Crypto Update: Binance To Hire Indian Engineers And Breed Web 3.0 Startups

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Crypto Update For The Week: Binance to Hire Indian engineers, UK, US frame rules

Binance, the largest cryptocurrency exchange in the world, is looking to hire Indians and incubate Indian Web 3.0 startups. 

The company is looking to onboard startups in the fifth round of its incubation program. The crypto-company focuses on blockchain startups and actively monitors India's Web 3.0 and blockchain markets. 

One of the projects Binance had previously supported was eco-friendly blockchain Polygon, developed by co-founders Jaynti Kanani, Sandeep Nailwal, and Anurag Arjun.

"We focus on fundamentals and long-term to select projects that will directly impact the blockchain industry. Web3 startups in India have great potential to grow," said Ken Li, the investment director at Binance Labs, in an interview.

A round up of crypto updated for the week:

New Crypto Regulations From The UK And US

The Financial Conduct Authority (FCA), the UK's financial regulator, has stated that it will be working towards bringing tougher crypto regulations while working in partnership with the Securities Exchange Commission (SEC) in the US. 

With many bleeding-edge innovations in the crypto and De-Fi space still having no legal clarity, the collaboration between the two regulators is expected to clear the confusion that permeates the space and thus, reduce risks for investors. 

"The US and UK will deepen ties on crypto asset regulation and market developments — including about stablecoins and the exploration of central bank digital currencies," said Nikhil Rathi, Chief executive of FCA, reported Bitcoin.com.

The statements from Rathi come two weeks after participants from the two countries met at the U.S.-UK Financial Innovation Partnership (FIP) in London for