s.
With crypto ads being under the microscope in India, the ASCI is in discussions with the government over ad guidelines to ensure customer safety.
NFT
Sportswear brand Adidas has made its entry into the metaverse, breaking the news to fans by showcasing a teaser of the collaboration involving the Bored Ape Yacht Club.
AMC Theatres has announced limited edition NFTs for advance bookings of “Spider-Man: No Way Home.”
Do not miss out on the most promising real-world utility driven NFT of the year!!!
🦈Ghetto SharkHood is a limited collection of 10,000 Ghetto Shark NFTs swimming in the Ethereum blockchain.
✨$300,000 giveaway for all Ghetto Shark NFT holders
✨First-ever NFT to partner with data center to offer crypto mining utility games ✨Lifetime membership to YouLiiv Hospitality Group where you can unlock free nights & corporate rates!!! (Hilton, DoubleTree, ParkRoyal, Fraser, Capri, Ascott, Citadines)
✨Animation Show production with award-winning animation studio Wang Film Productions (Since 1978; Partnerships: Disney, Universal, Warner Bros, Nickelodeon, & Cartoon Network) ✨15 Years of game development experience (Staking & play2earn Sharkverse games)
✨Doxxed Team
🦈MINT DATE: Dec. 12, 9 PM EASTERN TIME 🦈MINT PRICE: 0.09 ETH 3D Ghetto Shark NFTs dropped to holders for Sharkverse games! Head to their discord for a sneak peek! https://discord.gg/ghettosharkhood
🦈Ghetto SharkHood is a limited collection of 10,000 Ghetto Shark NFTs swimming in the Ethereum blockchain.
✨$300,000 giveaway for all Ghetto Shark NFT holders
✨First-ever NFT to partner with data center to offer crypto mining utility games ✨Lifetime membership to YouLiiv Hospitality Group where you can unlock free nights & corporate rates!!! (Hilton, DoubleTree, ParkRoyal, Fraser, Capri, Ascott, Citadines)
✨Animation Show production with award-winning animation studio Wang Film Productions (Since 1978; Partnerships: Disney, Universal, Warner Bros, Nickelodeon, & Cartoon Network) ✨15 Years of game development experience (Staking & play2earn Sharkverse games)
✨Doxxed Team
🦈MINT DATE: Dec. 12, 9 PM EASTERN TIME 🦈MINT PRICE: 0.09 ETH 3D Ghetto Shark NFTs dropped to holders for Sharkverse games! Head to their discord for a sneak peek! https://discord.gg/ghettosharkhood
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🔥$GOGO Fair launch on Copperlaunch (Polygon) is LIVE and running!🔥
Participate NOW 👉 Here!
Why you should NOT MISS this opportunity?
GOGOcoin is constructing the most user-friendly open source DeFi protocol for asset management and savings, and the first to enable segregated funds on-chain.
💎Doxxed Team with a Decentralized legal structure in Switzerland
💎Advisor board including the biggest names from the ecosystem
💎Game-changing UX/UI Design for the easiest DeFi experience out there
What’s to come?
✅NFT Staking
✅NFT Smart Vaults with non-custodial keyless wallet proxies
✅Managed vault strategies with segregated funds.
✅One-click access to DeFi
For airdrops and first-mover advantage join our community and tell your friends about 👉 https://t.co/0DNV0Df19T
❗️Don’t miss out! Fair Launch ends soon❗️
Participate NOW 👉 Here!
Why you should NOT MISS this opportunity?
GOGOcoin is constructing the most user-friendly open source DeFi protocol for asset management and savings, and the first to enable segregated funds on-chain.
💎Doxxed Team with a Decentralized legal structure in Switzerland
💎Advisor board including the biggest names from the ecosystem
💎Game-changing UX/UI Design for the easiest DeFi experience out there
What’s to come?
✅NFT Staking
✅NFT Smart Vaults with non-custodial keyless wallet proxies
✅Managed vault strategies with segregated funds.
✅One-click access to DeFi
For airdrops and first-mover advantage join our community and tell your friends about 👉 https://t.co/0DNV0Df19T
❗️Don’t miss out! Fair Launch ends soon❗️
JADE PROTOCOL ($JADE)
An enhanced Ohm Fork. Or THE super Ohm.
You choose.
6 reasons why only a fool would miss out on $JADE :
📈 1,000,000,000% APY (25% ROI every 5 days)
☂️ Immune to getting killed by whales
💪 Outperforming other OHM forks in most areas
🌳 Survivor currency: Jade has been surviving every flash crash, and been growing when other cryptos have been falling
🤝 Openly supported by Ava Labs CEO & Founder and Su Zhu
☑️ KYC approved by Rugdoc
The team
👥 Lead developers from Google and Amazon
🧠 Super genius Harvard professor
🎓 Y-Combinator alumni & more experts.
Huge hype and demand !
Hurry up and buy Jade at a low price, stake it & chill before it’s too late.
👉 jadeprotocol.io
An enhanced Ohm Fork. Or THE super Ohm.
You choose.
6 reasons why only a fool would miss out on $JADE :
📈 1,000,000,000% APY (25% ROI every 5 days)
☂️ Immune to getting killed by whales
💪 Outperforming other OHM forks in most areas
🌳 Survivor currency: Jade has been surviving every flash crash, and been growing when other cryptos have been falling
🤝 Openly supported by Ava Labs CEO & Founder and Su Zhu
☑️ KYC approved by Rugdoc
The team
👥 Lead developers from Google and Amazon
🧠 Super genius Harvard professor
🎓 Y-Combinator alumni & more experts.
Huge hype and demand !
Hurry up and buy Jade at a low price, stake it & chill before it’s too late.
👉 jadeprotocol.io
Polygon Is Cementing Its Position As The New Umbrella Destination For NFTs
Polygon, the layer-2 protocol for Ethereum, has been shaking up the blockchain ecosystem as its novel design attracts all manner of dApps seeking to leverage its advantageous attributes. The platform recently launched Polygon Studios, a new branch that focuses on blockchain gaming and NFTs, as part of its ongoing efforts to bridge the Web2 and Web3 worlds while actively supporting and facilitating the development of NFTs on its network.
At present, Polygon holds a dominant position within the gaming and NFT ecosystems, with more than 100,000 blockchain gamers on its network, trailing just behind the market leader Ethereum. This year, the Polygon network grew extensively after introducing low gas fees that contrasted sharply with Ethereum’s surging costs. Besides, Polygon also guarantees faster TPS (transactions per second), full scalability, and interoperability with other chains, making it a preferred choice for developers and cost-conscious users.
As part of its initiative to tap into the burgeoning NFT ecosystem, Polygon had recently invested in Colexion, Asia’s biggest NFTs marketplace. To further its dominance, Polygon has now announced that it will finance 50% of all ongoing product development costs of GameOn Entertainment to help build new NFT games atop its layer-2 scaling platform.
GameOn is one of the leading game tech startups and is spearheading the efforts to bring NFTs and collectibles into the Asian market. Per the official press release by Polygon, the platform aims to invest $100 million in NFT and gamification projects that will help expand its network, and GameOn Entertainment is one of the first recipients of this funding. With Polygon’s backing, GameOn will be able to offer end-to-end crypto services, including minting and trading of NFTs, to its existing suite of white label gaming services that it provides to media, sports, and entertainment companies.
With the idea of metaverse gaining traction both inside and outside of the cryptoverse, this strategic investment will create exciting opportunities for both Polygon and GameOn Entertainment in the multi-billion-dollar NFT and blockchain gaming industries.
By offering the much-needed solutions to Ethereum’s growing problems, Polygon has already solidified itself as the go-to layer-2 scaling solution. In recent months, thousands of NFT and blockchain gaming projects have started leveraging Polygon’s speed, scalability, and cost-efficiency to build solutions aimed to accelerate mainstream adoption of NFTs.
Take, for instance, the world’s first true fractional NFT real estate platform, Futurent, which recently launched on the Polygon network. While the platform will eventually support multiple blockchains, Futurent will harness Polygon’s feature to attract existing Ethereum users seeking alternative solutions.
The most attractive feature of this platform is that it allows anyone to purchase or sell fractional NFT properties, meaning that several users can share a single property. The company also aims to make it possible for users to buy luxury cars and boats using cryptocurrency. With the Futurent DeFi protocol, users' privacy and security will be guaranteed, as will their ownership rights over NFT-connected real-world assets.
Another project that will use Polygon is Autonomous Worlds, the company behind Xaya, one of the oldest blockchain gaming platforms. Autonomous Worlds has signed a strategic partnership with Polygon to bring its extensive experience in decentralized gaming to the Polygon network.
As part of this partnership, Autonomous Worlds will integrate Xaya into Polygon’s EVM-compatible sidechain to develop NFT games in-house for the Polygon ecosystem. The Xaya team has already delivered several successful projects, including the first-ever blockchain game Huntercoin (2014), Taurion, and Soccer Manager Elite to name a few.
Polygon, the layer-2 protocol for Ethereum, has been shaking up the blockchain ecosystem as its novel design attracts all manner of dApps seeking to leverage its advantageous attributes. The platform recently launched Polygon Studios, a new branch that focuses on blockchain gaming and NFTs, as part of its ongoing efforts to bridge the Web2 and Web3 worlds while actively supporting and facilitating the development of NFTs on its network.
At present, Polygon holds a dominant position within the gaming and NFT ecosystems, with more than 100,000 blockchain gamers on its network, trailing just behind the market leader Ethereum. This year, the Polygon network grew extensively after introducing low gas fees that contrasted sharply with Ethereum’s surging costs. Besides, Polygon also guarantees faster TPS (transactions per second), full scalability, and interoperability with other chains, making it a preferred choice for developers and cost-conscious users.
As part of its initiative to tap into the burgeoning NFT ecosystem, Polygon had recently invested in Colexion, Asia’s biggest NFTs marketplace. To further its dominance, Polygon has now announced that it will finance 50% of all ongoing product development costs of GameOn Entertainment to help build new NFT games atop its layer-2 scaling platform.
GameOn is one of the leading game tech startups and is spearheading the efforts to bring NFTs and collectibles into the Asian market. Per the official press release by Polygon, the platform aims to invest $100 million in NFT and gamification projects that will help expand its network, and GameOn Entertainment is one of the first recipients of this funding. With Polygon’s backing, GameOn will be able to offer end-to-end crypto services, including minting and trading of NFTs, to its existing suite of white label gaming services that it provides to media, sports, and entertainment companies.
With the idea of metaverse gaining traction both inside and outside of the cryptoverse, this strategic investment will create exciting opportunities for both Polygon and GameOn Entertainment in the multi-billion-dollar NFT and blockchain gaming industries.
By offering the much-needed solutions to Ethereum’s growing problems, Polygon has already solidified itself as the go-to layer-2 scaling solution. In recent months, thousands of NFT and blockchain gaming projects have started leveraging Polygon’s speed, scalability, and cost-efficiency to build solutions aimed to accelerate mainstream adoption of NFTs.
Take, for instance, the world’s first true fractional NFT real estate platform, Futurent, which recently launched on the Polygon network. While the platform will eventually support multiple blockchains, Futurent will harness Polygon’s feature to attract existing Ethereum users seeking alternative solutions.
The most attractive feature of this platform is that it allows anyone to purchase or sell fractional NFT properties, meaning that several users can share a single property. The company also aims to make it possible for users to buy luxury cars and boats using cryptocurrency. With the Futurent DeFi protocol, users' privacy and security will be guaranteed, as will their ownership rights over NFT-connected real-world assets.
Another project that will use Polygon is Autonomous Worlds, the company behind Xaya, one of the oldest blockchain gaming platforms. Autonomous Worlds has signed a strategic partnership with Polygon to bring its extensive experience in decentralized gaming to the Polygon network.
As part of this partnership, Autonomous Worlds will integrate Xaya into Polygon’s EVM-compatible sidechain to develop NFT games in-house for the Polygon ecosystem. The Xaya team has already delivered several successful projects, including the first-ever blockchain game Huntercoin (2014), Taurion, and Soccer Manager Elite to name a few.
Junior Punks is giving away 10 Oculus Quests and two “Rare NFTs” on their Instagram right now! 🎉
This will be the easiest contest you’ve ever entered. All you have to do is dm them on Instagram @thejuniorpunks with the message “#Juniorpunks”! From their you’ll get locked in and you’ll be entered to win! 🍼🤞
Junior Punks is a collection of 5,555 randomly generated art pieces on the Ethereum blockchain. Holders get access to private AMAs with celebrities, influencers, athletes, and many more public figures! Just dm them “#Juniorpunks” on Instagram @thejuniorpunks and you’ll be entered to win instantly! 🚀
Use the link to go directly to @thejuniorpunks Instagram! 💸
https://www.instagram.com/p/CXNswMKLpzX/
You can also join the Discord here:
https://discord.gg/U7rJb6C5Xn
This will be the easiest contest you’ve ever entered. All you have to do is dm them on Instagram @thejuniorpunks with the message “#Juniorpunks”! From their you’ll get locked in and you’ll be entered to win! 🍼🤞
Junior Punks is a collection of 5,555 randomly generated art pieces on the Ethereum blockchain. Holders get access to private AMAs with celebrities, influencers, athletes, and many more public figures! Just dm them “#Juniorpunks” on Instagram @thejuniorpunks and you’ll be entered to win instantly! 🚀
Use the link to go directly to @thejuniorpunks Instagram! 💸
https://www.instagram.com/p/CXNswMKLpzX/
You can also join the Discord here:
https://discord.gg/U7rJb6C5Xn
MetaGods is the first NFT Collection to introduce a unique way to rise the floor price 🚀
Indeed their legendary gods and the war between the factions will give huge benefits to its owners. But you won't be able to mint the legendaries and this will strongly help to increase the floor price of the whole collection.
But what is MetaGods❓
🔥 God-like designs inspired by Greek Mythology
💎 Huge utilities and rewards for their holders
🤯 3 factions, 3 valuable designs
Don’t miss your next great investment.
Check out their Discord ➡️ https://discord.gg/ERuzdzPubJ
Instagram ➡️ https://www.instagram.com/meta.gods/
Twitter ➡️ https://twitter.com/meta_gods
Launch is schedule next week so don’t miss your spot, they still give few whitelists!
Indeed their legendary gods and the war between the factions will give huge benefits to its owners. But you won't be able to mint the legendaries and this will strongly help to increase the floor price of the whole collection.
But what is MetaGods❓
🔥 God-like designs inspired by Greek Mythology
💎 Huge utilities and rewards for their holders
🤯 3 factions, 3 valuable designs
Don’t miss your next great investment.
Check out their Discord ➡️ https://discord.gg/ERuzdzPubJ
Instagram ➡️ https://www.instagram.com/meta.gods/
Twitter ➡️ https://twitter.com/meta_gods
Launch is schedule next week so don’t miss your spot, they still give few whitelists!
🌐 Cyb0rg 4.444 🌐
Cyb0rg NFT is the next big 2x NFT project. Their roadmap includes a $CYBR cryptocurrency which all holders will receive 10 a day of just to hold a Cyb0rg NFT. The token comes with utility too, it can be used in the CYBR exchange platform where holders can buy and sell parts to modify and upgrade their NFTs. Legendary Cyb0rgs are also embedded in each drop and owners of them will receive large monthly payments in ETH.
https://discord.gg/cyborg
Cyb0rg NFT is the next big 2x NFT project. Their roadmap includes a $CYBR cryptocurrency which all holders will receive 10 a day of just to hold a Cyb0rg NFT. The token comes with utility too, it can be used in the CYBR exchange platform where holders can buy and sell parts to modify and upgrade their NFTs. Legendary Cyb0rgs are also embedded in each drop and owners of them will receive large monthly payments in ETH.
https://discord.gg/cyborg
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🔥 DEFIHORSE’S CHAOS CAUSES PHENOMENON WITH HIS TOP-NOTCH DESIGNS. 🔥
Chaos comes out of the cage with a beam of lightning bolts surrounding him. His fierceful gaze scared the rival away, his strong and firm will tear up the track field.
Chaos is a rare breed, the ancestor of the DeFiHorse’s horses. That’s why he’s the strongest, he can easily predict his rival moves as he’s the one before all.
Recently, DeFiHorse project successfully raised 5 million USD in Private Sales with extremely prestigious Backers, Founder and Advisor.🔥
With Chaos on your team, you won’t have to worry about being at the top!
🦄DeFiHorse - Official Telegram | Website
Chaos comes out of the cage with a beam of lightning bolts surrounding him. His fierceful gaze scared the rival away, his strong and firm will tear up the track field.
Chaos is a rare breed, the ancestor of the DeFiHorse’s horses. That’s why he’s the strongest, he can easily predict his rival moves as he’s the one before all.
Recently, DeFiHorse project successfully raised 5 million USD in Private Sales with extremely prestigious Backers, Founder and Advisor.🔥
With Chaos on your team, you won’t have to worry about being at the top!
🦄DeFiHorse - Official Telegram | Website
Brazil House Of Representatives Approves Bill To Regulate Cryptocurrencies
On Wednesday, Brazil's House of Representatives approved a bill to regulate cryptocurrencies such as Bitcoin. The bill had already been under debate for some time and was authored by Aureo Ribeiro, the Federal Deputy.
The bill was passed after deputies approved the request to go to the plenary urgently. The bill states that companies operating in the crypto sector in Brazil will now have to send additional information to authorities.
A Rushed Bill?
Deputies had filed a request for the bill to be urgently voted on in the plenary, a move seen as an attempt to rush the bill. The bill was voted on and approved on Wednesday, putting BTC regulation on the agenda. On the other hand, the PSDB and the NOVO Party asked for the bill to be removed from the agenda, with Federal Deputy Paulo Ganine (NOVO-RJ) taking the floor to roundly criticize the hastily resented bill while also filing a request to remove the vote from the agenda.
A Promising Space
Deputy Ganine stated that the crypto space in Brazil is very promising and that the country's citizens must be encouraged to participate in the market. The PSDB supported the NOVO party, who pointed out that the regulation needed to be discussed.
Creating A Legal And Economic Framework
The bill's author, Aureo Ribeiro, stated that there is nothing new in the bill. He also said that he believed the bill creates a legal and economic framework that could attract foreign investment into Brazil.
He also cited the case of Cabo Frio to highlight the importance of regulating cryptocurrencies such as Bitcoin. He further stated in his speech,
"We need to take care of this market and investors. We are voting for a regulation libertarian law. Who wants to create a financial pyramid will be punished."
The Road Ahead
The bill was not withdrawn, with 308 votes against withdrawal and only 40 voting in favor. Deputy Expedito Netto (PSD-RO) extended his thanks to those members who kept the bill on the agenda, stating that the bill's approval was a critical moment. He also said that he was a firm believer in cryptocurrencies and bringing investments into the sector, emphasizing that rules and a framework would only strengthen the space.
He also stated that he believes the central bank would regulate the crypto market, with the executive handling the bill's enforcement.
"We have to give security to those who believe in virtual currencies but put an end to pickpocketing, crimes such as money laundering, among others. Our country is not banana, it is serious, and we are legislating the matter."
The bill will now be sent to the Federal Senate, where it will be discussed, and if approved, sent to the president for presidential sanction.
Brazil Pivots Towards Cryptocurrencies
Brazil has seen significant developments in the crypto space. The country is exploring the possibility of enabling Brazilian workers to be paid in cryptocurrencies, should they choose to be paid in that way. A bill with the very proposal has been submitted to the board of directors of the Chamber of Deputies.
Visa has also announced plans to introduce a host of crypto-related services to banking platforms in the country. The announcement was made by Eduardo Abreu, Visa's Vice-President of new business in Brazil.
On Wednesday, Brazil's House of Representatives approved a bill to regulate cryptocurrencies such as Bitcoin. The bill had already been under debate for some time and was authored by Aureo Ribeiro, the Federal Deputy.
The bill was passed after deputies approved the request to go to the plenary urgently. The bill states that companies operating in the crypto sector in Brazil will now have to send additional information to authorities.
A Rushed Bill?
Deputies had filed a request for the bill to be urgently voted on in the plenary, a move seen as an attempt to rush the bill. The bill was voted on and approved on Wednesday, putting BTC regulation on the agenda. On the other hand, the PSDB and the NOVO Party asked for the bill to be removed from the agenda, with Federal Deputy Paulo Ganine (NOVO-RJ) taking the floor to roundly criticize the hastily resented bill while also filing a request to remove the vote from the agenda.
A Promising Space
Deputy Ganine stated that the crypto space in Brazil is very promising and that the country's citizens must be encouraged to participate in the market. The PSDB supported the NOVO party, who pointed out that the regulation needed to be discussed.
Creating A Legal And Economic Framework
The bill's author, Aureo Ribeiro, stated that there is nothing new in the bill. He also said that he believed the bill creates a legal and economic framework that could attract foreign investment into Brazil.
He also cited the case of Cabo Frio to highlight the importance of regulating cryptocurrencies such as Bitcoin. He further stated in his speech,
"We need to take care of this market and investors. We are voting for a regulation libertarian law. Who wants to create a financial pyramid will be punished."
The Road Ahead
The bill was not withdrawn, with 308 votes against withdrawal and only 40 voting in favor. Deputy Expedito Netto (PSD-RO) extended his thanks to those members who kept the bill on the agenda, stating that the bill's approval was a critical moment. He also said that he was a firm believer in cryptocurrencies and bringing investments into the sector, emphasizing that rules and a framework would only strengthen the space.
He also stated that he believes the central bank would regulate the crypto market, with the executive handling the bill's enforcement.
"We have to give security to those who believe in virtual currencies but put an end to pickpocketing, crimes such as money laundering, among others. Our country is not banana, it is serious, and we are legislating the matter."
The bill will now be sent to the Federal Senate, where it will be discussed, and if approved, sent to the president for presidential sanction.
Brazil Pivots Towards Cryptocurrencies
Brazil has seen significant developments in the crypto space. The country is exploring the possibility of enabling Brazilian workers to be paid in cryptocurrencies, should they choose to be paid in that way. A bill with the very proposal has been submitted to the board of directors of the Chamber of Deputies.
Visa has also announced plans to introduce a host of crypto-related services to banking platforms in the country. The announcement was made by Eduardo Abreu, Visa's Vice-President of new business in Brazil.