[Weekly News] the 1st week of Sep.
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Let’s learn about the hottest Bitcoin and cryptocurrency news in the 1st week of September!
Brazilian SEC Commissioner “Need to establish specific authority regarding cryptocurrency regulation.”
According to Cointelegraph, the Brazilian Securities and Exchange Commission (SEC) is seeking ways to change its role as a regulator when it comes to cryptocurrency regulation. The media reported that the regulator plans to work on defining cryptocurrencies. A Brazilian SEC official said, “Specific improvements are needed in the definition of cryptocurrency, the requirements for prior approval, and the scope of roles overlapping with the Brazilian Fair Trade Organization (CADE).” Several Brazilian lawmakers also argued that it was necessary to determine the scope of powers of the Brazilian Central Bank and the SEC regarding approving the issuance of coins and regulating the market. In this regard, there is an opinion that it is necessary to prepare regulations for cryptocurrencies.
In August, the game sector accounted for half of the blockchain industry usage.
Cointelegraph, citing a Dapp market data platform DappRadar report, reported that games accounted for half of blockchain industry usage in August. According to data, games accounted for about 50.51% of the blockchain industry’s monthly use (MoM). The industry usage of games in the previous month was approximately 57.30%. The media evaluated, “Although it decreased slightly from the previous month, games are still the most popular field in the blockchain industry.” The gaming sector has approximately 847,230 Unique Daily Active Wallets (UAWs).
Singapore Monetary Authority Governor “Government must take a differentiated approach for each cryptocurrency.”
According to foreign media, Ravi Menon, governor of the Monetary Authority of Singapore (MAS), said central banks and regulators should take a differentiated approach to various cryptocurrency innovations. “The cryptocurrency market has tremendous economic potential. It can promote more efficient transactions and realize the economic value that has not yet been pioneered,” he added.
Animocha Brand Founder “Web 3 transition is coming sooner than expected.”
Yat Siu, the co-founder of Animocar Brand, an investment company for blockchain and NFT game development, said in an interview with Forbes, “The transition to the next-generation Internet, the Web3, may come sooner than many people think.” He said, “As open metaverses such as new and high-quality blockchain games are expected to be released, the new inflow of metaverses in the next 18 months is expected to reach hundreds of millions of people. “The reason why young people are attracted to Web3 is that Web3 represents a better future rather than a better technology.”
Source: https://www.coinpress.co.kr/2022/09/05/38067/
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