In a recent meeting in Marrakech, it was learned that the G20 approved guidelines from the IMF and FSB to regulate cryptocurrencies.
Marrakech was the scene of a momentous meeting on October 13, where the Group of Twenty (G20), an international forum that brings together 19 sovereign nations together with the European Union and the African Union, made a decision of enormous relevance at the level global.
During this meeting, the G20 Finance Ministers and Central Bank Governors unanimously approved the “Communique of the G20 Finance Ministers and Central Bank Governors” that seeks to regulate cryptocurrencies.
This statement highlights the implementation of specific regulatory frameworks, the promotion of information transparency beyond G20 jurisdictions. As well as strengthening coordination, cooperation and information exchange at a global level. This decision marks an important step.
“In the spirit of #OneEarthOneFamilyOneFuture and following full consensus by the #G20 members, the Fourth #G20 Finance Ministers and Central Bank Governors Communique was adopted today in #Marrakech, Morocco,” reads a post on X by the Indian Ministry of Finance.
Report Indicates that Blockchain Gaming Investments Reach $2.3 Billion by 2023
Amid a year of fluctuations in the cryptocurrency market, blockchain-based gaming projects have achieved an impressive injection of capital, totaling $2.3 billion in investments during 2023.
These figures are particularly notable, as the third quarter of the year attracted an investment of $600 million. This, despite the apparent downward trend that affected cryptocurrencies throughout the year.
According to a report by DappRadar, a decentralized applications (DApps) tracking platform, the first quarter of 2023 witnessed investments worth $739 million, followed by $973 million in the second quarter and an additional $600 million dollars in the third quarter. In total, this adds up to an impressive $2.3 billion in investment in the blockchain-based gaming sector during the first three quarters of the year.
Tether Announced a CEO Change as well as the Expansion of Commercial Operations
Tether, one of the most influential companies in the world of cryptocurrencies, has announced a significant change in its leadership structure. In a statement issued on October 13, Tether reported that Paolo Ardoino, who has served in the role of chief technology officer since 2017, will take over as CEO of the company starting in December 2023.
This announcement marks a milestone in the company’s history, as Ardoino will take over as CEO at a crucial time. At the same time, Jean-Louis van der Velde, the current CEO of Tether, will move to an advisory role in the company while retaining his position as CEO of Bitfinex. A sister company of Tether.
Madeira President Considers Creating Bitcoin Business Center to Drive Innovation
During the second day of the Bitcoin Amsterdam 2023 event, the President of the Regional Government of Madeira, Miguel Albuquerque, unveiled ambitious plans for the creation of a Bitcoin business center in the region. This announcement came in the context of a fireside conversation with Prince Filip Karađorđević of Serbia, who expressed great interest in the initiative.
The main purpose of this Bitcoin business center, which will have the symbol BTC and a currently traded market value, is to drive innovation at a regional level. Prince Karađorđević highlighted the potential of this project in technological development. As well as on possible collaborations, while Albuquerque underlined the importance of the location in Madeira and the inclusive opportunities it offers.
By Audy Castaneda
