● India, as the rotating chair of the G20, will promote the formulation of a global encryption law framework

According to the Daily Planet, India is currently serving as the rotating chair of the G20. In a recent presidential statement, it announced that a "comprehensive document" jointly developed by the IMF and the Financial Stability Board (FSB) is expected to be released by the end of August.

According to a person familiar with the matter, India will push for a global encryption bill framework during the leaders' summit in early September, which may form a comprehensive document. Speaking at the G20 media briefing, Ajay Seth, a senior official of the Indian Ministry of Finance, said that the G20's universal regulations do not exclude any member country from banning encryption within its territory.

● Monetary Authority of Singapore finalizes regulatory framework for stablecoins

The Monetary Authority of Singapore (MAS) has finalized the regulatory framework for stablecoins, which takes into account feedback received after a public consultation in October 2022. It applies to single-currency stablecoins (SCS) pegged to the Singapore dollar or a G10 currency. Issuers must meet key requirements such as value stability, capital, redemption at par and disclosure. Only issuers that meet all requirements can apply to MAS for their stablecoins to be recognized and labeled as "MAS-regulated stablecoins". The label will enable users to distinguish MAS-regulated stablecoins from other digital payment tokens. Any false promotion of a token as a "MAS-regulated stablecoin" may be subject to penalties by MAS and be included in the investor alert list.

● Ethereum Foundation: A total of $9.218 million was allocated to 57 projects and activities in Q2

The Ethereum Foundation announced the funding for projects and activities under the second quarter of the “Ecosystem Support Program”, distributing a total of US$9,218,158.34 in funding to 57 projects.

● Skybridge Capital wrote to the SEC to promote the approval of Bitcoin spot ETF

Anthony Scaramucci, founder of Skybridge Capital, said on his Twitter account that Skybridge Capital has sent a letter to the SEC, hoping that the Bitcoin spot ETF will be approved as soon as possible. In addition, the letter also denied Grayscale's statement that "all Bitcoin spot ETF applications should be approved at the same time," and said that applications should be approved in the order in which they were submitted.

● Europe's first Bitcoin ETF is listed on Euronext Amsterdam

According to Decrypt, the Bitcoin ETF "Jacobi FT Wilshire Bitcoin ETF" launched by asset management company Jacobi Asset Management was listed on the Amsterdam Euronext on August 15. The ETF trading code is BCOIN. It is the first Bitcoin ETF launched in Europe and is regulated by the Guernsey Financial Services Commission (GFSC). Fidelity Digital Assets is responsible for the custody of the ETF, Flow Traders is the market maker, and Jane Street and DRW are authorized participants.

● Vitalik Buterin has obtained the Taiwan Employment Gold Card qualification

According to Chain News, at the "Plurality Taipei" event in Taiwan, Vitalik Buterin discussed in-depth topics such as the definition of the multiverse (Plurality), decentralized identity, the practice of the multiverse in on-chain communities, and Worldcoin with Taiwan's Minister of Digital Development Tang Feng. In addition, Taiwan's Minister of Digital Development Tang Feng revealed that Vitalik has obtained the Taiwan Employment Gold Card qualification.

It is reported that Taiwan's Golden Employment Card is a document that combines four certificates, including work permit, residence visa, alien residence card and re-entry permit. The validity period of the Golden Employment Card is 1 to 3 years. During the validity period, it provides qualified foreign talents with the convenience of freely seeking jobs, finding employment and changing jobs.

● Bank of America August survey: 60% of respondents expect interest rate cuts next year

According to a Bank of America survey of fund managers in August, 60% of respondents expected an interest rate cut next year, the highest proportion since November 2008, Jinshi reported.