🗞🗞🗞 Here are some crypto news and updates for today, November 3, 2023: 🔥🔥🔥
Metaverse Land Sales Slow Sharply Amid Crypto Bear Market: Sales of metaverse land have slowed sharply in recent months, as the crypto bear market has taken its toll. According to data from DappRadar, metaverse land sales fell by 97% in September compared to the same month in 2021.
South Korea to Launch Crypto Supervisory Body: South Korea is set to launch a new crypto supervisory body in 2024. The body will be responsible for overseeing the crypto market and protecting consumers.
Japan Passes Bill to Regulate Crypto as Financial Assets: Japan has passed a bill that will regulate crypto as financial assets. The bill is expected to come into effect in April 2023.
EU Parliament Approves Landmark Crypto Regulatory Framework: The European Parliament has approved a landmark crypto regulatory framework. The framework is known as Markets in Crypto Assets (MiCA) and is expected to come into effect in 2024.
Hong Kong to Launch Virtual Asset Service Provider Licensing Regime: Hong Kong is set to launch a new virtual asset service provider (VASP) licensing regime in 2024. The regime will require VASPs to obtain a license from the Securities and Futures Commission (SFC).
Brazil's Central Bank to Launch Digital Real in 2023: Brazil's central bank is set to launch a digital real in 2023. The central bank has been working on the digital real for several years and is now in the final stages of development.
El Salvador to Build 20 Bitcoin Mining Volcano Power Plants: El Salvador is set to build 20 bitcoin mining power plants that will be powered by volcanoes. The power plants will be used to mine bitcoin and other cryptocurrencies.
US Treasury Department to Release Report on Crypto Regulation: The US Treasury Department is set to release a report on crypto regulation in the coming weeks. The report is expected to provide guidance on how the US government plans to regulate the crypto market.
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