Uniswap recently launched its governance token, UNI, to protect its financial infrastructure. The European Commission presented a draft of a new bill to regulate crypto asset markets. This and more news in this handy daily summary so you are always informed with most recent events that happen within the crypto world.
📍 The renowned decentralized finance protocol (DeFi), Uniswap, announced the launch of a governance token as a way to keep up with its rival and counterpart Sushi Swap. The governance token, called UNI, will be allocated 60% of the total supply to members of the Uniswap community, while 15% of this supply was distributed to previous users of the protocol, as reported by Uniswap in its statement. Likewise, the platform stated that the launch of the new token will allow Uniswap to establish itself as a publicly owned and self-sustaining infrastructure, which has the potential to carefully protect its autonomous and indestructible qualities. Uniswap is a decentralized platform that does not require trust in an intermediary and allows access to financial services without discrimination and risks.
📍 The European Commission (EC) is working on a new regulation project where it states that Bitcoin is a financial instrument, while the stablecoins They can be treated as electronic money. Although it is still a blotter, the new bill called “Regulation of the European Parliament and of the Council on the markets in cryptoassets (MiCA)” seeks to establish the necessary guidelines to regulate digital asset markets, taking advantage of all the potentials that digital financing offers. The vision of the EC is to build the foundations of the new economy, integrating new strategies on digital finance, to build a sustainable, stable and productive economic and financial system for the future.
📍 A release issued by FATF, the Financial Action Task Force, states that users who purchase cryptocurrencies, like Bitcoin in their country, and then distribute small amounts of this purchase across various exchanges and exchanges, will be considered “suspicious” and potential criminals. The same will happen for those users who buy cryptocurrencies with prices much higher than those available in the markets or who trade without experience, since a commercial practice without logic, which generates losses for users, lends itself to negative interpretations and activates FATF alerts. Of course, those users who lie to an exchange when registering or present irregularities will not be seen well.
Finally, although the list of activities that qualify as suspicious for FATF is quite extensive, the group places special emphasis on the fact that users of projects that generate returns of more than 10.000% in a short time will have problems. The measures implemented by this body are designed to detect and report suspicious and illegal transactions, although these rules do not apply in all jurisdictions and territories.
📍 In technology, users of Ethereum They can now send emails from their crypto addresses thanks to the introduction of a new feature. Unstoppable Email is the new feature of Ethereum addresses that allows users to send emails from any domain with a “.crypto” extension.
To send the emails, users only have to sign with the private key of Ethereum in a similar way as the cypherpunks They sent their emails through keys PGP (Pretty Good Privacy). The developer of the new feature, UnstoppableDomains, indicates that although the function is not decentralized, it does guarantee that the email comes from the domain owner and is a free service.
📍 AksjeBloggen, a financial services company based in Norway, claims that the number of Bitcoin ATMs in the world grew by 167% so far this year. The company states that there are currently about 9.680 ATM units worldwide, and that most of them are concentrated in countries such as the United States and Canada.
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