Yanadoo Promotes Issuance of Virtual Assets and NFTs, etc.
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According to Digital Today, Yanadu, an Internet education company affiliated with Kakao, is considering issuing virtual assets through its new metaverse home training service, Yapit Cycle. An official from Yanadoo said, "We are considering issuing blockchain-based virtual assets in the form of further development of the Yapit cycle mileage system. "We are still planning it, but we have not decided on a specific date for the issue," he said. Yanadoo is also pushing to integrate mileage and issue available goods as blockchain-based NFTs. On top of that, the customized lecture service Yanadu Class and Kids also plan to upgrade to a metaverse education platform.
Optimism to update token supply modification
Ethereum Layer 2 scalability solution Optimism said on its official Twitter account, "The token inflation rate was incorrectly set at the initial 20% but will soon be changed to 2% as previously planned." "The inflation does not start until next year, so there is no impact on the planned token supply plan," it added. The update is scheduled to take place on the 11th.
European Parliament Commission Approves Mika Bill Tentatively...a full parliamentary final vote at the end of the month
According to Coin Telegraph, the European Parliament's committee tentatively approved the Virtual Asset Market (MiCA, Mika) bill with 28 votes in favor and 1 vote in opposition to the board's vote. At the end of the month, a final vote will take place in the entire European Parliament session, which will apply to EU Member States upon final approval. The Mika Bill, first introduced to the European Commission in September 2020, aims to introduce a consistent cryptocurrency regulatory framework among the 27 EU Member States.
EU Commission seeks automation solution for Deepi supervision
According to CoinGape, the European Commission (EU) announced that it will establish a regulatory supervisory automation solution through real-time collection of DeFi data. "The European Commission is bidding to study how to embed regulatory oversight in decentralized finance," Patrick Hansen, the head of EU policy and strategy at Circle, tweeted. The research project will run for at least six months, and the deadline for bidding and participation applications is December 1. The Virtual Asset Market (MiCA, Micah) bill, approved by the European Council last week, includes a comprehensive regulatory framework for the cryptocurrency market, but does not regulate DiFi and NFT. According to the media, it is interpreted that the EU is trying to approach the regulation supervision of the de-fi market through real-time de-fi data collection.
OECD Announces Cryptocurrency Asset Tax Reporting Framework
According to CoinDesk, the Organization for Economic Cooperation and Development (OECD) announced the Global CARF (Cryptocurrency Asset Reporting Framework). The framework, approved in August, guarantees information collection and automatic exchange of cryptocurrency transactions, and defines cryptocurrency assets as "including stable coins, derivatives issued in the form of cryptocurrency assets, non-replaceable tokens (NFTs), and assets that can be held and transferred in a decentralized manner without intervention by traditional financial intermediaries." In addition, the framework includes service providers that facilitate cryptocurrency asset trading, such as exchanges, brokers, and ATM operators.
Justin Sun "Enhances the HT Token...No plan to issue new tokens"
While a key investor in the M&A fund under About Capital, which acquired Huobi Global, is known as the founder of Justin Sun Tron (TRX), Justin Sun attended a meeting of Huobi Global executives and employees and said, "However, it will not return to the Chinese market." He added, "We will empower Huobi Token HT and will not issue new tokens." Earlier, Wu Blockchain, a Chinese cryptocurrency single-person media, said, "Behind Huobi Global's acquirer, About Capital, is Justin Suntron, the founder. Justin Sun is a key investor in an M&A fund under About Capital acquired by Huobi Global, and he is preparing a $1 billion acquisition plan to absorb some of Huobi's business sectors. Based on CoinMarketCap, HT is currently trading at USD 5.08, up 24.07% from now on.
G20 Regulatory Consultative Body "Reviewing the Possibility of Using Stable Coin for Cross-Border Payment"
According to CoinDesk, a media specializing in cryptocurrency, the Financial Stability Board (FSB), an international organization that monitors the global financial system and consults financial regulations, said on the 10th, "We will review whether stable coins can help improve the efficiency of the cross-border payment system." In this regard, FSB will conduct further research on whether risk-managing and well-designed stablecoins can solve the problems of the existing cross-border payment system and improve efficiency. The final research results are expected to be released by the end of this year. "As the stablecoin sector has the potential to affect the global market and is growing rapidly, careful review focusing on risk management will be needed," he explained.Meanwhile, the FSB is expected to unveil a big framework for de-fi and stablecoin regulations at the G20 Finance Ministers and Central Bank Governors' Meeting to be held in Washington, D.C., U.S. for two days from the 12th to the 13th.
