Key Takeaways
- A government official claims that Zimbabwe is now gathering views on cryptocurrencies.
- CEO Charles Hoskinson signs memorandum with Burundi government, but agreement Is disputed
- Founders of Reddit and Solana join forces for $100 million investment in Web 3 Social media marketing plan
- A New cryptocurrency bill Is being fast tracked in India, and the government is seeking a middle ground to regulate crypto.
The head of the e-government unit, Charles Wekwete, said that the Government would only take an official stance on cryptocurrencies after the consultation process is complete.
It was reported that Wekwete made the remarks in response to a question from participants of an IT summit in Victoria Falls, which was hosted at the city's Sunday News. They wanted to know whether Wekwete's [attitude towards cryptocurrency had changed]?9https://remitano.com/forum/mm/post/13898-experts-suggest-zimbabwe-hasnt-changed-its-attitude-towards-crypto) since they last spoke with him at the conference.
As a starting point, Wekwete reiterates his government's long-standing worries about cryptocurrency and its suspicions that they may be used to aid criminal activity. Although the Zimbabwean government has not yet found an adequate regulatory framework for cryptocurrencies, Wekwete has revealed that the country is actively working toward this goal.
Charles Hoskinson of Cardano signs an agreement with Burundi
Charles Hoskinson, the cofounder of Cardano, recently stated that he'd signed an agreement with the Burundi government called a "MOU." Since the commencement of Cardano's African trip in the middle of October of 2021, Hoskinson has been able to acquire an MOU agreement as his first significant preliminary agreement.
Hokisnson had already visited Zanzibar, where he met with President Hussein Ali Mwinyi, before heading to Burundi. As previously noted, Cardano's next important agreement with an African state after signing another arrangement with the Ethiopian government back in April 2021 was made possible thanks to Hoskinson's trip to Burundi
Hoskinson took to Twitter to highlight some of the most memorable events from his trip to Burundi, including his meetings with the country's authorities and Cardano's most recent success. He ended his tweet with the words: "Yes, we signed a beautiful MOU today."
In a previous post, Hoskinson spoke about his meeting with Burundi President Évariste Ndayishimiye. He has subsequently changed his Twitter profile image to one of the two of them.
Reddit co-founder Alexis Ohanian and Solana co-founder Raj Gokal jointly launched (at first) a $50 million fund with Solana Ventures to invest in Web 3.0 social media technologies today.
At this year's Solana Breakpoint conference in Lisbon, Portugal, Gokal announced the ban on Twitter and Facebook announced the rebranding of their company to Meta only a few weeks ago.
Soon after first declaring the effort would cost $50 million, Ohanian said on stage that it would really cost $100 million. "Reeled you in," he addressed the roaring throng.
The panelist Gokal said, "I do need to be emancipated from centralized social media, I want to go off Twitter." Gokal said this during the discussion.
"That's what I need your help with. Create the next Twitter, the next Facebook, and the next Instragram. Build the next one. In exchange for your support, I'll give you something special: I'll remove my accounts from all those central services "he concluded. He responded by adding, "The reward is out there," which was welcomed with cheers from the audience.
India intends to fast track the development of a new cryptocurrency bill, while also attempting to take a "middle path" in regulating crypto.
This law will be submitted in parliament during the winter session, according to reports from the Indian government. Indian crypto law will likely follow a "middle way" approach to ensure that all parties are protected.
Parliamentary session begins in the new year in India, and the country is now working on regulating cryptocurrencies. Unnamed government sources tell the Economic Times that the administration is exploring a "middle route" that addresses the concerns of all parties involved in the regulation of cryptocurrency.
It's not possible to prohibit cryptocurrencies since so many Indians are invested in crypto assets, the individual said, adding that declaring cryptocurrencies legal currency as El Salvador did is not an option either.
African crypto development is a hot topic right now. Let us know what you think in the comments below.
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