Zhengzhou City Releases Policy Draft to Support Metaverse Industry
Zhengzhou, China, released a series of policy proposals on May 24 to support metaverse companies operating in the region. The government will establish a 10 billion yuan ($1.42 billion) fund to promote the industry’s growth and development. According to the government draft, metaverse enterprises that relocate their headquarters to Zhengzhou will be eligible to receive […]
Host of Companies Set to Partake in Brazil’s CBDC Pilot
National and international companies, including Visa, Microsoft, and Santander, will participate in the Brazilian central bank’s upcoming digital currency pilot project (CBDC). The central bank released the final list of CBDC pilot participants on May 24. Participants were selected from 36 bids submitted by single corporations and consortia, “totalling more than 100 institutions.” The total […]