Tag Archives: efforts

Anndy Lian Joins Light Defi as an Investor and Independent Advisor to Lead on ESG and Blockchain Efforts

Anndy Lian Joins Light Defi as an Investor and Independent Advisor to Lead on ESG and Blockchain Efforts

São Paulo, Brazil, Dec. 13, 2021 (GLOBE NEWSWIRE) — Light DeFi is a crypto asset created on the Binance Smart Chain to revolutionize the renewable energy sector building photovoltaic plants, gathering the concepts of sustainability and Decentralized Finances (DeFi).

Light DeFi’s community was crucial to bringing the new investor to the sustainable project in blockchain technology. It started with a tweet and active engagement from a loyal community willing to conquer the best they can make to a revolutionary project, which connects blockchain and sustainability. Through a tweet in which Blockchain expert Anndy Lian wrote that to save the planet, the first step would be to join in the clean energy space, Light DeFi’s committed community took action. Many euphoric community participants replied by writing about Light DeFi’s revolutionary project in the expert’s tweet.

On Twitter itself, Light DeFi CEO Germano Sales replied directly to Anndy, and it was there that an exchange of messages took place. The CEO of Light DeFi and Anndy Lian scheduled a call right away. Germano Sales explained Light DeFi and the photovoltaic plant project that started in the second half of November after purchasing the land, which was announced during the first Light Day event in São Paulo, which brought developers and the ecosystem participants.

The highly positive conversation ended with Anndy Lian as an investor and independent advisor of Light Defi. The subject of sustainability has already gained a special time of the pioneer in Blockchain technology, whether in-depth in the area or personal attitudes related to the environment. Anndy is also linked to the ESG concept. This acronym defines investments that prioritize sustainability, with values that include an environmental, social, and governance approach, factors that help balance companies. Lian has already put into practice in companies and projects that he is an advisor.

“Emerging distributed ledger technologies (DLT), such as blockchain can help to drive more favourable enterprise environmental, social and governance outcomes. In my humble opinion, blockchain is the digital enabler for sustainable efforts. I think Light Defi has it all. I am looking forward to their photovoltaic plant project.” Anndy Lian said.

“Thank you Anndy for the faith in investing into us. We only want the best for our project and Anndy fits nicely to equation. With increasing demand from professional and institutional investors for ESG-friendly crypto products, Light Defi would be their preferred choice.” CEO Germano Sales added.

Light DeFi’s project, which is already building its first photovoltaic plant, was crucial to Anndy’s decision to become an investor and independent advisor. The author of the best-seller “Blockchain Revolution 2030” and a former member of Hyundai DAC got fascinated by the Light Group project. And after a busy day full of tweets, meetings, and negotiations, Anndy ended its day questioning on his Twitter what else Light DeFi could do to call billionaire Elon Musk’s attention, concluding his tweet with an “anything is possible.”

About Light Defi:

Light DeFi is a crypto asset created on the BSC (Binance Smart Chain) to revolutionize the renewable energy sector building photovoltaic plants, gathering the concepts of sustainability and Decentralized Finances (DeFi).

Created on August 8, 2021, in a short time, Light DeFi has also received a vital certificate from Certik, the company responsible for auditing platforms such as PancakeSwap, Binance, and Polygon.

The LIGHT token achieved remarkable recognition in the market by being listed on Coinmarketcap, considered the largest platform globally for the verification of the price of cryptoactives in the market. Through CoinMarketCap, Light DeFi has already reached four times the top ranking of the best daily results among the tokens listed on the site.

 

Original Source: https://finance.yahoo.com/news/anndy-lian-joins-light-defi-045900868.html

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
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Cryptocurrency ban in India: Government is continuing efforts to prohibit all private cryptos

Cryptocurrency ban in India: Government is continuing efforts to prohibit all private cryptos

The Indian government’s ban on private cryptocurrencies through a draft bill entitled the Cryptocurrency and Regulation of Official Digital Currency 2021 has sent shockwaves around the world.

Will this lead to a blanket ban? Could the government soften its stance amid a public backlash? Those are just two of the questions after a government bulletin surfaced indicating upcoming legislation that could prohibit people from holding, selling, mining or transferring “private cryptocurrencies” in India.

The proposed legislation aims to create a framework that would facilitate the creation of a central bank digital currency (CBDC) to be issued by the Reserve Bank of India (RBI).

The bill does leave room for interpretation. It states that the government will seek to prohibit all “private cryptocurrencies” in India, but allows for certain exceptions to promote the underlying technology of cryptocurrency and its uses.

Since the draft bill does not specify what’s meant by “private cryptocurrencies”, it’s unclear whether the proposed ban will apply to heavily traded coins like bitcoin or ether, which are not controlled or managed by any private entities.

Indian cryptocurrency ban explained: What really happened?

In terms of cryptocurrency legality in India, the government has been sitting on a crypto regulation bill for nearly three years. In February 2019, the country’s Inter-Ministerial Committee (IMC) released a report advocating for a law to ban cryptocurrencies in India, recommending that those caught carrying out any activity connected with crypto could be fined or face imprisonment for up to ten years.

The IMC cited heavy price fluctuations and pseudonymity within the crypto market as reasons for why they do not consider cryptocurrency to be legal tender. This initial draft bill, which was not passed in 2019, set the groundwork for the 2021 bill, with clear parallels between the two.

In April 2018, the Reserve Bank of India (RBI) barred banks and financial institutions from dealing with cryptocurrencies, citing concerns over consumer protection, market integrity and money laundering. However, this caused a national uproar and on 4 March 2020, the ban was set aside by the Indian Supreme Court.

India’s prime minister, Narendra Modi, hinted at crypto regulation in India during his inaugural speech at the Sydney Dialogue last week.

The politician stated that cryptocurrencies could “spoil” Indian youth because they pose serious concerns for macroeconomic and financial stability.

Will India’s cryptocurrency ban ripple overseas?

Unperturbed by both the IMC and RBI’s efforts to enact a national crypto clampdown, 32% of Indians aged between 18-24 and 29% of those aged 35-44 have invested in crypto in 2021, according to a report by Finder.

India ranks second in the Global Crypto Adoption Index, behind Vietnam but ahead of countries such as the U.S, UK and China, while large institutional sized-transfers amounting to over $10m represent 42% of crypto transactions sent from India-based addresses. The country is also seeing increased development and usage of innovative decentralised finance (DeFi) projects.

The financial landscape and cryptocurrency regulation in India could change if the draft bill comes into effect during this year’s parliamentary Winter Session, commencing on 29 November.

Its impact on investors, crypto exchanges and policymakers, as well as the wider markets, won’t be fully known until the government releases more of the bill’s details, but crypto adoption and usage could be affected in the wake of any ban.

India is the second most populous country in the world behind China, which has already issued a ban prohibiting domestic financial institutions from dealing in or using cryptocurrency. If the draft bill passes, 2.8bn people (over a third of the global population) will have no access to crypto.

Anndy Lian, chairman of BigONE Exchange and chief digital advisor for Mongolia’s national productivity agenda, believes that if India bans crypto, it could create an outflow of investments.

“Those who want to invest in crypto would still find ways to do it outside of India. The ripple effects of this will be huge,” Lian told Capital.com.
“When the news of the bill first came out, reporters were predicting that stablecoin’s like USDT could drop by 25% to nearly 60 (INR) rupees and numerous Indian exchanges have been facing withdrawal issues due to high volumes of selling.
“But during the panic, we are missing the point that many investors are also buying USDT due to the price differences, as well as moving their assets to other global exchanges. India should take inspiration from Singapore and Switzerland’s pragmatic approaches to crypto in order to remain competitive globally.”

At the moment, the draft bill only includes one short paragraph discussing the proposed cryptocurrency rules in India. The possible impact won’t be any clearer until 23 December, when the parliamentary Winter Session concludes.

But, when news of the draft bill first broke out on 24 November 2021, WazirX, the most well-known crypto exchange in India, crashed when it experienced trading delays in the app – an issue that can result from high user activity.

A looming blanket ban? The implications for crypto traders in India

There are over 13,000 cryptocurrencies, according to data from CoinMarketCap. The Cryptocurrency and Regulation of Official Digital Currency 2021 draft bill does not specify what is meant by “private cryptocurrencies”.

If the Indian government classifies cryptocurrencies on the basis of their ownership, then all cryptocurrencies not issued by the government could be banned under the bill.

One issue is that with cryptocurrencies like bitcoin anyone can see the balance and transactions of any address because all bitcoin transactions are public, traceable and permanently stored on the network.

The blockchain – a shared immutable ledger that facilitates the process of recording transactions and tracking assets – is permissionless and decentralised in nature, allowing anyone to join.

This does suggest that the term “private cryptocurrency” could be void because cryptocurrencies are public, insofar as their transactions are transparent.

The ambiguity surrounding the possibility of a blanket Indian crypto ban is further intensified by the fact that the IMC draft bill proposed in 2019 states that distributed ledgers can be categorised as public or private depending on whether the ledgers can be accessed by anyone or only the participating entities in the network.

In this case, any implications of the proposed ban on crypto trading in India will only become apparent when the government explains what is meant by “private cryptocurrencies”, and whether it’s defined on the basis of ownership.

“It is unclear at this point whether the Indian government will impose a blanket ban on cryptocurrencies, it is more likely that they will seek to regulate digital currencies through several restrictions,” said Anirudh Rastogi, the Founder of Ikigai Law, a company specialising in blockchain and cryptocurrencies.
“Some of the murmurs are that the government will ban the use of cryptocurrencies for payments, though that begs the question as to how gas payments will be made,” Rastogi told Capital.com.

A government ban prohibiting all “private cryptocurrencies” could have a dramatic impact on the wider crypto community and serve as a stumbling block to crypto’s advancement as an economic force in India.

 

Original Source: https://capital.com/cryptocurrency-ban-in-india

 

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
j j j