In xDay 2023, MultiversX focused on the Metaverse, scalability, and global adoption of crypto. The Romanian Minister of Research, Innovation and Digitalization expressed support for the crypto community, tax exceptions for crypto companies, and the implementation of a legal framework. Romania aims to lead in emerging technologies, including blockchain, AI, and quantum technology. They want to establish their own position in the crypto industry.
Our analysis of the situation
Welcome to the dazzling world of xDay 2023, an event that promises to send shockwaves through the crypto community and elevate innovation to new heights. Organized by MultiversX, the project formerly known as Elrond, this gathering at the Palace of Parliament in Romania is leaving no stone unturned in its pursuit of revolutionizing the Metaverse, scaling crypto solutions, and achieving global adoption. And let me tell you, it's a wild ride you won't want to miss!
We had the privilege of catching up with none other than Bogdan-Gruia Ivan, the Romanian Minister of Research, Innovation, and Digitalization, who is on a mission to champion the crypto enthusiasts and builders. In our conversation, he left no doubts about his unwavering support for this vibrant community that brims with potential. With a vision of attracting capital, offering tax exemptions to crypto enterprises, and establishing a solid legal framework, the Minister is sending a clear message: Romania means business in embracing the blockchain revolution.
Curiosity piqued, we grilled the Minister on his thoughts about the event itself and the groundbreaking projects emerging from MultiversX. His response was a testament to his enthusiasm and admiration for the extraordinary work being done:
"The first time I stepped foot in the Romanian Parliament was 20 years ago, and I can confidently say that I've never seen it as invigorated and forward-thinking as it is now. Beniamin Mincu and Multiverse X are weaving their magic here, breathing life into the halls of power. It's truly amazing!"
Hungry for details about the Minister's plans to support MultiversX and the crypto community, we delved deeper. The Minister revealed a threefold strategy that aims to put Romania in the limelight of technological advancement:
"First and foremost, we are currently developing a comprehensive legal framework for blockchain and emerging technologies, giving Romania a strategic advantage and cementing our place on the global map. Secondly, our focus is on crafting an AI strategy that will foster innovation, and finally, we are eager to tap into the immense potential of quantum technology and position Romania as a regional hub for software and quantum technologies. We are confident that our young, brilliant minds from the IT sector will play a pivotal role in our journey towards greatness."
When asked whether Romania's cooperation with crypto projects will extend to the European Union, the Minister's response had a touch of patriotic ambition:
"We are eager to collaborate with our partners, but at the same time, we strive to carve out our unique position in this game-changing space. Our goal is for Romania to lead the way in cryptocurrencies and emerging technologies, fueled by our thriving ecosystem, crypto-friendly regulations, and a wealth of talented individuals. We're not just aiming for crypto dominance; we want to set the pace for innovation as a whole."
As the world watches with bated breath, the price of Bitcoin flirts with the $30,000 mark, eager to take part in the excitement brewing at xDay 2023. This event is poised to propel the crypto revolution to unprecedented levels, and NewsBTC will be your steadfast companion every step of the way.
Cover image courtesy of MultiversX, chart provided by Tradingview.
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