Crypto Round-up: Meta Horizon World Launches Early Access to Mobile Web; Japan Unveils New Regulatory Framework to Empower Startups
Japan Paves the Way for Innovative Startups in the Crypto Space
Japan has announced a significant revision to its regulatory framework, aimed at providing greater opportunities for startups to raise capital through digital assets.
With the updated regulations, Japanese startups will have a more conducive environment for utilizing blockchain technology and tokenizing assets, fostering innovation in the country’s entrepreneurial ecosystem.
Despite maintaining strict crypto regulations, Japan has also made strides to establish itself as a crypto-friendly country, lifting bans on foreign-issued stablecoins, launching a central bank digital currency pilot program, and funding metaverse and NFT-related projects.
Meta Horizon World Expands Its Reach with Mobile Web Access
Meta Horizon World, a pioneering metaverse project, has rolled out its early access version for mobile web users.
Meta Horizon World is expected to shape the future of the metaverse and redefine how we experience digital spaces. With the initial rollout, only a small number of people will be able to access it on the web or the Meta Quest app on Android, with an iOS rollout slated for the coming weeks.
With this expansion, users can engage with the metaverse seamlessly from their smartphones, opening up new possibilities for entertainment, social interaction, and business ventures within this evolving digital realm.
Uniswap Launches Educational Platform — DoDAO
Uniswap, one of the leading decentralized exchanges in the crypto space has introduced an educational platform known as DoDAO. This initiative is designed to empower users with knowledge about decentralized finance (DeFi) and the broader blockchain ecosystem.
According to the announcement, Uniswap University aims to create a structured learning pathway for onboarding users to its v3 exchange via courses, simulation and quick guides.
As DeFi continues to gain popularity, initiatives like DoDAO play a vital role in ensuring that users have the necessary tools and information to make informed decisions in the DeFi space.
Thailand Expands Taxation to Include Overseas Crypto Income
Thailand has announced plans to tax income generated from crypto trading conducted overseas. This decision comes as part of the country’s efforts to regulate and tax activities related to digital assets.
The new law targets individuals residing in the country who trade in foreign stock markets through foreign brokerages, crypto traders, and local citizens with offshore accounts.
By extending taxation to overseas income, Thailand aims to ensure that its citizens are in compliance with tax laws and that crypto trading is subject to regulatory oversight.
India Develops Darknet Tool to Combat Crypto Fraud
India is making strides in combating crypto-related fraud with the development of a darknet tool. This tool is designed to identify and address fraudulent activities in the crypto space, particularly on the dark web.
The Indian Ministry of Home Affairs (MHA) aims to combat crypto-related crime through the Cryptocurrency Intelligence and Analysis Tool (CIAT). The project is spearheaded by an MHA division called the Indian Cyber Crime Coordination Centre, which is dedicated to investigating and addressing cybercrime.
By addressing fraud in the crypto sector, the country aims to create a safer environment for investors and promote the legitimate use of blockchain technology.
That’s all for this edition of our crypto newsletter. Stay tuned for more exciting news and updates from the world of blockchain and crypto!
