July 25, 2022

Jay-Z & Jack Dorsey-backed non-profit developing African Bitcoin talent🎓, NFTs sales funding Ukraine's cultural restoration🎴

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All the emerging market blockchain & crypto news you needin less than 5 minutes

In This Issue

Africa

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

Asia

METAVERSE

: South Korean healthcare metaverse to use SOLVE token as payment

USE CASE

: Major Japanese chemicals manufacturer launching blockchain recycling pilot

Latin America & The Caribbean

ACQUISITION

: Spain's largest exchange Bit2Me acquires Peruvian crypto exchange, expansion set to continue

REGULATION

: Paraguay's regulatory framework awaiting president's signature

Eastern Europe

TOKENIZATION

: First palladium-backed cryptoasset launched in Russia

UKRAINE WAR

: NFT sales will fund the restoration of Ukraine's cultural institutions

Africa

Image Credit: 愚木混株 cdd20 via Unsplash; cellanr & Joella Marano via Wikimedia Commons

₿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 planMulk International To Construct $500 million Cyber City In ZimbabweMercy Corps is Piloting a Buy Now Pay Later Product for Street Food Vendors in Kenya by Leveraging DeFiCentral African Republic (CAR) Launches Sango Coin Platform – Holders to Deposit Crypto AssetsSouth African Crypto Investors and Service Providers Told of Legal and Tax Implications of Central Bank’s Plan

Asia

Image Credit: Julien Tromeur via Unsplash

South Korea's Metaverse Doctors Alliance (MDA), 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 TalentThe regulatory implications of India’s crypto transactions taxJapan struggles with self-regulation during crypto meltdownDaimler inks Singapore blockchain partnership to identify data use casesIndonesia finalizing wholesale CBDC design, joining other ASEAN statesCrypto crash spreads in Asia as Zipmex suspends baht withdrawals

Latin America and The Caribbean

Image Credit: Charles Deluvio via Unsplash

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. Individual and corporate miners will be required to obtain a license to operate and an approval for industrial energy consumption. A registry of third party service providers for 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 round15,000 kilos of recycled plastic in Brazil are transformed into NFTs that give access to a hotel in ParisInternational Bitcoin exchanges bet on the approval of the ‘Cryptocurrency Law’ to enter BrazilBrazil ranks second in global DeFi users and third in blockchain games, MetaMask data reveals

Eastern Europe

Image Credit: AltumCode via Unsplash

The Russian unit of Swiss-based commodities tokenization firm, Atomyze, launched the first palladium-backed cryptoasset in Russia with palladium provided by Russian mining firm 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 FindsTurkish crypto exchange joins COPA to fight against ‘patent trolls’Masked Men Rob Large Crypto Mining Farm Near Moscow

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