Fun

News Feed - 2023-11-06 08:11:06

Arijit Sarkar12 hours agoMauritius mulls wrapping metaverse into financial servicesWhile acknowledging the need for collaboration in reshaping the financial services to accommodate metaverse, the FSC of Mauritius asked seven questions to the public.2326 Total views9 Total sharesListen to article 0:00NewsJoin us on social networksThe Financial Services Commission (FSC) of Mauritius started collecting feedback from industry stakeholders and the general public regarding the inclusion of metaverse within the financial services industry.


The FSC dedicated the entire month of November to gathering comments on the strategic developments and repercussions of the metaverse, according to a recent consultation paper.


Mauritius intends “to ensure that the regulatory and business environments in Mauritius are appropriately ready and re-engineered” as metaverse adoption continues to amplify on a global scale. The FSC highlighted metaverse-centric efforts from offshore regulators from the European Commission, the United Kingdom, Dubai, Indonesia, China, South Korea and Singapore and how they have made significant efforts to accommodate the new technology.“As the nations across different continents increasingly continue to take steps forward, a future can be anticipated whereby the metaverse will transform into a space that not only unleashes boundless imagination, but also upholds fundamental values of consumer protection and individual empowerment.”


While acknowledging the need for collaboration in reshaping the financial services to accommodate metaverse, the FSC asked seven questions to the public, as shown below:FSC Mauritius asks seven metaverse-related questions to stakeholders and the general public. Source: fscmauritius.org


Respondents are expected to share their opinions on the relevant questions by Nov. 30. The comments and feedback will be considered to establish a multidisciplinary working group to further address the future policy and regulatory orientations in relation to the metaverse.


Related:Metaverse projects failed on lack of correct business model: MetaMinds CEO


Mauritius is also expected to launch the pilot phase of a digital rupee in November 2023. However, an official release is still pending.


On April 28, the governor of the Bank of Mauritius, Harvesh Kumar Seegolam, said he prioritized central bank digital currency (CBDC) development when he took office in 2020:“As a central banker, I need not stress upon the determining role that CBDCs can play, not only in protecting monetary sovereignty but also in assisting central banks and regulatory authorities on the front of AML/CFT [Anti-Money Laundering/Combatting the Financing of Terrorism].”


Seegolam said the Bank of Mauritius “is contemplating” launching a digital rupee pilot phase in November.


Magazine:Slumdog billionaire 2: ‘Top 10… brings no satisfaction’ says Polygon’s Sandeep Nailwal# Business# Adoption# Financial Services# Financial Systems# Metaverse# MauritiusAdd reactionAdd reactionRead moreMetaverse projects failed on lack of correct business model: MetaMinds CEOHow blockchain, AI can help research into extending human lifeSpot ETF-induced Bitcoin rally isn’t guaranteed to stick: Analysts

News Feed

XRP MVRV Ratio Dips Below The 200-Day MA – Trend Shift Underway?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Brian Quarmby8 hours agoSenator Lummis files amicus brief supporting Coinbase’s dismissal motion against SECSenator Cynthia Lummis argued that the SEC is attempting to “circumvent the political process” by establis
Big Move For XRP: Ripple-Backed ETF Launches In Canada
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Crypto Expert Unveils 15 Surprising Truths About This Bull Run You Need To Know
Este artículo también está disponible en español. In a thread on X, crypto researcher Alex Wacy (@wacy_time1) shared 15 eye-opening insights about the current bull cycle
Namibian Educator: Low Level of Crypto and Blockchain Adoption in Africa Compelled Me to Write a Book
Namibian Educator: Low Level of Crypto and Blockchain Adoption in Africa Compelled Me to Write a Book Blockchain and crypto enthusiasts have for years preached about the much envis
Twitter Changes Bird Logo to Picture of Doge, Dogecoin Price Surges 23% After the Change
Twitter Changes Bird Logo to Picture of Doge, Dogecoin Price Surges 23% After the Change On Monday, Twitter users noticed that the traditional blue bird logo had been replaced by a
Russians Aware of Bitcoin Divided on Proposed Crypto Ban, Poll Finds
Russians Aware of Bitcoin Divided on Proposed Crypto Ban, Poll Finds A new survey has indicated that Russians who have heard about cryptocurrency are deeply divided in their opinio
Finder’s Experts Predict Bitcoin to Peak at $29K in 2023, But Forecast a Low of $13K 
Finder’s Experts Predict Bitcoin to Peak at $29K in 2023, But Forecast a Low of $13K  The price of bitcoin is set to rise in 2023, but crypto and fintech experts chosen by the p
Bitcoin’s Watershed Moment- Crypto Asset Now Commands a $1 Trillion Market Capitalization
Bitcoin"s Watershed Moment- Crypto Asset Now Commands a $1 Trillion Market Capitalization Bitcoin’s market capitalization has crossed the $1 trillion zone
IMF Bailout Approval Helps Zambian Kwacha Take the Russian Ruble’s Position as World’s Best Performing Currency
IMF Bailout Approval Helps Zambian Kwacha Take the Russian Ruble"s Position as World"s Best Performing Currency After the International Money Fund revealed it had approved a bailou
Brayden Lindrea2 hours agoIf good UX is like driving auto, Web3 is ‘driving stick’ — UX designersThe high stakes of crypto applications mean developers often need to prioritize security — but that comes at the co
Brazil Based FTX Customers Organizing to File Class-Action Lawsuit
Brazil Based FTX Customers Organizing to File Class-Action Lawsuit A group of customers of the recently collapsed crypto exchange FTX, is organizing to take legal action against th