WAO ART #299

Angola's parliament has passed a bill focused on cryptocurrency mining and virtual assets, marking a significant step in regulating digital currencies. The law aims to protect Angola's monetary sovereignty and address environmental sustainability and energy security concerns associated with cryptocurrency mining.

Elon Musk has emphasized the importance of holding one's own cryptocurrency keys and wallets, warning against relying on third-party entities. His message "Not your keys, not your wallet, as they say" underscores the risks associated with not having control over digital assets.

EU officials have reached a provisional agreement on regulations governing the use of artificial intelligence (AI). The deal covers the use of AI in biometric surveillance, regulation of AI systems like ChatGPT, and transparency rules for market entry.

India is unlikely to introduce specific legislation for cryptocurrencies and Web3 until at least mid-2025, according to Indian Parliament Member Jayant Sinha. Sinha stated that more time is needed to identify the most impactful applications for India's economy and financial system.

The Pacific island nation of Vanuatu is highly vulnerable to climate change, experiencing devastating cyclones, rising sea levels, and coral bleaching. The country has long advocated for a fund to compensate highly vulnerable countries for the loss and damage caused by climate impacts.

Despite the government's efforts to promote cryptocurrency adoption in El Salvador, a recent report by CoinGecko reveals that less than 2% of the population owns crypto. While El Salvador is the only country using crypto as legal tender, only around 109,175 people out of a population of 6.36 million own Bitcoin.

Asset managers VanEck and Fidelity have revealed the tickers for their proposed Bitcoin ETFs. VanEck has chosen the ticker symbol "HODL," a term widely recognized among crypto investors that refers to holding onto digital assets despite market volatility.