In a keynote speech at the Brookings Institution this week, US CFTC Chairman Rostin Benham said that one in five American adults has invested in or used cryptocurrencies. This and more news in this handy daily summary so that you are always informed with the most recent events that occur within the crypto world.
CFTC and cryptocurrency regulation in the US
📍The CFTC chairman revealed that cryptocurrencies are popular assets among US investors. In her opening speech In a Brookings Institution webcast on the future of crypto regulation, Rostin Benham, chairman of the U.S. Commodity Futures Trading Commission, noted that cryptocurrencies are becoming an important part of Americans’ mainstream investment portfolios.
Benham cited a study conducted by NBC News in March of this year to point out the boom that cryptocurrencies have gained and the growing need for institutions and companies to enter the crypto world to meet the demands of their clients.
In the study, NBC News revealed that one in five American adults has invested in or used cryptocurrencies in the past year.
The CFTC chairman noted that this exponential growth has occurred in an environment that lacks a clear regulatory framework, making it essential to create crypto regulation that guarantees a technologically neutral regulatory approach, but that allows for appropriate risk management.
Wharton School to offer course focused on the Metaverse
📍Wharton School to offer course focused on opportunities in the Metaverse. The Wharton School of Business at the University of Pennsylvania will offer a new training course to educate students about the business opportunities offered by the Metaverse and how they can develop new interactive tools and address existing problems in it.
The new course, titled “Business in the Metaverse Economy,” will allow students to learn about the associated technologies, economic and technological elements that will drive the development of the Metaverse, and how businesses and creators can gain value through the virtual world in the coming years, the Wharton School explained in a release.
Wharton School is the first Ivy League business school to show interest in new technologies, educating about the virtual world and the business and development opportunities it offers.
Central African Republic launches Sango Coin
📍Central African Republic's digital currency Sango Coin is now available. The Central African Republic, the second country in the world to officially make Bitcoin legal tender, has launched its own digital currency based on the Bitcoin blockchain network.
The cryptocurrency project, announced by the country's president, Faustin-Archange Touadéra, earlier this month, is now live.
According to reported According to Reuters, the Central African government hopes to raise $1 million through Sango Coin. However, at its debut, the digital currency found little interest from investors in the crypto industry. This is mainly due to doubts related to the transparency and privacy of the currency and the current state of the crypto market, the agency reported.
Another Bitcoin miner in the US expands
📍Bitcoin miner Core Scientific has announced a new deal to expand its mining operations. Publicly traded cryptocurrency mining company Core Scientific has signed a deal with a hosting provider to expand its data center capacity by 75 megawatts, which will generate about $50 million in revenue a year, according to the company. reported the company.
Japan government launches Web3 office
📍Japan's Ministry of Economic Affairs (METI) has opened a Web3 Policy Office. According to METI's announcement, the new office will operate as an internal, cross-departmental organization focused on Web3.
The Web3 Policy Office will be tasked with collecting data and information on new technologies such as cryptocurrencies, DeFi, NFTs, and the Metaverse in Japan and abroad. It will also work with relevant departments and agencies in the country to develop and accelerate the growth of the business environment for Web3, the ministry said in a statement. release.
Continue reading: How much Bitcoin does Satoshi Nakamoto have?
IMPORTANT: The content of this article is for informational purposes only and, in no case, what is written here should be taken as investment advice or recommendations. Bit2Me News reminds you that before making any investment you should educate yourself and know where you invest your money, as well as the pros and cons of the system. We separate ourselves from the actions and consequences that ignorance may entail. If you decide to invest in this or another asset class, you are solely responsible for the consequences that your decisions and actions may have.
