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All the emerging market blockchain & crypto news you need in less than 5 minutes
In This Issue
•EDUCATION: Jay-Z and Jack Dorsey-backed Bitcoin non-profit funding new developers in Africa
•CDBC: Central African regional bank to implement the first regional CDBC
•METAVERSE: South Korean healthcare metaverse to use SOLVE token as payment
•USE CASE: Major Japanese chemicals manufacturer launching blockchain recycling pilot
Latin America & Caribbean
•ACQUISITION: Spain’s largest exchange Bit2Me acquires Peruvian crypto exchange, expansion set to continue
•REGULATION: Paraguay’s regulatory framework awaiting president’s signature
•TOKENIZATION: First palladium-backed cryptoasset launched in Russia
•UKRAINE WAR: NFT sales will fund the restoration of Ukraine’s cultural institutions
₿trust, the Jay-Z and Jack Dorsey-backed non-profit focused on fostering developer talent, is launching the ₿trust Africa Open Source Cohort to develop and educate new developers in Africa. The project will pay individuals to learn how to build on the Bitcoin ecosystem and the first fellow selected is Vladimir Fomene. ₿trust’s long-term vision is to continue expanding similar programs through the global south.
CDBC: Central African regional bank to implement the first regional CDBC (1 minute read)
The Bank of Central African States, the central bank for Cameroon, Gabon, Chad, the Republic of Congo, Equatorial Guinea, and the Central African Republic (CAR), is planning to introduce a regional CBDC in response to the CAR’s adoption of bitcoin as legal tender. The bank’s board is urging its member states to adopt a common digital currency to modernize its payment structures and promote financial inclusion.
Want more Africa news?
•IMF wants M-Pesa shielded in CBK digital shilling plan
•Mulk International To Construct $500 million Cyber City In Zimbabwe
•Mercy Corps is Piloting a Buy Now Pay Later Product for Street Food Vendors in Kenya by Leveraging DeFi
•Central African Republic (CAR) Launches Sango Coin Platform – Holders to Deposit Crypto Assets
•South African Crypto Investors and Service Providers Told of Legal and Tax Implications of Central Bank’s Plan
South Korea’s Metaverse Doctors Alliance, a trade group to promote the use of the metaverse for healthcare, is working with Solve.Care, a healthcare relationship management platform company, in its upcoming metaverse clinic. Under the agreement, the clinic will use Solve.Care’s wallet and token, SOLVE, as currency. The MDA is planning to launch the metaverse clinic in early 2023.
USE CASE: Major Japanese chemicals manufacturer launching blockchain recycling pilot (2 minute read)
Japan’s DIC Corporation has announced that they are launching a pilot with GreenToken by SAP involving recycled plastic inputs. GreenToken uses the Quorum blockchain by Consensys to trace raw materials for recycling purposes. DIC will use GreenToken to track products through the entire supply chain and recycling process.
Want more Asia news?
•Vietnam’s Blockchain Industry Faces Shortage of Talent
•The regulatory implications of India’s crypto transactions tax
•Japan struggles with self-regulation during crypto meltdown
•Daimler inks Singapore blockchain partnership to identify data use cases
•Indonesia finalizing wholesale CBDC design, joining other ASEAN states
•Crypto crash spreads in Asia as Zipmex suspends baht withdrawals
Latin America & The Caribbean
Bit2Me, the largest crypto exchange in Spain, acquired an 85% stake in Peruvian exchange Fluyez. The amount is estimated at being greater than $1mm USD. However, an exact amount was not disclosed. Bit2Me is aggressively expanding in Latin America via acquisition and looking for targets between $1-20mm.
REGULATION: Paraguay’s regulatory framework awaiting president’s signature (1 minute read)
Paraguay is the latest Latin American country with a crypto regulatory framework, which is pending approval by the country’s president. The framework will set up a tax regime, require individual and corporate miners to obtain a license to operate and an approval for industrial energy consumption. A registry of service providers of third party crypto trading and custody services will also be established.
More Latin America & Caribbean News:
•Brazilian blockchain startup closes partnership and aims to raise millions in investment round
•15,000 kilos of recycled plastic in Brazil are transformed into NFTs that give access to a hotel in Paris
•International Bitcoin exchanges bet on the approval of the ‘Cryptocurrency Law’ to enter Brazil
•Brazil ranks second in global DeFi users and third in blockchain games, MetaMask data reveals
The Russian unit of Swiss-based commodities tokenization firm, Atomyze, launched the first palladium-backed cryptoasset in Russia with palladium provided by Russian miner Nornickel. Holders of the tokens will have a monetary claim equivalent to the market value of the metal. Atomyze uses the Hyperledger Fabric enterprise blockchain.
UKRAINE WAR: NFT sales will fund the restoration of Ukraine’s cultural institutions (3 minute read)
Rounding off this week’s newspaper, the Ukrainian government has raised roughly $1.3mm (803.28 ETH) in NFT sales to fund the restoration costs of damaged Ukrainian cultural sites because of Russia’s invasion and war. Funds were raised via the government-sponsored Meta History Museum of War, a NFT museum to preserve major events in Russia’s war with Ukraine.
Want more Eastern Europe news?
•Over Half of This Year’s Financial Pyramids in Russia Involved Crypto, Bank of Russia Finds
•Turkish crypto exchange joins COPA to fight against ‘patent trolls’
•Masked Men Rob Large Crypto Mining Farm Near Moscow
Thanks for reading and have a great week ahead!
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