Table of Contents
Uniswap looks to raise $100 million
European Council passes Markets in Crypto-Assets (MiCA) bill
Russia's Ministry of Finance embraces crypto payments
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2022-10-075 minutes

Cryptal Bits #10: Oct 7

Uniswap looks to raise $100 million

TechCrunch is reporting that Uniswap Labs is forming a new round of equity investment, hoping to raise at least $100 million. Potential investors include Polychain and a sovereign Singapore fund, according to anonymous sources. Uniswap Labs last raised funding through a Series A round in August 2020. Uniswap's UNI token has a market cap of over $5 billion. This new funding could help it ambitiously expand its offerings toward its goal "universal ownership" in the crypto sphere.

Read more on TechCrunch

European Council passes Markets in Crypto-Assets (MiCA) bill

On Wednesday, the European Council passed a crypto regulations bill entitled Markets in Crypto-Assets (MiCA). It will now move on to the European Parliament for the next vote, and will then be translated into all of the official languages of the European Union. The new law will regulate all crypto-related activity and the issuance of cryptocurrencies taking place within the EU. Stronger oversight for companies known as Crypto-asset Service Providers (CASPs) is also prominently addressed.

Read the bill here

Russia's Ministry of Finance embraces crypto payments

TASS news is reporting that the Russian Ministry of Finance plans to allow bitcoin and cryptocurrency payments for international settlements within every industry without restriction, according to an interview with Ivan Chebeskov, director of the Financial Policy Department, broadcast on RTVI earlier this week. The Central Bank of Russia has also announced that it is planning to begin testing a digital ruble in April 2023.

Read more on TASS

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Have you heard about the new Cryptal Bulls Club? This month's coin is MANA. Win a BullsOnTheBlock NFT by hodling and earning points!

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