#cryptocurrency

The Dubai Virtual Assets Regulatory Authority (VARA) has changed its virtual asset circulation rules. A significant change was the prohibition on so-called privacy coins such as ZCash and Monero. Organizations operating within the local jurisdiction are also prohibited from issuing and promoting this type of cryptocurrency. Well, you can't really blame a major cryptocurrency hub like Dubai for that. They provide transparency and demand it in return.

The company has started the process of obtaining state licenses for regulation and development of software for the integration of embedded payments. Earlier, Elon Musk said that Twitter should be transformed into an "everything app" with messaging, payments, and commercial functions. According to these plans, the company registered with the US Treasury as a payment processor in November 2022. Per Musk's wishes, the payment system is initially designed for fiat. While its structure will provide for future cryptocurrency features. Mask's favorite, Dogecoin, reacts violently to the news. Investors, just in case, pumped the MASK token (why would anyone invest in bitcoin, after all).

More than 40 blockchain companies have offered the Turkish authorities to create an official crypto wallet to accept donations for the victims of the devastating earthquake. Today about 2 thousand people died due to earthquakes in Turkey and Syria. The death toll is expected to rise as hundreds of buildings have been completely destroyed. Cryptocurrency communities always respond instantly to such humanitarian crises. Yes, Ukraine received a lot of donations immediately after the "gas-station" country attack. Turkey, hang in there!