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      "body": "Hi @ubongudofot, you mean this post, https://steemit.com/hive-172186/@emergingcrypto/achievement-1-introduction-to-newcomers-community-or-17-02-2023-or-emergingcrypto\n\nDo I need to attach the intro post to every new post in a community?\n\nThanks for your help!",
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      "author": "emergingcrypto",
      "body": "![318 Cover Wide.jpg](https://cdn.steemitimages.com/DQmW8QnLKBUmFE3TAC7mCwXdTnQsBPWTXuJH155H8mU8Mh1/318%20Cover%20Wide.jpg)\n\nThis is the EmergingCrypto.io weekly update. Want to receive this weekly in your email inbox? Then [tap here to sign up](https://www.emergingcrypto.io)\n\nEmergingCrypto.io is the🌍's only weekly newspaper dedicated to web3 news from emerging markets. 🤖Connect with us across the web here👉https://linktr.ee/emergingcrypto.io\n\n## In This Issue\n### Eastern Europe\n🔸Russian Financial Intelligence Monitors Over 25,000 Crypto Users\n🔸Russian Brokers Use Stablecoins to Evade Sanctions and Compliance\n\n### Latin America and the Caribbean\n🔸Brazil's CBDC to Change Business Model of Brazilian Financial System\n🔸El Salvador Launches Bitcoin Development Program for University Students\n\n### Africa\n🔸African Fintech Backed By Silicon Valley Bank and FTX Denies Sale Rumors\n🔸Due to Widespread Unrest, Nigeria’s Central Bank Extends Use of Old Bank Notes Amid Cash Shortages\n\n### Asia\n🔸UAE and India Collaborate to Explore Cross-Border CBDC Transactions\n🔸South Korea Backs Local Metaverse Companies With $30M Investment Fund\n\nRather watch than read? Check out our [weekly update videos](https://www.youtube.com/playlist?list=PLlhy_aiZiL3I8LnWb-E0TnyKAk-ACO3_Z) and [podcast](https://www.youtube.com/playlist?list=PLlhy_aiZiL3JkuQrMoBEruIAltzCGgItX) on [YouTube](https://YouTube.com/@EmergingCrypto)!\n\n[![YT 4 Weekly Update Cover Square.jpg](https://cdn.steemitimages.com/DQmaHrPSRKVUqrPBbMBxzVxkDNAndzrbgZz3JQrpy4Zbdg2/YT%204%20Weekly%20Update%20Cover%20Square.jpg)](https://YouTube.com/@EmergingCrypto)\n\n## Eastern Europe\n\n\n![1 - Midjourney - aweaver760_dystopia_russian_state_security_agent_monitoring_end_2953738f-7c11-4788-aec0-1c21a0979a3a.png](https://cdn.steemitimages.com/DQme3XxfTPTFDn1AM6D1MNdyXRLegKfGRHHPNxFrVstuT4P/1%20-%20Midjourney%20-%20aweaver760_dystopia_russian_state_security_agent_monitoring_end_2953738f-7c11-4788-aec0-1c21a0979a3a.png)\n\nImage Credit: Midjourney\n\n[Russian Financial Intelligence Monitors Over 25,000 Crypto Users (1 Minute Read, Russian)](https://tass.ru/ekonomika/17227663)\n\nRosfinmonitoring, the financial intelligence agency of Russia, is monitoring over 25,000 participants' cryptocurrency transactions, with about 120 investigations carried out, and 60 criminal cases initiated, according to the agency's head, Yury Chikhanchin. He highlighted the importance of Transparent Blockchain, a software product that helped close down the Hydra dark web site, which dealt in drug trafficking, weapons, and money laundering. Testing of Transparent Blockchain is underway in Russia's Ministry of Internal Affairs and Federal Security Service.\n\n[Russian Brokers Use Stablecoins to Evade Sanctions and Compliance (4 minute read)](https://www.coindesk.com/consensus-magazine/2023/03/15/ukraine-russia-sanctions-tether/)\n\nDespite being cut off from SWIFT, Russian money is still finding ways to move between Russia and the West using stablecoins. Transparency International, a global anti-corruption NGO, has found at least eight over-the-counter brokers in Moscow that can sell tens of thousands of dollars in stablecoins for cash and then exchange them in the UK for pounds sterling, all without requiring any know-your-customer paperwork. Transparency International's investigation shows that political sanctions are not always effective in completely stopping the flow of unidentified funds from punished jurisdictions.\n\nWant more Eastern Europe news?\n•[The State Duma Committee recommended the adoption of the bill on the digital ruble in the first reading (Russian)](https://tass.ru/ekonomika/17249071)\n•[The digital ruble is getting closer to wallets: when will Russians be able to pay with virtual currency? (Russian)](https://tass.ru/makroekonomika/17238669)\n•[The Central Bank sees no risks of liquidity outflow in connection with the introduction of the digital ruble (Russian)](https://tass.ru/ekonomika/17297467)\n•[The volume of CFA emission in the Russian Federation reached 2 billion rubles (Russian)](https://forklog.com/news/obem-emissii-tsfa-v-rf-dostig-2-mlrd-rublej)\n•[Sberbank says blockchain will help solve settlement problems (Russian)](https://www.interfax.ru/business/890913)\n\n## Latin America and the Caribbean\n\n\n![2 - Brazil - Midjourney.jpg](https://cdn.steemitimages.com/DQmQ8BbA35iRE5mNaqugS5PtR5m1Gri2vJFyVZvVLCjdFhV/2%20-%20Brazil%20-%20Midjourney.jpg)\n\nImage Credit: Midjourney\n\n[Brazil's CBDC to Change Business Model of Brazilian Financial System (3 minute read, Portuguese)](https://www.blocknews.com.br/financas/febraban-cria-novo-grupo-sobre-real-digital-para-dar-suas-opinioes-ao-banco-central/?utm_source=rss&utm_medium=rss&utm_campaign=febraban-cria-novo-grupo-sobre-real-digital-para-dar-suas-opinioes-ao-banco-central)\n\nThe Brazilian Federation of Banks (Febraban) has formed a new working group of 15 banks to provide feedback on the digital real, specifically with regards to security, interoperability, and scalability. The central bank of Brazil has presented a new version of the currency that will change the business model of the country’s financial system, with the use of its digital currency for wholesale operations between institutions. The initiative includes banks issuing tokens backed by bank deposits as stablecoins, which offers a range of opportunities for other products and services in the financial system.\n\n[El Salvador Launches Bitcoin Development Program for University Students (3 minute read, Spanish)](https://www.criptonoticias.com/comunidad/el-salvador-lanza-programa-universitario-desarrolladores-bitcoin-lightning/)\n\nThe El Salvador Bitcoin Office has launched CUBO+, an advanced Bitcoin engineering program that aims to train Bitcoin Lightning network developers through the Salvadoran university system. The program is fully funded by cryptocurrency sector companies, including Tether and Fulgur Ventures, and will support a small group of outstanding students from the main universities in El Salvador, all under 25 years of age. The first group will belong to the University of Don Bosco, with the intention of expanding the program in the coming years to include other universities and high schools throughout El Salvador.\n\nWant more Latin America and Caribbean news?\n•[Brazil and Italy sign an agreement that includes the development of joint projects in blockchain and artificial intelligence in agriculture (Portuguese)](https://cointelegraph.com.br/news/brazil-and-italy-sign-an-agreement-that-includes-the-development-of-joint-projects-in-blockchain-and-artificial-intelligence)\n•[Cuba positively assessed Russia's proposal to use the digital peso (Russian)](https://www.rbc.ru/crypto/news/641057299a794783011aeb90)\n•[‘Not everyone is ready for Web3,’ says Yandex executive (Portuguese)](https://cointelegraph.com.br/news/we-are-open-to-news-but-there-are-still-many-questions-about-nfts-says-yandex-executive)\n•[Developer of Brazilian blockchain game set in Rio favela launches collection of NFTs of game characters (Portuguese)](https://cointelegraph.com.br/news/brazilian-blockchain-game-set-in-rio-favela-launches-collection-of-game-character-nfts)\n•[Brazilian exchanges say they have no exposure to ‘crypto-friendly banks’ that collapsed in the US (Portuguese)](https://cointelegraph.com.br/news/brazilian-exchanges-say-they-have-no-exposure-to-the-crypto-friendly-banks-that-collapsed-in-the-us)\n\n## Africa\n\n\n![3 - Mid Journey Chipper Cash.jpg](https://cdn.steemitimages.com/DQmVSH8uBzSpUg8g6Um1t5mCsBqC3W6Uz7qxhpDnKH26viD/3%20-%20Mid%20Journey%20Chipper%20Cash.jpg)\n\nImage Credit: Midjourney\n\n[African Fintech Backed By Silicon Valley Bank and FTX Denies Sale Rumors (1 minute read)](https://www.bloomberg.com/news/articles/2023-03-14/fintech-startup-financed-by-svb-ftx-is-said-to-weigh-a-sale)\n\nAfrica-focused fintech Chipper Cash, which raised $250m in a funding round led by Silicon Valley Bank (SVB) and FTX last year, has denied reports this week from unnamed sources that the company is weighing options including exploring a sale or seeking new investors. Also a banking client of SVB, Chipper Cash's CEO released a statement that the company's exposure to the failed US bank was \"[very limited](https://chippercash.com/blog/statement-on-svb-from-haM)\" and held \"only about $1M\" in their SVB accounts. SVB owns approximately 2% of Chipper Cash.\n\n[Due to Widespread Unrest, Nigeria’s Central Bank Extends Use of Old Bank Notes Amid Cash Shortages (1 minute read)](https://www.reuters.com/world/africa/nigeria-central-bank-says-old-naira-notes-still-legal-tender-2023-03-14/)\n\nNigeria's central bank has announced it will continue to allow the use of old banknotes until the end of the year to comply with a recent court order. Due to a shortage of cash, the Supreme Court instructed the Central Bank of Nigeria to extend the use of the old 1,000, 500, and 200 naira notes, which were initially withdrawn from circulation. [As we reported last week](https://emergingcrypto.beehiiv.com/p/supporting-diversity-blockchain-nigerian-vc-firm-launches-8m-funD), the shortage of cash has been due to restrictions aimed at pushing Nigeria towards a cashless economy, including spurring adoption of the country's central bank digital currency.\n\nWant more Africa news?\n•[16 Women-Led Healthcare Firms in Africa to Receive Business and Funding Support from WinFund NFTs Collection – an Initiative by Reckitt](https://bitcoinke.io/2023/03/winfund-nfts-collection/)\n•[Web3 Clubs Second Cohort Kicks Off to Train Kenyan Developers on How to Build dApps on Ethereum Blockchain](https://bitcoinke.io/2023/03/web3-clubs-launches-second-cohort/)\n•[Mauritius enforces crypto licensing in a bid to promote adoption](https://web3africa.news/2023/03/16/news/mauritius-crypto-ecosystem-establishing-valid-crypto-laws/)\n•[African women leading a technological revolution in blockchain](https://web3africa.news/2023/03/16/news/african-women-in-blockchain/)\n•[Cassava Network Partners with Unipass to increase Africa’s crypto adoption](https://web3africa.news/2023/03/14/news/african-based-web3-platform-with-unipass-to-improve-africas-crypto-adoption/)\n\n## Asia\n\n\n![India UAE.jpg](https://cdn.steemitimages.com/DQmTHJzxPgchfpZVvFUNJ3xfwYCT3dCZcTLNBSYSTsbyLqb/India%20UAE.jpg)\n\nImage Credit: Jdx and Anomie via Wikimedia Commons\n\n[UAE and India Collaborate to Explore Cross-Border CBDC Transactions (1 minute read)](https://www.unlock-bc.com/98698/uae-and-india-strengthen-economic-ties-through-joint-experimentation-with-cbdcs/)\n\nThe Central Bank of the United Arab Emirates (CBUAE) and the Reserve Bank of India (RBI) have signed an Memorandum of Understanding (MoU) to explore collaboration and cooperation in the field of financial technology (FinTech), particularly in the areas of Central Bank Digital Currencies (CBDCs) and interoperability between them. The two central banks plan to conduct proof-of-concept and pilot projects to establish a bilateral CBDC bridge to facilitate cross-border CBDC transactions like remittances and trade, as well as to share knowledge and expertise on emerging trends, regulations, and policies related to FinTech, financial products, services. The goal of the MoU is to promote joint experimentation with CBDCs and digital innovation initiatives between the CBUAE and the RBI.\n\n[South Korea Backs Local Metaverse Companies With $30M Investment Fund (2 minute read)](https://blockchain.news/news/south-korea-invests-in-metaverse-fund-for-economic-growth)\n\nThe South Korean government has invested 24 billion Korean won ($18.1 million) to create a fund of more than 40 billion Korean won ($30.2 million) for metaverse development. The Metaverse Fund aims to help Korean projects raise capital and compete with major tech companies, which have shown increasing interest in the metaverse. By supporting local companies and investing in the development of the metaverse ecosystem, South Korea is positioning itself to be a leader in this emerging field.\n\nWant more Asia news?\n•[Nissan Makes a Move into Web3 with New Trademarks, Tests Car Sales in the Metaverse](https://www.unlock-bc.com/98548/nissan-makes-a-move-into-web3-with-new-trademarks-tests-car-sales-in-the-metaverse/)\n•[Wallet Tied to Euler Exploit Sends 100 Ether to Lazarus Group](https://www.coindesk.com/markets/2023/03/17/wallet-tied-to-euler-exploit-sends-100-ether-to-lazarus-group/)\n•[Nuqtah Secures Seed Funding from Polygon and Animoca Brands](https://www.unlock-bc.com/98678/nuqtah-secures-seed-funding-from-polygon-and-animoca-brands/)\n•[KuCoin leads $10M funding for Chinese yuan stablecoin issuer](https://cointelegraph.com/news/kucoin-leads-10m-funding-for-chinese-yuan-stablecoin-issuer)\n•[Revolutionizing Digital Assets: Inside HAYVN’s Vision for the Future](https://www.unlock-bc.com/98735/revolutionizing-digital-assets-inside-hayvns-vision-for-the-future/)c\n\n\n## Thanks for reading and have a great week ahead!\n\n## What did you think of today's newspaper?\n[Awesome](https://docs.google.com/forms/d/1vpC-yv-MFNDhEQZK-2BrcW0E1UG6aWvMYM_pClY9XZg/edit) I [Great](https://docs.google.com/forms/d/1vpC-yv-MFNDhEQZK-2BrcW0E1UG6aWvMYM_pClY9XZg/edit) I [Good](https://docs.google.com/forms/d/1vpC-yv-MFNDhEQZK-2BrcW0E1UG6aWvMYM_pClY9XZg/edit) I [Okay](https://docs.google.com/forms/d/1vpC-yv-MFNDhEQZK-2BrcW0E1UG6aWvMYM_pClY9XZg/edit) I [Bad](https://docs.google.com/forms/d/1vpC-yv-MFNDhEQZK-2BrcW0E1UG6aWvMYM_pClY9XZg/edit)\n\nIf you have any comments or feedback, leave a comment below!\n\nWant to receive this weekly in your email inbox? Then [tap here to sign up](https://EmergingCrypto.io)\n\nWritten by Jon Lira, Founder of EmergingCrypto.io. Connect with him on [LinkedIn](https://LinkedIn.com/in/jonlira).\n\n🤖Connect with us across the web here👉https://linktr.ee/emergingcrypto.io",
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      "body": "![318 Cover Wide.jpg](https://cdn.steemitimages.com/DQmW8QnLKBUmFE3TAC7mCwXdTnQsBPWTXuJH155H8mU8Mh1/318%20Cover%20Wide.jpg)\n\nThis is the EmergingCrypto.io weekly update. Want to receive this weekly in your email inbox? Then [tap here to sign up](https://www.emergingcrypto.io)\n\nEmergingCrypto.io is the🌍's only weekly newspaper dedicated to web3 news from emerging markets. 🤖Connect with us across the web here👉https://linktr.ee/emergingcrypto.io\n\n## In This Issue\n### Eastern Europe\n🔸Russian Financial Intelligence Monitors Over 25,000 Crypto Users\n🔸Russian Brokers Use Stablecoins to Evade Sanctions and Compliance\n\n### Latin America and the Caribbean\n🔸Brazil's CBDC to Change Business Model of Brazilian Financial System\n🔸El Salvador Launches Bitcoin Development Program for University Students\n\n### Africa\n🔸African Fintech Backed By Silicon Valley Bank and FTX Denies Sale Rumors\n🔸Due to Widespread Unrest, Nigeria’s Central Bank Extends Use of Old Bank Notes Amid Cash Shortages\n\n### Asia\n🔸UAE and India Collaborate to Explore Cross-Border CBDC Transactions\n🔸South Korea Backs Local Metaverse Companies With $30M Investment Fund\n\nRather watch than read? Check out our [weekly update videos](https://www.youtube.com/playlist?list=PLlhy_aiZiL3I8LnWb-E0TnyKAk-ACO3_Z) and [podcast](https://www.youtube.com/playlist?list=PLlhy_aiZiL3JkuQrMoBEruIAltzCGgItX) on [YouTube](https://YouTube.com/@EmergingCrypto)!\n\n[![YT 4 Weekly Update Cover Square.jpg](https://cdn.steemitimages.com/DQmaHrPSRKVUqrPBbMBxzVxkDNAndzrbgZz3JQrpy4Zbdg2/YT%204%20Weekly%20Update%20Cover%20Square.jpg)](https://YouTube.com/@EmergingCrypto)\n\n## Eastern Europe\n\n\n![1 - Midjourney - aweaver760_dystopia_russian_state_security_agent_monitoring_end_2953738f-7c11-4788-aec0-1c21a0979a3a.png](https://cdn.steemitimages.com/DQme3XxfTPTFDn1AM6D1MNdyXRLegKfGRHHPNxFrVstuT4P/1%20-%20Midjourney%20-%20aweaver760_dystopia_russian_state_security_agent_monitoring_end_2953738f-7c11-4788-aec0-1c21a0979a3a.png)\n\nImage Credit: Midjourney\n\n[Russian Financial Intelligence Monitors Over 25,000 Crypto Users (1 Minute Read, Russian)](https://tass.ru/ekonomika/17227663)\n\nRosfinmonitoring, the financial intelligence agency of Russia, is monitoring over 25,000 participants' cryptocurrency transactions, with about 120 investigations carried out, and 60 criminal cases initiated, according to the agency's head, Yury Chikhanchin. He highlighted the importance of Transparent Blockchain, a software product that helped close down the Hydra dark web site, which dealt in drug trafficking, weapons, and money laundering. Testing of Transparent Blockchain is underway in Russia's Ministry of Internal Affairs and Federal Security Service.\n\n[Russian Brokers Use Stablecoins to Evade Sanctions and Compliance (4 minute read)](https://www.coindesk.com/consensus-magazine/2023/03/15/ukraine-russia-sanctions-tether/)\n\nDespite being cut off from SWIFT, Russian money is still finding ways to move between Russia and the West using stablecoins. Transparency International, a global anti-corruption NGO, has found at least eight over-the-counter brokers in Moscow that can sell tens of thousands of dollars in stablecoins for cash and then exchange them in the UK for pounds sterling, all without requiring any know-your-customer paperwork. Transparency International's investigation shows that political sanctions are not always effective in completely stopping the flow of unidentified funds from punished jurisdictions.\n\nWant more Eastern Europe news?\n•[The State Duma Committee recommended the adoption of the bill on the digital ruble in the first reading (Russian)](https://tass.ru/ekonomika/17249071)\n•[The digital ruble is getting closer to wallets: when will Russians be able to pay with virtual currency? (Russian)](https://tass.ru/makroekonomika/17238669)\n•[The Central Bank sees no risks of liquidity outflow in connection with the introduction of the digital ruble (Russian)](https://tass.ru/ekonomika/17297467)\n•[The volume of CFA emission in the Russian Federation reached 2 billion rubles (Russian)](https://forklog.com/news/obem-emissii-tsfa-v-rf-dostig-2-mlrd-rublej)\n•[Sberbank says blockchain will help solve settlement problems (Russian)](https://www.interfax.ru/business/890913)\n\n## Latin America and the Caribbean\n\n\n![2 - Brazil - Midjourney.jpg](https://cdn.steemitimages.com/DQmQ8BbA35iRE5mNaqugS5PtR5m1Gri2vJFyVZvVLCjdFhV/2%20-%20Brazil%20-%20Midjourney.jpg)\n\nImage Credit: Midjourney\n\n[Brazil's CBDC to Change Business Model of Brazilian Financial System (3 minute read, Portuguese)](https://www.blocknews.com.br/financas/febraban-cria-novo-grupo-sobre-real-digital-para-dar-suas-opinioes-ao-banco-central/?utm_source=rss&utm_medium=rss&utm_campaign=febraban-cria-novo-grupo-sobre-real-digital-para-dar-suas-opinioes-ao-banco-central)\n\nThe Brazilian Federation of Banks (Febraban) has formed a new working group of 15 banks to provide feedback on the digital real, specifically with regards to security, interoperability, and scalability. The central bank of Brazil has presented a new version of the currency that will change the business model of the country’s financial system, with the use of its digital currency for wholesale operations between institutions. The initiative includes banks issuing tokens backed by bank deposits as stablecoins, which offers a range of opportunities for other products and services in the financial system.\n\n[El Salvador Launches Bitcoin Development Program for University Students (3 minute read, Spanish)](https://www.criptonoticias.com/comunidad/el-salvador-lanza-programa-universitario-desarrolladores-bitcoin-lightning/)\n\nThe El Salvador Bitcoin Office has launched CUBO+, an advanced Bitcoin engineering program that aims to train Bitcoin Lightning network developers through the Salvadoran university system. The program is fully funded by cryptocurrency sector companies, including Tether and Fulgur Ventures, and will support a small group of outstanding students from the main universities in El Salvador, all under 25 years of age. The first group will belong to the University of Don Bosco, with the intention of expanding the program in the coming years to include other universities and high schools throughout El Salvador.\n\nWant more Latin America and Caribbean news?\n•[Brazil and Italy sign an agreement that includes the development of joint projects in blockchain and artificial intelligence in agriculture (Portuguese)](https://cointelegraph.com.br/news/brazil-and-italy-sign-an-agreement-that-includes-the-development-of-joint-projects-in-blockchain-and-artificial-intelligence)\n•[Cuba positively assessed Russia's proposal to use the digital peso (Russian)](https://www.rbc.ru/crypto/news/641057299a794783011aeb90)\n•[‘Not everyone is ready for Web3,’ says Yandex executive (Portuguese)](https://cointelegraph.com.br/news/we-are-open-to-news-but-there-are-still-many-questions-about-nfts-says-yandex-executive)\n•[Developer of Brazilian blockchain game set in Rio favela launches collection of NFTs of game characters (Portuguese)](https://cointelegraph.com.br/news/brazilian-blockchain-game-set-in-rio-favela-launches-collection-of-game-character-nfts)\n•[Brazilian exchanges say they have no exposure to ‘crypto-friendly banks’ that collapsed in the US (Portuguese)](https://cointelegraph.com.br/news/brazilian-exchanges-say-they-have-no-exposure-to-the-crypto-friendly-banks-that-collapsed-in-the-us)\n\n## Africa\n\n\n![3 - Mid Journey Chipper Cash.jpg](https://cdn.steemitimages.com/DQmVSH8uBzSpUg8g6Um1t5mCsBqC3W6Uz7qxhpDnKH26viD/3%20-%20Mid%20Journey%20Chipper%20Cash.jpg)\n\nImage Credit: Midjourney\n\n[African Fintech Backed By Silicon Valley Bank and FTX Denies Sale Rumors (1 minute read)](https://www.bloomberg.com/news/articles/2023-03-14/fintech-startup-financed-by-svb-ftx-is-said-to-weigh-a-sale)\n\nAfrica-focused fintech Chipper Cash, which raised $250m in a funding round led by Silicon Valley Bank (SVB) and FTX last year, has denied reports this week from unnamed sources that the company is weighing options including exploring a sale or seeking new investors. Also a banking client of SVB, Chipper Cash's CEO released a statement that the company's exposure to the failed US bank was \"[very limited](https://chippercash.com/blog/statement-on-svb-from-haM)\" and held \"only about $1M\" in their SVB accounts. SVB owns approximately 2% of Chipper Cash.\n\n[Due to Widespread Unrest, Nigeria’s Central Bank Extends Use of Old Bank Notes Amid Cash Shortages (1 minute read)](https://www.reuters.com/world/africa/nigeria-central-bank-says-old-naira-notes-still-legal-tender-2023-03-14/)\n\nNigeria's central bank has announced it will continue to allow the use of old banknotes until the end of the year to comply with a recent court order. Due to a shortage of cash, the Supreme Court instructed the Central Bank of Nigeria to extend the use of the old 1,000, 500, and 200 naira notes, which were initially withdrawn from circulation. [As we reported last week](https://emergingcrypto.beehiiv.com/p/supporting-diversity-blockchain-nigerian-vc-firm-launches-8m-funD), the shortage of cash has been due to restrictions aimed at pushing Nigeria towards a cashless economy, including spurring adoption of the country's central bank digital currency.\n\nWant more Africa news?\n•[16 Women-Led Healthcare Firms in Africa to Receive Business and Funding Support from WinFund NFTs Collection – an Initiative by Reckitt](https://bitcoinke.io/2023/03/winfund-nfts-collection/)\n•[Web3 Clubs Second Cohort Kicks Off to Train Kenyan Developers on How to Build dApps on Ethereum Blockchain](https://bitcoinke.io/2023/03/web3-clubs-launches-second-cohort/)\n•[Mauritius enforces crypto licensing in a bid to promote adoption](https://web3africa.news/2023/03/16/news/mauritius-crypto-ecosystem-establishing-valid-crypto-laws/)\n•[African women leading a technological revolution in blockchain](https://web3africa.news/2023/03/16/news/african-women-in-blockchain/)\n•[Cassava Network Partners with Unipass to increase Africa’s crypto adoption](https://web3africa.news/2023/03/14/news/african-based-web3-platform-with-unipass-to-improve-africas-crypto-adoption/)\n\n## Asia\n\n\n![India UAE.jpg](https://cdn.steemitimages.com/DQmTHJzxPgchfpZVvFUNJ3xfwYCT3dCZcTLNBSYSTsbyLqb/India%20UAE.jpg)\n\nImage Credit: Jdx and Anomie via Wikimedia Commons\n\n[UAE and India Collaborate to Explore Cross-Border CBDC Transactions (1 minute read)](https://www.unlock-bc.com/98698/uae-and-india-strengthen-economic-ties-through-joint-experimentation-with-cbdcs/)\n\nThe Central Bank of the United Arab Emirates (CBUAE) and the Reserve Bank of India (RBI) have signed an Memorandum of Understanding (MoU) to explore collaboration and cooperation in the field of financial technology (FinTech), particularly in the areas of Central Bank Digital Currencies (CBDCs) and interoperability between them. The two central banks plan to conduct proof-of-concept and pilot projects to establish a bilateral CBDC bridge to facilitate cross-border CBDC transactions like remittances and trade, as well as to share knowledge and expertise on emerging trends, regulations, and policies related to FinTech, financial products, services. The goal of the MoU is to promote joint experimentation with CBDCs and digital innovation initiatives between the CBUAE and the RBI.\n\n[South Korea Backs Local Metaverse Companies With $30M Investment Fund (2 minute read)](https://blockchain.news/news/south-korea-invests-in-metaverse-fund-for-economic-growth)\n\nThe South Korean government has invested 24 billion Korean won ($18.1 million) to create a fund of more than 40 billion Korean won ($30.2 million) for metaverse development. The Metaverse Fund aims to help Korean projects raise capital and compete with major tech companies, which have shown increasing interest in the metaverse. By supporting local companies and investing in the development of the metaverse ecosystem, South Korea is positioning itself to be a leader in this emerging field.\n\nWant more Asia news?\n•[Nissan Makes a Move into Web3 with New Trademarks, Tests Car Sales in the Metaverse](https://www.unlock-bc.com/98548/nissan-makes-a-move-into-web3-with-new-trademarks-tests-car-sales-in-the-metaverse/)\n•[Wallet Tied to Euler Exploit Sends 100 Ether to Lazarus Group](https://www.coindesk.com/markets/2023/03/17/wallet-tied-to-euler-exploit-sends-100-ether-to-lazarus-group/)\n•[Nuqtah Secures Seed Funding from Polygon and Animoca Brands](https://www.unlock-bc.com/98678/nuqtah-secures-seed-funding-from-polygon-and-animoca-brands/)\n•[KuCoin leads $10M funding for Chinese yuan stablecoin issuer](https://cointelegraph.com/news/kucoin-leads-10m-funding-for-chinese-yuan-stablecoin-issuer)\n•[Revolutionizing Digital Assets: Inside HAYVN’s Vision for the Future](https://www.unlock-bc.com/98735/revolutionizing-digital-assets-inside-hayvns-vision-for-the-future/)c\n\n\n## Thanks for reading and have a great week ahead!\n\n## What did you think of today's newspaper?\n[Awesome](https://docs.google.com/forms/d/1vpC-yv-MFNDhEQZK-2BrcW0E1UG6aWvMYM_pClY9XZg/edit) I [Great](https://docs.google.com/forms/d/1vpC-yv-MFNDhEQZK-2BrcW0E1UG6aWvMYM_pClY9XZg/edit) I [Good](https://docs.google.com/forms/d/1vpC-yv-MFNDhEQZK-2BrcW0E1UG6aWvMYM_pClY9XZg/edit) I [Okay](https://docs.google.com/forms/d/1vpC-yv-MFNDhEQZK-2BrcW0E1UG6aWvMYM_pClY9XZg/edit) I [Bad](https://docs.google.com/forms/d/1vpC-yv-MFNDhEQZK-2BrcW0E1UG6aWvMYM_pClY9XZg/edit)\n\nIf you have any comments or feedback, leave a comment below!\n\nWant to receive this weekly in your email inbox? Then [tap here to sign up](https://EmergingCrypto.io)\n\nWritten by Jon Lira, Founder of EmergingCrypto.io. Connect with him on [LinkedIn](https://LinkedIn.com/in/jonlira).\n\n🤖Connect with us across the web here👉https://linktr.ee/emergingcrypto.io",
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      "author": "ubongudofot",
      "body": "Hello @emergingcrypto, It will be wise to attach your Introductory post for easy verification in our community.",
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      "author": "fuli",
      "body": "You've got a free upvote from <a href='https://steemitwallet.com/~witnesses'>witness fuli</a>. <br /> Peace & Love! <br />",
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      "author": "emergingcrypto",
      "body": "![0311 Cover Wide.jpg](https://cdn.steemitimages.com/DQmPbnsBGhTdeELqe4M4Uo5iG25UoXHrXmDJqtgVcGFaTZp/0311%20Cover%20Wide.jpg)\n\n\nThis is the EmergingCrypto.io weekly update. Want to receive this weekly in your email inbox? Then [tap here to sign up](https://www.emergingcrypto.io)\n\nEmergingCrypto.io is the🌍's only weekly newspaper dedicated to web3 news from emerging markets. 🤖Connect with us across the web here👉https://linktr.ee/emergingcrypto.io\n\n## In This Issue\n### Africa\n🔸Nigerian VC Firm Launches $8M Blockchain Fund to Support Underrepresented Founders\n🔸Cash Is King: Nigerians Reject Central Bank’s Push for Digital Currency\n\n### Latin America and the Caribbean\n🔸Brazil's Central Bank Chooses Hyperledger Besu for CBDC Pilot\n🔸Nubank Taps David Marcus, Ex-Meta and Lightspark Co-founder, as New Board Member\n\n### Eastern Europe\n🔸Crypto in Conflict: How Russia and Ukraine Are Leveraging Digital Currency in War\n🔸Ukraine Suspends Use of Its National Currency on Crypto Exchanges, Binance Suggests P2P Services\n\n### Asia\n🔸Iran’s CBDC Pilot Successfully Completed, Digital Rial Launch on the Horizon\n🔸WeChat Jumps on the Digital Yuan Bandwagon\n\n## Rather watch than read? Check out our [weekly update videos](https://www.youtube.com/playlist?list=PLlhy_aiZiL3I8LnWb-E0TnyKAk-ACO3_Z) and [podcast](https://www.youtube.com/playlist?list=PLlhy_aiZiL3JkuQrMoBEruIAltzCGgItX) on [YouTube](https://YouTube.com/@EmergingCrypto)!\n\n\n\n![YT 4 Weekly Update Cover Square.jpg](https://cdn.steemitimages.com/DQmaHrPSRKVUqrPBbMBxzVxkDNAndzrbgZz3JQrpy4Zbdg2/YT%204%20Weekly%20Update%20Cover%20Square.jpg)\n\n\n## Africa\n\n\n![cytonn-photography-vWchRczcQwM-unsplash.jpg](https://cdn.steemitimages.com/DQmYC8ZJpmqzy7hpdPqHfLfDjA2yRwFCHPffrUxqNiwYRJw/cytonn-photography-vWchRczcQwM-unsplash.jpg)\nImage Credit: Cytonn Photography via Unsplash\n\n\n[Nigerian VC Firm Launches $8M Blockchain Fund to Support Underrepresented Founders (2 minute read)](https://bitcoinke.io/2023/03/echovc-announces-pilot-blockchain-seed-fund/)\n\nNigerian venture capital firm EchoVC has launched an $8m blockchain fund called EchoVC Chain, which will focus on supporting under-represented founders and markets in Africa. The pilot seed fund will concentrate on three areas of blockchain functionality, including fintech infrastructure using stablecoins, decentralized finance and non-fungible tokens, and decentralized autonomous organizations that can organize informal networks to increase earning potential. EchoVC has previously invested in nearly 40 companies globally and grew its blockchain portfolio to seven investments across business-to-business infrastructure, DeFi, and market making.\n\n[Cash Is King: Nigerians Reject Central Bank’s Push for Digital Currency (3 minute read)](https://www.coindesk.com/consensus-magazine/2023/03/06/nigerians-rejection-of-their-cbdc-is-a-cautionary-tale-for-other-countries/)\n\nNigerians are rejecting their country's central bank digital currency (CBDC) and calling for a return to paper money, despite incentives from the government to encourage adoption. The shortage of cash came about due to restrictions aimed at pushing Nigeria towards a cashless economy. Despite attempts to spur adoption, less than 0.5% of Nigerians have used the CBDC, highlighting the risks to financial freedom and the lack of unique benefits of CBDCs for consumers. The experience in Nigeria serves as a cautionary tale for other countries looking to launch CBDCs.\n\nWant more Africa news?\n•[Celo Community Approves a Regional DAO in Africa with Projects to Support Grassroots Builders](https://bitcoinke.io/2023/03/introducing-the-celo-africa-dao/)\n•[Why Senegal rejects the CFA and is warming to Bitcoin](https://cointelegraph.com/news/why-senegal-rejects-the-cfa-and-is-warming-to-bitcoin-video)\n•[Introducing the Kamusi DAO Project – Creating a Swahili Web3 Dictionary for Africa](https://bitcoinke.io/2023/03/introducing-kamusi-dao-project/)\n•[EMURGO Africa and Kepple Africa Ventures Establish Joint Venture to Further Web3 Strategic Partnership](https://www.prnewswire.com/news-releases/emurgo-africa-and-kepple-africa-ventures-establish-joint-venture-to-further-web3-strategic-partnership-301763426.html)\n•[Blockchain technology transforming Africa’s real estate Industry](https://web3africa.news/2023/03/09/news/blockchain-technology-transforming-real-estate-in-africa/)\n\n## Latin America and the Caribbean\n\n\n![eduardo-soares-LR0kDki_tPo-unsplash.jpg](https://cdn.steemitimages.com/DQmSv9DuFaZDq4uP8RTPCFVZqWtgwbfe2REcvCUTFpbSnB5/eduardo-soares-LR0kDki_tPo-unsplash.jpg)\nImage Credit: Eduardo Soares via Unsplash\n\n\n[Brazil's Central Bank Chooses Hyperledger Besu for CBDC Pilot (7 minute read, Portuguese)](https://www.blocknews.com.br/governos/bc-escolhe-hyperledger-besu-para-piloto-do-real-digital/?utm_source=rss&utm_medium=rss&utm_campaign=bc-escolhe-hyperledger-besu-para-piloto-do-real-digital)\n\nThe Central Bank of Brazil has chosen Hyperledger Besu, a permissioned distributed ledger technology, for its digital real pilot due to its compatibility with the Ethereum Virtual Machine, transaction privacy support, and ability to incorporate additional modules. The pilot begins on March 9, 2023, and if the tests are unsatisfactory, the central bank will extend the tests. The central bank has updated its guidelines for the digital real project, including the requirement of no regulatory asymmetries between digital real and existing financial systems, the coupling between systems, and the use of smart contracts and programmable money compatible with IoT.\n\n[Nubank Taps David Marcus, Ex-Meta and Lightspark Co-founder, as New Board Member (2 minute read)](https://www.businesswire.com/news/home/20230303005374/en/Nubank-Appoints-David-Marcus-to-Board-of-Directors)\n\nBrazilian digital bank Nubank has appointed David Marcus, an expert in cryptocurrencies, as a new member of its board of directors. Marcus, who co-founded Bitcoin startup Lightspark, also led all payments and crypto efforts at Meta. He will support Nubank's expansion in its multi-country, multi-product, and multi-segment strategy, as the company continues to grow its customer base across Brazil, Mexico, and Colombia.\n\nWant more Latin America and Caribbean news?\n•[Itaú’s carbon credit platform that uses blockchain has already had pilots; Visa has already participated (Portuguese)](https://www.blocknews.com.br/financas/plataforma-de-credito-de-carbono-do-itau-que-usa-blockchain-ja-fez-pilotos-visa-ja-participou/?utm_source=rss&utm_medium=rss&utm_campaign=plataforma-de-credito-de-carbono-do-itau-que-usa-blockchain-ja-fez-pilotos-visa-ja-participou)\n•[Canadian Crypto Miner Pow.re Lands 100 MW Contract in Paraguay](https://www.coindesk.com/business/2023/03/08/canadian-crypto-miner-powre-lands-100-mw-contract-in-paraguay/)\n•[Fenasbac announces new fintechs from the Acceleration Next program; Banco do Brasil enters the project (Portuguese)](https://www.blocknews.com.br/financas/fenasbac-anuncia-novas-fintechs-do-programa-aceleracao-next-banco-do-brasil-entra-no-projeto/?utm_source=rss&utm_medium=rss&utm_campaign=fenasbac-anuncia-novas-fintechs-do-programa-aceleracao-next-banco-do-brasil-entra-no-projeto)\n•[25% of women participate in the cryptocurrency community in Latin America (Spanish)](https://www.criptonoticias.com/comunidad/25-mujeres-participan-comunidad-criptomonedas-latinoamerica/)\n•[Blockchain One launches platform for recording and managing documents on blockchain (Portuguese)](https://www.blocknews.com.br/corporativo/blockchain-one-lanca-plataforma-para-registro-e-gerenciamento-de-documentos-em-blockchain/?utm_source=rss&utm_medium=rss&utm_campaign=blockchain-one-lanca-plataforma-para-registro-e-gerenciamento-de-documentos-em-blockchain)\n\n## Eastern Europe\n\n\n![shubham-dhage-208asI7iZiU-unsplash.jpg](https://cdn.steemitimages.com/DQmYVaM2AVPQMWkxxKuNVXedsCQD5nEsgmxe9fxvTbd3GdF/shubham-dhage-208asI7iZiU-unsplash.jpg)\nImage Credit: Shubham Dhage via Unsplash\n\n\n[Crypto in Conflict: How Russia and Ukraine Are Leveraging Digital Currency in War (1 minute read)](https://cointelegraph.com/news/russia-ukraine-war-how-both-sides-of-the-conflict-have-used-crypto-to-win)\n\nBoth sides of the Russian war in Ukraine have been using cryptocurrencies, with pro-Ukraine causes collecting around $200m in crypto donations, while pro-Kremlin groups and propaganda outlets raised a total of around $5m via crypto. Individual actors on both sides have been using crypto to bypass financial sanctions and acquire military resources for the front. Additionally, over $450m was paid to ransomware groups in 2022, many of which were believed to be based in Russia and some of which have openly supported the Russian government in its war effort.\n\n[Ukraine Suspends Use of Its National Currency on Crypto Exchanges, Binance Suggests P2P Services (1 minute read)](https://cointelegraph.com/news/binance-recommends-p2p-as-ukraine-suspends-hryvnia-use-on-crypto-exchanges)\n\nUkraine has temporarily suspended the use of its national currency, the hryvnia, for fiat deposits and withdrawals on crypto exchanges, impacting the movement of funds to and from exchanges. Crypto exchanges like Binance and Kuna have informed investors about the inconvenience and suggested using peer-to-peer (P2P) services to exchange crypto and fiat currencies directly with other users. The move by Ukraine's central bank comes as a surprise, considering pro-Ukraine causes receiving around $200 million in crypto donations since the start of Russia’s war in Ukraine.\n\nWant more Eastern Europe news?\n•[In the Russian Federation, scammers announced the start of investments in the \"state cryptocurrency\" (Russian)](https://forklog.com/news/v-rf-moshenniki-obyavili-o-starte-investitsij-v-gosudarstvennuyu-kriptovalyutu)\n•[The State Duma Committee approved the bill on the introduction of the digital ruble (Russian)](https://tass.ru/ekonomika/17205273)\n•[Baza: in the Russian Federation, miners were sentenced to prison terms for refusing to declare income](https://forklog.com/news/baza-v-rf-majneram-opredelili-tyuremnye-sroki-za-otkaz-ot-deklarirovaniya-dohodov)\n•[The Central Bank expanded the register of CFA operators to five](https://tass.ru/ekonomika/17225893)\n•[The Russian Association of the Crypto Industry Asked Putin for Help](https://www.rbc.ru/crypto/news/6405b64d9a79475652f9d3ca)\n\n## Asia\n\n\n![ashkan-forouzani-95guGn1TOVc-unsplash.jpg](https://cdn.steemitimages.com/DQmZQUTNvNzwizMvakpyCDc4Sm75fSfQbCLAhgzUaZLRe9d/ashkan-forouzani-95guGn1TOVc-unsplash.jpg)\nImage Credit: Ashkan Forouzani via Unsplash\n\n\n[Iran’s CBDC Pilot Successfully Completed, Digital Rial Launch on the Horizon (2 minute read)](https://cointelegraph.com/news/iran-completes-pre-pilot-phase-of-central-bank-digital-currency)\n\nThe Central Bank of Iran has completed preliminary research for the launch of a potential digital rial and aims to increase the scope of its CBDC pilot in the country's payment system. The rules governing a potential digital rial will align with those established for rial banknotes, and a digital rial would be distributed among individuals and banks, with the CBDC infrastructure recreating some blockchain features. Ten banks in Iran have applied to join the digital rial project, with all banks and credit institutions in Iran expected to start offering electronic wallets for using the upcoming digital currency. The digital currency project is being developed using Hyperledger Fabric.\n\n[WeChat Jumps on the Digital Yuan Bandwagon (2 minute read)](https://cointelegraph.com/news/wechat-integrates-digital-yuan-into-its-payment-platform)\n\nChina's leading social networking and payment app, WeChat, has added the country's central bank digital currency (CBDC) to its payment services, allowing users to make payments on certain WeChat mini-programs and other platforms. The move aims to help broaden the appeal of the digital yuan, which is being piloted in at least 26 Chinese provinces and cities, and saw a jump in transaction volumes on Chinese e-commerce platforms during the 2023 Lunar New Year shopping season, helped by e-CNY handouts from authorities. WeChat now joins Alipay in supporting the fast payment function of the digital yuan wallet, with additional integrations expected to become available gradually.\n\nWant more Asia news?\n•[Singapore Police Have Begun Probing Crypto Fugitive Do Kwon’s Terraform Labs](https://www.bloomberg.com/news/articles/2023-03-06/singapore-police-have-begun-probing-crypto-fugitive-do-kwon-s-terraform-labs)\n•[NEAR Protocol aims straight at the Korean game market with BORA, Kakao Games' Web3 arm](https://www.prnewswire.com/news-releases/near-protocol-aims-straight-at-the-korean-game-market-with-bora-kakao-games-web3-arm-301763294.html)\n•[Thailand offers tax breaks for companies issuing investment tokens](https://www.reuters.com/technology/thailand-offers-tax-breaks-companies-issuing-investment-tokens-2023-03-07/)\n•[India's money laundering rules to apply to crypto trade - gov't notification](https://www.reuters.com/world/india/indias-money-laundering-rules-apply-crypto-trade-govt-notification-2023-03-08/)\n•[Mt. Gox Creditors Have Until Friday to File Repayment Claims](https://decrypt.co/122960/mt-gox-creditors-have-until-friday-file-repayment-claims)\n\n## Thanks for reading and have a great week ahead!\n\n## What did you think of today's newspaper?\n[Awesome](https://docs.google.com/forms/d/1vpC-yv-MFNDhEQZK-2BrcW0E1UG6aWvMYM_pClY9XZg/edit) I [Great](https://docs.google.com/forms/d/1vpC-yv-MFNDhEQZK-2BrcW0E1UG6aWvMYM_pClY9XZg/edit) I [Good](https://docs.google.com/forms/d/1vpC-yv-MFNDhEQZK-2BrcW0E1UG6aWvMYM_pClY9XZg/edit) I [Okay](https://docs.google.com/forms/d/1vpC-yv-MFNDhEQZK-2BrcW0E1UG6aWvMYM_pClY9XZg/edit) I [Bad](https://docs.google.com/forms/d/1vpC-yv-MFNDhEQZK-2BrcW0E1UG6aWvMYM_pClY9XZg/edit)\n\nIf you have any comments or feedback, leave a comment below!\n\nWant to receive this weekly in your email inbox? Then [tap here to sign up](https://EmergingCrypto.io)\n\nWritten by Jon Lira, Founder of EmergingCrypto.io. Connect with him on [LinkedIn](https://LinkedIn.com/in/jonlira).\n\n🤖Connect with us across the web here👉https://linktr.ee/emergingcrypto.io",
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      "parent_permlink": "cryptocurrency",
      "permlink": "supporting-diversity-in-blockchain-nigerian-vc-firm-launches-usd8m-fund",
      "title": "🤝✨ Supporting Diversity in Blockchain: Nigerian VC Firm Launches $8M Fund"
    }
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  "op_in_trx": 0,
  "timestamp": "2023-03-11T12:59:12",
  "trx_id": "aae96ab4ab0f59c5fe3cf77e50362119c9110fab",
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{
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  "op": [
    "comment",
    {
      "author": "emergingcrypto",
      "body": "![0311 Cover Wide.jpg](https://cdn.steemitimages.com/DQmPbnsBGhTdeELqe4M4Uo5iG25UoXHrXmDJqtgVcGFaTZp/0311%20Cover%20Wide.jpg)\n\n\nThis is the EmergingCrypto.io weekly update. Want to receive this weekly in your email inbox? Then [tap here to sign up](https://www.emergingcrypto.io)\n\nEmergingCrypto.io is the🌍's only weekly newspaper dedicated to web3 news from emerging markets. 🤖Connect with us across the web here👉https://linktr.ee/emergingcrypto.io\n\n## In This Issue\n### Africa\n🔸Nigerian VC Firm Launches $8M Blockchain Fund to Support Underrepresented Founders\n🔸Cash Is King: Nigerians Reject Central Bank’s Push for Digital Currency\n\n### Latin America and the Caribbean\n🔸Brazil's Central Bank Chooses Hyperledger Besu for CBDC Pilot\n🔸Nubank Taps David Marcus, Ex-Meta and Lightspark Co-founder, as New Board Member\n\n### Eastern Europe\n🔸Crypto in Conflict: How Russia and Ukraine Are Leveraging Digital Currency in War\n🔸Ukraine Suspends Use of Its National Currency on Crypto Exchanges, Binance Suggests P2P Services\n\n### Asia\n🔸Iran’s CBDC Pilot Successfully Completed, Digital Rial Launch on the Horizon\n🔸WeChat Jumps on the Digital Yuan Bandwagon\n\n## Rather watch than read? Check out our [weekly update videos](https://www.youtube.com/playlist?list=PLlhy_aiZiL3I8LnWb-E0TnyKAk-ACO3_Z) and [podcast](https://www.youtube.com/playlist?list=PLlhy_aiZiL3JkuQrMoBEruIAltzCGgItX) on [YouTube](https://YouTube.com/@EmergingCrypto)!\n\n\n\n![YT 4 Weekly Update Cover Square.jpg](https://cdn.steemitimages.com/DQmaHrPSRKVUqrPBbMBxzVxkDNAndzrbgZz3JQrpy4Zbdg2/YT%204%20Weekly%20Update%20Cover%20Square.jpg)\n\n\n## Africa\n\n\n![cytonn-photography-vWchRczcQwM-unsplash.jpg](https://cdn.steemitimages.com/DQmYC8ZJpmqzy7hpdPqHfLfDjA2yRwFCHPffrUxqNiwYRJw/cytonn-photography-vWchRczcQwM-unsplash.jpg)\nImage Credit: Cytonn Photography via Unsplash\n\n\n[Nigerian VC Firm Launches $8M Blockchain Fund to Support Underrepresented Founders (2 minute read)](https://bitcoinke.io/2023/03/echovc-announces-pilot-blockchain-seed-fund/)\n\nNigerian venture capital firm EchoVC has launched an $8m blockchain fund called EchoVC Chain, which will focus on supporting under-represented founders and markets in Africa. The pilot seed fund will concentrate on three areas of blockchain functionality, including fintech infrastructure using stablecoins, decentralized finance and non-fungible tokens, and decentralized autonomous organizations that can organize informal networks to increase earning potential. EchoVC has previously invested in nearly 40 companies globally and grew its blockchain portfolio to seven investments across business-to-business infrastructure, DeFi, and market making.\n\n[Cash Is King: Nigerians Reject Central Bank’s Push for Digital Currency (3 minute read)](https://www.coindesk.com/consensus-magazine/2023/03/06/nigerians-rejection-of-their-cbdc-is-a-cautionary-tale-for-other-countries/)\n\nNigerians are rejecting their country's central bank digital currency (CBDC) and calling for a return to paper money, despite incentives from the government to encourage adoption. The shortage of cash came about due to restrictions aimed at pushing Nigeria towards a cashless economy. Despite attempts to spur adoption, less than 0.5% of Nigerians have used the CBDC, highlighting the risks to financial freedom and the lack of unique benefits of CBDCs for consumers. The experience in Nigeria serves as a cautionary tale for other countries looking to launch CBDCs.\n\nWant more Africa news?\n•[Celo Community Approves a Regional DAO in Africa with Projects to Support Grassroots Builders](https://bitcoinke.io/2023/03/introducing-the-celo-africa-dao/)\n•[Why Senegal rejects the CFA and is warming to Bitcoin](https://cointelegraph.com/news/why-senegal-rejects-the-cfa-and-is-warming-to-bitcoin-video)\n•[Introducing the Kamusi DAO Project – Creating a Swahili Web3 Dictionary for Africa](https://bitcoinke.io/2023/03/introducing-kamusi-dao-project/)\n•[EMURGO Africa and Kepple Africa Ventures Establish Joint Venture to Further Web3 Strategic Partnership](https://www.prnewswire.com/news-releases/emurgo-africa-and-kepple-africa-ventures-establish-joint-venture-to-further-web3-strategic-partnership-301763426.html)\n•[Blockchain technology transforming Africa’s real estate Industry](https://web3africa.news/2023/03/09/news/blockchain-technology-transforming-real-estate-in-africa/)\n\n## Latin America and the Caribbean\n\n\n![eduardo-soares-LR0kDki_tPo-unsplash.jpg](https://cdn.steemitimages.com/DQmSv9DuFaZDq4uP8RTPCFVZqWtgwbfe2REcvCUTFpbSnB5/eduardo-soares-LR0kDki_tPo-unsplash.jpg)\nImage Credit: Eduardo Soares via Unsplash\n\n\n[Brazil's Central Bank Chooses Hyperledger Besu for CBDC Pilot (7 minute read, Portuguese)](https://www.blocknews.com.br/governos/bc-escolhe-hyperledger-besu-para-piloto-do-real-digital/?utm_source=rss&utm_medium=rss&utm_campaign=bc-escolhe-hyperledger-besu-para-piloto-do-real-digital)\n\nThe Central Bank of Brazil has chosen Hyperledger Besu, a permissioned distributed ledger technology, for its digital real pilot due to its compatibility with the Ethereum Virtual Machine, transaction privacy support, and ability to incorporate additional modules. The pilot begins on March 9, 2023, and if the tests are unsatisfactory, the central bank will extend the tests. The central bank has updated its guidelines for the digital real project, including the requirement of no regulatory asymmetries between digital real and existing financial systems, the coupling between systems, and the use of smart contracts and programmable money compatible with IoT.\n\n[Nubank Taps David Marcus, Ex-Meta and Lightspark Co-founder, as New Board Member (2 minute read)](https://www.businesswire.com/news/home/20230303005374/en/Nubank-Appoints-David-Marcus-to-Board-of-Directors)\n\nBrazilian digital bank Nubank has appointed David Marcus, an expert in cryptocurrencies, as a new member of its board of directors. Marcus, who co-founded Bitcoin startup Lightspark, also led all payments and crypto efforts at Meta. He will support Nubank's expansion in its multi-country, multi-product, and multi-segment strategy, as the company continues to grow its customer base across Brazil, Mexico, and Colombia.\n\nWant more Latin America and Caribbean news?\n•[Itaú’s carbon credit platform that uses blockchain has already had pilots; Visa has already participated (Portuguese)](https://www.blocknews.com.br/financas/plataforma-de-credito-de-carbono-do-itau-que-usa-blockchain-ja-fez-pilotos-visa-ja-participou/?utm_source=rss&utm_medium=rss&utm_campaign=plataforma-de-credito-de-carbono-do-itau-que-usa-blockchain-ja-fez-pilotos-visa-ja-participou)\n•[Canadian Crypto Miner Pow.re Lands 100 MW Contract in Paraguay](https://www.coindesk.com/business/2023/03/08/canadian-crypto-miner-powre-lands-100-mw-contract-in-paraguay/)\n•[Fenasbac announces new fintechs from the Acceleration Next program; Banco do Brasil enters the project (Portuguese)](https://www.blocknews.com.br/financas/fenasbac-anuncia-novas-fintechs-do-programa-aceleracao-next-banco-do-brasil-entra-no-projeto/?utm_source=rss&utm_medium=rss&utm_campaign=fenasbac-anuncia-novas-fintechs-do-programa-aceleracao-next-banco-do-brasil-entra-no-projeto)\n•[25% of women participate in the cryptocurrency community in Latin America (Spanish)](https://www.criptonoticias.com/comunidad/25-mujeres-participan-comunidad-criptomonedas-latinoamerica/)\n•[Blockchain One launches platform for recording and managing documents on blockchain (Portuguese)](https://www.blocknews.com.br/corporativo/blockchain-one-lanca-plataforma-para-registro-e-gerenciamento-de-documentos-em-blockchain/?utm_source=rss&utm_medium=rss&utm_campaign=blockchain-one-lanca-plataforma-para-registro-e-gerenciamento-de-documentos-em-blockchain)\n\n## Eastern Europe\n\n\n![shubham-dhage-208asI7iZiU-unsplash.jpg](https://cdn.steemitimages.com/DQmYVaM2AVPQMWkxxKuNVXedsCQD5nEsgmxe9fxvTbd3GdF/shubham-dhage-208asI7iZiU-unsplash.jpg)\nImage Credit: Shubham Dhage via Unsplash\n\n\n[Crypto in Conflict: How Russia and Ukraine Are Leveraging Digital Currency in War (1 minute read)](https://cointelegraph.com/news/russia-ukraine-war-how-both-sides-of-the-conflict-have-used-crypto-to-win)\n\n\n![image.png](https://cdn.steemitimages.com/DQmYQtL28GCXmaWaUXvJgcRFnLZKrobLFtHdaCVnmjAeNSV/image.png)\nBoth sides of the Russian war in Ukraine have been using cryptocurrencies, with pro-Ukraine causes collecting around $200m in crypto donations, while pro-Kremlin groups and propaganda outlets raised a total of around $5m via crypto. Individual actors on both sides have been using crypto to bypass financial sanctions and acquire military resources for the front. Additionally, over $450m was paid to ransomware groups in 2022, many of which were believed to be based in Russia and some of which have openly supported the Russian government in its war effort.\n\n[Ukraine Suspends Use of Its National Currency on Crypto Exchanges, Binance Suggests P2P Services (1 minute read)](https://cointelegraph.com/news/binance-recommends-p2p-as-ukraine-suspends-hryvnia-use-on-crypto-exchanges)\n\nUkraine has temporarily suspended the use of its national currency, the hryvnia, for fiat deposits and withdrawals on crypto exchanges, impacting the movement of funds to and from exchanges. Crypto exchanges like Binance and Kuna have informed investors about the inconvenience and suggested using peer-to-peer (P2P) services to exchange crypto and fiat currencies directly with other users. The move by Ukraine's central bank comes as a surprise, considering pro-Ukraine causes receiving around $200 million in crypto donations since the start of Russia’s war in Ukraine.\n\nWant more Eastern Europe news?\n•[In the Russian Federation, scammers announced the start of investments in the \"state cryptocurrency\" (Russian)](https://forklog.com/news/v-rf-moshenniki-obyavili-o-starte-investitsij-v-gosudarstvennuyu-kriptovalyutu)\n•[The State Duma Committee approved the bill on the introduction of the digital ruble (Russian)](https://tass.ru/ekonomika/17205273)\n•[Baza: in the Russian Federation, miners were sentenced to prison terms for refusing to declare income](https://forklog.com/news/baza-v-rf-majneram-opredelili-tyuremnye-sroki-za-otkaz-ot-deklarirovaniya-dohodov)\n•[The Central Bank expanded the register of CFA operators to five](https://tass.ru/ekonomika/17225893)\n•[The Russian Association of the Crypto Industry Asked Putin for Help](https://www.rbc.ru/crypto/news/6405b64d9a79475652f9d3ca)\n\n## Asia\n\n\n![ashkan-forouzani-95guGn1TOVc-unsplash.jpg](https://cdn.steemitimages.com/DQmZQUTNvNzwizMvakpyCDc4Sm75fSfQbCLAhgzUaZLRe9d/ashkan-forouzani-95guGn1TOVc-unsplash.jpg)\nImage Credit: Ashkan Forouzani via Unsplash\n\n\n[Iran’s CBDC Pilot Successfully Completed, Digital Rial Launch on the Horizon (2 minute read)](https://cointelegraph.com/news/iran-completes-pre-pilot-phase-of-central-bank-digital-currency)\n\nThe Central Bank of Iran has completed preliminary research for the launch of a potential digital rial and aims to increase the scope of its CBDC pilot in the country's payment system. The rules governing a potential digital rial will align with those established for rial banknotes, and a digital rial would be distributed among individuals and banks, with the CBDC infrastructure recreating some blockchain features. Ten banks in Iran have applied to join the digital rial project, with all banks and credit institutions in Iran expected to start offering electronic wallets for using the upcoming digital currency. The digital currency project is being developed using Hyperledger Fabric.\n\n[WeChat Jumps on the Digital Yuan Bandwagon (2 minute read)](https://cointelegraph.com/news/wechat-integrates-digital-yuan-into-its-payment-platform)\n\nChina's leading social networking and payment app, WeChat, has added the country's central bank digital currency (CBDC) to its payment services, allowing users to make payments on certain WeChat mini-programs and other platforms. The move aims to help broaden the appeal of the digital yuan, which is being piloted in at least 26 Chinese provinces and cities, and saw a jump in transaction volumes on Chinese e-commerce platforms during the 2023 Lunar New Year shopping season, helped by e-CNY handouts from authorities. WeChat now joins Alipay in supporting the fast payment function of the digital yuan wallet, with additional integrations expected to become available gradually.\n\nWant more Asia news?\n•[Singapore Police Have Begun Probing Crypto Fugitive Do Kwon’s Terraform Labs](https://www.bloomberg.com/news/articles/2023-03-06/singapore-police-have-begun-probing-crypto-fugitive-do-kwon-s-terraform-labs)\n•[NEAR Protocol aims straight at the Korean game market with BORA, Kakao Games' Web3 arm](https://www.prnewswire.com/news-releases/near-protocol-aims-straight-at-the-korean-game-market-with-bora-kakao-games-web3-arm-301763294.html)\n•[Thailand offers tax breaks for companies issuing investment tokens](https://www.reuters.com/technology/thailand-offers-tax-breaks-companies-issuing-investment-tokens-2023-03-07/)\n•[India's money laundering rules to apply to crypto trade - gov't notification](https://www.reuters.com/world/india/indias-money-laundering-rules-apply-crypto-trade-govt-notification-2023-03-08/)\n•[Mt. Gox Creditors Have Until Friday to File Repayment Claims](https://decrypt.co/122960/mt-gox-creditors-have-until-friday-file-repayment-claims)\n\n## Thanks for reading and have a great week ahead!\n\n## What did you think of today's newspaper?\n[Awesome](https://docs.google.com/forms/d/1vpC-yv-MFNDhEQZK-2BrcW0E1UG6aWvMYM_pClY9XZg/edit) I [Great](https://docs.google.com/forms/d/1vpC-yv-MFNDhEQZK-2BrcW0E1UG6aWvMYM_pClY9XZg/edit) I [Good](https://docs.google.com/forms/d/1vpC-yv-MFNDhEQZK-2BrcW0E1UG6aWvMYM_pClY9XZg/edit) I [Okay](https://docs.google.com/forms/d/1vpC-yv-MFNDhEQZK-2BrcW0E1UG6aWvMYM_pClY9XZg/edit) I [Bad](https://docs.google.com/forms/d/1vpC-yv-MFNDhEQZK-2BrcW0E1UG6aWvMYM_pClY9XZg/edit)\n\nIf you have any comments or feedback, leave a comment below!\n\nWant to receive this weekly in your email inbox? Then [tap here to sign up](https://EmergingCrypto.io)\n\nWritten by Jon Lira, Founder of EmergingCrypto.io. Connect with him on [LinkedIn](https://LinkedIn.com/in/jonlira).\n\n🤖Connect with us across the web here👉https://linktr.ee/emergingcrypto.io",
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      "author": "emergingcrypto",
      "body": "![0304 Cover Wide.jpg](https://cdn.steemitimages.com/DQmdR8cKq2CjCJz45Cr5cMvG3uvZn5pj6GCKizY6fCnhJun/0304%20Cover%20Wide.jpg)\n\nThis is the EmergingCrypto.io weekly update. Want to receive this weekly in your email inbox? Then [tap here to sign up](https://www.emergingcrypto.io)\n\nEmergingCrypto.io is the🌍's only weekly newspaper dedicated to web3 news from emerging markets. 🤖Connect with us across the web here👉https://linktr.ee/emergingcrypto.io\n\n## In This Issue\n### Asia\n🔸Can Crypto Save Capitalism? Animoca Brands Chairman Yat Siu Weighs In\n🔸India Positions Itself as the Voice for the Global South on Crypto Rules\n\n### Africa\n🔸From Naira to Crypto: Nigerians Turn to Bitcoin Amidst Currency Chaos\n🔸Blockchain Meets WhatsApp: Zimbabwean Immigrants in South Africa Get a New Payment Platform\n\n### Eastern Europe\n🔸Report Accuses Binance, Huobi, and KuCoin of Facilitating Russian Sanctions Evasion\n🔸Ukraine Pushes Forward with Crypto Legislation Despite War with Russia\n\n### Latin America and the Caribbean\n🔸Polygon Expands Reach in Latin America With Ripio Integration\n🔸Puerto Rico welcomes blockchain companies with tax incentives\n\nRather watch than read? Check out our [weekly update videos](https://www.youtube.com/playlist?list=PLlhy_aiZiL3I8LnWb-E0TnyKAk-ACO3_Z) and [podcast](https://www.youtube.com/playlist?list=PLlhy_aiZiL3JkuQrMoBEruIAltzCGgItX) on [YouTube](https://YouTube.com/@EmergingCrypto)!\n\n\n\n[![YT 4 Weekly Update Cover Square.jpg](https://cdn.steemitimages.com/DQmaHrPSRKVUqrPBbMBxzVxkDNAndzrbgZz3JQrpy4Zbdg2/YT%204%20Weekly%20Update%20Cover%20Square.jpg)](https://www.youtube.com/playlist?list=PLlhy_aiZiL3I8LnWb-E0TnyKAk-ACO3_Z)\n\n\n\n## Asia\n\n![fikry-anshor-znZFuVcGen4-unsplash.jpg](https://cdn.steemitimages.com/DQmXzGNdkLENup7SN7zxv6LMW2zbDTAWbSGdTDDR9VFpcuP/fikry-anshor-znZFuVcGen4-unsplash.jpg)\nImage Credit: Fikry Anshor via Unsplash\n\n[Can Crypto Save Capitalism? Animoca Brands Chairman Yat Siu Weighs In (4 minute read)](https://decrypt.co/122504/crypto-capitalist-narrative-animoca-yat-siu)\n\nAccording to Animoca Brands Chairman Yat Siu, crypto's negative perception in the West is due to anti-capitalist rhetoric, especially among younger generations who have seen capitalism fail them. Siu argues that Asia has a more positive attitude towards capitalism, leading to a more accepting view of crypto. He believes that crypto and Web3 can save the capitalist narrative by reintroducing democracy and profit-sharing. However, American lawmakers and regulators have turned up the heat on crypto, and views on the industry are becoming increasingly partisan.\n\n[India Positions Itself as the Voice for the Global South on Crypto Rules (3 minute read)](https://asia.nikkei.com/Spotlight/Cryptocurrencies/India-presses-for-crypto-rules-at-G-20-but-faces-hurdles-toward-ban)\n\nThe G-20 finance and central bank chiefs discussed cryptocurrency regulation but did not support an outright ban, as India had considered. The ministers called for a \"coordinated and comprehensive policy approach to crypto assets\" that considers the full range of risks. The International Monetary Fund and Financial Stability Board are working on developing an international framework for crypto regulation, while India may be positioning itself as a voice for the Global South on the issue.\n\nWant more Asia news?\n•[Hong Kong courts crypto industry as other governments crack down](https://asia.nikkei.com/Spotlight/Market-Spotlight/Hong-Kong-courts-crypto-industry-as-other-governments-crack-down)\n•[Three Japanese Banks Start Stablecoin Experiment](https://www.coindesk.com/business/2023/03/02/three-japanese-banks-start-stablecoin-experiment/)\n•[Hong Kong citizens not interested in digital yuan: Reports](https://cointelegraph.com/news/hong-kong-citizens-not-interested-in-digital-yuan-reports)\n•[Dubai’s Crypto Industry Welcomes New Licensing Regime Amid Global Regulatory Uncertainty](https://www.coindesk.com/policy/2023/03/02/dubais-crypto-industry-welcomes-new-licensing-regime-amid-global-regulatory-uncertainty/)\n•[Avanza Group to Develop Pakistan’s First Blockchain-Based National eKYC Banking Platform](https://www.unlock-bc.com/98038/avanza-group-to-develop-pakistans-first-blockchain-based-national-ekyc-banking-platform/)\n\n## Africa\n\n![2 - oyemike-princewill-ZP7cq__1kAc-unsplash.jpg](https://cdn.steemitimages.com/DQmbpy95SC6AE7uqjbBq1gLnzQ34vjVy8LX869uLwRr4ALP/2%20-%20oyemike-princewill-ZP7cq__1kAc-unsplash.jpg)\nImage Credit: Oyemike Princewill via Unsplash\n\n[From Naira to Crypto: Nigerians Turn to Bitcoin Amidst Currency Chaos (12 minute read)](https://www.forbes.com/sites/abubakarnurkhalil/2023/03/01/nigerian-election-and-naira-crisis-is-fueling-bitcoin-adoption/)\n\nBitcoin has become a more attractive option for Nigerians seeking a safe haven for their finances. Nigeria is currently facing a cash crisis caused by the redesign of the naira notes, political instability, and economic conditions, resulting in high inflation and a cash shortage. The redesign of the naira notes has caused logistical issues, with shortages and long lines at ATMs, and the deadline for the old notes to remain legal tender has been extended. Nigeria now has three separate nairas in circulation, including the digital naira, and the eNaira which has seen dismal adoption rates.\n\n[Blockchain Meets WhatsApp: Zimbabwean Immigrants in South Africa Get a New Payment Platform (2 minute read)](https://bitcoinke.io/2023/03/flex-id-uhuru-wallet-launch-an-integrated-platform/)\n\nZimbabwean blockchain startup, Flex ID, and South African WhatsApp-based remittance platform, Uhuru Wallet, have announced a collaboration to launch an integrated digital identity and remittance platform targeting Zimbabwean immigrants residing in South Africa. The platform will address issues such as high sending fees, limited access to formal financial services, and identity verification problems. The integrated platform is expected to provide a seamless and secure remittance experience for Zimbabwean immigrants, and the collaboration is the first cross-chain collaboration, with Flex ID working on the Algorand blockchain and Uhuru Wallet built on the Stellar blockchain.\n\nWant more Africa news?\n•[USDT is Extremely Popular in Emerging Markets like Africa – A Chat with Chief Technology Officer, Tether](https://bitcoinke.io/2023/03/a-chat-with-cto-tether/)\n•[Chipper Cash Lays Off a Further 100 Employees (1/3 of Workforce) – Claims Crypto Department Still Operational](https://bitcoinke.io/2023/03/chipper-cash-lays-off-more-employees/)\n•[Cardano’s Founding Entity, Emurgo, Signs an MoU with Nigeria’s Pan-Atlantic University to Co-Develop and Build Web3 Training Programs for Students](https://bitcoinke.io/2023/02/emurgo-signs-mou-with-pan-atlantic-university/)\n•[The state of Cryptocurrency Adoption in Tunisia](https://web3africa.news/2023/02/27/news/cryptocurrency-in-tunisia-defies-its-very-laws/)\n•[Zambia test cryptocurrency regulation using blockchain technology](https://web3africa.news/2023/02/27/news/zambia-test-cryptocurrency-regulation-using-blockchain-technology/)\n\n## Eastern Europe\n\n![3 - fly-d (2)-9VteYucwEpM-unsplash.jpg](https://cdn.steemitimages.com/DQmPboxeyJ25xuuja2M6Au1iYNmyhcDx7dtVwkeE39uHxh1/3%20-%20fly-d%20(2)-9VteYucwEpM-unsplash.jpg)\nImage Credit: Fly:D via Unsplash\n\n[Report Accuses Binance, Huobi, and KuCoin of Facilitating Russian Sanctions Evasion (2 minute read)](https://ledgerinsights.com/russia-sanctions-crypto-exchanges-huobi-kucoin-binance/)\n\nCrypto intelligence firm Inca Digital has published a report alleging that the Tether stablecoin and other cryptocurrencies have been used to violate Russian sanctions via cryptocurrency exchanges. The report alleges that Russian citizens can easily convert their local currency into crypto on these exchanges without KYC (know your customer) for up to the equivalent of $10,000, and that transactions can be disguised by displaying payments to non-Russian utility companies. Huobi, KuCoin, and Binance are named in the report, which states that they allow transactions for their P2P platforms that use sanctioned Russian banks for deposits. \n\n[Ukraine Pushes Forward with Crypto Legislation Despite War with Russia (2 minute read)](https://cointelegraph.com/news/war-had-no-impact-on-ukraine-s-regulatory-approach-to-crypto-kyiv-lawmaker-says)\n\nUkraine has been working on developing cryptocurrency legislation to integrate better EU norms and rules into its markets. Despite the war with Russia, the country's regulatory stance remains unchanged, and the National Commission on Securities and Stock Market has been actively cooperating with international colleagues to implement regulations like Markets in Crypto Assets (MiCA). Amendments to the draft law \"On Virtual Assets\" are being finalized to adapt it to MiCA, and Ukraine plans to officially launch its virtual assets market by the end of 2023.\n\nWant more Eastern Europe news?\n•[Ukraine netted $70M in crypto donations since start of Russia conflict](https://cointelegraph.com/news/ukraine-netted-70m-in-crypto-donations-since-start-of-russia-conflict)\n•[MKB issued Russia's first digital bank guarantee in yuan (Russian)](https://www.rbc.ru/crypto/news/63ff46b09a79476e90333cf5)\n•[The creation of the first closed-end investment fund for mining began in Russia (Russian)](https://www.rbc.ru/crypto/news/63feec129a794740dcf7f4bf)\n•[Real transactions with the digital ruble will be tested by 13 Russian banks (Russian)](https://tass.ru/ekonomika/17180197)\n•[The Bank of Russia intends to introduce limits on digital wallet balances (Russian)](https://tass.ru/ekonomika/17181225)\n\n## Latin America and the Caribbean\n\n![4 - guerrillabuzz-rISmip9iFHA-unsplash.jpg](https://cdn.steemitimages.com/DQmcnJCP1FjEFzVHHH4tevBHGkxbfRZKxJufvm7TCuHBvEv/4%20-%20guerrillabuzz-rISmip9iFHA-unsplash.jpg)\nImage Credit: GuerrillaBuzz via Unsplash\n\n[Polygon Expands Reach in Latin America With Ripio Integration (2 minute read, Portuguese)](https://www.blocknews.com.br/criptoativos/ripio-e-integrada-a-polygon-dando-mais-opcoes-a-clientes-e-expandindo-protocolo-na-regiao/?utm_source=rss&utm_medium=rss&utm_campaign=ripio-e-integrada-a-polygon-dando-mais-opcoes-a-clientes-e-expandindo-protocolo-na-regiao)\n\nArgentinian exchange Ripio has integrated with Polygon's proof-of-stake protocol, enabling users in Latin America to use Ripio's products on the Polygon ecosystem. The integration will offer cheaper transaction rates than Ethereum and allow access to decentralized finance protocols, NFT marketplaces, and gaming networks. Ripio is also developing a B2B blockchain with support from Polygon Labs, expanding the protocol's network in Latin America.\n\n[Puerto Rico Welcomes Blockchain Companies with Tax Incentives (2 minute read, Spanish)](https://www.criptonoticias.com/regulacion/puerto-rico-definio-marco-regulatorio-blockchains/)\n\nThe Department of Economic Development and Commerce of Puerto Rico has approved a regulation that aims to attract blockchain companies and digital assets to the island by offering tax exemptions based on Law 60 of Puerto Rico. The legislation, which dates back to 2019, provides a group of tax exemptions to attract investors from the Bitcoin and blockchain industries. Puerto Rico has become an attractive location for those in the Bitcoin ecosystem due to its low taxes, and at least 1,200 investor applications were registered on the island at the beginning of 2022.\n\nWant more Latin America and Caribbean news?\n•[Digital real pilot starts next month and BC told the US that custody of cryptos by banks would avoid FTX case (Portuguese)](https://www.blocknews.com.br/governos/piloto-do-real-digital-comeca-em-marco-e-bc-disse-aos-eua-que-custodia-de-criptos-por-bancos-evitaria-caso-ftx/?utm_source=rss&utm_medium=rss&utm_campaign=piloto-do-real-digital-comeca-em-marco-e-bc-disse-aos-eua-que-custodia-de-criptos-por-bancos-evitaria-caso-ftx)\n•[Swapix will have Pix Withdrawal function for converting tether to reais (Portuguese)](https://www.blocknews.com.br/criptoativos/swapix-tera-funcao-de-pix-saque-para-conversao-de-tether-para-reais/?utm_source=rss&utm_medium=rss&utm_campaign=swapix-tera-funcao-de-pix-saque-para-conversao-de-tether-para-reais)\n•[Mercado Bitcoin announces tokenization in projects aimed at recycling electronic waste and direct sales (Portuguese)](https://cointelegraph.com.br/news/mercado-bitcoin-announces-tokenization-of-projects-aimed-at-recycling-electronic-waste-and-direct-sales)\n•[Nubank launches Nucoin, crypto for rewards and customer engagement (Portuguese)](https://www.blocknews.com.br/criptoativos/nubank-lanca-nucoin-token-para-recompensas-e-engajamento-de-clientes/?utm_source=rss&utm_medium=rss&utm_campaign=nubank-lanca-nucoin-token-para-recompensas-e-engajamento-de-clientes)\n•[Bitcoin reaches areas of El Salvador that were controlled by gangs (Spanish)](https://www.criptonoticias.com/comunidad/bitcoin-llega-zonas-el-salvador-eran-controladas-pandillas/)\n\n## Thanks for reading and have a great week ahead!\n\n## What did you think of today's newspaper?\n[Awesome](https://docs.google.com/forms/d/1vpC-yv-MFNDhEQZK-2BrcW0E1UG6aWvMYM_pClY9XZg/edit) I [Great](https://docs.google.com/forms/d/1vpC-yv-MFNDhEQZK-2BrcW0E1UG6aWvMYM_pClY9XZg/edit) I [Good](https://docs.google.com/forms/d/1vpC-yv-MFNDhEQZK-2BrcW0E1UG6aWvMYM_pClY9XZg/edit) I [Okay](https://docs.google.com/forms/d/1vpC-yv-MFNDhEQZK-2BrcW0E1UG6aWvMYM_pClY9XZg/edit) I [Bad](https://docs.google.com/forms/d/1vpC-yv-MFNDhEQZK-2BrcW0E1UG6aWvMYM_pClY9XZg/edit)\n\nIf you have any comments or feedback, leave a comment below!\n\nWant to receive this weekly in your email inbox? Then [tap here to sign up](https://EmergingCrypto.io)\n\nWritten by Jon Lira, Founder of EmergingCrypto.io. Connect with him on [LinkedIn](https://LinkedIn.com/in/jonlira).\n\n🤖Connect with us across the web here👉https://linktr.ee/emergingcrypto.io",
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      "title": "🚑Can crypto save capitalism? Animoca's Chairman thinks so"
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  "timestamp": "2023-03-04T12:50:12",
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      "author": "emergingcrypto",
      "body": "![0304 Cover Wide.jpg](https://cdn.steemitimages.com/DQmdR8cKq2CjCJz45Cr5cMvG3uvZn5pj6GCKizY6fCnhJun/0304%20Cover%20Wide.jpg)\n\nThis is the EmergingCrypto.io weekly update. Want to receive this weekly in your email inbox? Then [tap here to sign up](https://www.emergingcrypto.io)\n\nEmergingCrypto.io is the🌍's only weekly newspaper dedicated to web3 news from emerging markets. 🤖Connect with us across the web here👉https://linktr.ee/emergingcrypto.io\n\n## In This Issue\n### Asia\n🔸Can Crypto Save Capitalism? Animoca Brands Chairman Yat Siu Weighs In\n🔸India Positions Itself as the Voice for the Global South on Crypto Rules\n\n### Africa\n🔸From Naira to Crypto: Nigerians Turn to Bitcoin Amidst Currency Chaos\n🔸Blockchain Meets WhatsApp: Zimbabwean Immigrants in South Africa Get a New Payment Platform\n\n### Eastern Europe\n🔸Report Accuses Binance, Huobi, and KuCoin of Facilitating Russian Sanctions Evasion\n🔸Ukraine Pushes Forward with Crypto Legislation Despite War with Russia\n\n### Latin America and the Caribbean\n🔸Polygon Expands Reach in Latin America With Ripio Integration\n🔸Puerto Rico welcomes blockchain companies with tax incentives\n\nRather watch than read? Check out our [weekly update videos](https://www.youtube.com/playlist?list=PLlhy_aiZiL3I8LnWb-E0TnyKAk-ACO3_Z) and [podcast](https://www.youtube.com/playlist?list=PLlhy_aiZiL3JkuQrMoBEruIAltzCGgItX) on [YouTube](https://YouTube.com/@EmergingCrypto)!\n\n\n\n[![YT 4 Weekly Update Cover Square.jpg](https://cdn.steemitimages.com/DQmaHrPSRKVUqrPBbMBxzVxkDNAndzrbgZz3JQrpy4Zbdg2/YT%204%20Weekly%20Update%20Cover%20Square.jpg)](https://www.youtube.com/playlist?list=PLlhy_aiZiL3I8LnWb-E0TnyKAk-ACO3_Z)\n\n\n\n## Asia\n\n![fikry-anshor-znZFuVcGen4-unsplash.jpg](https://cdn.steemitimages.com/DQmXzGNdkLENup7SN7zxv6LMW2zbDTAWbSGdTDDR9VFpcuP/fikry-anshor-znZFuVcGen4-unsplash.jpg)\nImage Credit: Fikry Anshor via Unsplash\n\n[Can Crypto Save Capitalism? Animoca Brands Chairman Yat Siu Weighs In (4 minute read)](https://decrypt.co/122504/crypto-capitalist-narrative-animoca-yat-siu)\n\nAccording to Animoca Brands Chairman Yat Siu, crypto's negative perception in the West is due to anti-capitalist rhetoric, especially among younger generations who have seen capitalism fail them. Siu argues that Asia has a more positive attitude towards capitalism, leading to a more accepting view of crypto. He believes that crypto and Web3 can save the capitalist narrative by reintroducing democracy and profit-sharing. However, American lawmakers and regulators have turned up the heat on crypto, and views on the industry are becoming increasingly partisan.\n\n[India Positions Itself as the Voice for the Global South on Crypto Rules (3 minute read)](https://asia.nikkei.com/Spotlight/Cryptocurrencies/India-presses-for-crypto-rules-at-G-20-but-faces-hurdles-toward-ban)\n\nThe G-20 finance and central bank chiefs discussed cryptocurrency regulation but did not support an outright ban, as India had considered. The ministers called for a \"coordinated and comprehensive policy approach to crypto assets\" that considers the full range of risks. The International Monetary Fund and Financial Stability Board are working on developing an international framework for crypto regulation, while India may be positioning itself as a voice for the Global South on the issue.\n\nWant more Asia news?\n•[Hong Kong courts crypto industry as other governments crack down](https://asia.nikkei.com/Spotlight/Market-Spotlight/Hong-Kong-courts-crypto-industry-as-other-governments-crack-down)\n•[Three Japanese Banks Start Stablecoin Experiment](https://www.coindesk.com/business/2023/03/02/three-japanese-banks-start-stablecoin-experiment/)\n•[Hong Kong citizens not interested in digital yuan: Reports](https://cointelegraph.com/news/hong-kong-citizens-not-interested-in-digital-yuan-reports)\n•[Dubai’s Crypto Industry Welcomes New Licensing Regime Amid Global Regulatory Uncertainty](https://www.coindesk.com/policy/2023/03/02/dubais-crypto-industry-welcomes-new-licensing-regime-amid-global-regulatory-uncertainty/)\n•[Avanza Group to Develop Pakistan’s First Blockchain-Based National eKYC Banking Platform](https://www.unlock-bc.com/98038/avanza-group-to-develop-pakistans-first-blockchain-based-national-ekyc-banking-platform/)\n\n## Africa\n\n![2 - oyemike-princewill-ZP7cq__1kAc-unsplash.jpg](https://cdn.steemitimages.com/DQmbpy95SC6AE7uqjbBq1gLnzQ34vjVy8LX869uLwRr4ALP/2%20-%20oyemike-princewill-ZP7cq__1kAc-unsplash.jpg)\nImage Credit: Oyemike Princewill via Unsplash\n\n[From Naira to Crypto: Nigerians Turn to Bitcoin Amidst Currency Chaos (12 minute read)](https://www.forbes.com/sites/abubakarnurkhalil/2023/03/01/nigerian-election-and-naira-crisis-is-fueling-bitcoin-adoption/)\n\nBitcoin has become a more attractive option for Nigerians seeking a safe haven for their finances. Nigeria is currently facing a cash crisis caused by the redesign of the naira notes, political instability, and economic conditions, resulting in high inflation and a cash shortage. The redesign of the naira notes has caused logistical issues, with shortages and long lines at ATMs, and the deadline for the old notes to remain legal tender has been extended. Nigeria now has three separate nairas in circulation, including the digital naira, and the eNaira which has seen dismal adoption rates.\n\n[Blockchain Meets WhatsApp: Zimbabwean Immigrants in South Africa Get a New Payment Platform (2 minute read)](https://bitcoinke.io/2023/03/flex-id-uhuru-wallet-launch-an-integrated-platform/)\n\nZimbabwean blockchain startup, Flex ID, and South African WhatsApp-based remittance platform, Uhuru Wallet, have announced a collaboration to launch an integrated digital identity and remittance platform targeting Zimbabwean immigrants residing in South Africa. The platform will address issues such as high sending fees, limited access to formal financial services, and identity verification problems. The integrated platform is expected to provide a seamless and secure remittance experience for Zimbabwean immigrants, and the collaboration is the first cross-chain collaboration, with Flex ID working on the Algorand blockchain and Uhuru Wallet built on the Stellar blockchain.\n\nWant more Africa news?\n•[USDT is Extremely Popular in Emerging Markets like Africa – A Chat with Chief Technology Officer, Tether](https://bitcoinke.io/2023/03/a-chat-with-cto-tether/)\n•[Chipper Cash Lays Off a Further 100 Employees (1/3 of Workforce) – Claims Crypto Department Still Operational](https://bitcoinke.io/2023/03/chipper-cash-lays-off-more-employees/)\n•[Cardano’s Founding Entity, Emurgo, Signs an MoU with Nigeria’s Pan-Atlantic University to Co-Develop and Build Web3 Training Programs for Students](https://bitcoinke.io/2023/02/emurgo-signs-mou-with-pan-atlantic-university/)\n•[The state of Cryptocurrency Adoption in Tunisia](https://web3africa.news/2023/02/27/news/cryptocurrency-in-tunisia-defies-its-very-laws/)\n•[Zambia test cryptocurrency regulation using blockchain technology](https://web3africa.news/2023/02/27/news/zambia-test-cryptocurrency-regulation-using-blockchain-technology/)\n\n## Eastern Europe\n\n![3 - fly-d (2)-9VteYucwEpM-unsplash.jpg](https://cdn.steemitimages.com/DQmPboxeyJ25xuuja2M6Au1iYNmyhcDx7dtVwkeE39uHxh1/3%20-%20fly-d%20(2)-9VteYucwEpM-unsplash.jpg)\nImage Credit: Fly:D via Unsplash\n\n[Report Accuses Binance, Huobi, and KuCoin of Facilitating Russian Sanctions Evasion (2 minute read)](https://ledgerinsights.com/russia-sanctions-crypto-exchanges-huobi-kucoin-binance/)\n\nCrypto intelligence firm Inca Digital has published a report alleging that the Tether stablecoin and other cryptocurrencies have been used to violate Russian sanctions via cryptocurrency exchanges. The report alleges that Russian citizens can easily convert their local currency into crypto on these exchanges without KYC (know your customer) for up to the equivalent of $10,000, and that transactions can be disguised by displaying payments to non-Russian utility companies. Huobi, KuCoin, and Binance are named in the report, which states that they allow transactions for their P2P platforms that use sanctioned Russian banks for deposits. \n\n[Ukraine Pushes Forward with Crypto Legislation Despite War with Russia (2 minute read)](https://cointelegraph.com/news/war-had-no-impact-on-ukraine-s-regulatory-approach-to-crypto-kyiv-lawmaker-says)\n\nUkraine has been working on developing cryptocurrency legislation to integrate better EU norms and rules into its markets. Despite the war with Russia, the country's regulatory stance remains unchanged, and the National Commission on Securities and Stock Market has been actively cooperating with international colleagues to implement regulations like Markets in Crypto Assets (MiCA). Amendments to the draft law \"On Virtual Assets\" are being finalized to adapt it to MiCA, and Ukraine plans to officially launch its virtual assets market by the end of 2023.\n\nWant more Eastern Europe news?\n•[Ukraine netted $70M in crypto donations since start of Russia conflict](https://cointelegraph.com/news/ukraine-netted-70m-in-crypto-donations-since-start-of-russia-conflict)\n•[MKB issued Russia's first digital bank guarantee in yuan (Russian)](https://www.rbc.ru/crypto/news/63ff46b09a79476e90333cf5)\n•[The creation of the first closed-end investment fund for mining began in Russia (Russian)](https://www.rbc.ru/crypto/news/63feec129a794740dcf7f4bf)\n•[Real transactions with the digital ruble will be tested by 13 Russian banks (Russian)](https://tass.ru/ekonomika/17180197)\n•[The Bank of Russia intends to introduce limits on digital wallet balances (Russian)](https://tass.ru/ekonomika/17181225)\n\n## Latin America and the Caribbean\n\n![4 - guerrillabuzz-rISmip9iFHA-unsplash.jpg](https://cdn.steemitimages.com/DQmcnJCP1FjEFzVHHH4tevBHGkxbfRZKxJufvm7TCuHBvEv/4%20-%20guerrillabuzz-rISmip9iFHA-unsplash.jpg)\nImage Credit: GuerrillaBuzz via Unsplash\n\n[Polygon Expands Reach in Latin America With Ripio Integration (2 minute read, Portuguese)](https://www.blocknews.com.br/criptoativos/ripio-e-integrada-a-polygon-dando-mais-opcoes-a-clientes-e-expandindo-protocolo-na-regiao/?utm_source=rss&utm_medium=rss&utm_campaign=ripio-e-integrada-a-polygon-dando-mais-opcoes-a-clientes-e-expandindo-protocolo-na-regiao)\n\nArgentinian exchange Ripio has integrated with Polygon's proof-of-stake protocol, enabling users in Latin America to use Ripio's products on the Polygon ecosystem. The integration will offer cheaper transaction rates than Ethereum and allow access to decentralized finance protocols, NFT marketplaces, and gaming networks. Ripio is also developing a B2B blockchain with support from Polygon Labs, expanding the protocol's network in Latin America.\n\n[Puerto Rico Welcomes Blockchain Companies with Tax Incentives (2 minute read, Spanish)](https://www.criptonoticias.com/regulacion/puerto-rico-definio-marco-regulatorio-blockchains/)\n\nThe Department of Economic Development and Commerce of Puerto Rico has approved a regulation that aims to attract blockchain companies and digital assets to the island by offering tax exemptions based on Law 60 of Puerto Rico. The legislation, which dates back to 2019, provides a group of tax exemptions to attract investors from the Bitcoin and blockchain industries. Puerto Rico has become an attractive location for those in the Bitcoin ecosystem due to its low taxes, and at least 1,200 investor applications were registered on the island at the beginning of 2022.\n\nWant more Latin America and Caribbean news?\n•[Digital real pilot starts next month and BC told the US that custody of cryptos by banks would avoid FTX case (Portuguese)](https://www.blocknews.com.br/governos/piloto-do-real-digital-comeca-em-marco-e-bc-disse-aos-eua-que-custodia-de-criptos-por-bancos-evitaria-caso-ftx/?utm_source=rss&utm_medium=rss&utm_campaign=piloto-do-real-digital-comeca-em-marco-e-bc-disse-aos-eua-que-custodia-de-criptos-por-bancos-evitaria-caso-ftx)\n•[Swapix will have Pix Withdrawal function for converting tether to reais (Portuguese)](https://www.blocknews.com.br/criptoativos/swapix-tera-funcao-de-pix-saque-para-conversao-de-tether-para-reais/?utm_source=rss&utm_medium=rss&utm_campaign=swapix-tera-funcao-de-pix-saque-para-conversao-de-tether-para-reais)\n•[Mercado Bitcoin announces tokenization in projects aimed at recycling electronic waste and direct sales (Portuguese)](https://cointelegraph.com.br/news/mercado-bitcoin-announces-tokenization-of-projects-aimed-at-recycling-electronic-waste-and-direct-sales)\n•[Nubank launches Nucoin, crypto for rewards and customer engagement (Portuguese)](https://www.blocknews.com.br/criptoativos/nubank-lanca-nucoin-token-para-recompensas-e-engajamento-de-clientes/?utm_source=rss&utm_medium=rss&utm_campaign=nubank-lanca-nucoin-token-para-recompensas-e-engajamento-de-clientes)\n•[Bitcoin reaches areas of El Salvador that were controlled by gangs (Spanish)](https://www.criptonoticias.com/comunidad/bitcoin-llega-zonas-el-salvador-eran-controladas-pandillas/)\n\n## Thanks for reading and have a great week ahead!\n\n## What did you think of today's newspaper?\n[Awesome](https://docs.google.com/forms/d/1vpC-yv-MFNDhEQZK-2BrcW0E1UG6aWvMYM_pClY9XZg/edit) I [Great](https://docs.google.com/forms/d/1vpC-yv-MFNDhEQZK-2BrcW0E1UG6aWvMYM_pClY9XZg/edit) I [Good](https://docs.google.com/forms/d/1vpC-yv-MFNDhEQZK-2BrcW0E1UG6aWvMYM_pClY9XZg/edit) I [Okay](https://docs.google.com/forms/d/1vpC-yv-MFNDhEQZK-2BrcW0E1UG6aWvMYM_pClY9XZg/edit) I [Bad](https://docs.google.com/forms/d/1vpC-yv-MFNDhEQZK-2BrcW0E1UG6aWvMYM_pClY9XZg/edit)\n\nIf you have any comments or feedback, leave a comment below!\n\nWant to receive this weekly in your email inbox? Then [tap here to sign up](https://EmergingCrypto.io)\n\nWritten by Jon Lira, Founder of EmergingCrypto.io. Connect with him on [LinkedIn](https://LinkedIn.com/in/jonlira).\n\n🤖Connect with us across the web here👉https://linktr.ee/emergingcrypto.io",
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      "body": "<Center>\n![0225 Cover Wide.jpg](https://cdn.steemitimages.com/DQmTKfSqQ5RnPAEVexyFdz5CumSTARZbZ6ChS2K8KSH5t9d/0225%20Cover%20Wide.jpg)</Center>\n\nThis is the EmergingCrypto.io weekly update. Want to receive this weekly in your email inbox? Then [tap here to sign up](https://www.emergingcrypto.io)\n\nEmergingCrypto.io is the🌍's only weekly newspaper dedicated to web3 news from emerging markets. 🤖Connect with us across the web here👉https://linktr.ee/emergingcrypto.io\n\n## In This Issue\n### Latin America and The Caribbean\n🔸Blockchain Considered as a Solution to Combat Illegal Gold Mining\n🔸Freelancers in Latin America Increasingly Prefer to Be Paid in Bitcoin\n\n### Africa\n🔸Two African Projects Win Human Rights Foundation Bitcoin Grant\n🔸Due to Dismal Adoption, Nigeria Seeks New Partner for CBDC Tech Revamp\n\n### Asia\n🔸Hong Kong Forms Task Force To Seize Web3 'Golden Opportunity'\n🔸Bank of Israel Proposes New Regulation for Stablecoins, Algorithmic Stablecoins to Be Prohibited\n\n### Eastern Europe\n🔸Russian Founders of DeFi Platform Charged with Running a Global Ponzi Scheme\n🔸Experts Skeptical of Russia's Digital Financial Asset Trials\n\n### Clips from Season 1 of EmergingVoices are now on [YouTube!](https://www.youtube.com/playlist?list=PLlhy_aiZiL3I8LnWb-E0TnyKAk-ACO3_Z)\n\n<center>![Podcast Announcement - No dates, just names.jpg](https://cdn.steemitimages.com/DQmZVXD7i8mWTejfkdkt4PKzqi9tByX3RUBQqkiTpTKmmvd/Podcast%20Announcement%20-%20No%20dates,%20just%20names.jpg)</center>\n\n## Latin America and The Caribbean\n\n![1 - jingming-pan-Y9U4XZYbSQ4-unsplash.jpg](https://cdn.steemitimages.com/DQmWPSkb3vw6ThivUUfZijbR5QHJHYMx6jL4JR37c8v7fQZ/1%20-%20jingming-pan-Y9U4XZYbSQ4-unsplash.jpg)\nImage Credit: Jingming Pan via Unsplash\n\n[Blockchain Considered as a Solution to Combat Illegal Gold Mining (3 minute read, Portuguese)](https://cointelegraph.com.br/news/to-avoid-illegal-gold-mining-in-the-yanomami-area-entities-want-to-use-blockchain)\n\nTo combat illegal gold mining on indigenous lands in the Amazon, a bill has been introduced in the Brazilian legislature to establish a blockchain-based tracking system for all gold mined and extracted in Brazil. Illegal gold mining has negatively impacted the production and commercialization of Brazilian gold on the international market after reports of [children dying of malnutrition and other diseases caused by illegal gold mining](https://www.reuters.com/world/americas/brazil-declares-emergency-over-deaths-yanomami-children-malnutrition-2023-01-22/) in the Yanomami territory, the country's largest indigenous reservation bordering Venezuela. The purchase and sale of gold in Brazil takes place in a gray area of   the market, where there is no proof of origin and traceability, which raises concerns about the industry’s reputation.\n\n[Freelancers in Latin America Increasingly Prefer to Be Paid in Bitcoin (2 minute read, Spanish)](https://www.criptonoticias.com/comunidad/mas-60-freenlancers-latinoamerica-prefiere-pagos-bitcoin/)\n\nRemote workers and freelancers in Latin America are increasingly opting for cryptocurrency as a form of payment, with 64% of workers in the region choosing to receive their salary in bitcoin. This rise in cryptocurrency payments occurred despite the fall in the market, with the economic crisis and inflation in the region prompting workers to protect their income with bitcoin. Argentine workers are reported to have the highest preference to be paid in bitcoin.\n\nWant more Latin America and Caribbean news?\n•[Ripio launches multi-chain Web3 wallet; cryptocurrency course at B3 and PicPay tests investment offer (Portuguese)](https://www.blocknews.com.br/criptoativos/ripio-lanca-carteira-web3-multi-chain-curso-de-criptos-na-b3-e-picpay-testa-oferta-de-investimentos/?utm_source=rss&utm_medium=rss&utm_campaign=ripio-lanca-carteira-web3-multi-chain-curso-de-criptos-na-b3-e-picpay-testa-oferta-de-investimentos)\n•[Upland launches São Paulo city into the metaverse (Portuguese)](https://www.blocknews.com.br/corporativo/upland-lanca-cidade-de-sao-paulo-no-metaverso-com-25-mil-terrenos-a-venda/?utm_source=rss&utm_medium=rss&utm_campaign=upland-lanca-cidade-de-sao-paulo-no-metaverso-com-25-mil-terrenos-a-venda)\n•[Bitcoin exchanges are taken by surprise and are still studying how to act with new Central Bank rules that affect the PIX (Portuguese)](https://cointelegraph.com.br/news/brazilan-central-bank-changes-rules-and-bitcoin-exchanges-in-brazil-now-need-bc-authorization-to-use-pix)\n•[Agro is verse, agro is block: metaverse, blockchain and urban plantations are the focus for the future of agriculture in Brazil (Portuguese)](https://cointelegraph.com.br/news/agro-is-pop-agro-is-tech-metaverso-and-urban-plantations-are-the-focus-for-the-future-of-agriculture-in-brazil)\n•[B3 and QR Asset launch a 100% free online course on crypto assets (Portuguese)](https://cointelegraph.com.br/news/b3-and-qr-asset-launch-new-free-course-on-crypto-assets)\n\n## Africa\n\n![2 - HRF Black.png](https://cdn.steemitimages.com/DQmXkj4r86ZNejeZv1YG8i1UGpG3sedEnynXMNufZdvjize/2%20-%20HRF%20Black.png)\nImage Credit: Human Rights Foundation\n\n[Two African Projects Win Human Rights Foundation Bitcoin Grant (2 minute read)](https://bitcoinke.io/2023/02/human-rights-foundation-grants-qala-fellowship-program/)\n\nQala, a fellowship program for training the next generation of African Bitcoin and Lightning developers, and the Africa Bitcoin Conference, the leading conference in Africa that focuses on Bitcoin, each have been awarded a grant from the Human Rights Foundation's (HRF) Bitcoin Development Fund. Qala and the African Bitcoin Conference received $100K and $75K in bitcoin respectively. Since 2020, the HRF has provided over $2.2mm in both BTC and USD to support more than 70 developers, educators, and open-source initiatives around the world.\n\n[Due to Dismal Adoption, Nigeria Seeks New Partner for CBDC Tech Revamp (2 minute read)](https://www.bloomberg.com/news/articles/2023-02-21/nigeria-seeks-new-tech-partners-to-revamp-enaira-central-bank-digital-currency?sref=3REHEaVI)\n\nThe Central Bank of Nigeria (CBN) is in talks with potential technology partners to develop a new system to maintain full control of the technology behind its central bank digital currency, the e-Naira. One person familiar with the matter said the CBN is in discussion with New York-based firm, R3. With a population of over 200 million in Nigeria, adoption of the e-Naira has been dismal, with only around one million downloads of digital wallets as of October 2022.\n\nWant more Africa news?\n•[The Central Bank of Rwanda Issues Public Notice Warning Against Cryptocurrencies Including Stablecoins](https://bitcoinke.io/2023/02/rwanda-central-bank-issues-warning-against-crypto/)\n•[Bank of Zambia and SEC Zambia Currently Looking at Crypto Regulation, Says Technology Minister](https://bitcoinke.io/2023/02/zambia-looking-to-regulate-cryptocurrency/)\n•[The Senate of Kenya Resolves to Engage the Central Bank of Kenya on Crypto Policy](https://bitcoinke.io/2023/02/kenya-senate-resolves-to-pursue-crypto-policy/)\n•[Crypto adoption growth demands for improved infrastructure in Africa](https://web3africa.news/2023/02/20/news/crypto-adoption-growth-demands-for-improved-infrastructure-in-africa/)\n•[Opportunities and Challenges of Cryptocurrency Adoption in Seychelles](https://web3africa.news/2023/02/21/news/the-state-of-cryptocurrency-in-seychelles/)\n\n## Asia\n\n![3 - daniam-chou-E4ZSF_ohe-E-unsplash.jpg](https://cdn.steemitimages.com/DQmPpaQUKvFj8SfiFt53fsdEC3T6Q6Q7L8dvNYV9Z9x78rJ/3%20-%20daniam-chou-E4ZSF_ohe-E-unsplash.jpg)\nImage Credit: Daniam Chou via Unsplash\n\n[Hong Kong Forms Task Force To Seize Web3 'Golden Opportunity' (2 minute read)](https://decrypt.co/121903/web3-golden-opportunity-hong-kong-finance-secretary)\n\nHong Kong's Financial Secretary, Paul Chan, has announced the creation of a task force on virtual asset development to bring together policymakers, regulators, and crypto industry players to develop sustainable and responsible growth for the sector to seize the \"golden opportunity\" that web3 poses. Chan's budget speech also allocated HKD50mm ($6.37mm) to support the Web3 hub at Hong Kong’s creative digital community, Cyberport. The move follows the Securities and Futures Commission's proposal to allow all types of investors access to virtual asset trading platforms, subject to various conditions.\n\n[Bank of Israel Proposes New Regulation for Stablecoins, Algorithmic Stablecoins to Be Prohibited (2 minute read)](https://ledgerinsights.com/bank-of-israel-stablecoin-plans-regulation/)\n\nThe Bank of Israel has published a consultation paper on the regulation of stablecoins in the country. The proposals suggest that algorithmic stablecoins will not be allowed and issuers may be allowed to have some central bank deposits as part of the stablecoin reserves. The proposals also include the need for issuers to be licensed, stablecoins to be 100% collateralized, reserve assets to be held in short-term government bonds and Bank of Israel deposits, and customers to have direct rights to collateral in the event of insolvency.\n\nWant more Asia news?\n•[Gemini co-founder: Crypto’s next bull run will start in Asia](https://blockchain.news/news/gemini-co-founder-cryptos-next-bull-run-will-start-in-asia)\n•[Hong Kong’s Crypto Hub Ambitions Win Quiet Backing From Beijing](https://www.bloomberg.com/news/articles/2023-02-21/hong-kong-s-crypto-hub-ambitions-win-quiet-backing-from-beijing)\n•[Head of BIS envisions unified ledger for CBDC, tokenized deposits, digital assets](https://www.bloomberg.com/news/articles/2023-02-21/hong-kong-s-crypto-hub-ambitions-win-quiet-backing-from-beijing)\n•[Former Binance Exec to Gather $100M to Accelerate Crypto Adoption in UAE](https://www.unlock-bc.com/97674/former-binance-exec-to-gather-100m-to-accelerate-crypto-adoption-in-uae/)\n•[Tencent to Offer Metaverse-Building Services for Asian Markets](https://news.bitcoin.com/tencent-to-offer-metaverse-building-services-for-asian-markets/)\n\n## Eastern Europe\n\n![4 - sebastiaan-stam-p50nuZendPE-unsplash.jpg](https://cdn.steemitimages.com/DQmewj3tKALjC6Mrq97hUVGXPWoDkEuP4ks9G9N9WKksueF/4%20-%20sebastiaan-stam-p50nuZendPE-unsplash.jpg)\nImage Credit: sebastiaan-stam via Unsplash\n\n[Russian Founders of DeFi Platform Charged with Running a Global Ponzi Scheme (2 minute read)](https://news.bitcoin.com/russian-founders-of-defi-platform-forsage-indicted-in-340-million-crypto-ponzi-scheme/)\n\nFour Russian citizens have been charged with operating a cryptocurrency pyramid and Ponzi scheme through the decentralized finance platform, Forsage, which allegedly defrauded investors of around $340 million. The defendants, who promoted the project as a legitimate, low-risk business opportunity through its website and social media, are each charged with conspiracy to commit wire fraud, and face up to 20 years in prison if convicted. Blockchain forensics showed that over 80% of Forsage investors received fewer ether back than they had invested, and at least one smart contract was used to divert investors’ money to cryptocurrency accounts controlled by the founders.\n\n[Experts Skeptical of Russia's Digital Financial Asset Trials (4 minute read, Russian)](https://www.kommersant.ru/doc/5839476)\n\nAlfa-Bank has conducted a trial issue of digital financial assets (DFA) worth RUB 10 million, secured only by monetary rights, making it the first banking DFA of its kind. While other market participants are also planning new issues, experts remain skeptical about the segment, calling it an unsuccessful experiment that will never attract enough players due to unresolved issues surrounding taxation, liquidity, and infrastructure. Trading volumes in the DFA market are still minimal, and the segment is considered a tool for a very closed circle of people.\n\nWant more Eastern Europe news?\n•[Ingosstrakh: the digital ruble will make insurance payments instant (Russian)](https://www.rbc.ru/crypto/news/63f3782b9a7947fdabf22e7e)\n•[The bill on the legalization of mining will be submitted to the State Duma (Russian)](https://1prime.ru/cripta/20230221/839869736.html)\n•[Vinnik's lawyer allowed the possibility of his exchange (Russian)](https://forklog.com/news/advokat-vinnika-dopustil-vozmozhnost-ego-obmena)\n•[Millions in crypto donations pour for Turkey and Syria earthquake relief](https://finbold.com/millions-in-crypto-donations-pour-for-turkey-and-syria-earthquake-relief/)\n•[A resident of Belarus lost $70,000 in an attempt to cash out cryptocurrency (Russian)](https://forklog.com/news/zhitel-belarusi-poteryal-70-000-v-popytke-obnalichit-kriptovalyutu)\n\n## Thanks for reading and have a great week ahead!\n\n## What did you think of today's newspaper?\n[Awesome](https://docs.google.com/forms/d/1vpC-yv-MFNDhEQZK-2BrcW0E1UG6aWvMYM_pClY9XZg/edit) I [Great](https://docs.google.com/forms/d/1vpC-yv-MFNDhEQZK-2BrcW0E1UG6aWvMYM_pClY9XZg/edit) I [Good](https://docs.google.com/forms/d/1vpC-yv-MFNDhEQZK-2BrcW0E1UG6aWvMYM_pClY9XZg/edit) I [Okay](https://docs.google.com/forms/d/1vpC-yv-MFNDhEQZK-2BrcW0E1UG6aWvMYM_pClY9XZg/edit) I [Bad](https://docs.google.com/forms/d/1vpC-yv-MFNDhEQZK-2BrcW0E1UG6aWvMYM_pClY9XZg/edit)\n\nIf you have any comments or feedback, leave a comment below!\n\nWant to receive this weekly in your email inbox? Then [tap here to sign up](https://EmergingCrypto.io)\n\nWritten by Jon Lira, Founder of EmergingCrypto.io. Connect with him on [LinkedIn](https://LinkedIn.com/in/jonlira).\n\n🤖Connect with us across the web here👉https://linktr.ee/emergingcrypto.io",
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      "body": "<Center>\n![0225 Cover Wide.jpg](https://cdn.steemitimages.com/DQmTKfSqQ5RnPAEVexyFdz5CumSTARZbZ6ChS2K8KSH5t9d/0225%20Cover%20Wide.jpg)</Center>\n\nThis is the EmergingCrypto.io weekly update. Want to receive this weekly in your email inbox? Then [tap here to sign up](https://www.emergingcrypto.io)\n\nEmergingCrypto.io is the🌍's only weekly newspaper dedicated to web3 news from emerging markets. 🤖Connect with us across the web here👉https://linktr.ee/emergingcrypto.io\n\n## In This Issue\n### Latin America and The Caribbean\n🔸Blockchain Considered as a Solution to Combat Illegal Gold Mining\n🔸Freelancers in Latin America Increasingly Prefer to Be Paid in Bitcoin\n\n### Africa\n🔸Two African Projects Win Human Rights Foundation Bitcoin Grant\n🔸Due to Dismal Adoption, Nigeria Seeks New Partner for CBDC Tech Revamp\n\n### Asia\n🔸Hong Kong Forms Task Force To Seize Web3 'Golden Opportunity'\n🔸Bank of Israel Proposes New Regulation for Stablecoins, Algorithmic Stablecoins to Be Prohibited\n\n### Eastern Europe\n🔸Russian Founders of DeFi Platform Charged with Running a Global Ponzi Scheme\n🔸Experts Skeptical of Russia's Digital Financial Asset Trials\n\n### Clips from Season 1 of EmergingVoices are now on [YouTube!](https://www.youtube.com/playlist?list=PLlhy_aiZiL3I8LnWb-E0TnyKAk-ACO3_Z)\n\n<center>![Podcast Announcement - No dates, just names.jpg](https://cdn.steemitimages.com/DQmZVXD7i8mWTejfkdkt4PKzqi9tByX3RUBQqkiTpTKmmvd/Podcast%20Announcement%20-%20No%20dates,%20just%20names.jpg)</center>\n\n## Latin America and The Caribbean\n\n![1 - jingming-pan-Y9U4XZYbSQ4-unsplash.jpg](https://cdn.steemitimages.com/DQmWPSkb3vw6ThivUUfZijbR5QHJHYMx6jL4JR37c8v7fQZ/1%20-%20jingming-pan-Y9U4XZYbSQ4-unsplash.jpg)\nImage Credit: Jingming Pan via Unsplash\n\n[Blockchain Considered as a Solution to Combat Illegal Gold Mining (3 minute read, Portuguese)](https://cointelegraph.com.br/news/to-avoid-illegal-gold-mining-in-the-yanomami-area-entities-want-to-use-blockchain)\n\nTo combat illegal gold mining on indigenous lands in the Amazon, a bill has been introduced in the Brazilian legislature to establish a blockchain-based tracking system for all gold mined and extracted in Brazil. Illegal gold mining has negatively impacted the production and commercialization of Brazilian gold on the international market after reports of [children dying of malnutrition and other diseases caused by illegal gold mining](https://www.reuters.com/world/americas/brazil-declares-emergency-over-deaths-yanomami-children-malnutrition-2023-01-22/) in the Yanomami territory, the country's largest indigenous reservation bordering Venezuela. The purchase and sale of gold in Brazil takes place in a gray area of   the market, where there is no proof of origin and traceability, which raises concerns about the industry’s reputation.\n\n[Freelancers in Latin America Increasingly Prefer to Be Paid in Bitcoin (2 minute read, Spanish)](https://www.criptonoticias.com/comunidad/mas-60-freenlancers-latinoamerica-prefiere-pagos-bitcoin/)\n\nRemote workers and freelancers in Latin America are increasingly opting for cryptocurrency as a form of payment, with 64% of workers in the region choosing to receive their salary in bitcoin. This rise in cryptocurrency payments occurred despite the fall in the market, with the economic crisis and inflation in the region prompting workers to protect their income with bitcoin. Argentine workers are reported to have the highest preference to be paid in bitcoin.\n\nWant more Latin America and Caribbean news?\n•[Ripio launches multi-chain Web3 wallet; cryptocurrency course at B3 and PicPay tests investment offer (Portuguese)](https://www.blocknews.com.br/criptoativos/ripio-lanca-carteira-web3-multi-chain-curso-de-criptos-na-b3-e-picpay-testa-oferta-de-investimentos/?utm_source=rss&utm_medium=rss&utm_campaign=ripio-lanca-carteira-web3-multi-chain-curso-de-criptos-na-b3-e-picpay-testa-oferta-de-investimentos)\n•[Upland launches São Paulo city into the metaverse (Portuguese)](https://www.blocknews.com.br/corporativo/upland-lanca-cidade-de-sao-paulo-no-metaverso-com-25-mil-terrenos-a-venda/?utm_source=rss&utm_medium=rss&utm_campaign=upland-lanca-cidade-de-sao-paulo-no-metaverso-com-25-mil-terrenos-a-venda)\n•[Bitcoin exchanges are taken by surprise and are still studying how to act with new Central Bank rules that affect the PIX (Portuguese)](https://cointelegraph.com.br/news/brazilan-central-bank-changes-rules-and-bitcoin-exchanges-in-brazil-now-need-bc-authorization-to-use-pix)\n•[Agro is verse, agro is block: metaverse, blockchain and urban plantations are the focus for the future of agriculture in Brazil (Portuguese)](https://cointelegraph.com.br/news/agro-is-pop-agro-is-tech-metaverso-and-urban-plantations-are-the-focus-for-the-future-of-agriculture-in-brazil)\n•[B3 and QR Asset launch a 100% free online course on crypto assets (Portuguese)](https://cointelegraph.com.br/news/b3-and-qr-asset-launch-new-free-course-on-crypto-assets)\n\n## Africa\n\n![2 - HRF Black.png](https://cdn.steemitimages.com/DQmXkj4r86ZNejeZv1YG8i1UGpG3sedEnynXMNufZdvjize/2%20-%20HRF%20Black.png)\nImage Credit: Human Rights Foundation\n\n[Two African Projects Win Human Rights Foundation Bitcoin Grant (2 minute read)](https://bitcoinke.io/2023/02/human-rights-foundation-grants-qala-fellowship-program/)\n\nQala, a fellowship program for training the next generation of African Bitcoin and Lightning developers, and the Africa Bitcoin Conference, the leading conference in Africa that focuses on Bitcoin, each have been awarded a grant from the Human Rights Foundation's (HRF) Bitcoin Development Fund. Qala and the African Bitcoin Conference received $100K and $75K in bitcoin respectively. Since 2020, the HRF has provided over $2.2mm in both BTC and USD to support more than 70 developers, educators, and open-source initiatives around the world.\n\n[Due to Dismal Adoption, Nigeria Seeks New Partner for CBDC Tech Revamp (2 minute read)](https://www.bloomberg.com/news/articles/2023-02-21/nigeria-seeks-new-tech-partners-to-revamp-enaira-central-bank-digital-currency?sref=3REHEaVI)\n\nThe Central Bank of Nigeria (CBN) is in talks with potential technology partners to develop a new system to maintain full control of the technology behind its central bank digital currency, the e-Naira. One person familiar with the matter said the CBN is in discussion with New York-based firm, R3. With a population of over 200 million in Nigeria, adoption of the e-Naira has been dismal, with only around one million downloads of digital wallets as of October 2022.\n\nWant more Africa news?\n•[The Central Bank of Rwanda Issues Public Notice Warning Against Cryptocurrencies Including Stablecoins](https://bitcoinke.io/2023/02/rwanda-central-bank-issues-warning-against-crypto/)\n•[Bank of Zambia and SEC Zambia Currently Looking at Crypto Regulation, Says Technology Minister](https://bitcoinke.io/2023/02/zambia-looking-to-regulate-cryptocurrency/)\n•[The Senate of Kenya Resolves to Engage the Central Bank of Kenya on Crypto Policy](https://bitcoinke.io/2023/02/kenya-senate-resolves-to-pursue-crypto-policy/)\n•[Crypto adoption growth demands for improved infrastructure in Africa](https://web3africa.news/2023/02/20/news/crypto-adoption-growth-demands-for-improved-infrastructure-in-africa/)\n•[Opportunities and Challenges of Cryptocurrency Adoption in Seychelles](https://web3africa.news/2023/02/21/news/the-state-of-cryptocurrency-in-seychelles/)\n\n## Asia\n\n![3 - daniam-chou-E4ZSF_ohe-E-unsplash.jpg](https://cdn.steemitimages.com/DQmPpaQUKvFj8SfiFt53fsdEC3T6Q6Q7L8dvNYV9Z9x78rJ/3%20-%20daniam-chou-E4ZSF_ohe-E-unsplash.jpg)\nImage Credit: Daniam Chou via Unsplash\n\n[Hong Kong Forms Task Force To Seize Web3 'Golden Opportunity' (2 minute read)](https://decrypt.co/121903/web3-golden-opportunity-hong-kong-finance-secretary)\n\nHong Kong's Financial Secretary, Paul Chan, has announced the creation of a task force on virtual asset development to bring together policymakers, regulators, and crypto industry players to develop sustainable and responsible growth for the sector to seize the \"golden opportunity\" that web3 poses. Chan's budget speech also allocated HKD50mm ($6.37mm) to support the Web3 hub at Hong Kong’s creative digital community, Cyberport. The move follows the Securities and Futures Commission's proposal to allow all types of investors access to virtual asset trading platforms, subject to various conditions.\n\n[Bank of Israel Proposes New Regulation for Stablecoins, Algorithmic Stablecoins to Be Prohibited (2 minute read)](https://ledgerinsights.com/bank-of-israel-stablecoin-plans-regulation/)\n\nThe Bank of Israel has published a consultation paper on the regulation of stablecoins in the country. The proposals suggest that algorithmic stablecoins will not be allowed and issuers may be allowed to have some central bank deposits as part of the stablecoin reserves. The proposals also include the need for issuers to be licensed, stablecoins to be 100% collateralized, reserve assets to be held in short-term government bonds and Bank of Israel deposits, and customers to have direct rights to collateral in the event of insolvency.\n\nWant more Asia news?\n•[Gemini co-founder: Crypto’s next bull run will start in Asia](https://blockchain.news/news/gemini-co-founder-cryptos-next-bull-run-will-start-in-asia)\n•[Hong Kong’s Crypto Hub Ambitions Win Quiet Backing From Beijing](https://www.bloomberg.com/news/articles/2023-02-21/hong-kong-s-crypto-hub-ambitions-win-quiet-backing-from-beijing)\n•[Head of BIS envisions unified ledger for CBDC, tokenized deposits, digital assets](https://www.bloomberg.com/news/articles/2023-02-21/hong-kong-s-crypto-hub-ambitions-win-quiet-backing-from-beijing)\n•[Former Binance Exec to Gather $100M to Accelerate Crypto Adoption in UAE](https://www.unlock-bc.com/97674/former-binance-exec-to-gather-100m-to-accelerate-crypto-adoption-in-uae/)\n•[Tencent to Offer Metaverse-Building Services for Asian Markets](https://news.bitcoin.com/tencent-to-offer-metaverse-building-services-for-asian-markets/)\n\n## Eastern Europe\n\n![4 - sebastiaan-stam-p50nuZendPE-unsplash.jpg](https://cdn.steemitimages.com/DQmewj3tKALjC6Mrq97hUVGXPWoDkEuP4ks9G9N9WKksueF/4%20-%20sebastiaan-stam-p50nuZendPE-unsplash.jpg)\nImage Credit: sebastiaan-stam via Unsplash\n\n[Russian Founders of DeFi Platform Charged with Running a Global Ponzi Scheme (2 minute read)](https://news.bitcoin.com/russian-founders-of-defi-platform-forsage-indicted-in-340-million-crypto-ponzi-scheme/)\n\nFour Russian citizens have been charged with operating a cryptocurrency pyramid and Ponzi scheme through the decentralized finance platform, Forsage, which allegedly defrauded investors of around $340 million. The defendants, who promoted the project as a legitimate, low-risk business opportunity through its website and social media, are each charged with conspiracy to commit wire fraud, and face up to 20 years in prison if convicted. Blockchain forensics showed that over 80% of Forsage investors received fewer ether back than they had invested, and at least one smart contract was used to divert investors’ money to cryptocurrency accounts controlled by the founders.\n\n[Experts Skeptical of Russia's Digital Financial Asset Trials (4 minute read, Russian)](https://www.kommersant.ru/doc/5839476)\n\nAlfa-Bank has conducted a trial issue of digital financial assets (DFA) worth RUB 10 million, secured only by monetary rights, making it the first banking DFA of its kind. While other market participants are also planning new issues, experts remain skeptical about the segment, calling it an unsuccessful experiment that will never attract enough players due to unresolved issues surrounding taxation, liquidity, and infrastructure. Trading volumes in the DFA market are still minimal, and the segment is considered a tool for a very closed circle of people.\n\nWant more Eastern Europe news?\n•[Ingosstrakh: the digital ruble will make insurance payments instant (Russian)](https://www.rbc.ru/crypto/news/63f3782b9a7947fdabf22e7e)\n•[The bill on the legalization of mining will be submitted to the State Duma (Russian)](https://1prime.ru/cripta/20230221/839869736.html)\n•[Vinnik's lawyer allowed the possibility of his exchange (Russian)](https://forklog.com/news/advokat-vinnika-dopustil-vozmozhnost-ego-obmena)\n•[Millions in crypto donations pour for Turkey and Syria earthquake relief](https://finbold.com/millions-in-crypto-donations-pour-for-turkey-and-syria-earthquake-relief/)\n•[A resident of Belarus lost $70,000 in an attempt to cash out cryptocurrency (Russian)](https://forklog.com/news/zhitel-belarusi-poteryal-70-000-v-popytke-obnalichit-kriptovalyutu)\n\n## Thanks for reading and have a great week ahead!\n\n## What did you think of today's newspaper?\n[Awesome](https://docs.google.com/forms/d/1vpC-yv-MFNDhEQZK-2BrcW0E1UG6aWvMYM_pClY9XZg/edit) I [Great](https://docs.google.com/forms/d/1vpC-yv-MFNDhEQZK-2BrcW0E1UG6aWvMYM_pClY9XZg/edit) I [Good](https://docs.google.com/forms/d/1vpC-yv-MFNDhEQZK-2BrcW0E1UG6aWvMYM_pClY9XZg/edit) I [Okay](https://docs.google.com/forms/d/1vpC-yv-MFNDhEQZK-2BrcW0E1UG6aWvMYM_pClY9XZg/edit) I [Bad](https://docs.google.com/forms/d/1vpC-yv-MFNDhEQZK-2BrcW0E1UG6aWvMYM_pClY9XZg/edit)\n\nIf you have any comments or feedback, leave a comment below!\n\nWant to receive this weekly in your email inbox? Then [tap here to sign up](https://EmergingCrypto.io)\n\nWritten by Jon Lira, Founder of EmergingCrypto.io. Connect with him on [LinkedIn](https://LinkedIn.com/in/jonlira).\n\n🤖Connect with us across the web here👉https://linktr.ee/emergingcrypto.io",
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      "body": "@@ -438,16 +438,18 @@\n ube call\n+ed\n  %5BEmergi\n",
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      "author": "emergingcrypto",
      "body": "<Center>\n![02-18 Cover Wide.jpg](https://cdn.steemitimages.com/DQmTfGVEsNgVYtGYtWZ7BR1BkpWzy7PMTP9gkeUbMrw9P97/02-18%20Cover%20Wide.jpg)</Center>\n\nThis is the EmergingCrypto.io weekly update. Want to receive this weekly in your email inbox? Then [tap here to sign up](https://www.emergingcrypto.io)\n\nEmergingCrypto.io is the🌍's only weekly newspaper dedicated to web3 news from emerging markets. 🤖Connect with us across the web here👉https://linktr.ee/emergingcrypto.io\n\n## In This Issue\n### Asia\n🔸SEC Files Lawsuit Against Do Kwon and Terraform Labs\n🔸Hong Kong Government Issues World’s First Tokenized Green Bond\n\n### Africa\n🔸Nigeria's Cash Crisis Triggers Chaos and Protests, Driving Adoption of Bitcoin and Cryptocurrencies\n🔸RightfulShare and GoodDollar Launch Universal Basic Income Initiative Using Digital Currencies in South Africa\n\n### Latin America and The Caribbean\n🔸Brazil's Government Prepares Decree to Regulate Cryptocurrencies\n🔸Central Bank Head Says Digital Real Could Be a Significant Driver for Brazil’s Economy\n\n### Eastern Europe\n🔸Ukraine to Launch E-Hryvnia CBDC in 2024\n🔸Ukraine Hunts for the Crypto Addresses Used to Support the Russian Miliary\n\n### Clips from Season 1 of EmergingVoices are now on [YouTube!](https://www.youtube.com/playlist?list=PLlhy_aiZiL3I8LnWb-E0TnyKAk-ACO3_Z)\n\n\n<center>![Podcast Announcement - No dates, just names.jpg](https://cdn.steemitimages.com/DQmZVXD7i8mWTejfkdkt4PKzqi9tByX3RUBQqkiTpTKmmvd/Podcast%20Announcement%20-%20No%20dates,%20just%20names.jpg)</center>\n\n## Asia\n![Scott Rodgerson Unsplash and Woohae Cho Bloomberg.jpg](https://cdn.steemitimages.com/DQmXR72werVwAbKYQecFJdX1z4v4MtV5MWHCuFPMWfbq5fD/Scott%20Rodgerson%20Unsplash%20and%20Woohae%20Cho%20Bloomberg.jpg)\nImage Credit: Scott Rodgerson via Unsplash and Woohae Cho via Bloomberg\n\n### [SEC Files Lawsuit Against Do Kwon and Terraform Labs (2 minute read)](https://www.ft.com/content/eec3993a-5613-482f-a8a4-3d640c7c9e20)\n\nThe US Securities and Exchange Commission (SEC) has filed a complaint against Singapore-based Terraform Labs and its CEO, Do Kwon, for allegedly orchestrating a cryptocurrency fraud that led to billions of dollars in losses. The complaint alleges that Terraform and Kwon raised billions of dollars from investors by selling interlinked digital securities that were not properly registered with regulators between April 2018 and May 2022. The fraud caused a $40bn loss in market value, according to the SEC, and Terraform and Kwon are accused of violating registration and anti-fraud provisions in US securities laws.\n\n### [Hong Kong Government Issues World’s First Tokenized Green Bond (6 minute read)](https://www.hkma.gov.hk/eng/news-and-media/press-releases/2023/02/20230216-3/)\n\nThe Government of Hong Kong has announced the successful offering of its first-ever tokenized green bond under the Government Green Bond Program. The HKD-denominated, one-year Tokenized Green Bond raised HKD 800 million and was distributed by a four-bank syndicate. The settlement was on a delivery-versus-payment basis, with all bond lifecycle processes, including coupon payments and maturity redemption, being performed on Goldman Sachs' tokenization platform.\n\n*Want more Asia news?*\n•[Fifth-Largest Holder of Polygon Tokens Is Little-Known Chinese Crypto Project](https://www.coindesk.com/business/2023/02/13/fifth-largest-holder-of-polygon-tokens-is-little-known-chinese-crypto-project/)\n•[In Kazakhstan, the assets of a Russian on Binance were arrested for working with an illegal exchanger (Russian)](https://forklog.com/news/v-kazahstane-aktivy-rossiyanina-na-binance-arestovali-za-rabotu-s-nelegalnym-obmennikom)\n•[Non-residents of Uzbekistan have expanded the rights to use funds from the sale of cryptocurrencies (Russian)](https://forklog.com/news/nerezidentam-uzbekistana-ogranichili-ispolzovanie-sredstv-ot-prodazhi-kriptovalyut)\n•[Binance, Huobi Freeze $1.4m in ‘N Korean’ Crypto](https://cryptonews.com/news/binance-huobi-freeze-14m-worth-of-crypto-in-north-korea-linked-wallets.htm)\n•[DBS Says Bitcoin Trading up 80% in 2022 on DDex Exchange](https://www.coindesk.com/markets/2023/02/15/dbs-says-bitcoin-trading-up-80-in-2022-on-ddex-exchange/)\n\n## Africa\n![benjamin-dada-Pao6YVk4s7U-unsplash.jpg](https://cdn.steemitimages.com/DQmWXXFRrhR26iEk9WZeD4bD48cZgzwg7mPW3wfYy3Y9nrU/benjamin-dada-Pao6YVk4s7U-unsplash.jpg)\nImage Credit: Benjamin Dada via Unsplash\n\n### [Nigeria's Cash Crisis Triggers Chaos and Protests, Driving Adoption of Bitcoin and Cryptocurrencies (2 minute read, Spanish)](https://www.criptonoticias.com/finanzas/bitcoin-valvula-escape-caos-nigeria-escasez-efectivo/)\n\nThe shortage of cash in Nigeria has led to protests and chaos, with citizens restricted to daily withdrawals of a maximum of $45, and weekly limits on bank cash withdrawals. The measure was implemented to replace the [dirty cash in circulation, tackle inflation, curb counterfeiting](https://www.bbc.com/news/world-africa-64654312), and promote the use of Nigeria's central bank digital currency (CBDC), the e-naira. CBDC adoption remains limited, with less than 0.5% of Nigerians using it, meanwhile, Bitcoin and cryptocurrencies have become a popular alternative, with 35% of the Nigerian population between 18 and 60 reportedly owning cryptocurrencies or exchanging them.\n\n### [RightfulShare and GoodDollar Launch Universal Basic Income Initiative Using Digital Currencies in South Africa (2 minute read)](https://bitcoinke.io/2023/02/rightfulshare-unveils-ubi-scheme-using-digital-currencies/)\n\nRightfulShare, an independent initiative led by a former South African Member of Parliament, has partnered with GoodDollar to launch an unconditional universal basic income program in South Africa using digital currencies. The GoodDollar protocol generates, funds, and distributes global basic income via the GoodDollar token (G$) which operates within the emerging ecosystem of decentralized and open finance. Alongside the basic income transfer, beneficiaries will have access to mentoring and learning opportunities including business development and Web3 education.\n\n*Want more Africa news?*\n•[Central Bank of Nigeria Highlights 11 Advantages of CBDCs](https://bitcoinke.io/2023/02/central-bank-of-nigeria-highlights-advantages-of-cbdc/)\n•[Rwanda Investigation Bureau Detains BITSEC Crypto Scammer – The Central Bank Cautions Public](https://bitcoinke.io/2023/02/rwanda-investigation-bureau-detains-bitsec-crypto-scammer/)\n\n## Latin America and The Caribbean\n![ewan-kennedy-HzaaIPkC4HA-unsplash.jpg](https://cdn.steemitimages.com/DQmPMYEY2ocXmJyc3bv5LhdajHs366YDsd8PA5aS155zJZk/ewan-kennedy-HzaaIPkC4HA-unsplash.jpg)\nImage Credit: Ewan Kennedy via Unsplash\n\n### [Brazil's Government Prepares Decree to Regulate Cryptocurrencies (3 minute read, Portuguese)](https://valor.globo.com/financas/criptomoedas/noticia/2023/02/16/governo-prepara-decreto-para-regular-criptoativos.ghtml)\n\nBrazil's government is preparing a decree to regulate the functioning of the country's crypto asset framework. The proposal is being prepared by teams from the Ministry of Finance, with technical support from the Central Bank and the Brazilian Securities and Exchange Commission. The regulators' roles have been outlined, with the Central Bank expected to be responsible for regulating and supervising the digital assets sector, while the Brazilian Securities and Exchange Commission will have a restricted role in regulating tokenized securities.\n\n### [Central Bank Head Says Digital Real Could Be a Significant Driver for Brazil’s Economy (3 minute read, Portuguese)](https://cointelegraph.com.br/news/real-digital-can-boost-brazils-economy-says-campos-neto)\n\nThe president of the Central Bank of Brazil, Roberto Campos Neto, said that the creation of the country's central bank digital currency, the Digital Real, will bring more efficiency and security to the country's financial system. He further stated that the implementation of digital currency can reduce costs and increase the speed of financial transactions, which could be a significant driver for the Brazilian economy. The pilot project is being carried out in partnership with several financial institutions in the country, and the first tests and issuances of the Digital Real are expected in the first half of 2023.\n\n*Want more Latin America and Caribbean news?*\n•[Colledge and Celo launch the 2nd call for their business incubator “Celo Incuba” (Spanish)](https://es.cointelegraph.com/news/colledge-and-celo-launch-the-2nd-call-for-proposals-of-its-business-incubator-celo-incuba)\n•[Blockchain professionals create CryptoClub to meet and discuss ideas and projects (Portuguese)](https://www.blocknews.com.br/corporativo/profissionais-em-blockchain-criam-o-cryptoclub-para-encontros-e-discussao-de-projetos/?utm_source=rss&utm_medium=rss&utm_campaign=profissionais-em-blockchain-criam-o-cryptoclub-para-encontros-e-discussao-de-projetos)\n•[Rio de Janeiro Carnival wins first block with a Web3 theme (Portuguese)](https://cointelegraph.com.br/news/rio-de-janeiros-carnival-gets-its-first-web3-thematic-block)\n•[Agents from Colombia and Mexico promote surveillance actions on Bitcoin (Spanish)](https://www.criptonoticias.com/regulacion/agentes-colombia-mexico-impulsan-acciones-vigilancia-bitcoin/)\n•[Colombian judge held a hearing in the metaverse (Spanish)](https://www.criptonoticias.com/judicial/jueza-colombia-realizo-audiencia-metaverso/)\n\n## Eastern Europe\n![oleksandr-brovko-MlqnBuJ6E-U-unsplash.jpg](https://cdn.steemitimages.com/DQmSLntbx2ADAdzN2V3v7oiPeFQpLFTcdkNrnSQ48GSyeon/oleksandr-brovko-MlqnBuJ6E-U-unsplash.jpg)\nImage Credit: Oleksandr Brovko via Unsplash\n\n### [Ukraine to Launch E-Hryvnia CBDC in 2024 (1 minute read, Russian)](https://forklog.com/news/v-ukraine-anonsirovali-sroki-zapuska-pilota-e-grivny)\n\nUkraine's Ministry of Digital Transformation has requested the National Bank of Ukraine (NBU) to accelerate the development of the E-hryvnia. While the pilot project to launch the CBDC is scheduled for 2024, the ministry wants to launch it this year. The NBU had already presented a draft e-hryvnia concept to participants in the virtual assets market and representatives of banks and financial institutions in November 2022.\n\n### [Ukraine Hunts for the Crypto Addresses Used to Support the Russian Miliary (4 minute read, Russian)](https://forklog.com/news/smi-nazvali-glavnyh-poluchatelej-bitkoin-donatov-na-podderzhku-armii-rf)\n\nDespite sanctions, pro-Russian supporters of the war in Ukraine have received millions of dollars in donations via cryptocurrencies. Over $1.8 million has been sent to 160 crypto wallets owned by individuals who directly support the Russian army and paramilitary groups. Much of the funds went to centralized exchanges such as Binance, Kucoin, Huobi, as well as Russia's Garantex and Bitzlato, which are suspected of handling criminal funds. In response, Ukrainian authorities are hunting down these crypto addresses in order to block the movement of funds through them.\n\n*Want more Eastern Europe news?*\n•[Sber has revealed record volumes of illegal cryptocurrency transfers in Moscow (Russian)](https://www.rbc.ru/crypto/news/63edf5a99a7947e2d1eba69d)\n•[Vitalik Buterin donates $227k to help earthquake victims in Turkey](https://cointelegraph.com/news/vitalik-buterin-donates-227k-to-help-earthquake-victims-in-turkey-syria)\n•[FTX’s Turkish Entities Dismissed From US Bankruptcy Proceedings](https://decrypt.co/121261/ftx-turkish-entities-dismissed-u-s-bankruptcy-proceedings)\n•[Aksakov announced the preparation of a law on liability for gray mining (Russian)](https://www.rbc.ru/crypto/news/63ee2aa59a7947fc40d9f62b)\n\n## Thanks for reading and have a great week ahead!\n\n## What did you think of today's newspaper?\n[Awesome](https://docs.google.com/forms/d/1vpC-yv-MFNDhEQZK-2BrcW0E1UG6aWvMYM_pClY9XZg/edit) I [Great](https://docs.google.com/forms/d/1vpC-yv-MFNDhEQZK-2BrcW0E1UG6aWvMYM_pClY9XZg/edit) I [Good](https://docs.google.com/forms/d/1vpC-yv-MFNDhEQZK-2BrcW0E1UG6aWvMYM_pClY9XZg/edit) I [Okay](https://docs.google.com/forms/d/1vpC-yv-MFNDhEQZK-2BrcW0E1UG6aWvMYM_pClY9XZg/edit) I [Bad](https://docs.google.com/forms/d/1vpC-yv-MFNDhEQZK-2BrcW0E1UG6aWvMYM_pClY9XZg/edit)\n\nIf you have any comments or feedback, leave a comment below!\n\nWant to receive this weekly in your email inbox? Then [tap here to sign up](https://EmergingCrypto.io)\n\nWritten by Jon Lira, Founder of EmergingCrypto.io. Connect with him on [LinkedIn](https://LinkedIn.com/in/jonlira).\n\n🤖Connect with us across the web here👉https://linktr.ee/emergingcrypto.io",
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      "body": "<div class=\"text-justify\">\n\nIt's my delight to welcome you to Steemit platform @emergingcrypto. Truly you will love it here!! There are numerous opportunities to form new friendships here, you will learn about various things and be rewarded as a content creator. To be successful in the platform there several things to do now that you're done with your introductory post:\n\nContinue with other achievement tasks. Follow @steemitblog to get timely update from the Steemit team. Join different communities and be active to receive support. You can join [Steem4nigeria](https://steemit.com/trending/hive-147599) community to  meet with  African Users. Please [tab here](https://steemit.com/communities) to see all the Communities. \n\nTaking part in contest is a way forward too, for this follow @disconnect for new contest alert. My best wishes for you as you start your journey here. Do not hesitate to ask anything that seems confusing. Once again welcome!!!\n\n</div>",
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  "timestamp": "2023-02-19T20:19:18",
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      "author": "emergingcrypto",
      "body": "Ok, thank you for letting me know.",
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      "parent_author": "wilmer1988",
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      "permlink": "rqcgbp",
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{
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  "op": [
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    {
      "author": "emergingcrypto",
      "body": "@@ -238,16 +238,24 @@\n %0A%0AThank \n+you for \n your hel\n",
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      "parent_author": "wilmer1988",
      "parent_permlink": "rqb0tq",
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{
  "block": 72216158,
  "op": [
    "comment",
    {
      "author": "emergingcrypto",
      "body": "<Center>\n![02-18 Cover Wide.jpg](https://cdn.steemitimages.com/DQmTfGVEsNgVYtGYtWZ7BR1BkpWzy7PMTP9gkeUbMrw9P97/02-18%20Cover%20Wide.jpg)</Center>\n\nThis is the EmergingCrypto.io weekly update. Want to receive this weekly in your email inbox? Then [tap here to sign up](https://www.emergingcrypto.io)\n\nEmergingCrypto.io is the🌍's only weekly newspaper dedicated to web3 news from emerging markets. 🤖Connect with us across the web here👉https://linktr.ee/emergingcrypto.io\n\n## In This Issue\n### Asia\n🔸SEC Files Lawsuit Against Do Kwon and Terraform Labs\n🔸Hong Kong Government Issues World’s First Tokenized Green Bond\n\n### Africa\n🔸Nigeria's Cash Crisis Triggers Chaos and Protests, Driving Adoption of Bitcoin and Cryptocurrencies\n🔸RightfulShare and GoodDollar Launch Universal Basic Income Initiative Using Digital Currencies in South Africa\n\n### Latin America and The Caribbean\n🔸Brazil's Government Prepares Decree to Regulate Cryptocurrencies\n🔸Central Bank Head Says Digital Real Could Be a Significant Driver for Brazil’s Economy\n\n### Eastern Europe\n🔸Ukraine to Launch E-Hryvnia CBDC in 2024\n🔸Ukraine Hunts for the Crypto Addresses Used to Support the Russian Miliary\n\n### Clips from Season 1 of EmergingVoices are now on [YouTube!](https://www.youtube.com/playlist?list=PLlhy_aiZiL3I8LnWb-E0TnyKAk-ACO3_Z)\n\n\n<center>![Podcast Announcement - No dates, just names.jpg](https://cdn.steemitimages.com/DQmZVXD7i8mWTejfkdkt4PKzqi9tByX3RUBQqkiTpTKmmvd/Podcast%20Announcement%20-%20No%20dates,%20just%20names.jpg)</center>\n\n## Asia\n![Scott Rodgerson Unsplash and Woohae Cho Bloomberg.jpg](https://cdn.steemitimages.com/DQmXR72werVwAbKYQecFJdX1z4v4MtV5MWHCuFPMWfbq5fD/Scott%20Rodgerson%20Unsplash%20and%20Woohae%20Cho%20Bloomberg.jpg)\nImage Credit: Scott Rodgerson via Unsplash and Woohae Cho via Bloomberg\n\n### [SEC Files Lawsuit Against Do Kwon and Terraform Labs (2 minute read)](https://www.ft.com/content/eec3993a-5613-482f-a8a4-3d640c7c9e20)\n\nThe US Securities and Exchange Commission (SEC) has filed a complaint against Singapore-based Terraform Labs and its CEO, Do Kwon, for allegedly orchestrating a cryptocurrency fraud that led to billions of dollars in losses. The complaint alleges that Terraform and Kwon raised billions of dollars from investors by selling interlinked digital securities that were not properly registered with regulators between April 2018 and May 2022. The fraud caused a $40bn loss in market value, according to the SEC, and Terraform and Kwon are accused of violating registration and anti-fraud provisions in US securities laws.\n\n### [Hong Kong Government Issues World’s First Tokenized Green Bond (6 minute read)](https://www.hkma.gov.hk/eng/news-and-media/press-releases/2023/02/20230216-3/)\n\nThe Government of Hong Kong has announced the successful offering of its first-ever tokenized green bond under the Government Green Bond Program. The HKD-denominated, one-year Tokenized Green Bond raised HKD 800 million and was distributed by a four-bank syndicate. The settlement was on a delivery-versus-payment basis, with all bond lifecycle processes, including coupon payments and maturity redemption, being performed on Goldman Sachs' tokenization platform.\n\n*Want more Asia news?*\n•[Fifth-Largest Holder of Polygon Tokens Is Little-Known Chinese Crypto Project](https://www.coindesk.com/business/2023/02/13/fifth-largest-holder-of-polygon-tokens-is-little-known-chinese-crypto-project/)\n•[In Kazakhstan, the assets of a Russian on Binance were arrested for working with an illegal exchanger (Russian)](https://forklog.com/news/v-kazahstane-aktivy-rossiyanina-na-binance-arestovali-za-rabotu-s-nelegalnym-obmennikom)\n•[Non-residents of Uzbekistan have expanded the rights to use funds from the sale of cryptocurrencies (Russian)](https://forklog.com/news/nerezidentam-uzbekistana-ogranichili-ispolzovanie-sredstv-ot-prodazhi-kriptovalyut)\n•[Binance, Huobi Freeze $1.4m in ‘N Korean’ Crypto](https://cryptonews.com/news/binance-huobi-freeze-14m-worth-of-crypto-in-north-korea-linked-wallets.htm)\n•[DBS Says Bitcoin Trading up 80% in 2022 on DDex Exchange](https://www.coindesk.com/markets/2023/02/15/dbs-says-bitcoin-trading-up-80-in-2022-on-ddex-exchange/)\n\n## Africa\n![benjamin-dada-Pao6YVk4s7U-unsplash.jpg](https://cdn.steemitimages.com/DQmWXXFRrhR26iEk9WZeD4bD48cZgzwg7mPW3wfYy3Y9nrU/benjamin-dada-Pao6YVk4s7U-unsplash.jpg)\nImage Credit: Benjamin Dada via Unsplash\n\n### [Nigeria's Cash Crisis Triggers Chaos and Protests, Driving Adoption of Bitcoin and Cryptocurrencies (2 minute read, Spanish)](https://www.criptonoticias.com/finanzas/bitcoin-valvula-escape-caos-nigeria-escasez-efectivo/)\n\nThe shortage of cash in Nigeria has led to protests and chaos, with citizens restricted to daily withdrawals of a maximum of $45, and weekly limits on bank cash withdrawals. The measure was implemented to replace the [dirty cash in circulation, tackle inflation, curb counterfeiting](https://www.bbc.com/news/world-africa-64654312), and promote the use of Nigeria's central bank digital currency (CBDC), the e-naira. CBDC adoption remains limited, with less than 0.5% of Nigerians using it, meanwhile, Bitcoin and cryptocurrencies have become a popular alternative, with 35% of the Nigerian population between 18 and 60 reportedly owning cryptocurrencies or exchanging them.\n\n### [RightfulShare and GoodDollar Launch Universal Basic Income Initiative Using Digital Currencies in South Africa (2 minute read)](https://bitcoinke.io/2023/02/rightfulshare-unveils-ubi-scheme-using-digital-currencies/)\n\nRightfulShare, an independent initiative led by a former South African Member of Parliament, has partnered with GoodDollar to launch an unconditional universal basic income program in South Africa using digital currencies. The GoodDollar protocol generates, funds, and distributes global basic income via the GoodDollar token (G$) which operates within the emerging ecosystem of decentralized and open finance. Alongside the basic income transfer, beneficiaries will have access to mentoring and learning opportunities including business development and Web3 education.\n\n*Want more Africa news?*\n•[Central Bank of Nigeria Highlights 11 Advantages of CBDCs](https://bitcoinke.io/2023/02/central-bank-of-nigeria-highlights-advantages-of-cbdc/)\n•[Rwanda Investigation Bureau Detains BITSEC Crypto Scammer – The Central Bank Cautions Public](https://bitcoinke.io/2023/02/rwanda-investigation-bureau-detains-bitsec-crypto-scammer/)\n\n## Latin America and The Caribbean\n![ewan-kennedy-HzaaIPkC4HA-unsplash.jpg](https://cdn.steemitimages.com/DQmPMYEY2ocXmJyc3bv5LhdajHs366YDsd8PA5aS155zJZk/ewan-kennedy-HzaaIPkC4HA-unsplash.jpg)\nImage Credit: Ewan Kennedy via Unsplash\n\n### [Brazil's Government Prepares Decree to Regulate Cryptocurrencies (3 minute read, Portuguese)](https://valor.globo.com/financas/criptomoedas/noticia/2023/02/16/governo-prepara-decreto-para-regular-criptoativos.ghtml)\n\nBrazil's government is preparing a decree to regulate the functioning of the country's crypto asset framework. The proposal is being prepared by teams from the Ministry of Finance, with technical support from the Central Bank and the Brazilian Securities and Exchange Commission. The regulators' roles have been outlined, with the Central Bank expected to be responsible for regulating and supervising the digital assets sector, while the Brazilian Securities and Exchange Commission will have a restricted role in regulating tokenized securities.\n\n### [Central Bank Head Says Digital Real Could Be a Significant Driver for Brazil’s Economy (3 minute read, Portuguese)](https://cointelegraph.com.br/news/real-digital-can-boost-brazils-economy-says-campos-neto)\n\nThe president of the Central Bank of Brazil, Roberto Campos Neto, said that the creation of the country's central bank digital currency, the Digital Real, will bring more efficiency and security to the country's financial system. He further stated that the implementation of digital currency can reduce costs and increase the speed of financial transactions, which could be a significant driver for the Brazilian economy. The pilot project is being carried out in partnership with several financial institutions in the country, and the first tests and issuances of the Digital Real are expected in the first half of 2023.\n\n*Want more Latin America and Caribbean news?*\n•[Colledge and Celo launch the 2nd call for their business incubator “Celo Incuba” (Spanish)](https://es.cointelegraph.com/news/colledge-and-celo-launch-the-2nd-call-for-proposals-of-its-business-incubator-celo-incuba)\n•[Blockchain professionals create CryptoClub to meet and discuss ideas and projects (Portuguese)](https://www.blocknews.com.br/corporativo/profissionais-em-blockchain-criam-o-cryptoclub-para-encontros-e-discussao-de-projetos/?utm_source=rss&utm_medium=rss&utm_campaign=profissionais-em-blockchain-criam-o-cryptoclub-para-encontros-e-discussao-de-projetos)\n•[Rio de Janeiro Carnival wins first block with a Web3 theme (Portuguese)](https://cointelegraph.com.br/news/rio-de-janeiros-carnival-gets-its-first-web3-thematic-block)\n•[Agents from Colombia and Mexico promote surveillance actions on Bitcoin (Spanish)](https://www.criptonoticias.com/regulacion/agentes-colombia-mexico-impulsan-acciones-vigilancia-bitcoin/)\n•[Colombian judge held a hearing in the metaverse (Spanish)](https://www.criptonoticias.com/judicial/jueza-colombia-realizo-audiencia-metaverso/)\n\n## Eastern Europe\n![oleksandr-brovko-MlqnBuJ6E-U-unsplash.jpg](https://cdn.steemitimages.com/DQmSLntbx2ADAdzN2V3v7oiPeFQpLFTcdkNrnSQ48GSyeon/oleksandr-brovko-MlqnBuJ6E-U-unsplash.jpg)\nImage Credit: Oleksandr Brovko via Unsplash\n\n### [Ukraine to Launch E-Hryvnia CBDC in 2024 (1 minute read, Russian)](https://forklog.com/news/v-ukraine-anonsirovali-sroki-zapuska-pilota-e-grivny)\n\nUkraine's Ministry of Digital Transformation has requested the National Bank of Ukraine (NBU) to accelerate the development of the E-hryvnia. While the pilot project to launch the CBDC is scheduled for 2024, the ministry wants to launch it this year. The NBU had already presented a draft e-hryvnia concept to participants in the virtual assets market and representatives of banks and financial institutions in November 2022.\n\n### [Ukraine Hunts for the Crypto Addresses Used to Support the Russian Miliary (4 minute read, Russian)](https://forklog.com/news/smi-nazvali-glavnyh-poluchatelej-bitkoin-donatov-na-podderzhku-armii-rf)\n\nDespite sanctions, pro-Russian supporters of the war in Ukraine have received millions of dollars in donations via cryptocurrencies. Over $1.8 million has been sent to 160 crypto wallets owned by individuals who directly support the Russian army and paramilitary groups. Much of the funds went to centralized exchanges such as Binance, Kucoin, Huobi, as well as Russia's Garantex and Bitzlato, which are suspected of handling criminal funds. In response, Ukrainian authorities are hunting down these crypto addresses in order to block the movement of funds through them.\n\n*Want more Eastern Europe news?*\n•[Sber has revealed record volumes of illegal cryptocurrency transfers in Moscow (Russian)](https://www.rbc.ru/crypto/news/63edf5a99a7947e2d1eba69d)\n•[Vitalik Buterin donates $227k to help earthquake victims in Turkey](https://cointelegraph.com/news/vitalik-buterin-donates-227k-to-help-earthquake-victims-in-turkey-syria)\n•[FTX’s Turkish Entities Dismissed From US Bankruptcy Proceedings](https://decrypt.co/121261/ftx-turkish-entities-dismissed-u-s-bankruptcy-proceedings)\n•[Aksakov announced the preparation of a law on liability for gray mining (Russian)](https://www.rbc.ru/crypto/news/63ee2aa59a7947fc40d9f62b)\n\n## Thanks for reading and have a great week ahead!\n\n## What did you think of today's newspaper?\n[Awesome](https://docs.google.com/forms/d/1vpC-yv-MFNDhEQZK-2BrcW0E1UG6aWvMYM_pClY9XZg/edit) I [Great](https://docs.google.com/forms/d/1vpC-yv-MFNDhEQZK-2BrcW0E1UG6aWvMYM_pClY9XZg/edit) I [Good](https://docs.google.com/forms/d/1vpC-yv-MFNDhEQZK-2BrcW0E1UG6aWvMYM_pClY9XZg/edit) I [Okay](https://docs.google.com/forms/d/1vpC-yv-MFNDhEQZK-2BrcW0E1UG6aWvMYM_pClY9XZg/edit) I [Bad](https://docs.google.com/forms/d/1vpC-yv-MFNDhEQZK-2BrcW0E1UG6aWvMYM_pClY9XZg/edit)\n\nIf you have any comments or feedback, leave a comment below!\n\nWant to receive this weekly in your email inbox? Then [tap here to sign up](https://EmergingCrypto.io)\n\nWritten by Jon Lira, Founder of EmergingCrypto.io. Connect with him on [LinkedIn](https://LinkedIn.com/in/jonlira).\n\n🤖Connect with us across the web here👉https://linktr.ee/emergingcrypto.io",
      "json_metadata": "{\"tags\":[\"dokwon\",\"sec\",\"tokenization\",\"cbdc\",\"blockchain\",\"cryptocurrency\",\"ukrainewar\",\"russia\"],\"image\":[\"https://cdn.steemitimages.com/DQmTfGVEsNgVYtGYtWZ7BR1BkpWzy7PMTP9gkeUbMrw9P97/02-18%20Cover%20Wide.jpg\",\"https://cdn.steemitimages.com/DQmZVXD7i8mWTejfkdkt4PKzqi9tByX3RUBQqkiTpTKmmvd/Podcast%20Announcement%20-%20No%20dates,%20just%20names.jpg\",\"https://cdn.steemitimages.com/DQmXR72werVwAbKYQecFJdX1z4v4MtV5MWHCuFPMWfbq5fD/Scott%20Rodgerson%20Unsplash%20and%20Woohae%20Cho%20Bloomberg.jpg\",\"https://cdn.steemitimages.com/DQmWXXFRrhR26iEk9WZeD4bD48cZgzwg7mPW3wfYy3Y9nrU/benjamin-dada-Pao6YVk4s7U-unsplash.jpg\",\"https://cdn.steemitimages.com/DQmPMYEY2ocXmJyc3bv5LhdajHs366YDsd8PA5aS155zJZk/ewan-kennedy-HzaaIPkC4HA-unsplash.jpg\",\"https://cdn.steemitimages.com/DQmSLntbx2ADAdzN2V3v7oiPeFQpLFTcdkNrnSQ48GSyeon/oleksandr-brovko-MlqnBuJ6E-U-unsplash.jpg\"],\"links\":[\"https://www.emergingcrypto.io\",\"https://linktr.ee/emergingcrypto.io\",\"https://www.youtube.com/playlist?list=PLlhy_aiZiL3I8LnWb-E0TnyKAk-ACO3_Z\",\"https://www.ft.com/content/eec3993a-5613-482f-a8a4-3d640c7c9e20\",\"https://www.hkma.gov.hk/eng/news-and-media/press-releases/2023/02/20230216-3/\",\"https://www.coindesk.com/business/2023/02/13/fifth-largest-holder-of-polygon-tokens-is-little-known-chinese-crypto-project/\",\"https://forklog.com/news/v-kazahstane-aktivy-rossiyanina-na-binance-arestovali-za-rabotu-s-nelegalnym-obmennikom\",\"https://forklog.com/news/nerezidentam-uzbekistana-ogranichili-ispolzovanie-sredstv-ot-prodazhi-kriptovalyut\",\"https://cryptonews.com/news/binance-huobi-freeze-14m-worth-of-crypto-in-north-korea-linked-wallets.htm\",\"https://www.coindesk.com/markets/2023/02/15/dbs-says-bitcoin-trading-up-80-in-2022-on-ddex-exchange/\",\"https://www.criptonoticias.com/finanzas/bitcoin-valvula-escape-caos-nigeria-escasez-efectivo/\",\"https://www.bbc.com/news/world-africa-64654312\",\"https://bitcoinke.io/2023/02/rightfulshare-unveils-ubi-scheme-using-digital-currencies/\",\"https://bitcoinke.io/2023/02/central-bank-of-nigeria-highlights-advantages-of-cbdc/\",\"https://bitcoinke.io/2023/02/rwanda-investigation-bureau-detains-bitsec-crypto-scammer/\",\"https://valor.globo.com/financas/criptomoedas/noticia/2023/02/16/governo-prepara-decreto-para-regular-criptoativos.ghtml\",\"https://cointelegraph.com.br/news/real-digital-can-boost-brazils-economy-says-campos-neto\",\"https://es.cointelegraph.com/news/colledge-and-celo-launch-the-2nd-call-for-proposals-of-its-business-incubator-celo-incuba\",\"https://www.blocknews.com.br/corporativo/profissionais-em-blockchain-criam-o-cryptoclub-para-encontros-e-discussao-de-projetos/?utm_source=rss&utm_medium=rss&utm_campaign=profissionais-em-blockchain-criam-o-cryptoclub-para-encontros-e-discussao-de-projetos\",\"https://cointelegraph.com.br/news/rio-de-janeiros-carnival-gets-its-first-web3-thematic-block\",\"https://www.criptonoticias.com/regulacion/agentes-colombia-mexico-impulsan-acciones-vigilancia-bitcoin/\",\"https://www.criptonoticias.com/judicial/jueza-colombia-realizo-audiencia-metaverso/\",\"https://forklog.com/news/v-ukraine-anonsirovali-sroki-zapuska-pilota-e-grivny\",\"https://forklog.com/news/smi-nazvali-glavnyh-poluchatelej-bitkoin-donatov-na-podderzhku-armii-rf\",\"https://www.rbc.ru/crypto/news/63edf5a99a7947e2d1eba69d\",\"https://cointelegraph.com/news/vitalik-buterin-donates-227k-to-help-earthquake-victims-in-turkey-syria\",\"https://decrypt.co/121261/ftx-turkish-entities-dismissed-u-s-bankruptcy-proceedings\",\"https://www.rbc.ru/crypto/news/63ee2aa59a7947fc40d9f62b\",\"https://docs.google.com/forms/d/1vpC-yv-MFNDhEQZK-2BrcW0E1UG6aWvMYM_pClY9XZg/edit\",\"https://EmergingCrypto.io\",\"https://LinkedIn.com/in/jonlira\"],\"app\":\"steemit/0.2\",\"format\":\"markdown\"}",
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      "permlink": "do-kwon-and-terraform-labs-sued-by-sec",
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      "author": "emergingcrypto",
      "body": "@@ -112,16 +112,134 @@\n unities?\n+ %0A%0AOr in order to make a post and to post it in different communities I need verification in the new comers community?\n %0A%0AThank \n",
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      "author": "emergingcrypto",
      "body": "@wilmer1988 - OK, no problem. Just to be clear, it's NOT permitted to make a post and to post in different communities?\n\nThank your help.",
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      "parent_author": "wilmer1988",
      "parent_permlink": "rqb0tq",
      "permlink": "rqces2",
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      "permlink": "rqcelj",
      "voter": "emergingcrypto",
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  "op_in_trx": 0,
  "timestamp": "2023-02-19T19:40:57",
  "trx_id": "b1208aaab29d137f68a9111a4c553f6aabba7d44",
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      "permlink": "rq9zsl",
      "voter": "emergingcrypto",
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  "timestamp": "2023-02-19T19:40:45",
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{
  "block": 72215463,
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    {
      "author": "emergingcrypto",
      "body": "Hello @goodybest - Here is the link as requested: https://emergingcrypto.io/achievement-1-introduction-to-newcomers-community-17-02-2023-emergingcrypto/\n\nJust to be clear, in order for the achievement to be verified the follow up request was to just create a post on my site linking this introductory post?\n\nHere is a 2nd photo as requested:\n\n![WIN_20230219_19_36_10_Pro.jpg](https://cdn.steemitimages.com/DQmcqMweRaupCKEgbjDmmG94MujugJR59zkVBrXTbaEgJF4/WIN_20230219_19_36_10_Pro.jpg)\n\nThank you.",
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      "parent_author": "goodybest",
      "parent_permlink": "rq9zsl",
      "permlink": "rqcelj",
      "title": ""
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    {
      "author": "wilmer1988",
      "body": "Hello, I must inform you that it is not allowed to publish the same post more than once and also you should not delete it and re-publish it due to lack of vote or verification, for verification you must be patient and in case your achievement expires you can share it with a member of the Greeters team for verification and support in the next post.\n\n\nYou must delete all repeated publication and make a new unique and 100% original\n\n\n[Similar post](https://steemit.com/hive-111300/@emergingcrypto/5u1wyf-crypto-aid-for-earthquake-victims-in-turkey)\n\nPlease do not repeat this fault",
      "json_metadata": "{\"links\":[\"https://steemit.com/hive-111300/@emergingcrypto/5u1wyf-crypto-aid-for-earthquake-victims-in-turkey\"],\"app\":\"steemit/0.2\"}",
      "parent_author": "emergingcrypto",
      "parent_permlink": "5j24b4-crypto-aid-for-earthquake-victims-in-turkey",
      "permlink": "rqb0tq",
      "title": ""
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2023-02-19T01:16:33",
  "trx_id": "c63def80cf6ea7ff46e3ca0775bc160c304555a7",
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}

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    {
      "author": "goodybest",
      "body": "Hello @emergingcrypto it's good to have you here, I hope you enjoyed your stay in the platform. But please for your achievement to be verified you need to upload another verification photo, please don't edit it. Again for us to be sure you're the owner of the site just make a post using your site, put the link to this your introductory post as part of your post in your site. Then drop the link to that post under this comment. Thank you in advance for complying!",
      "json_metadata": "{\"users\":[\"emergingcrypto\"],\"app\":\"steemit/0.2\"}",
      "parent_author": "emergingcrypto",
      "parent_permlink": "achievement-1-introduction-to-newcomers-community-or-17-02-2023-or-emergingcrypto",
      "permlink": "rq9zsl",
      "title": ""
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}

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      "author": "emergingcrypto",
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      "voter": "muluhpenn",
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  "timestamp": "2023-02-18T01:57:24",
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{
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}