Daily View | Friday September 10

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【Industry News】

Indian parliamentary official: India’s encryption bill will be different

On September 10th, Jayant Sinha, Chairman of the Standing Committee on Finance of the Indian National Assembly, said in an event organized by the Indian Blockchain and Encrypted Assets Committee (BACC) that the country’s encryption bill said: Our solution must be unique. Because our environment is unique. We must balance stability and growth, but we will recognize the importance of the entire encryption field. He said that it is impossible for India to adopt the cryptocurrency policy of advanced economies because the country has not yet achieved full capital account convertibility. India will not follow the example of the United States, Japan or El Salvador. He said that the country must pay close attention to the development of encrypted assets and cryptocurrencies, and pay close attention to related terrorist financing and domestic security threats. (Bitcoin.com)

Harmony will provide more than US$380 million in treasury funds to support ecological construction in the next four years

Babbitt News, on September 10, the blockchain platform Harmony announced that it will provide more than US$380 million in treasury funds to support ecological construction in the next four years. These funds will be used for DAO construction, partnership plans, bounty, and Fund new projects, sponsor Hackathon, start incubation, etc. Harmony said that from the fourth quarter of this year to the third quarter of 2022, it will provide financial support worth 180 million US dollars, including the provision of 50 million US dollars in salary and bonuses for 100 DAOs; and the sponsorship of 30 million US dollars for 1,000 bounty programs. Including the development of systems and tools for the agreement and non-technical tasks; providing 30 million US dollars of financial support for 10 partners, with the goal of targeting industry-leading projects; providing 20 million US dollars for the release of 500 new projects; With a budget of $20 million, 50 investments will be made and 10 Hackathons will be sponsored.

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