BlockchainMilestones
76,162 vues
22 Publications
Tendance
Récents
"Sometimes doing nothing is doing a lot" After you've done your part, just wait and watch... $BTC Stay with #Bitcoin Stay with #BlockchainMilestones
🌐 Exploring the Future of Web3 with #LayerZero Labs and #Nym Technologies 🚀
LayerZero Labs is pioneering innovation in the web3 space, reshaping the blockchain landscape. Its groundbreaking technology has given rise to a wave of extraordinary projects, from multi-chain swaps to efficient gas transfers. Among these, Nym Technologies SA stands out as a leader in web3 privacy infrastructure.
🔒 Nym's decentralized, incentivized, and open-source mixnet secures web3 communications, safeguarding data and protecting privacy. By encrypting and routing traffic through a network of mix nodes, it shields IP addresses, geolocation, and more from prying eyes.
🌐 Let's connect and explore the limitless possibilities of web3 security and innovation.
#Web3Advancements #web3 #BlockchainMilestones #PrivacyProtection #Innovation
LayerZero Labs is pioneering innovation in the web3 space, reshaping the blockchain landscape. Its groundbreaking technology has given rise to a wave of extraordinary projects, from multi-chain swaps to efficient gas transfers. Among these, Nym Technologies SA stands out as a leader in web3 privacy infrastructure.
🔒 Nym's decentralized, incentivized, and open-source mixnet secures web3 communications, safeguarding data and protecting privacy. By encrypting and routing traffic through a network of mix nodes, it shields IP addresses, geolocation, and more from prying eyes.
🌐 Let's connect and explore the limitless possibilities of web3 security and innovation.
#Web3Advancements #web3 #BlockchainMilestones #PrivacyProtection #Innovation
🌟 “Crypto: Painting the Future of Finance 🎨💰 Think of blockchain as a canvas, and each transaction as a brushstroke. We, as crypto enthusiasts, are the artists shaping the masterpiece of decentralized finance. What kind of ‘crypto art’ are you creating in this financial revolution? Share your vision!” 🖌️ #Cryptoart #BlockchainMilestones
Hey, guess what? BG Trade just announced their first-ever stock tokenization product!
It's backed by the shares of a Hong Kong-listed company called Zhi Fang International Holdings. The platform lets you convert stocks into tokens, and if you hold their platform token, BGT, you'll get to share in the future profits and dividends of the listed company. They even have this cool feature called 'Stock to Token-BG Trade' that uses ZKDID technology to keep user info secure while verifying token holders and stockholders. Exciting stuff, right? 🎉
#BTC #BlockchainMilestones #CryptoCurrents
It's backed by the shares of a Hong Kong-listed company called Zhi Fang International Holdings. The platform lets you convert stocks into tokens, and if you hold their platform token, BGT, you'll get to share in the future profits and dividends of the listed company. They even have this cool feature called 'Stock to Token-BG Trade' that uses ZKDID technology to keep user info secure while verifying token holders and stockholders. Exciting stuff, right? 🎉
#BTC #BlockchainMilestones #CryptoCurrents
A whale has transferred 7.09 million ARKM to Binance.
According to Scopescan monitoring, 1 hour ago, a user with the name "Multiply five plus zero" transferred 7.09 million ARKM (worth 2.67 million USD) to Binance. "Multiply five plus zero" still holds 3 million ARKM (worth 1.17 million USD).#BlockchainMilestones #ARKM/USDT $ARKM #BinanceBlockchainWeek $ARKM
According to Scopescan monitoring, 1 hour ago, a user with the name "Multiply five plus zero" transferred 7.09 million ARKM (worth 2.67 million USD) to Binance. "Multiply five plus zero" still holds 3 million ARKM (worth 1.17 million USD).#BlockchainMilestones #ARKM/USDT $ARKM #BinanceBlockchainWeek $ARKM
What is Celestia Blockchain and TIA token, contribution to web3 space, and its future!
Celestia is a Layer-1 blockchain that is designed to be the foundation for a new generation of modular rollups. It is designed to be secure, scalable, and cost-effective.Celestia solves the scalability trilemma by separating the data layer from the execution layer. This means that Celestia can focus on providing a secure and decentralized data layer, while rollups can focus on executing transactions.This separation of layers has a number of benefits, including:Scalability: Celestia can scale to support a large number of rollups, which means that it can handle a large number of transactions.Security: Celestia is designed to be secure, even if some of the rollups built on top of it fail.Cost-effectiveness: Celestia is designed to be cost-effective, which means that transaction fees on rollups built on top of it should be low.TIA TokenThe TIA token is the native cryptocurrency of the Celestia blockchain. It has a number of utilities, including:Paying for transaction fees: TIA is used to pay for transaction fees on the Celestia blockchain.Staking: TIA can be staked to secure the Celestia network and earn rewards.Governance: TIA holders will have the ability to vote on governance proposals for the Celestia blockchain.Contribution to Web3Celestia is making a number of important contributions to the Web3 space. First, it is providing a secure and scalable foundation for a new generation of modular rollups. This will help to make Web3 more accessible and affordable for everyone.Second, Celestia is helping to decentralize the Web3 ecosystem. By making it easier to build and deploy rollups, Celestia is helping to reduce the reliance on centralized Layer-2 solutions.Finally, Celestia is helping to advance the state of the art in blockchain technology. By separating the data layer from the execution layer, Celestia is making it possible to build more scalable and secure blockchains.Problem SolvingCelestia is solving a number of important problems in the Web3 space, including:Scalability: Celestia is helping to scale Web3 by providing a secure and scalable foundation for modular rollups.Cost-effectiveness: Celestia is helping to make Web3 more affordable by reducing transaction fees.Decentralization: Celestia is helping to decentralize the Web3 ecosystem by making it easier to build and deploy rollups.Security: Celestia is helping to make Web3 more secure by providing a secure and decentralized data layer.FutureCelestia is still under development, but it has the potential to be a major player in the Web3 space. If it is successful in delivering on its promises, it could help to make Web3 more accessible, affordable, secure, and decentralized.Here are some specific ways that Celestia could be used in the future:Gaming: Celestia could be used to build scalable and secure gaming platforms.Payments: Celestia could be used to build scalable and low-cost payment systems.Decentralized finance (DeFi): Celestia could be used to build scalable and secure DeFi applications.Social media: Celestia could be used to build scalable and decentralized social media platforms.Overall, Celestia is a promising project with the potential to make a significant impact on the Web3 space.#tia #BinanceSquareTalks #BinanceSquareTrends #BlockchainMilestones #CryptoLandscape
🚀 Blockchain's Big Bang: On Track for 100 Million Users by 2028 🌐
Imagine a world where "blockchain" isn't just a buzzword but a daily utility for 100 million users. That's the trajectory we're on, with a growth pattern that's not just surviving but thriving through market fluctuations. In the third quarter of 2023, blockchain's daily active addresses hit over 5 million, a 14% leap from the previous year. With a conservative growth estimate of 20% per quarter, we're looking at a future where blockchain's user base could rival the population of some countries!
But what's fueling this growth? A global shift is underway. Reports indicate a surge in blockchain spending, expected to balloon from $4.5 billion in 2020 to an estimated $19 billion by 2024. Insights from industry leaders highlight blockchain's potential across various sectors. And the latest stats are just as telling, with a significant portion of global executives considering blockchain "very important."
This isn't just about numbers; it's about value. With blockchain's ecosystem potentially valued between $5 trillion to $14 trillion at the 100 million user mark, we're witnessing a financial revolution. It's a narrative of growth that mirrors the rise of giants like PayPal, and it's happening at an unprecedented pace.
As I navigate this digital frontier, I'm curious: How do you see blockchain transforming your world in the next five years?
This isn't financial advice, but a conversation starter on blockchain's transformative journey. Engage with a like, comment, or tip, and let's explore this digital odyssey together.
#FutureIsCrypto #CryptoGoals #TechTrendsetter #GlobalDigitalShift #BlockchainMilestones
Remember, this content is for educational and engagement purposes only and is not financial advice. Let's keep the conversation going and the community growing
Here is the Binance news
Imagine a world where "blockchain" isn't just a buzzword but a daily utility for 100 million users. That's the trajectory we're on, with a growth pattern that's not just surviving but thriving through market fluctuations. In the third quarter of 2023, blockchain's daily active addresses hit over 5 million, a 14% leap from the previous year. With a conservative growth estimate of 20% per quarter, we're looking at a future where blockchain's user base could rival the population of some countries!
But what's fueling this growth? A global shift is underway. Reports indicate a surge in blockchain spending, expected to balloon from $4.5 billion in 2020 to an estimated $19 billion by 2024. Insights from industry leaders highlight blockchain's potential across various sectors. And the latest stats are just as telling, with a significant portion of global executives considering blockchain "very important."
This isn't just about numbers; it's about value. With blockchain's ecosystem potentially valued between $5 trillion to $14 trillion at the 100 million user mark, we're witnessing a financial revolution. It's a narrative of growth that mirrors the rise of giants like PayPal, and it's happening at an unprecedented pace.
As I navigate this digital frontier, I'm curious: How do you see blockchain transforming your world in the next five years?
This isn't financial advice, but a conversation starter on blockchain's transformative journey. Engage with a like, comment, or tip, and let's explore this digital odyssey together.
#FutureIsCrypto #CryptoGoals #TechTrendsetter #GlobalDigitalShift #BlockchainMilestones
Remember, this content is for educational and engagement purposes only and is not financial advice. Let's keep the conversation going and the community growing
Here is the Binance news
Cryptocurrency writer blocked from buying BTC, but bank gave no specific reason
Cryptocurrency writer Scott Dedels said on X that a bank blocked two Bitcoin transactions without giving any "concrete" reason. Dedels now wants people to be able to withdraw their funds, saying financial institutions should not have control over how customers decide how to use their money. #BlockchainMilestones #BTC #BullRun $BTC #CryptocurrencyManagement
Cryptocurrency writer Scott Dedels said on X that a bank blocked two Bitcoin transactions without giving any "concrete" reason. Dedels now wants people to be able to withdraw their funds, saying financial institutions should not have control over how customers decide how to use their money. #BlockchainMilestones #BTC #BullRun $BTC #CryptocurrencyManagement
🎉 Litecoin's 12th Anniversary: A Hashrate Milestone You Can't Ignore! 🎉
Hey, it's Linkan! 🙌 Are you ready for some groundbreaking news? Litecoin ($LTC ) just turned 12 and set a new record with a network hashrate of 1.1 petahashes per second (PH/s)! 🚀
Why Should You Care? 🤔
A high network hashrate means stronger blockchain security. Litecoin's hashrate has skyrocketed from 1 terahash per second (TH/s) in 2014 to over 750 TH/s this year. That's not just growth; that's a crypto evolution! 📈
It's Not Just About Security 🌟
Litecoin's network has processed an astounding 180 million transactions. On-chain analytics show a surge in address activity and whale transactions this October. 🐳
Price Check! 💰
Despite these milestones, Litecoin's price is consolidating, peaking at $72.45 and then dropping to $69.44. 📉
So, are you ready to jump on the Litecoin bandwagon or are you still weighing your options? Let me know! 👇
🔗 #Litecoin12Years #BinanceSquare #CryptoSecurity #AltcoinNews #BlockchainMilestones
Disclaimer: This content is not financial advice. Conduct your own research before investing.
Hey, it's Linkan! 🙌 Are you ready for some groundbreaking news? Litecoin ($LTC ) just turned 12 and set a new record with a network hashrate of 1.1 petahashes per second (PH/s)! 🚀
Why Should You Care? 🤔
A high network hashrate means stronger blockchain security. Litecoin's hashrate has skyrocketed from 1 terahash per second (TH/s) in 2014 to over 750 TH/s this year. That's not just growth; that's a crypto evolution! 📈
It's Not Just About Security 🌟
Litecoin's network has processed an astounding 180 million transactions. On-chain analytics show a surge in address activity and whale transactions this October. 🐳
Price Check! 💰
Despite these milestones, Litecoin's price is consolidating, peaking at $72.45 and then dropping to $69.44. 📉
So, are you ready to jump on the Litecoin bandwagon or are you still weighing your options? Let me know! 👇
🔗 #Litecoin12Years #BinanceSquare #CryptoSecurity #AltcoinNews #BlockchainMilestones
Disclaimer: This content is not financial advice. Conduct your own research before investing.
According to reports, a whale spent $4.5 million to purchase 2.51 million ARB tokens and 1.65 trillion PEPE tokens. They have already gained over $330,000 in profit.
According to Lookonchain monitoring, a whale with 10,080 ETH (worth $19.4 million) spent 1,433 ETH (equivalent to $2.6 million) at $1.045 per token to purchase 2.51 million ARB tokens. They also spent 1,038 ETH (worth $1.9 million) at $0.000001154 per token to buy 1.65 trillion PEPE tokens. Currently, this whale has earned $177,000 (+7%) on ARB and $159,000 (+8%) on PEPE.#BlockchainMilestones #PEPE🔥🔥 #ARB #BinanceBlockchainWeek #eth $ETH $PEPE $ARB
According to Lookonchain monitoring, a whale with 10,080 ETH (worth $19.4 million) spent 1,433 ETH (equivalent to $2.6 million) at $1.045 per token to purchase 2.51 million ARB tokens. They also spent 1,038 ETH (worth $1.9 million) at $0.000001154 per token to buy 1.65 trillion PEPE tokens. Currently, this whale has earned $177,000 (+7%) on ARB and $159,000 (+8%) on PEPE.#BlockchainMilestones #PEPE🔥🔥 #ARB #BinanceBlockchainWeek #eth $ETH $PEPE $ARB
India Blockchain Week (IBW)Sandeep Nailwal, Mo Shaikh, Dr. Emin and Justin Sun as Speakers (2 Nov)
India Blockchain Week (IBW), the country’s flagship series of blockchain and Web3 events held in Bangalore from Dec.4-10, is thrilled to announce the speaker lineup for the main IBW Conference. The conference’s headline speakers include Polygon Co-Founder Sandeep Nailwal, Aptos Co-Founder Mo Shaikh, Ava Labs Founder & CEO Dr. Emin Gün Sirer, TRON Co-Founder Justin Sun, and The Sandbox Co-Founder Sebastien Borget.
Additional notable speakers will be Rene Reinsberg (Co-Founder of Celo) Prabhakar Reddy (Co-Founder of FalconX), Aniket Jindal (Co-Founder of Biconomy), Zhen Yu Young (Co-Founder of Web3Auth), Irene Wu (Head of Strategy at LayerZero), Manish Agarwal (CEO at IndiGG), Dr. Kang Li (Chief Security Officer at Certik), Simon Kim (CEO & Managing Partner at Hashed), Kelvin Koh (Co-Founder & Managing Partner of Spartan) among many others.
Taking place at the Sheraton Grand in Bangalore on December 6-7, the IBW’23 Conference will have 100+ innovators, entrepreneurs, decision-makers and thought leaders across the entire spectrum of the blockchain industry engaged in keynote speeches, panel discussions, fireside chats, and moderated debates. For example:#
#BlockchainMilestones #CryptoBears #CryptoNews🔒📰🚫 #BinanceSquareTalks ##IndiaCrypto $BTC $XRP $USDC
India Blockchain Week (IBW), the country’s flagship series of blockchain and Web3 events held in Bangalore from Dec.4-10, is thrilled to announce the speaker lineup for the main IBW Conference. The conference’s headline speakers include Polygon Co-Founder Sandeep Nailwal, Aptos Co-Founder Mo Shaikh, Ava Labs Founder & CEO Dr. Emin Gün Sirer, TRON Co-Founder Justin Sun, and The Sandbox Co-Founder Sebastien Borget.
Additional notable speakers will be Rene Reinsberg (Co-Founder of Celo) Prabhakar Reddy (Co-Founder of FalconX), Aniket Jindal (Co-Founder of Biconomy), Zhen Yu Young (Co-Founder of Web3Auth), Irene Wu (Head of Strategy at LayerZero), Manish Agarwal (CEO at IndiGG), Dr. Kang Li (Chief Security Officer at Certik), Simon Kim (CEO & Managing Partner at Hashed), Kelvin Koh (Co-Founder & Managing Partner of Spartan) among many others.
Taking place at the Sheraton Grand in Bangalore on December 6-7, the IBW’23 Conference will have 100+ innovators, entrepreneurs, decision-makers and thought leaders across the entire spectrum of the blockchain industry engaged in keynote speeches, panel discussions, fireside chats, and moderated debates. For example:#
#BlockchainMilestones #CryptoBears #CryptoNews🔒📰🚫 #BinanceSquareTalks ##IndiaCrypto $BTC $XRP $USDC
INSIDER UPDATE
Blockchain investments hit $553M across 126 deals last month, signaling a 16% dip in funding and 20% fewer deals than September.
#etf #ETH #BTC #BullRun #BlockchainMilestones
Blockchain investments hit $553M across 126 deals last month, signaling a 16% dip in funding and 20% fewer deals than September.
#etf #ETH #BTC #BullRun #BlockchainMilestones
A giant whale withdrew more than 270,000 AAVE from Binance in the past 2 days, approximately US$26.5 million
According to data monitored by Lookonchain, a whale has withdrawn 274,236 AAVE ($26.5 million) from Binance in the past 2 days. Became the 10th largest holder of AAVE and the largest individual holder of AAVE. #BlockchainMilestones #AAVEAlert $AAVE
According to data monitored by Lookonchain, a whale has withdrawn 274,236 AAVE ($26.5 million) from Binance in the past 2 days. Became the 10th largest holder of AAVE and the largest individual holder of AAVE. #BlockchainMilestones #AAVEAlert $AAVE
October was incredible! 🔥 Let’s take a moment to reflect on the strides we’ve made and peek into the exciting road ahead 😉
FIO’s Digital Milestones 💻
⚡ FIO App Evolution: Experience enhanced functionality at our new home, app.fio.net
⚡ Dashboard Enhancements: We’ve streamlined the app and squashed bugs for a seamless user experience
⚡ @fearless & @boo Domains: We opened up these unique domains, blending cause support with festive fun, and dished out FIO tokens to the lucky winners.
Exclusive Domain Access & Giveaway 🏆
⚡ Giveaway Reminder: Make sure you’ve got your custom FIO handle ready to go! Remember, your FIO handle is structured as ‘username@domain’, and it’s that second part — the ‘@domain’ — that we’re excited to see. This unique feature is what makes your FIO handle customizable and sets you apart.
⚡ The campaign wraps up on November 23rd, so get all the details here and participate!
Global Presence & Partnerships 🌏✈️
⭐ Marie & Wayne on Tour: From Dubai’s Blockchain Economy Summit to music and crypto meetups, we’ve been connecting and growing our community.Partner Campaigns: We participated in the Earn & Partners giveaway
A Celebration of Roots 🎉
⚡ Bitcoin White Paper Anniversary: We tipped our hats to 15 years since the blueprint for cryptocurrencies was penned.
Join us as we continue to innovate and integrate Web3 into various spheres, making the crypto experience more accessible. Your journey into the future of web3 starts with FIO!
#btc #FioProtocol #domains #Web3Future #BlockchainMilestones
FIO’s Digital Milestones 💻
⚡ FIO App Evolution: Experience enhanced functionality at our new home, app.fio.net
⚡ Dashboard Enhancements: We’ve streamlined the app and squashed bugs for a seamless user experience
⚡ @fearless & @boo Domains: We opened up these unique domains, blending cause support with festive fun, and dished out FIO tokens to the lucky winners.
Exclusive Domain Access & Giveaway 🏆
⚡ Giveaway Reminder: Make sure you’ve got your custom FIO handle ready to go! Remember, your FIO handle is structured as ‘username@domain’, and it’s that second part — the ‘@domain’ — that we’re excited to see. This unique feature is what makes your FIO handle customizable and sets you apart.
⚡ The campaign wraps up on November 23rd, so get all the details here and participate!
Global Presence & Partnerships 🌏✈️
⭐ Marie & Wayne on Tour: From Dubai’s Blockchain Economy Summit to music and crypto meetups, we’ve been connecting and growing our community.Partner Campaigns: We participated in the Earn & Partners giveaway
A Celebration of Roots 🎉
⚡ Bitcoin White Paper Anniversary: We tipped our hats to 15 years since the blueprint for cryptocurrencies was penned.
Join us as we continue to innovate and integrate Web3 into various spheres, making the crypto experience more accessible. Your journey into the future of web3 starts with FIO!
#btc #FioProtocol #domains #Web3Future #BlockchainMilestones
🌐 "Crypto: Building Bridges, Breaking Barriers 🌉🚀 In the world of blockchain, we're not just investors; we're architects of a borderless future. Each crypto transaction is a brick, each blockchain a bridge. What bridges are you building in the crypto world? Share your crypto visions! 🏗️ #CryptoTargets #BlockchainMilestones "
Elon Musk’s AI company xAI launches integrated development environment PromptIDE
According to news on November 7, xAI, Elon Musk’s AI company, announced the launch of xAI PromptIDE, an integrated development environment for prompt engineering and interpretability research. It accelerates prompting engineering through an SDK that allows for complex prompting techniques and rich analysis functions to enable network output visualization. #BlockchainMilestones #ElonMuskTalks #BullRun #XAI
According to news on November 7, xAI, Elon Musk’s AI company, announced the launch of xAI PromptIDE, an integrated development environment for prompt engineering and interpretability research. It accelerates prompting engineering through an SDK that allows for complex prompting techniques and rich analysis functions to enable network output visualization. #BlockchainMilestones #ElonMuskTalks #BullRun #XAI
🚀 It's Week 5 of the #BNBChainAirdrop Marathon! Exciting news: Mindnetwork, Skyark, and Cellula are now up and running! 🌟
Prepare for amazing token rewards and unforgettable journeys! Take the plunge and discover the boundless potential of these projects! 🔥
Explore more: https://dappbay.bnbchain.org/campaign/bnb-chain-airdrop-marathon
#BNBecosystem #BBW2023 #Stablecoins #BlockchainMilestones
Prepare for amazing token rewards and unforgettable journeys! Take the plunge and discover the boundless potential of these projects! 🔥
Explore more: https://dappbay.bnbchain.org/campaign/bnb-chain-airdrop-marathon
#BNBecosystem #BBW2023 #Stablecoins #BlockchainMilestones
Binance will list Ordinals (ORDI) and add a seed tag to it
According to Binance’s official announcement, Binance will launch Ordinals (ORDI) at 18:00 on November 7 (Eastern Eighth District time), and open spot trading pairs ORDI/BTC, ORDI/USDT, and ORDI/TRY. Seed tags will apply to ORDI. #BlockchainMilestones #ordinals #ORDI $ordi
According to Binance’s official announcement, Binance will launch Ordinals (ORDI) at 18:00 on November 7 (Eastern Eighth District time), and open spot trading pairs ORDI/BTC, ORDI/USDT, and ORDI/TRY. Seed tags will apply to ORDI. #BlockchainMilestones #ordinals #ORDI $ordi
Kenyan Government Empowers Blockchain Association to Draft Groundbreaking Cryptocurrency Regulation Bill
The Kenyan government has taken a significant step towards regulating cryptocurrencies by instructing the Blockchain Association of Kenya (BAK) to spearhead the drafting of the country's inaugural comprehensive cryptocurrency regulation bill.
Following a summons by the Departmental Committee on Finance and National Planning on October 31, BAK’s representatives engaged in discussions about the regulation of digital assets. According to Allan Kakai, BAK's legal and policy director, the committee provided the association with a two-month timeframe to formulate the bill, citing concerns that Kenya risked losing capital inflows to other African countries with clearer crypto frameworks.
This directive represents the first instance of a Kenyan parliamentary committee assigning an industry association the task of drafting legislation for potential approval and review. Kakai emphasized that previous directives of this nature had never been issued to associations representing banks, fintech, or digital lenders in the past.
The move for legislation follows the introduction of a 3% tax on crypto transfers and exchanges under the Financial Act 2023 in September, a move fiercely contested by BAK earlier this year and currently being legally challenged in the High Court of Kenya.
Amidst a recent hardline stance on cryptocurrencies, some Kenyan officials have called for the suspension of the contentious digital ID crypto project Worldcoin over privacy concerns, despite it being co-founded by OpenAI CEO Sam Altman.
To keep pace with Nigeria, South Africa, and other African nations in formulating crypto regulations, the MPs have urged BAK to simplify digital assets and assist Kenya in becoming a trailblazer in the "Silicon Savannah." Additionally, the association has been tasked with prioritizing robust public education in its draft bill.
$BTC $BNB $ETH
#NewsAlert #CryptoCurrents #BlockchainMilestones #educational #BTC
The Kenyan government has taken a significant step towards regulating cryptocurrencies by instructing the Blockchain Association of Kenya (BAK) to spearhead the drafting of the country's inaugural comprehensive cryptocurrency regulation bill.
Following a summons by the Departmental Committee on Finance and National Planning on October 31, BAK’s representatives engaged in discussions about the regulation of digital assets. According to Allan Kakai, BAK's legal and policy director, the committee provided the association with a two-month timeframe to formulate the bill, citing concerns that Kenya risked losing capital inflows to other African countries with clearer crypto frameworks.
This directive represents the first instance of a Kenyan parliamentary committee assigning an industry association the task of drafting legislation for potential approval and review. Kakai emphasized that previous directives of this nature had never been issued to associations representing banks, fintech, or digital lenders in the past.
The move for legislation follows the introduction of a 3% tax on crypto transfers and exchanges under the Financial Act 2023 in September, a move fiercely contested by BAK earlier this year and currently being legally challenged in the High Court of Kenya.
Amidst a recent hardline stance on cryptocurrencies, some Kenyan officials have called for the suspension of the contentious digital ID crypto project Worldcoin over privacy concerns, despite it being co-founded by OpenAI CEO Sam Altman.
To keep pace with Nigeria, South Africa, and other African nations in formulating crypto regulations, the MPs have urged BAK to simplify digital assets and assist Kenya in becoming a trailblazer in the "Silicon Savannah." Additionally, the association has been tasked with prioritizing robust public education in its draft bill.
$BTC $BNB $ETH
#NewsAlert #CryptoCurrents #BlockchainMilestones #educational #BTC
TON just became the fastest blockchain in the world. Clocking 104,714 Transactions Per Second: t.me/toncoin/1044
#BlockchainMilestones #TonNetwork
#BlockchainMilestones #TonNetwork
