The National Blockchain Policy was approved by the Federal Executive Council of Nigeria to leverage the opportunities offered by this innovative technology in the country. This and more news in this handy daily digest so that you are always informed with the latest developments occurring within the crypto world.
Nigeria adopts blockchain technology
📍The Nigerian government has approved a new policy authorizing the use of blockchain technology. Nigeria has given the green light to the national blockchain policy, introduced by the country’s Federal Ministry of Communications and Digital Economy, as part of a strategy to identify and harness the opportunities offered by this innovation.
Tolu Ogunlesi, Special Assistant to the Nigerian President on Digital Industry, said on Twitter that the new policy promoting the use of blockchain has been approved by the Federal Executive Council and that in the coming months relevant agencies will come up with appropriate regulatory frameworks, enabling the adoption of the technology to improve processes, ensure security and create new development opportunities.
In addition to the new policy, Nigeria has also created a Blockchain Steering Committee that will oversee its implementation.
US proposes new tax on crypto miners
📍The United States proposes a 30% tax on cryptocurrency mining. An proposal The bill presented by the White House points out the need to levy a tax on cryptocurrency miners in order to cover the economic and environmental costs of their activity.
According to the proposal, the current US administration should establish a special tax of 30% of the cost of energy used by companies engaged in cryptocurrency mining.
Regarding the proposed tax, environmental activist and presidential candidate Robert F. Kennedy Jr. said that imposing this tax would be “a bad idea” that could affect cryptoasset innovation, led by Bitcoin.
The Republic of Mauritius will test its digital currency this year
📍The Central Bank of the Republic of Mauritius will test its CBDC digital currency in November this year. According to a statement released by the bank, the CBDC will be available later this year as part of a pilot program, in which the bank will test the digital currency's capabilities for cross-border transactions and to boost financial inclusion.
Harvesh Seegolam, the central bank’s governor, highlighted the progress the bank has made in developing the CBDC. However, according to Seegolam, the exploration of CBDC capabilities is being done in a cautious and prudent manner in order to manage potential risks.
Pepsi arrives in the Metaverse
📍Pepsi launches its first dance masterclass in the Metaverse. The company wants to provide its consumers with a new immersive music and dance experience to celebrate International Dance Day.
Together with creative director and choreographer Beau “Casper” Smart, Pepsi will bring fans together in the metaverse for a first-ever dance masterclass with “Move It With Pepsi.”
Colombia's Financial Superintendency tests blockchain for remittances
📍Colombia's financial superintendent, Jorge Castaño, said the country will begin testing blockchain technology to optimize the remittance market. The bank wants to streamline the process of sending and receiving money transfers from abroad, Castaño said, by using the potential of blockchain.
The Superintendency will launch a pilot program that will allow it to implement technology in the remittance market to make it safer and more efficient.
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