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Latest Crypto News: RBI Now Part of Telangana’s Web 3.0 Sandbox; Google Cloud and Coinbase in strategic partnership

Telangana Principal Secretary, IT, Jayesh Ranjan has announced a partnership with the Reserve Bank of India (RBI) on Web 3.0 Regulatory Sandbox. He said it on November 5, 2022 during the Game Developer Conference.

According to the Telangana government, this sandbox will aim to promote and help various Web 3.0 start-ups to innovate in Blockchain, Metaverse, Non-Fungible Tokens (NFT), and others in the future. state.

The Telangana government had launched a “Web 3.0 Regulatory Sandbox” in August 2022.

OpenSea Introduces On-Chain Tool to Apply NFT Fees

OpenSea, an NFT marketplace, seems to have weighed in on the issue of NFT royalties by introducing a new “on-chain” tool to help producers enforce royalties.

While other market players have implemented their own tactics over the past few months, the NFT market, which CoinGecko claims controls 66% of the market share of NFT markets, has remained largely silent on the subject of royalties and enforcement. .

UK Bank Santander will block payments

UK bank Santander has said it will ban real-time payments at cryptocurrency exchanges from 2023. The measure, which was initially revealed in an email to customers, is aimed at protecting them from scammers, it said. reported Reuters.

Santander has yet to say when the change will come into effect in 2023. The bank will implement a tougher set of restrictions in the near future, she said.

He added that from November 15, payments made via mobile and online banking to cryptocurrency exchanges are limited to a maximum of £1,000 per transaction and £3,000 per 30-day period. slippery.

Customers’ ability to withdraw cash will not be affected by the new regulations, he added.

“In recent months, we have seen a sharp increase in UK customers falling victim to cryptocurrency fraud,” a Santander spokesperson said.

Google partners with Coinbase

Google Cloud and Coinbase announced a new long-term strategic partnership to better serve the growing Web 3.0 ecosystem and its developers.

According to a Google Cloud press release, the collaboration will involve Coinbase selecting Google Cloud as a strategic cloud provider to build advanced exchange and data services.

“Coinbase will use the powerful Google Cloud Platform to process Blockchain data at scale and enhance the global reach of its crypto services by leveraging Google’s premium fiber optic network,” the statement said.

Coinbase will also build its global data platform on Google Cloud’s secure infrastructure and leverage its core data and analytics technologies to provide Coinbase customers with machine learning-based crypto insights.

“We want to make building in Web 3.0 faster and easier, and this partnership with Coinbase helps developers get closer to that goal,” said Thomas Kurian, CEO of Google Cloud.

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