News linked to both this project and an event.
Odaily News - Jio Platforms, the digital and telecommunications arm of billionaire Mukesh Ambani's Reliance Industries, has received regulatory approval, clearing a key hurdle for its long-anticipated initial public offering (IPO). According to the Securities and Exchange Board of India (SEBI) website, the regulator issued a letter of observation to Jio Platforms during the week ending August 28, indicating that the company has been permitted to proceed with the IPO process. (Bloomberg)Jio Platforms' listing plans have drawn significant market attention. Last year, the company launched JioCoin, a reward token built on the Polygon blockchain. Community users have reported that the token has been integrated into Jio's web browser, JioSphere.
Odaily News: Alkemya Metacore is preparing to issue a new security, ALKN, linked to its inventory of high-purity nickel wire, with plans to raise $50 million through tokenization. The related inventory is valued at $1.6 billion, approximately 7 million meters, and is currently stored in Switzerland. The nickel wire is primarily used in semiconductors, aerospace, and defense sectors. The raised funds will be used to support its operating subsidiary, Green Transitional Metals, in the research, development, and commercialization of nickel products in areas such as electromagnetic shielding, aerospace and defense, semiconductors, power industry systems, green hydrogen, and precious metal recycling. Bitfinex Securities will facilitate the listing of ALKN, with the initial subscription for qualified investors open until October 15. This product is described as one of the world's first tokenized nickel products and the first tokenized commodity issuance under El Salvador's digital asset regulatory framework.
the Finance Committee of the German Bundestag has rejected a cryptocurrency tax reform proposal put forward by the Green Party.The proposal originally aimed to abolish the policy that exempts capital gains tax on cryptocurrencies sold after being held for more than one year. Under current German law, individuals are exempt from capital gains tax when selling crypto assets held for over a year.The Green Party argued that crypto assets should be subject to the same tax rules as other investment assets. However, opponents pointed out that the proposal could result in a higher tax burden for crypto investors compared to ordinary stock investors. The Green Party estimated that scrapping the relevant tax exemption could generate an additional approximately €11.4 billion in tax revenue annually for Germany. (Cryptopolitan)
Odaily News Uzbekistan President Shavkat Mirziyoyev has signed a decree establishing the "Besqala Mining Valley" special cryptocurrency mining zone, aiming to develop green energy mining and attract international investment. Miners can sell crypto assets on local and overseas exchanges, with proceeds directly entering domestic bank accounts. Regarding policies, participants in the mining zone are exempt from income tax until 2035, only required to pay a 1% management fee on revenue; electricity prices are set at 1800 som per kilowatt-hour, with exceptional incentives provided for investment projects exceeding $100 million. Regarding access, only locally registered enterprises are eligible to apply, and they must possess power facilities and pass approval processes, with relevant personnel having no record of economic crimes. (Lex.uz)