WAO ART #239

Zimbabwe has introduced a new digital currency called Zimbabwe Gold, which is backed by gold. The country has been struggling with a depreciating local currency and fears of re-dollarization. The digital tokens can be used for peer-to-peer and peer-to-business transactions, as well as serve as a store of value.

The Fourth Pacific Islands Climate Outlook Forum recently took place in Fiji, focusing on technical training for officers working on climate issues. The Climate Centre and the Secretariat of the PREP provided training on using games to engage stakeholders on the value of using seasonal rainfall forecasts.

The Brazilian securities authority, Comissao de Valores Mobiliarios, plans to establish a regulatory sandbox for tokenization in 2024. During the Rio Innovation Week, Daniel Maeda, the superintendent overseeing institutional investor supervision at CVM, announced the intention to explore a regulatory sandbox.

Cyprus is planning to tighten its crypto oversight by introducing new legislative amendments. The proposed changes would require cryptocurrency service providers to register with the Cyprus Securities and Exchange Commission before operating in the country.

CoinMarketCap has introduced the ChatGPT Plugin, which combines the power of CMC data with the capabilities of ChatGPT. This plugin acts as a personal crypto analyst intern, providing quick and easy answers to complex crypto questions.

The SEC has issued a subpoena for Elon Musk to appear for a deposition in relation to his Twitter purchase for $44 billion. This comes after years of feuding between Musk and the SEC, with Musk previously calling the SEC the "Shortseller Enrichment Commission."

Recbio, a Chinese company, has signed a strategic cooperation agreement with the Zimbabwe National Biotechnology Administration and the ICGEB China Regional Research Centre. Recbio will provide technical support for vaccine production in Zimbabwe.