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Pakistan-based startup She-Guard wins top climate innovation competition
Pakistan-based cleantech startup She-Guard secured the top position at the ‘ClimateLaunchpad Asia-Pacific’ finals, presenting their innovative biodegradable and plastic-free sanitary product. The startup’s mission revolves around converting banana crop waste into affordable and eco-friendly sanitary napkins, effectively addressing the interconnected challenges of climate change, public health, and solid waste management in Pakistan. ClimateLaunchPad, organised by EIT Climate-KIC, Europe’s leading climate innovation initiative, is the world’s largest green business competition for climate innovators.
Read the original article here: https://currentaffairs.adda247.com/pakistan-based-startup-she-guard-wins-top-climate-innovation-competition/
International deal to combat crypto tax evasion to start 2027 as 48 countries sign up
A total of 48 countries, including the U.K. and Singapore have pledged to implement a tax-transparency standard from 2027. This initiative aims to facilitate the automatic exchange of information between jurisdictions, specifically targeting tax evasion on cryptocurrency exchanges. The agreement incorporates the Organisation for Economic Co-operation and Development’s (OECD) Crypto-Asset Reporting Framework (CARF), finalised in June, into the organization’s existing Common Reporting Standard (CRS). The CRS serves as an information standard for the automatic exchange of financial account-related information among tax authorities.
Read the original article here: https://www.msn.com/en-us/money/markets/international-deal-to-combat-crypto-tax-evasion-to-start-2027-as-48-countries-sign-up/ar-AA1jIALP
Crypto.com wins Dubai licence
Crypto.com’s Dubai-based entity, CRO DAX Middle East FZE, has secured a Virtual Assets Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA), pending operational approval. This license, once finalized, will enable Crypto.com to provide a range of services, including exchange, broker-dealer, and investment, as well as lending and borrowing services to both retail and institutional investors in the Dubai market. The regulatory move comes as Dubai aims to position itself as a global hub for the virtual asset sector and diversify its economy.
Read the original article here: https://www.financialexpress.com/business/digital-transformation-crypto-com-wins-dubai-licence-3306529/
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