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Israel’s Tel Aviv Stock Exchange Apply for Cryptocurrency Trading License

Earlier this week, on Monday, February 27, the Tel Aviv Stock Exchange (TASE) published a draft seeking regulatory approval to facilitate cryptocurrency trading on its platform.

The license is primarily aimed at expanding the authorized activities of Non-Bank Members (NBMs) to include trading in digital assets. Last year, banking institutions such as Bank Leumi already started offering cryptocurrency trading services in agreement with Paxos.

Now, other players are also looking for licenses that allow them to trade digital assets. In its announcement, TASE proposed a structure that will allow customers to deposit fiat money designated specifically for cryptocurrency investments.

If regulators approve this proposal, non-bank members will act as authorized providers of cryptocurrency custody and trading services. All client funds will be placed into an “omnibus account” which will serve as an intermediary for all cryptocurrency trading activities.

It would also allow customers to withdraw funds by selling cryptocurrencies. However, this process is still a bit complex so far. The announcement notes that this is done specifically to address consumer protection and risk mitigation.

Will regulators in Israel move?

Israel has been one of the leading nations in terms of cryptocurrency participation. With global cryptocurrency regulation coming into effect, regulators in Israel are also making a move. In November 2022, the Chief Economist of the Israeli Ministry of Finance released a report: “Regulation of the Digital Asset Sector: Roadmap for a Policy”.

This report seeks to impose regulations on financial activities and services on digital assets that will be similar to those that currently apply to non-digital assets. The Tel Aviv Stock Exchange is aware of the developments and is therefore taking appropriate action. In their press release, they state:

   “The TASE team prioritizes regulating and advancing cryptocurrency trading as a means of improving the Israeli capital market in line with international standards, as well as the ability of NBMs to expand their areas of activity and the ability of their clients to trade. in cryptocurrencies”.

TASE believes that aligning local and global regulations will attract more foreign investment into Israel’s crypto market. This will ensure further advancement of Israel’s capital market while promoting innovation and competition.

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Blockchain, Metaverse and NFT’s arrive in Granada in January with Block World Tour

In January we will have the opportunity to attend the most prestigious event in the Blockchain technology industry ever held in Granada.

After nine editions throughout Europe, the most prestigious and pioneering Blockchain congress in the world has chosen the city of the Alhambra as its next destination.

The BlockWorldTour organization has always tried to promote Granada as a technological city and organized the first blockchain event in 2019.

The event to learn directly from the creators of the future of Blockchain

The Block World Tour will announce its speakers on platforms like Instagram several weeks before the congress. In recent editions we have seen professionals from all sectors, who grow while research lags behind innovation.

Accustomed to seeing references in the media to new trending terms like Metaverse, DEFI or NFT, we can understand the gist of what this means, but we don’t really know what they mean. This Congress aims to bring the new concepts of professionals to audiences interested in the subject.

NFT and Augmented Reality

At the congress there will not only be space for presentations and networking, but also for exhibitions and stands. There will be the possibility of knowing the different projects presented at a shorter distance. In the latest editions of the BWT, NFT art exhibitions were programmed, as well as Augmented Reality experiences that represent a new twist to what we understand today as musical shows.

The format of conferences concentrated in a maximum of 15 minutes, and debates between speakers on certain topics, allows anyone who finds the subject interesting to debut at an event of this caliber.

BWT is a multicultural technological event that has managed to redefine the traditional concept of this type of event for the Blockchain sector. A benchmark for thousands of participants and companies in the blockchain sector, the Block World Tour events are the ideal place to find out about the latest developments in the sector and be at the forefront of the future of technologies, as well as a way to find the perfect opportunity to establish alliances and promote projects or businesses.

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El Salvador will buy Bitcoin every day starting tomorrow, says president

El Salvador will start buying bitcoin every day, according to Salvadoran President Nayib Bukele. Since adopting the cryptocurrency as legal tender, El Salvador has purchased around 2,381 bitcoins for its treasury.

El Salvador will buy Bitcoin every day

The president of El Salvador, Nayib Bukele, announced this Thursday on Twitter that his country will buy a bitcoin every day starting tomorrow.

Following Bukele’s announcement, Tron founder Justin Sun said he will do the same, tweeting: “We remember @nayibbukele’s initiative to buy bitcoins daily. We will also buy one bitcoin every day starting tomorrow.”

Bukele was undeterred by the recent turmoil surrounding bankrupt cryptocurrency exchange FTX. On Sunday, the Salvadoran president explained in a tweet:

FTX is the opposite of Bitcoin. The Bitcoin protocol was created precisely to prevent Ponzi schemes, bank runs, Enron, Worldcom, Bernie Madoff, Sam Bankman-Fried... bailouts and wealth transfers. Some understand, others still don't. We are still early.

El Salvador adopted bitcoin as legal tender along with the US dollar in September last year. Since then, the country has bought around 2,381 bitcoins for its treasury. President Bukele is a strong supporter of cryptocurrencies. He recently attributed El Salvador’s tourism recovery to BTC, surfing, and reduced crime.

However, a survey conducted in October indicated that almost two-thirds of the population have a negative impression of bitcoin, and only a quarter of Salvadorans use the cryptocurrency.

The International Monetary Fund (IMF) has also warned El Salvador about making Bitcoin legal tender, claiming that the costs of making BTC a national currency outweigh its potential benefits. However, the government of El Salvador has rejected the IMF warning and continues to adopt bitcoin.

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AIBC European Summit kicks off with full featured agenda

In November, the AIBC European Summit returns to awaken Malta from its autumn stupor. By prioritizing quality over quantity, extra care has been taken to ensure delegates get the most for their investment; from top-notch networking opportunities to KOL-led keynotes and panels for maximized visibility for all startups. Read the highlights not to

I want to miss AIBC Summit Malta Week 2022.

Schedule

A lot of effort went into putting together the event agenda. It was calibrated to be as strategic and fluid as possible.

Day 1 will begin with the VNTR Capital Breakfast, where delegates will have the opportunity to network and

discuss the latest technology trends with active Venture Capital investors, business angels and HNWIs. The day’s conference is scheduled to start early and is packed with important information on recent 2022/2023 bull and bear market trends. The best VCs will take over from 10:40 am to cover the best market and investment strategies. The AIBC Startup Pitch will follow immediately, ensuring maximum VC visibility for emerging entrepreneurs.

The lectures will take place in two stages over the two days and have been structured to cover a wide range of

topics at any time. From Crypto and Blockchain technologies to GameFi and Web3 education, delegates will benefit from keynotes and panels featuring the brightest minds in the industry.

The launch of AIBC Europe

More than keynotes and panels, the AIBC Summit is about envisioning and building an exciting future for innovative technology. The SiGMA Group is all about honoring the vision, courage and determination required to elevate any company from a localized idea to a global phenomenon. It does this by providing startups with a stage to showcase their exciting ideas, ensuring maximum visibility from high-priority investors.

We put out the call and over 100 startups responded, now ready to take advantage of a highly coveted spot at the AIBC Summit! The best start-ups will also compete on stage in front of a panel of judges, hand-picked to ensure the highest quality and diversity of backgrounds and experiences.

The judging panel comprises Scott Stornetta, Marianna Tavella, Efrem Borg, Johan Zammit, David Orban and Saeed Aldarmaki, bringing together decades of experience in Cryptocurrencies, Blockchain, BizDev and regulation. Our key launch competitors include Arena Games, Farcana, Encore Fans and Nanit Robot, covering SocialFi, GameFi, EdTech, Robotics, Crypto, Blockchain and Web3 infrastructure innovation.

Launch of AIBC Startup | AIBC United Arab Emirates 2022

Join us: 14th to 18th November for Malta Week

One of the first European countries to regulate the gaming industry, Malta is a global business hub. The island is an obvious choice for AIBC’s presence in Europe and a solid base for the future of the sector. With a wealth of perspectives for investors and entrepreneurs looking to shape the future of this multibillion-dollar business, Malta Week will bring together industry giants across gaming affiliates, operators and providers.

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Flipkart, the Indian commerce giant, will allow customers to buy items in the metaverse

Flipkart, the Walmart-backed Indian e-commerce giant, has launched a pilot program to let its customers experience shopping in a metaverse environment. The company announced the launch of its own metaverse, called Flipverse, in which different brands will be able to offer their own shopping experiences.

Flipkart to Launch Flipverse: A Shopping Metaverse

Flipkart, one of the largest e-commerce companies based in India, has announced that it will test its own shopping experience in the metaverse. Called Flipverse, this metaverse will allow customers to experience shopping as if they were physically present in an online store through their smartphone.

According to the company, the experience wants to bring gamification and loyalty points to the shopping experience, allowing customers to accumulate supercoins and digital collectibles from different brands that are already accredited to be part of this pilot program.

To create the new platform, Flipkart partnered with eDAO, a company incubated by Polygon, to prepare the metaverse experience for launch this month. The company has already signed up several key partners, including Puma, Noise, Nivea, Lavie, Tokyo Talkies, Campus, VIP, Ajmal Perfumes, and Himalaya, who will be able to offer their own custom booths and experiences in the Flipkart metaverse.

A Flipkart executive stated:

The idea is to get millions of users to experience Flipverse and open the door to the future of shopping. Fifteen years ago, we were the first Indian company to launch Web 2.0-based commerce. And I feel that today we are the first company to launch Web 3.0 commerce.

Retail and the metaverse

While metaverse retail experiences have been fairly limited so far, with video from 2017 resurfacing this year showing an example of how shopping would be done in a hypothetical Walmart-themed metaverse, Flipkart and Polygon believe there is a great opportunity in the future for that. type of virtual shopping experience.

Sandeep Narwal, co-founder of Polygon, stated:

While we're just beginning to scratch the surface of what's possible in the metaverse, we see e-commerce as one of the defining use cases. Combining top brands with Flipkart's eCommerce expertise in a virtual environment revolutionizes online retail as we know it.

Walmart, which owns 72% of Flipkart, already made its first metaverse move into the Roblox universe in September, launching two experiences called “Walmart Land” and “Walmart’s Universe of Play.”