Episode Details

26th July: Crypto & Coffee at 8 🎙️
❌Kuwait Cracks Down on Crypto 🚀China’s blockchain satellite in Space 🔻Worldcoin🔻 Japan PM reaffirms Web💥

❌ Kuwait has prohibited the use of crypto for payments or investment to combat money laundering, according to a circular by the country’s financial regulator issued on Monday. Official info here https://lnkd.in/ds4s5fpz The Capital Markets Authority also placed an “absolute” ban on all digital asset mining, prohibited the recognition of crypto as a decentralized currency, and also warned the public that companies are not allowed to provide any type of crypto-related services.
The prohibitions are an effort to meet requirements set by the FATF on preventing money laundering via crypto, the Capital Markets Authority said. Check out Blockchain DXB’s Crypto & Coffee at 8 Podcast where we explore this news in detail.

🚀 Chinese blockchain Sputnik’s satellite in space
⚡ A Chinese satellite has become the first in the world to carry a blockchain imaging and screening system into orbit. Cointelegraph has reported that the satellite features a visual blockchain on-orbit certificate storage system dubbed ‘ADAChain’ (not related to Cardano) developed in-house by NationStar. Article here https://lnkd.in/dFJEzxKa

🚨 CoinDesk has reported that the Worldcoin token has taken a deep dive due to concerns around privacy, and security and reported connections to legend Sam Bankman-Fried and Three Arrows Capital Pte Ltd Capital Limited. Article here https://lnkd.in/d7xTa2Tq

❗ Important to note About 30% of its Orb-verified users are in each of Asia and Africa, raising concerns about exploitation.

📊 The U.K.’s data watchdog, the Information Commissions Office (ICO), will examine Worldcoin, a project by OpenAI CEO Sam Altman. More info on this here https://lnkd.in/d6AztddZ
 

🌟 Web3 = New form of Capitalism?
❗ Japan PM Fumio Kishida described Web3 as a “new form of capitalism” in a keynote address at the WebX conference in Japan. He reaffirmed the country’s commitment to fostering the Web3 industry, highlighting its potential to transform the internet and kindle social change. He made the comments in a keynote address on day one of the WebX conferences in Tokyo, Japan, as initially reported by local media outlet CoinPost Inc. Info here https://lnkd.in/d7bJZcjV

🚨 In Japan, Binance confirmed to Cointelegraph that it is set to offer its services to Japanese cryptocurrency users from August onwards. Binance CEO Changpeng Zhao announced the cryptocurrency exchan