Cointime

Cointime

Download App
iOS & Android
Home / Financing

Mauritius considers bringing Metaverse into financial services

The Financial Services Commission (FSC) of Mauritius has begun soliciting opinions on the application of the metaverse in the financial services industry.FSC Mauritius has released a consultation paper inviting industry stakeholders and the public to provide feedback on the strategic development and potential impact of the metaverse, which will continue until the end of November.The country plans to ensure that its regulatory and business environment is prepared to adapt to the constantly evolving metaverse on a global scale.
Currently, respondents will have the opportunity to share their opinions before November 30th, which will help establish a multidisciplinary working group to explore future policy and regulatory directions.Mauritius also plans to launch a pilot phase of the digital rupee in November 2023 to further promote the development of digital currencies.

Metaverse
Comments

All Comments

Recommended for you

  • Web3 game developer Seeds Labs completes $12 million seed round of financing, with participation from Solana Foundation and others

    According to Cointelegraph, Web3 game developer Seeds Labs has announced the completion of a $12 million seed round financing, with participation from Avalanche's Blizzard Fund, Solana Foundation, Krust, Hashkey Capital, UOB Ventures, Signum Capital, IVC, and Emoote.It is reported that Seeds Labs, a Solana ecosystem game infrastructure developer, was established in 2021, and its Web3 game Bladerite is scheduled to be released this month.

  • Crypto startup Lagrange Labs raises $13.2 million

    Peter Thiel's Founders Fund led a seed funding round of $13.2 million for the cryptocurrency startup Lagrange Labs. In addition to Founders Fund, the seed funding for Lagrange also included participation from Archetype Ventures, 1kx, Maven11, Fenbushi Capital, Volt Capital, CMT Digital, Mantle, and Ecosystem.

  • Arbelos, a primary market trader in cryptocurrencies, has raised $28 million in funding, led by Dragonfly

    Arbelos completed a funding round of $28 million, led by Dragonfly with participation from FalcolnX, Circle, Paxos, Polygon, and Deribit. Arbelos Markets will primarily focus on derivatives and over-the-counter trading for institutional participants, providing trading liquidity for companies such as hedge funds and venture capital firms as counterparties for popular products such as options and futures.

  • British neobank Monzo raises $190 million, led by Hedosophia and CapitalG

    Monzo, a new bank in the UK, has raised $190 million in funding with Hedosophia and CapitalG (Alphabet's independent growth fund) leading the way. This latest funding round brings Monzo's total funding for the year to $610 million, with a post-funding valuation of $5.2 billion. Monzo CEO and co-founder TS Anil stated that the plan is to use this cash to create new products and accelerate international expansion plans.

  • Lava Foundation Completes $11 Million Funding

    Lava Foundation, the developer of modular blockchain network Lava, announced the completion of a $11 million financing round. Participants included Animoca Brands, Gate.io Ventures, CoinGecko Ventures, Polygon co-founder Sandeep Nailwal, Ash Crypto, CryptoLark, and media outlets Crypto Times Japan, Le Journal Du Coin and The Rollup. It is reported that the mainnet launch and airdrop are expected to take place in the coming months.

  • Bitcoin second-layer network ZKM completes $5 million Pre-A financing, led by OKX Ventures

    According to The Block, Bitcoin layer-two network ZKM announced the completion of a $5 million Pre-A financing, led by OKX Ventures, with participation from Amber, Metis Foundation, Crypto.com, and other companies. It is reported that ZKM is a zero-knowledge proof-based network aimed at unifying blockchains and creating a settlement layer on Ethereum.

  • Botanix Labs announces $11.5 million in funding, with participation from Polychain Capital and others

    Botanix Labs announced that it has raised $11.5 million in funding, with participation from Polychain Capital, Placeholder Capital, Valor Equity Partners, and ABCDE, among others. Other investors include Andrew Kang, Fiskantes, Dan Held, The Crypto Dog, Charlie Spears, Altcoin Sherpa, Dovey Wan, Jebus, Icebergy, Crypto ISO, Davis, Walt Smith, and Domo, the creator of the BRC-20 token standard.

  • Galaxis Completes $10 Million Financing, with Chainlink, Rarestone Capital and Others Participating

    Singaporean Web3 platform Galaxis announced that it had completed a $10 million financing round before the issuance of its tokens. Participants in this round of financing include Chainlink, ENS, Rarestone Capital, Taisu Ventures, and ENS co-founder Nick Johnson. Galaxis claims to be a "post-hype era NFT practical platform" and has previously launched NFT series for celebrities such as DJ SteveAoki and actor ValKilmer. The platform has sold more than 225,000 NFTs, generating sales of over 32,000 ETH (approximately $100 million) in the secondary market, and is currently preparing for large-scale distribution.

  • Contango Blockchain x AI Fund Completes $5 Million Fundraising

    Contango Digital Assets, a portfolio under Orthogonal Global Group, announced that its blockchain and AI seed fund, Contango Blockchain x AI Fund, has completed a fundraising of $5 million. Investors include the CEO of Quantstamp, the CFO of SingularityNet, the CEO of WonderFi, a general partner of X Ventures, early limited partners of Digital Money Group and Polychain Capital, as well as investors of VANTA DAO. It is reported that the fundraising goal of the fund is $10 million, and it will focus on supporting projects in the decentralized artificial intelligence field in the future. Currently, it has purchased tokens of the telecommunications sharing economy project Minutes Network.
  • Cointime精选 ·

    Web3's Great Gambit: Incentives for the Almost Impossible

    “When you’re young, you look at television and think, There’s a conspiracy. The networks have conspired to dumb us down. But when you get a little older, you realize that’s not true. The networks are in business to give people exactly what they want. That’s a far more depressing thought. Conspiracy is optimistic! You can shoot the bastards! We can have a revolution! But the networks are really in business to give people what they want. It’s the truth.” - Steve Jobs
    Web3's Great Gambit: Incentives for the Almost Impossible

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

Delysium $AGI & AI Private Yacht Party

March 27 - March 27
Seoul

Popular Tags

Cointime
News
Contents
RSS
Company