Crypto Mufasa
Advertise
  • Crypto News
    • General News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
  • NFT NEWS
  • Beginner Guides
  • Price Predictions
  • Crypto Prices
No Result
View All Result
  • Login
  • Register
  • Crypto News
    • General News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
  • NFT NEWS
  • Beginner Guides
  • Price Predictions
  • Crypto Prices
No Result
View All Result
Crypto Mufasa
No Result
View All Result

Home » NFT, Metaverse, and Crypto Regulations.

NFT, Metaverse, and Crypto Regulations.

Hania by Hania
April 22, 2022
in General News, NFT News
Reading Time: 4 mins read
A A
0
NFT, Metaverse, and Crypto Regulations.
Share on FacebookShare on Twitter
ADVERTISEMENT

A War NFT: MetaHistory

The Metaverse and NFTs are being used for the first time to raise donations for war help via the world’s first war NFT Museum in Ukraine.

The war-themed NFTs’ sales accumulated 190 Ethereum [$600,000] on the very 1st day; 1282 NFTs were sold at the price of 0.15 Ethereum each.

Blockchain-based MetaHistory NFT Museum of Ukraine received immense response from the people on its opening day on March 30 of this year.

Metaverse and Ukraine lovers showed their love and support and provided aid to the war-torn nation by purchasing the NFTs they didn’t even see until purchase.

You May AlsoLike

Polymarket Bets

March 2025 Polymarket Bets Boom for Bitcoin, XRP, ETH, AI, and DOGE – The Future of Cryptocurrency Trading!

March 1, 2025
Ethereum’s Pectra Upgrade

3 Essential Insights from Recent Developer Call on Ethereum’s Pectra Upgrade

March 1, 2025

Each of the NFTs depicts a memorable event of the war period starting from day 1 of the Russian invasion of Ukraine on February 24, 2022.

The largest military attack in Europe since World War 2. Each NFT has individual Tweets embedded in them signifying a memorable moment of the war.

NFT, Metaverse, and Crypto Regulations.

“While Russia uses tanks to destroy Ukraine, we rely on revolutionary blockchain.”– Ukrainian Government Official Mykhailo Fedorov had tweeted.

Prior to the creation of the MetaHistory War NfT Museum in March, Ukraine had received donations from all around the globe in BTC, Ethereum, and other Cryptocurrencies to their Crypto Exchange Kuna, a sum total equivalent to $ 63.8 million.

These funds were used for buying war accessories for their soldiers as vests, night vision glasses, medical supplies, and other nonlethal equipment.

U.S. Securities and Exchange Commission issued SAB regulations for Cryptocurrency services and Exchanges. 

In their Staff Accounting Bulletin [SAB] in March, Secretary Vanessa Countryman issued their concern about legal, technological, and regulatory risks and some guidelines about Cryptocurrency Services and Exchanges.

She said the entities [Cryptocurrency Investment Firms, Service Providers, and Exchanges] might safeguard their platform users and hold the digital assets and the cryptographic keys for maintenance and transactions, but that safeguarding might not be enough.

There are unique risks related to digital assets that are not there for the usual real-life assets.

Besides technological risks, the SAB expresses the concerns over legal risks in case of fraud, loss, theft, or bankruptcy of the assets, and in such a case, the question of how will the entities stand themselves in front of the court had been asked.

The SAB also says there are fewer regulatory requirements for holding digital assets. Entities may not be complying with regulations resulting in an increased risk to investors.

These mistakes can have a significant impact on the entity’s operations and financial condition. The SAB is said to help both the entities and their platform users with a set of accompanying guidelines being issued.

Citi Global Insights emphasises latency and internet connectivity improvement and launches GPS, as only 22% of the global population is expected to have 5G access by 2025.

Whereas the target addressable market [TAM] for the Metaverse economy is to reach $ 10 Trillion Plus, there is enough need for a wider bandwidth of internet and the necessary infrastructures.

Ronit Ghose, Global Head of Banking, FinTech, and Digital Assets of Citi Global Insights said that the Metaverse may be the next generation of the internet. It will combine the physical and digital world in an immersible manner. 

Citi believes the majority of internet and Metaverse users will access through their mobile devices rather than the improved virtual reality [VR] devices.

The present lags people are facing during their internet experience prove the current infrastructure is not suitable for an immense Metaverse experience.

With the aim of helping its 200 Million customers in the global economy’s most demanding challenges in identifying future themes, trends, and making a profit, Citi has launched the Global Perspectives and Solutions [Citi GPS].

Tags: crypto regulationsmetaversewar nft museum
Share76Tweet47
ADVERTISEMENT
Previous Post

Crypto will soon be the means by which businesses in Florida will pay their taxes: Desantis.

Next Post

MetaMask Integrates WYRE: Apple Pay to Support Cryptocurrency Purchases.

Hania

Hania

Hania is a 30-year-old blogger who used to be a teacher before entering the world of writing. She is originally from India and has been writing blogs on various topics for 2 years now. Hania is particularly interested in exploring the intersections of finance, technology, and cryptocurrency. Her experience as a teacher has given her unique insights into the ways in which digital media can be used to facilitate learning and engagement. Through her writing, Hania hopes to share her knowledge and learning of crypto industry with everyone.

Related Posts

Polymarket Bets
General News

March 2025 Polymarket Bets Boom for Bitcoin, XRP, ETH, AI, and DOGE – The Future of Cryptocurrency Trading!

March 1, 2025
Ethereum’s Pectra Upgrade
General News

3 Essential Insights from Recent Developer Call on Ethereum’s Pectra Upgrade

March 1, 2025
Cramer Suggests Saylor Should Plan for a Strategic Bitcoin Reserve
General News

Cramer Suggests Saylor Should Plan for a Strategic Bitcoin Reserve

February 28, 2025
MetaMask Ethereum Wallet Expands Support for Both Bitcoin and Solana
Crypto Wallets

MetaMask Ethereum Wallet Expands Support for Both Bitcoin and Solana

February 28, 2025
Bitcoin Bull Run Could Continue, says CryptoQuant CEO - Unless This Critical Threshold Is Breached
General News

Bitcoin Bull Run Could Continue, says CryptoQuant CEO – Unless This Critical Threshold Is Breached

February 28, 2025
Solana Futures Launch at CME Boosts Price Amid High Demand
General News

Solana Futures Launch at CME Boosts Price Amid High Demand

February 28, 2025
Next Post
MetaMask Temporarily Pulled from Apple App Store: A Closer Look At The Situation

MetaMask Integrates WYRE: Apple Pay to Support Cryptocurrency Purchases.

Discussion about this post

Live Prices

Stay Connected

You May Also Like

  • MetaMask Ethereum Wallet Expands Support for Both Bitcoin and Solana

    MetaMask Ethereum Wallet Expands Support for Both Bitcoin and Solana

    196 shares
    Share 78 Tweet 49
  • Why the Bitcoin Halving Is Happening Sooner Than Anticipated

    237 shares
    Share 95 Tweet 59
  • Solana Futures Launch at CME Boosts Price Amid High Demand

    191 shares
    Share 76 Tweet 48
  • Cardano (ADA) Staking Now enabled by Trust Wallet

    190 shares
    Share 76 Tweet 48
  • March 2025 Polymarket Bets Boom for Bitcoin, XRP, ETH, AI, and DOGE – The Future of Cryptocurrency Trading!

    196 shares
    Share 78 Tweet 49
  • About Us
  • Contact Us
  • Work With Us
  • Privacy Policy
  • Terms Of Service

© 2022-2024 CryptoMufasa - All Rights Reserved!

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

*By registering into our website, you agree to the Terms Of Services and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • General News
  • Beginner Guides
  • Bitcoin News
  • Ethereum News
  • Altcoin News
  • NFT News
  • Price Predictions
  • Google News

© 2022-2024 CryptoMufasa - All Rights Reserved!

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Don’t Miss Out on the Best in Crypto!

Stay ahead with a weekly digest of the top news and insights—no spam, no ads, just the essential updates delivered straight to your inbox. Subscribe now for valuable content you can trust!

johnsmith@example.com
subscribe to email

Never see this message again.