Engaging Title: “Navigating Crypto Volatility: Bitgert Shines Amid Market Corrections”

### Title: “Unlocking Growth: Deutsche Telekom’s Web3 Expansion and Crypto Ventures” “`html Unlocking Growth: Deutsche Telekom’s Web3 Expansion and Crypto Ventures Summary Deutsche Telekom, as a Polygon validator and Fetch.ai partner, is expanding its Web3 initiatives to include Bitcoin mining and Lightning Network nodes. The company’s focus on digital infrastructure and cryptocurrency operations positions it for new revenue streams. Introduction Deutsche Telekom, a key player in Web3 technologies, has been actively involved in validating blockchain networks and recently ventured into Bitcoin mining. Through partnerships and strategic initiatives, the company is leveraging its infrastructure for innovative ventures in the crypto space. Main Points Deutsche Telekom, a Polygon validator since June 2023, has extended its involvement in Web3 by collaborating with Fetch.ai to launch corporate AI solutions. Their focus on supporting blockchain networks and expanding into Bitcoin mining reflects a strategic shift towards cryptocurrency operations. Dirk Röder, overseeing Web3 infrastructure, shared the company’s future plans at BTC Prague, emphasizing their Bitcoin and Lightning Network nodes operations. This move towards digital monetary processes aligns with their ongoing crypto initiatives and commitment to blockchain technologies. Deutsche Telekom’s engagement in blockchain validation, Bitcoin mining, and Lightning Network nodes underscores their commitment to fostering innovation and exploring new opportunities in the crypto space. By participating in various aspects of the blockchain ecosystem, the company is poised to capitalize on the growing trends in digital currencies. Conclusion Deutsche Telekom’s foray into cryptocurrency operations and Web3 expansion signifies a strategic approach to leveraging blockchain technologies for business growth. With a focus on validation services, AI partnerships, and cryptocurrency mining, the company is well-positioned to tap into the evolving landscape of digital assets and decentralized applications. “`

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The next G7 meeting might bring a push from the seven biggest democracies for tougher regulations on cryptocurrencies around the world, Kyoto news agency reports on March 25.

Together, leaders from Japan, the United States, the United Kingdom, Canada, France, Germany, and the European Union will outline a cooperative strategy to increase crypto transparency and enhance consumer protections, as well as address potential risks to the global financial system, officials told Kyoto. This year’s summit is set to happen in Hiroshima, in May.

Among G7 members, Japan already regulates cryptocurrencies, while the European Union’s Markets in Crypto-Assets (MiCA) regulation is set to go into effect in 2024. The United Kingdom is gradually developing its crypto framework, with a special category for crypto assets on tax forms recently introduced, as well as plans for a digital pound.

Related: The limitations of the EU’s new cryptocurrency regulations

Canada treats digital assets as securities and the United States currently applies existing financial regulations, with some anticipating a crypto regulatory framework from lawmakers in the coming months.

Parallel efforts towards standards for digital assets are being made by the Financial Stability Board (FSB), the International Monetary Fund (IMF), and the Bank for International Settlements (BIS), the group of the 20 biggest economies of the world — collectively known as G20 — announced in February during a meeting in Bengaluru, India.

India’s finance minister, Nirmala Sitharaman, during FMCBG meeting in Bengaluru. Source: Ministry of Finance

Recommendations on the regulation, supervision and oversight of global stablecoins, crypto assets activities and markets are scheduled to be delivered by July and September. It is unclear, however, what the overall tone of the recommendations will be.

For instance, in February the IMF released an action plan on crypto assets, urging countries to abolish legal tender status for cryptocurrencies. The IMF opposition to crypto as legal tender is well known, especially since El Salvador adopted Bitcoin as its official currency in September 2021. The fund, however, has been advocating for countries to adopt greater crypto regulation, while it’s working on an interoperable central bank digital currency platform to connect multiple global CBDCs and enable cross-border transactions.

Magazine: Best and worst countries for crypto taxes — plus crypto tax tips