Crypto on LYO: The Blend — WazirX and The Sandbox to Launch “Learn & Earn” Campaign, Meta and South Korea to Elevate Metaverse Safety, Bill for Stablecoins and Digital Yuan Regulation

What happened in the crypto world in the last week? Let’s see some interesting news together!

WazirX and The Sandbox to Launch “Learn & Earn” Campaign

WazirX, India’s largest cryptocurrency exchange platform, partnered with The Sandbox, an Ethereum-based play-to-earn metaverse game, for a “Learn & Earn” campaign that launched on September 19.

The top five winners of the two-level contest will get free Alpha passes for the third season of The Sandbox’s Alpha.

According to WazirX vice president Rajagopal Menon, “We intend to make learning about crypto fun and interesting experience for those new to it. This is precisely what we are trying to achieve through our ‘Learn & Earn’ campaign in collaboration with The Sandbox. We are looking forward to wide-scale participation from crypto enthusiasts and gamers.”

Bill to Regulate Stablecoins and Digital Yuan, Drafted by Australian Senator

Australian Liberal Senator Andrew Bragg has drafted a bill to regulate stablecoins and China’s central bank digital currency, the e-Yuan.

The draft bill, which is for consultation until 31 October 2022, includes the introduction of licenses for digital asset exchanges, digital asset custody services, stablecoin issuers, and the establishment of “disclosure requirements for facilitators of the e-Yuan in Australia.”

In a statement, the pro-crypto official said, “Australia must keep pace with the global race for regulation of digital assets.”

Meta and South Korea to Elevate Metaverse Safety

The official media regulation agency of South Korea met with Meta Platforms, Inc. Product Policy and Strategy Vice President Andy O’Connell on Monday to explore strategies to ramp up metaverse’s user protection.

According to reports, Korea Communications Commission Vice Chairman Ahn Hyoung-hwan and O’Connell discussed Meta’s cooperation in maintaining safety in virtual platforms like the metaverse, transparency in algorithms of digital platforms, and putting a stop to the circulation of illegal information.

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