As The Metaverse And Crypto Economy Grows, Regulation Starts To Catch Up

Dubai-based cryptocurrency-based content platform MContent, in collaboration with PricewaterhouseCoopers (PwC), has produced a documentary on the ongoing Ripplevs SEC proceedings at the Metaverse virtual theater.

MContent has produced works on InsightTV and Villain Studios. Ripple vs SEC It was launched through MContent’s Cineverse. Virtual experience in the Metaverse Viewers will need an Oculus VR headset or augmented reality glasses to watch. The virtual theater was created by PwC’s Middle East-based emerging technology team..

The company premiered both Ripple vs SEC With Saga El Salvador vs World Bank At the launch event held in Dubai.

Umair Masoom, founder and CEO of MContent, said in a statement: MContent wants to increase the funding and screening opportunities of thousands of independent filmmakers around the world by offering Cineverse to viewers around the world. “

“As part of a decentralized ecosystem, MContent is launching the first fully monetized content consumption platform aimed at promoting sustainable revenue for content creators and viewers. “

Reza Essop, Emerging Technology Leader at PwC Middle East, said: “This is a great example of the region’s move towards digital transformation and is in close agreement with a wide range of major initiatives such as Dubai Vision 2030.”

“MContent has defined a practical application of new technology that integrates blockchain, NFT and extended reality (XR). We have facilitated this effort and brought this vision from concept to reality and many more. We are very proud to have achieved a sustainable commercial economy that benefits our people and paves the way for other ready-to-use initiatives. “

Incident and future

The Ripple vs SEC proceedings involve a proceeding filed by the Securities and Exchange Commission against the blockchain company Ripple Labs in 2020. The SEC has accused Ripple of using Digital Coin XRP to generate $ 1.3 billion in unregistered digital asset securities.

The main problem with the SEC is that it thinks XRP is a securities, not a currency. This makes XRP subject to highly specific legislation that casts doubt on the provision of unregistered securities in excess of $ 1 billion.

However, momentum gained momentum with several procedural victories and certain victories in cases that allowed evidence of a copy of the SEC’s official William Hinman, who stated in court that “cryptocurrencies are not securities.” There seems to be. One of the company’s lawyers is former SEC Chair Mary Jo White.

Investing and doing business through cryptocurrencies is still legally understood, as there have been many high-level disputes over the legitimacy and classification of the sector.

Founded by Dr. Anna Becker and Domitri Gustin, Endotech aims to streamline the nuances of trading and cryptocurrency involvement.

The company provides algorithmic automated transaction execution for investors. The solution applies artificial intelligence to read market trends and automatically identify and execute transactions based on the opportunities found. These transactions are syndicated to all member accounts.

With an endless story about huge profits in explosive markets like cryptocurrencies, traders have gained a desire for higher risk / reward opportunities, but want to make sure they are compliant in doing so. Both I think.

“These are new financial instruments for individual clients, offering breakthrough economic opportunities previously unavailable to individual investors,” said Dr. Becker.

Thanks to a secure API connection, clients can enjoy the certainty of pre-programmed algorithms to read market trends while still having full control over their accounts.

As a result, private investors can benefit from groundbreaking financial results. With over 160,000 retail accounts enrolled in EndoTech’s automated strategy, the real move to access hedge fund-type tools has begun. And the results are so far better than the top institutional results.

The company currently has over 160,000 retail clients subscribed to automated systems. Transparent trade reporting and results standards are what companies want to bring to a scrutinized market.

“Finally, we provide technology that enables all investors to harness the potential of markets such as cryptocurrencies in a more disciplined way,” said Dmitry Gooshchin, co-founder of EndoTech. I am.