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  14. <description>Save. Invest. Prosper.</description>
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  23. <title>FTX Bankruptcy: How Sam Bankman Fried&#8217;s Lawyers Want to Avoid Him from Life Imprisonment</title>
  24. <link>https://born2invest.com/articles/sam-bankman-lawyers-life-imprisonment/</link>
  25. <dc:creator><![CDATA[Sharon Harris]]></dc:creator>
  26. <pubDate>Thu, 29 Feb 2024 16:30:00 +0000</pubDate>
  27. <category><![CDATA[Fintech]]></category>
  28. <category><![CDATA[featured]]></category>
  29. <category><![CDATA[FTX bankruptcy]]></category>
  30. <category><![CDATA[Mark Mukasey]]></category>
  31. <category><![CDATA[Sam Bankman]]></category>
  32. <category><![CDATA[Trump lawyers]]></category>
  33. <guid isPermaLink="false">https://born2invest.com/?p=622633</guid>
  34.  
  35. <description><![CDATA[Sam Bankman Fried, the former CEO of the collapsed FTX empire, may face a life sentence. His defense strategy revolves around investors' potential recovery, but an exemplary sentence is anticipated. Since the FTX empire collapsed, it was the end of 2022, Sam Bankman Fried has always declared himself sorry for the pain he caused and not guilty.]]></description>
  36. <content:encoded><![CDATA[
  37. <p>The former CEO of the <a href="https://born2invest.com/articles/ftx-bankruptcy-customers-receive-less/" target="_blank" aria-label=" (opens in a new tab)" rel="noreferrer noopener" class="ek-link">bankrupt exchange</a>  faces up to 115 years in prison. Does Sam Bankman legal team have a strategy for seeking clemency?</p>
  38.  
  39.  
  40.  
  41. <p>Sam Bankman Fried &#8216;s new lawyer, Marc Mukasey (former lawyer of former US president Trump), has asked for a lenient sentence for his client , which does not go beyond six and a half years in prison. We are talking about the former CEO of FTX , an exchange that ended up at the center of one of the biggest crypto scams of recent years.</p>
  42.  
  43.  
  44.  
  45. <p>Read more about Sam Bankman and the bankruptcy of FTX exchange, and fidn the most important <a aria-label=" (opens in a new tab)" href="https://play.google.com/store/apps/details?id=com.borntoinvest.borntoinvest&amp;hl=en" target="_blank" rel="noreferrer noopener" class="ek-link">financial news</a> of the day with teh Born2Invest mobile app. Be the first to find the most important market updates with our app.</p>
  46.  
  47.  
  48.  
  49. <h3 class="wp-block-heading">Why is Sam Bankman Fried in prison?</h3>
  50.  
  51.  
  52.  
  53. <p>Found guilty by a jury on all charges (including fraud and conspiracy) at the end of 2023, the former star of the American and global fintech scene faces up to 115 years in prison . That is, life imprisonment .</p>
  54.  
  55.  
  56.  
  57. <p>A few months ago he was found guilty of stealing $8 billion from people who had deposited their money on the platform of FTX , a company that ended up bankrupt. The sentence should arrive at the end of March, but Sam Bankman Fried &#8216;s lawyer has asked the judge that the prison years be reduced, and by a lot.</p>
  58.  
  59.  
  60.  
  61. <h3 class="wp-block-heading">What is the risk?</h3>
  62.  
  63.  
  64.  
  65. <p>As we read on Reuters, Fried&#8217;s defense strategy would be based on the fact that most investors would have recovered a good part of the lost sums. As we read in the New York Times , the sentence, expected in the next few weeks, is likely to be exemplary, with a life sentence for the 31-year-old, currently detained in a penitentiary in Brooklyn .</p>
  66.  
  67.  
  68.  
  69. <p>Since the FTX empire collapsed, it was the end of 2022, Sam Bankman Fried has always declared himself sorry for the pain he caused and not guilty. The FTX crisis has long been defined as one of the most sensational scams of recent years. In recent days, the photo of the former CEO in the penitentiary has circulated on X, an image immediately devoured by the web to produce memes.</p>
  70.  
  71.  
  72.  
  73. <p><em>__</em></p>
  74.  
  75.  
  76.  
  77. <p><em>(Featured image by <a href="https://unsplash.com/photos/person-holding-black-android-smartphone-oPRU2Cne0Pw" class="ek-link" target="_blank" rel="noopener">Sajad Nori</a> via <a href="https://unsplash.com/license" target="_blank" rel="noreferrer noopener">Unsplash</a>)</em></p>
  78.  
  79.  
  80.  
  81. <p><em>DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our&nbsp;</em><a href="https://born2invest.com/disclaimer-policy/" target="_blank" rel="noreferrer noopener"><em>disclaimer</em></a><em>&nbsp;for more information.</em></p>
  82.  
  83.  
  84.  
  85. <p><em>This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these&nbsp;</em><a href="https://born2invest.com/disclaimer-policy/" target="_blank" rel="noreferrer noopener"><em>important disclosures</em></a><em>.</em></p>
  86.  
  87.  
  88.  
  89. <p><em>First published in <a href="https://startupitalia.eu/tech/sam-bankman-fried-ergastolo/" target="_blank" aria-label=" (opens in a new tab)" rel="noreferrer noopener" class="ek-link">StartupItalia</a>. A third-party contributor translated and adapted the articles from the originals. In case of discrepancy, the originals will prevail.</em></p>
  90.  
  91.  
  92.  
  93. <p><em>Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us</em></p>
  94. ]]></content:encoded>
  95. <imageurl>https://born2invest.com/wp-content/uploads/2024/02/sajad-nori-oPRU2Cne0Pw-unsplash-740x490.jpg</imageurl><photo_credit>(Featured image by Sajad Nori via Unsplash)</photo_credit><tags>featured,FTX bankruptcy,Mark Mukasey,Sam Bankman,Trump lawyers</tags> </item>
  96. <item>
  97. <title>Banking Shares Represent Half of the Investments of Spaniards in the Ibex 35</title>
  98. <link>https://born2invest.com/articles/ibex-35-banking-investments-spaniards/</link>
  99. <dc:creator><![CDATA[Andrew Ross]]></dc:creator>
  100. <pubDate>Thu, 29 Feb 2024 15:30:00 +0000</pubDate>
  101. <category><![CDATA[Markets]]></category>
  102. <category><![CDATA[banking shares]]></category>
  103. <category><![CDATA[featured]]></category>
  104. <category><![CDATA[Ibex 35]]></category>
  105. <category><![CDATA[retail investors]]></category>
  106. <category><![CDATA[Spanish investors]]></category>
  107. <guid isPermaLink="false">https://born2invest.com/?p=622614</guid>
  108.  
  109. <description><![CDATA[During last year, the volume of purchases by retail investors of Ibex 35 shares was 20.6 billion euros and the sales volume was 25.2 billion, which represents a decrease of 2.9% in the first case compared to 2022 and an increase of 5.5% in the second. These volumes, like last year, are lower than those recorded during the pandemic, but higher than those observed before it. ]]></description>
  110. <content:encoded><![CDATA[
  111. <p>The Ibex 35 recorded a good year in 2023. The Spanish selective closed with a rise of 22.7%, its best year since 2009. This good evolution is also reflected in retail investments, that is, those that citizens make directly and not through a fund. Therefore, the proportion of retail investment in total negotiated purchases stood at 7.4% compared to 6.2% the previous year. On the sales side, the ratio was 9.1%.</p>
  112.  
  113.  
  114.  
  115. <p>That is, according to data from the National Securities Market Commission, <a aria-label=" (opens in a new tab)" href="https://born2invest.com/articles/deposits-begins-to-fall-large-banks/" target="_blank" rel="noreferrer noopener" class="ek-link">retail investors</a> increased their interest in the Ibex 35. And above all they showed their interest in the financial sector. The CNMV survey shows that most of the securities traded belonged to the financial sector, which further increased its relevance to 49.1% of the total volume, compared to 39.3% the previous year.</p>
  116.  
  117.  
  118.  
  119. <p>Read more about the performance of the Ibex 35 and find the most important <a aria-label=" (opens in a new tab)" href="https://play.google.com/store/apps/details?id=com.borntoinvest.borntoinvest&amp;hl=en" target="_blank" rel="noreferrer noopener" class="ek-link">business news</a> of the dau with the Born2Invest mobile app.</p>
  120.  
  121.  
  122.  
  123. <h3 class="wp-block-heading">During last year, the volume of purchases by retail investors of Ibex 35 shares was 20.6 billion euros </h3>
  124.  
  125.  
  126.  
  127. <p>This significant growth meant a decrease in the weight of the rest of the sectors, highlighting the drop in the energy sector from 21.4% in 2022 to 16.6% in 2023 and that of industrial companies, from 15. 4% to 12.6%. The communications sector was an exception to these generalized decreases by most sectors, since its share went from 5.4% to 6.3%.</p>
  128.  
  129.  
  130.  
  131. <p>This confidence in the financial sector is due, among other things, to the fact that it is a sector that has benefited from the rise in rates to 4.5%. The six banks listed on the Ibex 35 have recorded record profits and have performed well on the selective. Furthermore, it should be noted that they are securities with a large capitalization. </p>
  132.  
  133.  
  134.  
  135. <p>In fact, Banco Santander, BBVA and Caixabank are the third, fourth and fifth securities with the highest capitalization of the Ibex. It is worth highlighting the first two, whose stock market value is 61,000 million and 54,000 respectively.</p>
  136.  
  137.  
  138.  
  139. <h3 class="wp-block-heading">Ibex 35 investors profile</h3>
  140.  
  141.  
  142.  
  143. <p>The 2023 data reflects growth in the participation of retail investors within the equity market. In previous years, it was reflected how this had increased significantly with the beginning of the pandemic in 2020, and then decreased the following year. However, in 2022 it resumed a slightly increasing path, which was notably accentuated in 2023.</p>
  144.  
  145.  
  146.  
  147. <p>During last year, the volume of purchases by retail investors of Ibex 35 shares was 20.6 billion euros and the sales volume was 25.2 billion, which represents a decrease of 2.9% in the first case compared to 2022 and an increase of 5.5% in the second. These volumes, like last year, are lower than those recorded during the pandemic, but higher than those observed before it. In 2023, as in the previous two years, the sales position of retailers was once again larger.</p>
  148.  
  149.  
  150.  
  151. <p>According to CNMV data, in 2023 an event similar to the previous year occurred, and that is that the aggregate amounts of purchases decreased to a lesser extent than the number of operations carried out. The explanation lies in the same aspect, and is that the median volume of total operations carried out increased in most age groups, with the exception of the youngest group (from 18 to 34 years old). In this group, a median volume went from 2,000 to 1,871 euros, while in the other groups there were increases of around 300-400 euros for each age group.</p>
  152.  
  153.  
  154.  
  155. <p>In line with what occurred in previous years, the majority proportion of the volume traded in Ibex 35 shares continued to be carried out by men, although this decreased slightly (79.4% in 2023 compared to 81.1% in the year former). The percentage negotiated by women decreased slightly from the first to the second quarter and then grew in the following two quarters. In 2022 as a whole, its participation was 20.6%.</p>
  156.  
  157.  
  158.  
  159. <p>Regarding the average age of the investor, this continued, in the case of men, the increasing trend that began after the significant decrease that had occurred in 2020 due to the incorporation of a large number of young investors in the pandemic. In this way , the average age was 51.9 (51.6 in 2022). In the case of women, the average age remained the same as in 2022, at 54.8 years. </p>
  160.  
  161.  
  162.  
  163. <p><em>__</em></p>
  164.  
  165.  
  166.  
  167. <p><em>(Featured image by&nbsp;<a href="https://www.pexels.com/photo/photo-of-city-during-dawn-3757144/" class="ek-link" target="_blank" rel="noopener">Alex Azabache</a> via&nbsp;<a href="https://www.pexels.com/license/" target="_blank" rel="noreferrer noopener">Pexels</a>)</em></p>
  168.  
  169.  
  170.  
  171. <p><em>DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our&nbsp;</em><a href="https://born2invest.com/disclaimer-policy/" target="_blank" rel="noreferrer noopener"><em>disclaimer</em></a><em>&nbsp;for more information.</em></p>
  172.  
  173.  
  174.  
  175. <p><em>This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these&nbsp;</em><a href="https://born2invest.com/disclaimer-policy/" target="_blank" rel="noreferrer noopener"><em>important disclosures</em></a><em>.</em></p>
  176.  
  177.  
  178.  
  179. <p><em>First published in&nbsp;<a href="https://www.elindependiente.com/economia/2024/02/29/acciones-banca-representan-mitad-inversiones-espanoles-ibex/" target="_blank" aria-label=" (opens in a new tab)" rel="noreferrer noopener" class="ek-link">EL INDEPENDIENTE</a>.&nbsp;A third-party contributor translated and adapted the articles from the originals. In case of discrepancy, the originals will prevail.</em></p>
  180.  
  181.  
  182.  
  183. <p><em>Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us</em></p>
  184. ]]></content:encoded>
  185. <imageurl>https://born2invest.com/wp-content/uploads/2024/02/pexels-alex-azabache-3757144-740x490.jpg</imageurl><photo_credit>(Featured image by Alex Azabache via Pexels)</photo_credit><tags>banking shares,featured,Ibex 35,retail investors,Spanish investors</tags> </item>
  186. <item>
  187. <title>Bitcoin, Soon an ATH of 70,000: Investors also FOMO These 5 Cryptos</title>
  188. <link>https://born2invest.com/articles/bitcoin-70000-investors-fomo-5-cryptos/</link>
  189. <dc:creator><![CDATA[Valerie Harrison]]></dc:creator>
  190. <pubDate>Thu, 29 Feb 2024 14:30:00 +0000</pubDate>
  191. <category><![CDATA[Crypto]]></category>
  192. <category><![CDATA[bitcoin]]></category>
  193. <category><![CDATA[bitcoin price]]></category>
  194. <category><![CDATA[crypto investors]]></category>
  195. <category><![CDATA[crypto market]]></category>
  196. <category><![CDATA[featured]]></category>
  197. <guid isPermaLink="false">https://born2invest.com/?p=622597</guid>
  198.  
  199. <description><![CDATA[With Bitcoin's recent performance, many investors are anticipating that the crypto could reach a new high before its next halving. Currently, the Bitcoin price sits approximately 14% below its all-time high (ATH) of $69,000. It is important to note that the next halving is planned in approximately 49 days, in April. Historically, this event has often led to a significant increase in the price of Bitcoin on the markets.]]></description>
  200. <content:encoded><![CDATA[
  201. <p>The crypto market is currently booming with <a href="https://born2invest.com/articles/bitcoin-whale-historic-purchase/" target="_blank" aria-label=" (opens in a new tab)" rel="noreferrer noopener" class="ek-link">BTC reaching new records</a> since 2021. At the same time, investors are also interested in other projects to multiply their profits on the markets.</p>
  202.  
  203.  
  204.  
  205. <p>Read more about the price of Bitcoin and find other important <a href="https://play.google.com/store/apps/details?id=com.borntoinvest.borntoinvest&amp;hl=en" target="_blank" aria-label=" (opens in a new tab)" rel="noreferrer noopener" class="ek-link">financial news</a> with the Born2Invest mobile app.</p>
  206.  
  207.  
  208.  
  209. <h3 class="wp-block-heading">Bitcoin, soon an ATH at $70,000</h3>
  210.  
  211.  
  212.  
  213. <p>Bitcoin reached a remarkable milestone at the start of the week, reaching a new annual high. Since Monday, the crypto has gained more than 20% on the markets and its value has settled around $60,000.</p>
  214.  
  215.  
  216.  
  217. <p>This is a level that crypto has not reached since November 2022. This positive dynamic is mainly supported by the enthusiasm around Bitcoin Spot ETFs in the United States.</p>
  218.  
  219.  
  220.  
  221. <p>As BFM TV points out, record trading volumes on the Grayscale and Blackrock ETFs were recorded with respectively $2.4 billion and $1.3 billion in just 24 hours.</p>
  222.  
  223.  
  224.  
  225. <p>Additionally, notable figures like Michael Saylor , with his massive Bitcoin acquisition, are helping to grow interest in crypto. Recently, over 3,000 BTC were purchased by Microstrategy and Saylor to make it known that he had no plans to sell his bitcoins, regardless of how the market behaves in the future.</p>
  226.  
  227.  
  228.  
  229. <h3 class="wp-block-heading">Soon the $70,000 before the April halving?</h3>
  230.  
  231.  
  232.  
  233. <p>With Bitcoin&#8217;s recent performance, many investors are anticipating that the cryptocurrency could reach a new high before its next halving. Currently, the Bitcoin price sits approximately 14% below its all-time high (ATH) of $69,000, reached in November 2021.</p>
  234.  
  235.  
  236.  
  237. <h3 class="wp-block-heading">Bitcoin ATH soon reached</h3>
  238.  
  239.  
  240.  
  241. <p>It is important to note that the next halving is planned in approximately 49 days, in April. Historically, this event has often led to a significant increase in the price of Bitcoin on the markets.</p>
  242.  
  243.  
  244.  
  245. <p>However, this increase may occur sooner than expected due to current market dynamics. In 2023, several industry players had already predicted that 2024 would be an explosive year for Bitcoin.</p>
  246.  
  247.  
  248.  
  249. <p>A report published by VanEck last December suggests that BTC could reach $80,000 in 2024, a prediction supported in particular by the adoption of exchange-traded funds (ETFs) based on Bitcoin as well as the anticipated effect of halving .</p>
  250.  
  251.  
  252.  
  253. <p>The next significant target is resistance at $61,000, marking a crucial milestone for the cryptocurrency&#8217;s upside.</p>
  254.  
  255.  
  256.  
  257. <h3 class="wp-block-heading">The next assets favored by investors</h3>
  258.  
  259.  
  260.  
  261. <p>Aside from Bitcoin, investors are also buying some more explosive alternatives so as not to miss the opportunity to grow their portfolios (FOMO).</p>
  262.  
  263.  
  264.  
  265. <ol>
  266. <li>Green Bitcoin (GBTC): an ecological alternative to Bitcoin currently on presale<br>Green Bitcoin is an initiative that parodies the original Bitcoin by offering a platform issued on the Ethereum blockchain and much more ecological. Indeed, the project is based on the proof-of-stake consensus and boasts of being 10,000 times more ecological than Bitcoin.</li>
  267. </ol>
  268.  
  269.  
  270.  
  271. <p>The concept of Green Bitcoin is based on Green Staking Gaming which consists of staking GBTC, the project&#8217;s native crypto, and predicting the movement of the price of Bitcoin on the markets in order to reap rewards.</p>
  272.  
  273.  
  274.  
  275. <p>Currently, GBTC is in the pre-sale phase and has already exceeded $1 million raised. During the event the GBTC token can be purchased, but also staked in order to benefit from an APY of 261%.</p>
  276.  
  277.  
  278.  
  279. <p>More than 2 million tokens are already part of the project&#8217;s staking pool. At the time of writing, the unit price of GBTC is around $0.498 . This price will be revised upwards in less than 4 days during the next stage of the presale.</p>
  280.  
  281.  
  282.  
  283. <ol start="2">
  284. <li>Solana (SOL): new records in sight?<br>After having had an encouraging year in 2023, Solana continues its positive momentum. Despite a slightly complicated month of February on the markets, the blockchain continues to expand and register more and more users.</li>
  285. </ol>
  286.  
  287.  
  288.  
  289. <p>The SOL token, for its part, has seen an increase of 16% on the markets over the last 30 days. At the time of writing, its price sits around $103, 55% below its ATH set in November 2021 at $260.</p>
  290.  
  291.  
  292.  
  293. <ol start="3">
  294. <li>Smog Token (SMOG): the next Bonk of the Solana blockchain<br>Smog Token is a memecoin issued on the Solana blockchain that parodies the dragon Smaug from the novel The Hobbit written by JJR Tolkien. The project was launched on February 7 and has seen an increase of around 10% over the last 30 days.</li>
  295. </ol>
  296.  
  297.  
  298.  
  299. <p>Although initially a memecoin of Solana, Smog can also be purchased on Ethereum. A staking offer is also available on the crypto with an APY of 42%. For now, SMOG has more than 30,000 holders and a market cap of around $60 million.</p>
  300.  
  301.  
  302.  
  303. <p>In addition, the project also launched an airdrop option in partnership with the Zealy platform to reward the first 10,000 participants . Simply connect to the official Smog website and go to the Airdrop tab to complete the various quests offered. Around 600,000 quests have already been made and more than 8,000 participants have already been registered.</p>
  304.  
  305.  
  306.  
  307. <ol start="4">
  308. <li>Worldcoin: Sam Altman’s nugget that surprises investors in 2024<br>Worldcoin is a project aimed at creating a universal digital identity through iris scanning, without requiring personal data or a traditional KYC process .</li>
  309. </ol>
  310.  
  311.  
  312.  
  313. <p>The project uses gadgets called Orbs to scan irises and uses the WLD token as native crypto, to facilitate transactions and interactions within its ecosystem.</p>
  314.  
  315.  
  316.  
  317. <p>Worldcoin was co-founded by Sam Altman , the CEO of Open AI, the company behind the development of the artificial intelligence tool Chat GPT. After its launch in 2023, Worldcoin received a lot of criticism, but already seems to be rising in investor esteem with the explosion of the AI ​​crypto narrative.</p>
  318.  
  319.  
  320.  
  321. <p>Over the past 30 days, WLD has gained more than 200% in the markets . A performance which can also be explained by the advent of Sora, a new tool developed by OpenAi which will allow videos to be generated from text.</p>
  322.  
  323.  
  324.  
  325. <ol start="5">
  326. <li>Sponge V2: the play-to-earn game currently performing on Polygon<br>Sponge V2 is the upgrade of the Sponge memecoin which exploded in May 2023 in the markets. Despite the bearish environment that prevailed during this period, Sponge managed to reach around $100 million in terms of market cap in less than a month.</li>
  327. </ol>
  328.  
  329.  
  330.  
  331. <p>Likewise, the crypto was listed on more than 10 major industry exchanges and was even held by a wallet supposedly owned by billionaire Justin Sun. Last December, Sponge decided to adopt a new utility by directing its ecosystem towards play-to-earn games with the Sponge V2.</p>
  332.  
  333.  
  334.  
  335. <p>This crypto, now issued on Polygon, has reached more than 50,000 holders and has seen an increase of around 51% over the last 30 days.</p>
  336.  
  337.  
  338.  
  339. <p><em>__</em></p>
  340.  
  341.  
  342.  
  343. <p><em>(Featured image by&nbsp;<a href="https://www.pexels.com/photo/bitcoins-and-u-s-dollar-bills-730547/" class="ek-link" target="_blank" rel="noopener">DavidMcBee</a> via&nbsp;<a href="https://www.pexels.com/license/" target="_blank" rel="noreferrer noopener">Pexels</a>)</em></p>
  344.  
  345.  
  346.  
  347. <p><em>DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our&nbsp;</em><a href="https://born2invest.com/disclaimer-policy/" target="_blank" rel="noreferrer noopener"><em>disclaimer</em></a><em>&nbsp;for more information.</em></p>
  348.  
  349.  
  350.  
  351. <p><em>This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these&nbsp;</em><a href="https://born2invest.com/disclaimer-policy/" target="_blank" rel="noreferrer noopener"><em>important disclosures</em></a><em>.</em></p>
  352.  
  353.  
  354.  
  355. <p><em>First published in&nbsp;<a href="https://actufinance.fr/actu/bitcoin-bientot-un-ath-a-70-000-dollars-les-investisseurs-fomo-aussi-ces-5-cryptos/" target="_blank" aria-label=" (opens in a new tab)" rel="noreferrer noopener" class="ek-link">ActuFINANCE</a>.&nbsp;A third-party contributor translated and adapted the articles from the originals. In case of discrepancy, the originals will prevail.</em></p>
  356.  
  357.  
  358.  
  359. <p><em>Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us</em></p>
  360. ]]></content:encoded>
  361. <imageurl>https://born2invest.com/wp-content/uploads/2024/02/pexels-david-mcbee-730547-740x490.jpg</imageurl><photo_credit>(Featured image by DavidMcBee via Pexels)</photo_credit><tags>bitcoin,bitcoin price,crypto investors,crypto market,featured</tags> </item>
  362. <item>
  363. <title>Vytrus Biotech Plans to Triple Sales and Reach 12 Million in 2027</title>
  364. <link>https://born2invest.com/articles/vytrus-biotech-triple-sales-2027/</link>
  365. <dc:creator><![CDATA[Eva Wesley]]></dc:creator>
  366. <pubDate>Thu, 29 Feb 2024 13:30:00 +0000</pubDate>
  367. <category><![CDATA[Biotech]]></category>
  368. <category><![CDATA[cosmetic industry]]></category>
  369. <category><![CDATA[featured]]></category>
  370. <category><![CDATA[plant stem cells]]></category>
  371. <category><![CDATA[Vytrus Biotech]]></category>
  372. <category><![CDATA[Vytrus Biotech sales]]></category>
  373. <guid isPermaLink="false">https://born2invest.com/?p=622578</guid>
  374.  
  375. <description><![CDATA[Vytrus Biotech projects that by 2027, 60% of its revenue will be derived from its current plant stem cell business, with the remaining 40% coming from new technologies and acquisitions. The company will focus on innovation, allocating at least one million euros annually to R&#038;D&#038;I. Europe remains a key market, with anticipated growth in the United States and Asia-Pacific.]]></description>
  376. <content:encoded><![CDATA[
  377. <p>Vytrus Biotech is aiming for very <a href="https://born2invest.com/articles/vytrus-biotech-increases-sales-ebitda/" target="_blank" aria-label=" (opens in a new tab)" rel="noreferrer noopener" class="ek-link">significant growth</a>. The company specialized in active ingredients derived from plant stem cells for the cosmetic industry plans to triple its sales and reach twelve million euros in turnover in 2027 , according to a statement from the biotechnology company.</p>
  378.  
  379.  
  380.  
  381. <p>Vytrus has recently published its Strategic Plan for the period 2024-2027. As a result of the strategy that will set the course of the company in the next four years, the biotechnology company plans to multiply its sales by three, “reaching twelve million euros,” and its EBITDA by four to “five million euros” at closing. of fiscal year 2027 .</p>
  382.  
  383.  
  384.  
  385. <p>The strategic plan for the coming years is based on two main pillars. On the one hand, Vytrus “will transform into a multi-technology company in the cosmetic active ingredients sector.” In order to accelerate growth and reach more customers, the company “ will incorporate new complementary technologies to plant stem cells with application in the dermocosmetic sector ,” the letter states.</p>
  386.  
  387.  
  388.  
  389. <p>The Vytrus Biotech team has been developing some of these technologies internally for years while simultaneously holding conversations with third parties to reach licensing and investment agreements that will allow the company to incorporate products based on innovative technologies already present in the cosmetic market into its portfolio.</p>
  390.  
  391.  
  392.  
  393. <p>Read more about Vytrus Biotech and find other important <a href="https://play.google.com/store/apps/details?id=com.borntoinvest.borntoinvest&amp;hl=en" target="_blank" aria-label=" (opens in a new tab)" rel="noreferrer noopener" class="ek-link">business news</a> of the day with the Born2Invest mobile app.</p>
  394.  
  395.  
  396.  
  397. <h3 class="wp-block-heading">Vytrus Biotech estimates that 60% of its revenue will come from the current business in 2027</h3>
  398.  
  399.  
  400.  
  401. <p>The company anticipates a mix of organic and inorganic growth. In 2027, Vytrus estimates that 60% of its revenue will come from the current plant stem cell business and the remaining 40% will come from new technologies incorporated and acquisitions made.</p>
  402.  
  403.  
  404.  
  405. <p>In this sense, Vytrus Biotech will maintain its commitment to innovation and estimates to allocate at least one million euros annually to Research, Development and Innovation (R&amp;D&amp;I), with the biotechnology company&#8217;s scientific team taking on the challenge of becoming a hub. of innovation where all the group&#8217;s technologies will converge.</p>
  406.  
  407.  
  408.  
  409. <p>In the commercial field, Vytrus Biotech foresees that Europe will continue to be its main bastion, although it expects higher growth rates in the United States and Asia-Pacific markets , especially in India and South Korea, where the company has achieved a &#8220;good positioning&#8221; in recent years.</p>
  410.  
  411.  
  412.  
  413. <p>The biotechnology company based in Terrassa (Barcelona) has thirteen years of experience in the cosmetic industry sector, where it maintains fourteen ingredients on the market . It has 70% of its production distributed around the world and a team of around forty people in its Egarense facilities.</p>
  414.  
  415.  
  416.  
  417. <p><em>__</em></p>
  418.  
  419.  
  420.  
  421. <p><em>(Featured image by <a href="https://unsplash.com/photos/woman-holding-laboratory-appratus-LiNIONbajm4" class="ek-link" target="_blank" rel="noopener">CDC</a> via <a href="https://unsplash.com/license" class="ek-link" target="_blank" rel="noopener">Unsplash</a>)</em></p>
  422.  
  423.  
  424.  
  425. <p><em>DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our&nbsp;</em><a href="https://born2invest.com/disclaimer-policy/" target="_blank" rel="noreferrer noopener"><em>disclaimer</em></a><em>&nbsp;for more information.</em></p>
  426.  
  427.  
  428.  
  429. <p><em>This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these&nbsp;</em><a href="https://born2invest.com/disclaimer-policy/" target="_blank" rel="noreferrer noopener"><em>important disclosures</em></a><em>.</em></p>
  430.  
  431.  
  432.  
  433. <p><em>First published in <a href="https://www.plantadoce.com/empresa/vytrus-biotech-preve-triplicar-sus-ventas-y-alcanzar-doce-millones-de-euros-en-2027" class="ek-link" target="_blank" rel="noopener">PlantaDoce</a>. A third-party contributor translated and adapted the articles from the originals. In case of discrepancy, the originals will prevail.</em></p>
  434.  
  435.  
  436.  
  437. <p><em>Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us</em></p>
  438. ]]></content:encoded>
  439. <imageurl>https://born2invest.com/wp-content/uploads/2024/02/cdc-LiNIONbajm4-unsplash-740x490.jpg</imageurl><photo_credit>(Featured image by CDC via Unsplash)</photo_credit><tags>cosmetic industry,featured,plant stem cells,Vytrus Biotech,Vytrus Biotech sales</tags> </item>
  440. <item>
  441. <title>Burkina Faso: The Social Responsibility of African Companies Debated at an International Forum</title>
  442. <link>https://born2invest.com/articles/social-responsibility-african-companies/</link>
  443. <dc:creator><![CDATA[Helene Lindbergh]]></dc:creator>
  444. <pubDate>Thu, 29 Feb 2024 12:30:00 +0000</pubDate>
  445. <category><![CDATA[Africa]]></category>
  446. <category><![CDATA[african companies]]></category>
  447. <category><![CDATA[Burkina Faso]]></category>
  448. <category><![CDATA[corporate social responsibility]]></category>
  449. <category><![CDATA[featured]]></category>
  450. <category><![CDATA[IFG Africa]]></category>
  451. <guid isPermaLink="false">https://born2invest.com/?p=622559</guid>
  452.  
  453. <description><![CDATA[Executive Education Africa (IFG) in partnership with the National Council of Burkinabè Employers (CNPB) is organizing, this Wednesday, February 28th, 2024, in Ouagadougou, a conference called: “CSR day”. This international forum aims to share experiences and good practices in Corporate Social Responsibility (CSR) and sustainability. ]]></description>
  454. <content:encoded><![CDATA[
  455. <p>In the context of Burkina Faso, Corporate Social Responsibility (CSR) is worth its weight in gold. As players in the <a href="https://born2invest.com/articles/economic-growth-2024-countries-afdb/" target="_blank" aria-label=" (opens in a new tab)" rel="noreferrer noopener" class="ek-link">African economic</a> fabric, companies have a responsibility towards shareholders, employees but also towards communities and the environment. </p>
  456.  
  457.  
  458.  
  459. <p>Read more about social responsibility of African companies and find the most important <a href="https://play.google.com/store/apps/details?id=com.borntoinvest.borntoinvest&amp;hl=en" target="_blank" aria-label=" (opens in a new tab)" rel="noreferrer noopener" class="ek-link">financial news</a> of the day with the Born2Invest mobile app.</p>
  460.  
  461.  
  462.  
  463. <h3 class="wp-block-heading">Social responsibility is very important for African companies</h3>
  464.  
  465.  
  466.  
  467. <p>CSR should not be seen as a constraint, nor as a fashionable concept in business, but rather as an opportunity to create a lasting positive impact. This is the firm conviction of the president of the National Council of Burkinabè Employers (CNPB), Idrissa Nassa.</p>
  468.  
  469.  
  470.  
  471. <p>Speaking at this conference, he declared that he understands the importance of structural transformation in his life as an entrepreneur. This, he suggested, requires a paradigm shift and a profound transformation of business models. “We must adopt a holistic approach, integrating economic, social and environmental dimensions into all our strategic decisions. We are committed to supporting and promoting CSR in business activities in Burkina Faso. Together, we can build a better future for Africa while contributing to the well-being of our employees, their communities and their environments,” he urged.</p>
  472.  
  473.  
  474.  
  475. <p>He praised the IFG initiative and the honor given to Burkina Faso employers to host the 2nd edition of Corporate Social Responsibility dedicated to sustainability. “I am particularly happy with the holding of this event in the current context of our country which is proof, if necessary, that there are still men and women who believe in Africa, in its potential and in its capacity for resilience, despite the prefabricated clichés,” he chanted.</p>
  476.  
  477.  
  478.  
  479. <h3 class="wp-block-heading">IFG fully committed</h3>
  480.  
  481.  
  482.  
  483. <p>Souhila Mager, president of IFG, maintained that her institution is proud to be able to contribute, on its modest scale, to the promotion of Corporate Social Responsibility. </p>
  484.  
  485.  
  486.  
  487. <p>For her, this event has particular importance. It marks the start of a tradition because this day will be an annual event for raising awareness and sharing knowledge. She revealed that the objective of this international forum is to share experiences and good practices in CSR and sustainability. “IFG is fully committed to promoting CSR because we believe in the power of collaboration and solidarity to voluntarily integrate social and environmental concerns into our activities,” said the president of IFG.</p>
  488.  
  489.  
  490.  
  491. <h3 class="wp-block-heading">IFG is willing to make its contribution to promoting Corporate Social Responsibility</h3>
  492.  
  493.  
  494.  
  495. <p>As a reminder, IFG Africa is a high-level training institution whose mission is to support all stakeholders to develop expertise in all areas of activity in Africa. </p>
  496.  
  497.  
  498.  
  499. <p>The opening of this conference was recorded, in addition to the president of the CNPB, the president of the National Confederation of Nigerien Employers (CNPN), Tahirou Assoumi.</p>
  500.  
  501.  
  502.  
  503. <p>__</p>
  504.  
  505.  
  506.  
  507. <p><em>(Featured image by <a href="https://pixabay.com/photos/business-background-blog-2651346/" class="ek-link" target="_blank" rel="noopener">AbsolutVision</a> via <a href="https://pixabay.com/service/license-summary/" class="ek-link" target="_blank" rel="noopener">Pixabay</a>)</em></p>
  508.  
  509.  
  510.  
  511. <p><em>DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our&nbsp;</em><a target="_blank" href="https://born2invest.com/disclaimer-policy/" rel="noreferrer noopener"><em>disclaimer</em></a><em>&nbsp;for more information.</em></p>
  512.  
  513.  
  514.  
  515. <p><em>This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these&nbsp;</em><a target="_blank" href="https://born2invest.com/disclaimer-policy/" rel="noreferrer noopener"><em>important disclosures</em></a><em>.</em></p>
  516.  
  517.  
  518.  
  519. <p><em>First published in <a href="https://lefaso.net/spip.php?article128319" target="_blank" aria-label=" (opens in a new tab)" rel="noreferrer noopener" class="ek-link">lefaso.net</a> A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.</em></p>
  520.  
  521.  
  522.  
  523. <p><em>Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us</em></p>
  524. ]]></content:encoded>
  525. <imageurl>https://born2invest.com/wp-content/uploads/2024/02/business-2651346_1280-740x490.jpg</imageurl><photo_credit>(Featured image by AbsolutVision via Pixabay)</photo_credit><tags>african companies,Burkina Faso,corporate social responsibility,featured,IFG Africa</tags> </item>
  526. <item>
  527. <title>The Ponte Piccolo is Restored Thanks to Crowdfunding</title>
  528. <link>https://born2invest.com/articles/ponte-piccolo-reborn-thanks-crowdfunding/</link>
  529. <dc:creator><![CDATA[J. Frank Sigerson]]></dc:creator>
  530. <pubDate>Wed, 28 Feb 2024 17:30:00 +0000</pubDate>
  531. <category><![CDATA[Crowdfunding]]></category>
  532. <category><![CDATA[crowdfunding]]></category>
  533. <category><![CDATA[featured]]></category>
  534. <category><![CDATA[Giudecca canal]]></category>
  535. <category><![CDATA[Ponte Piccolo]]></category>
  536. <category><![CDATA[Venice bridges]]></category>
  537. <guid isPermaLink="false">https://born2invest.com/?p=622541</guid>
  538.  
  539. <description><![CDATA[The financing of 250,000 euros was made possible thanks to a fundraising campaign via a solidarity toll-free number. During the restoration work, the two masonry steps, heavily eroded over time, were rebuilt and the metal structure that crosses the canal was restored. Construction of ramps is expected to begin shortly to allow access for disabled users.]]></description>
  540. <content:encoded><![CDATA[
  541. <p>The intense rains have unfortunately limited the opportunity for residents of the area to fully enjoy the new Ponte Piccolo, which opened only two days ago. </p>
  542.  
  543.  
  544.  
  545. <p>However, looking to the future, more peaceful times await in which Giudecchi will finally be able to fully appreciate this new structure that the high tide of 2019 had put in danger.</p>
  546.  
  547.  
  548.  
  549. <p>Read more about the restoration of Ponte Piccolo and find the latest <a aria-label=" (opens in a new tab)" href="https://play.google.com/store/apps/details?id=com.borntoinvest.borntoinvest&amp;hl=en" target="_blank" rel="noreferrer noopener" class="ek-link">financial news</a> from around the world with our companion app Born2Invest, available for free for both Android and iOS devices. Don&#8217;t waste your time scrolling the internet, our team of seasoned writers will do that for you, so you can stay on top of the market.</p>
  550.  
  551.  
  552.  
  553. <h3 class="wp-block-heading">The Ponte Piccolo and its rebirth</h3>
  554.  
  555.  
  556.  
  557. <p>The Ponte Piccolo, recently inaugurated, represents a fundamental point for pedestrian traffic along a stretch of the foundations of the Giudecca canal, connecting the Molino Stucky to the Redentore church. This restoration, carried out with the aim of returning the structure to &#8220;How it was and where it was,&#8221; also brought to light the magnificent La Fenice Theatre. The financing of 250,000 euros was made possible thanks to a fundraising campaign via a solidarity toll-free number.</p>
  558.  
  559.  
  560.  
  561. <p>During the restoration work, the two masonry steps, heavily eroded over time, were rebuilt and the metal structure that crosses the canal was restored. Construction of ramps is expected to begin shortly to allow access for disabled users.</p>
  562.  
  563.  
  564.  
  565. <figure class="wp-block-image size-full caption-align-center"><img fetchpriority="high" decoding="async" width="640" height="424" src="https://born2invest.com/wp-content/uploads/2024/02/ponte-dell-arsenale-883961_640.jpg" alt="Ponte Piccolino" class="wp-image-622551" srcset="https://born2invest.com/wp-content/uploads/2024/02/ponte-dell-arsenale-883961_640.jpg 640w, https://born2invest.com/wp-content/uploads/2024/02/ponte-dell-arsenale-883961_640-300x199.jpg 300w, https://born2invest.com/wp-content/uploads/2024/02/ponte-dell-arsenale-883961_640-100x66.jpg 100w" sizes="(max-width: 640px) 100vw, 640px" /><figcaption class="wp-element-caption"><em>The Ponte Piccolo, recently inaugurated, represents a fundamental point for pedestrian traffic along a stretch of the foundations of the Giudecca canal. <a href="https://pixabay.com/photos/ponte-dell-arsenale-footbridge-883961/" target="_blank" label=" (opens in a new tab)" rel="noreferrer noopener" class="ek-link broken_link">Source</a></em></figcaption></figure>
  566.  
  567.  
  568.  
  569. <h3 class="wp-block-heading">New ramps for the Giudecca bridges</h3>
  570.  
  571.  
  572.  
  573. <p>Furthermore, starting tomorrow we will proceed with the removal of the existing ramps on the Arsenale Bridge to replace them with new, more functional and design ramps. This intervention is not scheduled until April 19th, barring unforeseen events, and will make the Arsenale bridge similar to structures already present along the Riva degli Schiavoni, such as the Vin, della Pietà, San Sepolcro and Ca di Dio bridges.</p>
  574.  
  575.  
  576.  
  577. <p>In this way, the aim is not only to restore the functionality of the bridges, such as the Ponte Piccolo bridge, but also to make them more aesthetically pleasing and accessible to all, in line with the objective of eliminating architectural barriers along the Giudecca canal.</p>
  578.  
  579.  
  580.  
  581. <p>__</p>
  582.  
  583.  
  584.  
  585. <p><em>(Featured image by <a href="https://pixabay.com/photos/venice-channel-italy-side-canal-411966/" class="ek-link broken_link" target="_blank" rel="noopener">travelspot</a> via <a href="https://pixabay.com/service/license-summary/" class="ek-link" target="_blank" rel="noopener">Pixabay</a>)</em></p>
  586.  
  587.  
  588.  
  589. <p><em>DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our&nbsp;</em><a target="_blank" href="https://born2invest.com/disclaimer-policy/" rel="noreferrer noopener"><em>disclaimer</em></a><em>&nbsp;for more information.</em></p>
  590.  
  591.  
  592.  
  593. <p><em>This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these&nbsp;</em><a target="_blank" href="https://born2invest.com/disclaimer-policy/" rel="noreferrer noopener"><em>important disclosures</em></a><em>.</em></p>
  594.  
  595.  
  596.  
  597. <p><em>First published in <a href="https://www.veneziaradiotv.it/blog/il-ponte-piccolo-rinasce-grazie-al-crowdfunding/" class="ek-link" target="_blank" rel="noopener">Tele Venezia</a></em>.<em> A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.</em></p>
  598.  
  599.  
  600.  
  601. <p><em>Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us</em></p>
  602. ]]></content:encoded>
  603. <imageurl>https://born2invest.com/wp-content/uploads/2024/02/venice-411966_1280-740x490.jpg</imageurl><photo_credit>(Featured image by travelspot via Pixabay)</photo_credit><tags>crowdfunding,featured,Giudecca canal,Ponte Piccolo,Venice bridges</tags> </item>
  604. <item>
  605. <title>Stellantis Partners with Ayvens to Supply 500,000 Electric Cars</title>
  606. <link>https://born2invest.com/articles/stellantis-ayvens-500000-electric-cars/</link>
  607. <dc:creator><![CDATA[Jeremy Whannell]]></dc:creator>
  608. <pubDate>Wed, 28 Feb 2024 16:30:00 +0000</pubDate>
  609. <category><![CDATA[Impact Investing]]></category>
  610. <category><![CDATA[Ayvens]]></category>
  611. <category><![CDATA[electric cars]]></category>
  612. <category><![CDATA[featured]]></category>
  613. <category><![CDATA[long-term car rental]]></category>
  614. <category><![CDATA[Stellantis]]></category>
  615. <guid isPermaLink="false">https://born2invest.com/?p=622525</guid>
  616.  
  617. <description><![CDATA[Stellantis has signed an agreement to sell half a million electric cars to Ayvens, a long-term car rental company, over the next three years. The economic size of the contract was not disclosed. The deal highlights Stellantis' focus on the future and electric vehicles, aligning with its Dare Forward 2030 strategic plan to achieve 100% sales mix of battery electric passenger cars in Europe by 2030.]]></description>
  618. <content:encoded><![CDATA[
  619. <p>Stellantis has signed an agreement for the sale of half a million <a href="https://born2invest.com/articles/fiat-600e-topolino-stellantis/" target="_blank" aria-label=" (opens in a new tab)" rel="noreferrer noopener" class="ek-link">electric cars</a> to Ayvens, a company active in long-term car rental, over the next three years. </p>
  620.  
  621.  
  622.  
  623. <p>The news, on which no figures were reported on the economic size of the contract, allows us to return to talking about the future of the Italian-French group , which according to the company&#8217;s plans seems intent on putting production in Italy into the background. In recent weeks, Stellantis has in fact announced layoffs for 2 thousand employees at the Mirafiori plant.</p>
  624.  
  625.  
  626.  
  627. <p>If you want to read more about Stellantis and its agreement with Ayvens to supply the company with 500,000 electric cars, and to be the first to find the most important <a aria-label=" (opens in a new tab)" href="https://play.google.com/store/apps/details?id=com.borntoinvest.borntoinvest&amp;hl=en" target="_blank" rel="noreferrer noopener" class="ek-link">financial news</a> of the day, download for free our companion app Born2Invest, available for free for both Android and iOS devices.</p>
  628.  
  629.  
  630.  
  631. <h3 class="wp-block-heading">What are Stellantis&#8217; electric plans?</h3>
  632.  
  633.  
  634.  
  635. <p>In 2023, the group recorded a net profit of 18.6 billion euros (+11%). The latest rumors regarding the future of Mirafiori refer to a project to produce in Turin the electric vehicles of the Chinese startup Leapmotor, of which the automotive group controls a share.</p>
  636.  
  637.  
  638.  
  639. <p>As part of the Dare Forward 2030 strategic plan , Stellantis announced the goal of achieving 100% of the sales mix of battery electric passenger cars in Europe and 50% of the sales mix of BEV passenger cars and light commercial vehicles in the United States by 2030.</p>
  640.  
  641.  
  642.  
  643. <h3 class="wp-block-heading">What Stellantis does with autonomous driving</h3>
  644.  
  645.  
  646.  
  647. <p>In recent days there has also been talk of Stellantis also because CEO Carlos Tavares reported in an interview with TechCrunch that the company is still collaborating with Waymo, a subsidiary of the Alphabet group, to christen its first self-driving vans .</p>
  648.  
  649.  
  650.  
  651. <p>Since the Cruise scaleup (acquired years ago by General Motors ) is still in the midst of a crisis after the withdrawal of its vehicle license in San Francisco in 2023, Waymo is one of the players that is apparently trying to gain ground on its competitors. According to Tavares, the partnership with this company is continuing, although we still see little concrete on the road.</p>
  652.  
  653.  
  654.  
  655. <p>__</p>
  656.  
  657.  
  658.  
  659. <p><em>(Featured image by <a href="https://unsplash.com/photos/black-sedan-on-road-during-daytime-2--Gg0gpWIA" class="ek-link" target="_blank" rel="noopener">Bob Osias</a> via <a href="https://unsplash.com/license" target="_blank" rel="noreferrer noopener">Unsplash</a>)</em></p>
  660.  
  661.  
  662.  
  663. <p><em>DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our&nbsp;</em><a target="_blank" href="https://born2invest.com/disclaimer-policy/" rel="noreferrer noopener"><em>disclaimer</em></a><em>&nbsp;for more information.</em></p>
  664.  
  665.  
  666.  
  667. <p><em>This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these&nbsp;</em><a target="_blank" href="https://born2invest.com/disclaimer-policy/" rel="noreferrer noopener"><em>important disclosures</em></a><em>.</em></p>
  668.  
  669.  
  670.  
  671. <p><em>First published in <a href="https://startupitalia.eu/impact/stellantis-ayvens-accordo/" class="ek-link" target="_blank" rel="noopener">StartupItalia</a>. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.</em></p>
  672.  
  673.  
  674.  
  675. <p><em>Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us</em></p>
  676. ]]></content:encoded>
  677. <imageurl>https://born2invest.com/wp-content/uploads/2024/02/bob-osias-2-Gg0gpWIA-unsplash-740x490.jpg</imageurl><photo_credit>(Featured image by Bob Osias via Unsplash)</photo_credit><tags>Ayvens,electric cars,featured,long-term car rental,Stellantis</tags> </item>
  678. <item>
  679. <title>CNBV Authorizes the First Fintech Companies in 2024</title>
  680. <link>https://born2invest.com/articles/cnbv-authorizes-fintech-companies-2024/</link>
  681. <dc:creator><![CDATA[Sharon Harris]]></dc:creator>
  682. <pubDate>Wed, 28 Feb 2024 15:30:00 +0000</pubDate>
  683. <category><![CDATA[Fintech]]></category>
  684. <category><![CDATA[CNBV]]></category>
  685. <category><![CDATA[Electronic Payment Fund Institution]]></category>
  686. <category><![CDATA[featured]]></category>
  687. <category><![CDATA[Mexican fintech company]]></category>
  688. <category><![CDATA[Pago Confiado]]></category>
  689. <guid isPermaLink="false">https://born2invest.com/?p=622500</guid>
  690.  
  691. <description><![CDATA[The CNBV authorizes Pago Confiado, based in Guanajuato, as the first Financial Technology Institution (IFPE) in 2024, bringing the total authorized fintech firms in Mexico to 76 under the Fintech Law. Pago Confiado, registered since September 2022, focuses on providing financial services to Mexican migrants in the United States and their families in Mexico.]]></description>
  692. <content:encoded><![CDATA[
  693. <p>The National Banking and Securities Commission (CNBV) published the official letter for the authorization of an Electronic Payment Fund Institution (IFPE), it is the first <a href="https://born2invest.com/articles/kamipay-charge-reals-digital-dollars/" target="_blank" aria-label=" (opens in a new tab)" rel="noreferrer noopener" class="ek-link">Financial Technology Institution</a> of 2024 to obtain the endorsement and whose official letter was published this Tuesday in the Official Gazette of the Federation (DOF).</p>
  694.  
  695.  
  696.  
  697. <p>Read more about the authorization given to companies by the CNBV in Mexico, and find the latest <a href="https://play.google.com/store/apps/details?id=com.borntoinvest.borntoinvest&amp;hl=en" target="_blank" aria-label=" (opens in a new tab)" rel="noreferrer noopener" class="ek-link">business news</a> of the day with our companion app Born2Invest.</p>
  698.  
  699.  
  700.  
  701. <h3 class="wp-block-heading">CNBV authorized Pago Confiado to operate as a fintech company in Mexico</h3>
  702.  
  703.  
  704.  
  705. <p>This is Pago Confiado, a firm based in Guanajuato that joins a universe that amounts to 76 firms that are already authorized under the terms of the Law to Regulate Financial Technology Institutions, also known as the Fintech Law.</p>
  706.  
  707.  
  708.  
  709. <p>“The members of the Interinstitutional Committee, in accordance with Articles 11 and 35 of the Law to Regulate Financial Technology Institutions, unanimously agreed to grant authorization for the organization and operation of an Electronic Payment Fund Institution to be called Pago Confident”, can be read in the letter.</p>
  710.  
  711.  
  712.  
  713. <p>Pago Confiado is an entity registered in the Public Registry of Commerce since September 2022, its main shareholders include Deirdre García Cienfuegos and the company Fiado, which is part of a conglomerate of the same name that offers financial services to both Mexican migrants in the United States and their families in Mexico.</p>
  714.  
  715.  
  716.  
  717. <p>On the other hand, in the Catalog of the Financial System, the Lendera Collective Financing Institution (IFC) is already listed, although its office has not yet been published in the DOF, its status in the catalog is authorized, that is, it has not yet started activities. </p>
  718.  
  719.  
  720.  
  721. <h3 class="wp-block-heading">54 institutions are already authorized by the CNBV </h3>
  722.  
  723.  
  724.  
  725. <p>Director of business and personal banking at Hey Banco to continue growing and developing products and services, according to information published on its website. If Lendera&#8217;s authorization is published in the coming days, the regulated universe would amount to 77 Financial Technology Institutions, with 52 IFPEs and 24 IFCs.</p>
  726.  
  727.  
  728.  
  729. <p>The average time for the process to be regulated, from the request to the publication of the official letter in the DOF, is 796 days.</p>
  730.  
  731.  
  732.  
  733. <p>__</p>
  734.  
  735.  
  736.  
  737. <p><em>(Featured image by <a href="https://unsplash.com/photos/woman-holding-android-smartphone-0IVop5v4MMU" class="ek-link" target="_blank" rel="noopener">Jonas Leupe</a> via <a href="https://unsplash.com/license" class="ek-link" target="_blank" rel="noopener">Unsplash</a>)</em></p>
  738.  
  739.  
  740.  
  741. <p><em>DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our&nbsp;</em><a target="_blank" href="https://born2invest.com/disclaimer-policy/" rel="noreferrer noopener"><em>disclaimer</em></a><em>&nbsp;for more information.</em></p>
  742.  
  743.  
  744.  
  745. <p><em>This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these&nbsp;</em><a target="_blank" href="https://born2invest.com/disclaimer-policy/" rel="noreferrer noopener"><em>important disclosures</em></a><em>.</em></p>
  746.  
  747.  
  748.  
  749. <p><em>First published in <a href="https://www.eleconomista.com.mx/sectorfinanciero/CNBV-autoriza-a-las-primeras-fintech-del-2024-20240227-0096.html" target="_blank" aria-label=" (opens in a new tab)" rel="noreferrer noopener" class="ek-link">EL ECONOMISTA</a></em>.<em> A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.</em></p>
  750.  
  751.  
  752.  
  753. <p><em>Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us</em></p>
  754. ]]></content:encoded>
  755. <imageurl>https://born2invest.com/wp-content/uploads/2024/02/jonas-leupe-0IVop5v4MMU-unsplash-740x490.jpg</imageurl><photo_credit>(Featured image by Jonas Leupe via Unsplash)</photo_credit><tags>CNBV,Electronic Payment Fund Institution,featured,Mexican fintech company,Pago Confiado</tags> </item>
  756. <item>
  757. <title>The CNMV Warns of the Risk of Crypto Assets Despite Its Regulation</title>
  758. <link>https://born2invest.com/articles/cnmv-warns-risk-crypto-assets-regulation/</link>
  759. <dc:creator><![CDATA[Valerie Harrison]]></dc:creator>
  760. <pubDate>Wed, 28 Feb 2024 14:30:00 +0000</pubDate>
  761. <category><![CDATA[Crypto]]></category>
  762. <category><![CDATA[CNMV]]></category>
  763. <category><![CDATA[crypto assets]]></category>
  764. <category><![CDATA[European regulation]]></category>
  765. <category><![CDATA[featured]]></category>
  766. <category><![CDATA[MiCA regulation]]></category>
  767. <guid isPermaLink="false">https://born2invest.com/?p=622481</guid>
  768.  
  769. <description><![CDATA[The CNMV plans specific and intensive training in 2024 on cryptoassets and MiCA Regulation for its technicians responsible for supervision. This includes internal programs and working groups. The CNMV aims to protect retail investors, incorporate sustainable finance, and exercise new supervisory powers derived from cryptoasset and cybersecurity regulations. ]]></description>
  770. <content:encoded><![CDATA[
  771. <p>The issuance of <a href="https://born2invest.com/articles/brussels-legislative-proposal-crypto-assets/" target="_blank" aria-label=" (opens in a new tab)" rel="noreferrer noopener" class="ek-link">crypto assets</a> will begin to be regulated in December 2024 with the entry into application of the MiCA Regulation. With this European regulation, entities that offer services related to these products will also be regulated. </p>
  772.  
  773.  
  774.  
  775. <p>This standard will require the establishment of a new supervisory framework for these products, which must be applied with a homogeneous supervisory approach at the European level. Despite this regulation, the National Securities Market Commission (CNMV) warns of the risks of investing in these assets.</p>
  776.  
  777.  
  778.  
  779. <p>Read more about the CNMV regulation on the crypto assets and find the latest <a href="https://play.google.com/store/apps/details?id=com.borntoinvest.borntoinvest&amp;hl=en" target="_blank" aria-label=" (opens in a new tab)" rel="noreferrer noopener" class="ek-link">business news</a> of the day with the Born2Invest mobile app.</p>
  780.  
  781.  
  782.  
  783. <h3 class="wp-block-heading">The CNMV customer service telephone service remains unawarded due to lack of offers</h3>
  784.  
  785.  
  786.  
  787. <p>The supervisor warns that, although it is a regulated investment, the risks still exist and above all he sends this message to retail investors, since when MiCA comes into operation, many well-known entities can market this product to their clients. For this reason, Rodrigo Buenaventura, president of the CNMV, explained that one of the institution&#8217;s objectives in 2024 will be the training of the team and retail investors.</p>
  788.  
  789.  
  790.  
  791. <p>For the CNMV, MiCA is complex due to its technological components and is based on new business models and financial proposals that evolve rapidly. During 2023, general training was offered to all CNMV technicians, so in 2024 specific and intensive training on cryptoassets and the MiCA Regulation will be carried out for the technicians who will be responsible for supervising the different areas of this regulation. </p>
  792.  
  793.  
  794.  
  795. <p>To this end, a specific and long-term internal program will be organized in order to delve deeper into these matters for the future supervision of cryptoasset markets and service providers (CASP) by the CNMV.</p>
  796.  
  797.  
  798.  
  799. <p>In parallel, working groups will be organized with the sector to achieve practical training aimed at the application of the MiCA Regulation, which will allow the CNMV to know in detail the operation of the CASP , along with the issuance processes of cryptoassets and the different business models.</p>
  800.  
  801.  
  802.  
  803. <p>&#8220;Protection of the retail investor, focused on ensuring that the marketing of products clearly warns of the associated risks, the correct incorporation of sustainable finance into the financial sector and the new supervisory powers derived from the regulations on cryptoassets and on cybersecurity,&#8221; Buenaventura explained in the presentation of the CNMV&#8217;s 2024 Activity Plan. The institution assures that the regulation of these assets will increase interest in them , so we will have to be more vigilant.</p>
  804.  
  805.  
  806.  
  807. <p>The CNMV activity plan published this Tuesday explains that in the field of cryptoassets, the risks come, among other issues, from the very nature of these assets and their possible use in illicit activities in a non-existent regulatory framework or in development. At the same time, its presence in investors&#8217; portfolios and the growing interest on the part of providers in its offer and services is undeniable (the BME Clearing market infrastructure itself was authorized last year to expand its clearing services and include in its offering futures on indices linked to bitcoin and Ethereum).</p>
  808.  
  809.  
  810.  
  811. <p>At this time, in addition to monitoring possible risks to the financial stability of these assets, the sector is at a key regulatory moment in Europe, that of the implementation phase of the MiCA Regulation. In this case, it is essential that all market participants and the authorities themselves prepare appropriately in this period prior to the full application of the regulation.</p>
  812.  
  813.  
  814.  
  815. <p>The president added that the regulation enters at the end of this year, but the objective of the CNMV is to anticipate and carry out a series of activities to &#8220;try to grease the process as much as possible. &#8220;In addition, he pointed out that the goal is to soften the processes of approaching regulated entities to see the demand of those that want to be regulated to issue and &#8220;prepare ourselves for this.&#8221;</p>
  816.  
  817.  
  818.  
  819. <p>This new regulation (the MiCA regulation) involves several actions, among which the preparation for the supervision of market abuse in the negotiation of cryptoassets subject to the regulation stands out; management for the receipt of documentation for emissions; or interaction with the sector to anticipate interest in the provision of cryptoasset services.</p>
  820.  
  821.  
  822.  
  823. <p>Likewise , the CNMV pointed out that attention must be intensified to risks that arise outside the supervisor&#8217;s powers, such as in the provision of cross-border services or services intentionally designed to evade supervision, which will require collaboration with other supervisors. While the complete regulatory framework is built, the CNMV will maintain its policy of issuing warnings and alerts about the risks of these products and controlling their advertising, which will continue to be unregulated or supervised in 2024.</p>
  824.  
  825.  
  826.  
  827. <p>While the MiCA regulation arrives, the price of bitcoin is around $57,000 (52,458 euros) for the first time since the end of 2021 after being supported by investor demand through exchange-traded spot bitcoin ETF funds, as well as by MicroStrategy&#8217;s purchases of 3,000 bitcoin for 155 million dollars (142.72 million euros). Bitcoin has improved its value by 33.9% since the beginning of 2023, recovering from a collapse of 64% in 2022, although it is still below the historical maximum of almost 69,000 dollars (63,535 euros) reached in November 2021.</p>
  828.  
  829.  
  830.  
  831. <p><em>__</em></p>
  832.  
  833.  
  834.  
  835. <p><em>(Featured image by <a href="https://www.pexels.com/photo/coins-on-top-of-a-laptop-6770774/" class="ek-link broken_link" target="_blank" rel="noopener">Alesia Kozik</a> via <a href="https://www.pexels.com/license/" target="_blank" rel="noreferrer noopener">Pexels</a>)</em></p>
  836.  
  837.  
  838.  
  839. <p><em>DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our&nbsp;</em><a href="https://born2invest.com/disclaimer-policy/" target="_blank" rel="noreferrer noopener"><em>disclaimer</em></a><em>&nbsp;for more information.</em></p>
  840.  
  841.  
  842.  
  843. <p><em>This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these&nbsp;</em><a href="https://born2invest.com/disclaimer-policy/" target="_blank" rel="noreferrer noopener"><em>important disclosures</em></a><em>.</em></p>
  844.  
  845.  
  846.  
  847. <p><em>First published in <a href="https://www.elindependiente.com/economia/2024/02/28/cnmv-riesgos-criptoactivos-regulacion/" class="ek-link" target="_blank" rel="noopener">EL INDEPENDIENTE</a>. A third-party contributor translated and adapted the articles from the originals. In case of discrepancy, the originals will prevail.</em></p>
  848.  
  849.  
  850.  
  851. <p><em>Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us</em></p>
  852. ]]></content:encoded>
  853. <imageurl>https://born2invest.com/wp-content/uploads/2024/02/pexels-alesia-kozik-6770774-740x490.jpg</imageurl><photo_credit>(Featured image by Alesia Kozik via Pexels)</photo_credit><tags>CNMV,crypto assets,European regulation,featured,MiCA regulation</tags> </item>
  854. <item>
  855. <title>The Czech Economic Council Calls for the Creation of a Legal Cannabis Market</title>
  856. <link>https://born2invest.com/articles/nerv-czech-council-legal-cannabis-market/</link>
  857. <dc:creator><![CDATA[Arturo Garcia]]></dc:creator>
  858. <pubDate>Wed, 28 Feb 2024 13:30:00 +0000</pubDate>
  859. <category><![CDATA[Cannabis]]></category>
  860. <category><![CDATA[Czech Republic]]></category>
  861. <category><![CDATA[Czech Republic cannabis legalization]]></category>
  862. <category><![CDATA[featured]]></category>
  863. <category><![CDATA[NERV]]></category>
  864. <category><![CDATA[regulated cannabis market]]></category>
  865. <guid isPermaLink="false">https://born2invest.com/?p=622463</guid>
  866.  
  867. <description><![CDATA[NERV's recommendation is an important step towards changing the approach to cannabis in the Czech Republic. The introduction of a legal market can bring significant economic and social benefits but requires careful planning and implementation. The final shape of the regulations and their impact on Czech society remain open and will depend on the outcome of ongoing negotiations and future political decisions.]]></description>
  868. <content:encoded><![CDATA[
  869. <p>The National Economic Council of the Czech Republic (NERV) has issued a recommendation to the government that may significantly contribute to changing the economic and social landscape. </p>
  870.  
  871.  
  872.  
  873. <p>The council, which serves as an independent advisory body, highlighted the need to create a <a aria-label=" (opens in a new tab)" href="https://born2invest.com/articles/medical-cannabis-sector-spain-suffers/" target="_blank" rel="noreferrer noopener" class="ek-link">regulated cannabis market</a> as one of the key steps to stimulate economic growth in the Czech Republic . This proposal is among 37 recommendations that NERV presented with the hope of revitalizing the Czech economy.</p>
  874.  
  875.  
  876.  
  877. <p>Read more about NERV and the creation of a legal cannabis market in the Czech Republic and find the latest <a aria-label=" (opens in a new tab)" href="https://play.google.com/store/apps/details?id=im.hemp" target="_blank" rel="noreferrer noopener" class="ek-link">cannabis news</a> of the day with the Hemp.im mobile app.</p>
  878.  
  879.  
  880.  
  881. <h3 class="wp-block-heading">NERV&#8217;s position on the legalization of cannabis </h3>
  882.  
  883.  
  884.  
  885. <p>NERV argues that current law and criminal rules regarding the possession and use of cannabis need to be updated. The council&#8217;s recommendation clearly states the need to introduce a &#8221; legal and regulated cannabis market.&#8221;</p>
  886.  
  887.  
  888.  
  889. <p>Such a step would not only reduce crime related to the illegal trade in cannabis, but also open new economic opportunities, including increasing revenues to the state budget from taxation.</p>
  890.  
  891.  
  892.  
  893. <h3 class="wp-block-heading">Expectations vs. reality: draft legalization bill</h3>
  894.  
  895.  
  896.  
  897. <p>In January, there were expectations that the Czech government would present a bill that would introduce a regulated cannabis market. However, the presented bill did not include provisions on the retail sale of cannabis, which experts and supporters of legalization had previously hoped for. </p>
  898.  
  899.  
  900.  
  901. <p>Instead, the focus was on legalizing the possession of cannabis for personal use, growing hemp at home and creating the so-called Cannabis Social Clubs, which is an approach similar to that taken in Germany and Malta.</p>
  902.  
  903.  
  904.  
  905. <figure class="wp-block-image size-full caption-align-center"><img decoding="async" width="640" height="427" src="https://born2invest.com/wp-content/uploads/2024/02/pexels-yash-lucid-1466335.jpg" alt="NERV" class="wp-image-622478" srcset="https://born2invest.com/wp-content/uploads/2024/02/pexels-yash-lucid-1466335.jpg 640w, https://born2invest.com/wp-content/uploads/2024/02/pexels-yash-lucid-1466335-300x200.jpg 300w, https://born2invest.com/wp-content/uploads/2024/02/pexels-yash-lucid-1466335-100x67.jpg 100w, https://born2invest.com/wp-content/uploads/2024/02/pexels-yash-lucid-1466335-272x182.jpg 272w" sizes="(max-width: 640px) 100vw, 640px" /><figcaption class="wp-element-caption"><em>NERV argues that current law and criminal rules regarding the possession and use of cannabis need to be updated. <a aria-label=" (opens in a new tab)" href="https://www.pexels.com/photo/close-up-photo-of-kush-on-glass-container-1466335/" target="_blank" rel="noreferrer noopener" class="ek-link">Source</a></em></figcaption></figure>
  906.  
  907.  
  908.  
  909. <h3 class="wp-block-heading">Legislative process</h3>
  910.  
  911.  
  912.  
  913. <p>The Czech coalition government, consisting of five political parties representing a broad spectrum from liberalism to conservatism, is currently negotiating the details of the draft law. Work on the act has been ongoing since November last year, but its publication date has not yet been set.</p>
  914.  
  915.  
  916.  
  917. <p>The upcoming parliamentary elections in the Czech Republic, scheduled for October 2025, may affect the pace of work on the act. It can be assumed that the project will be presented to Parliament in 2024, which gives hope that changes to cannabis regulations will be introduced in the coming years.</p>
  918.  
  919.  
  920.  
  921. <h3 class="wp-block-heading">Impact on the economy and society </h3>
  922.  
  923.  
  924.  
  925. <p>The introduction of a regulated cannabis market could bring a number of benefits to society and the economy. First, legalization and regulation of sales could significantly reduce the activities of illicit drug distribution networks, which in turn would contribute to reducing crime.</p>
  926.  
  927.  
  928.  
  929. <p>Secondly, the new market would open the way for entrepreneurs and create new jobs, from breeding to retail. Additionally, revenues from taxing cannabis sales could significantly contribute to the state budget by supporting the financing of key public sectors.</p>
  930.  
  931.  
  932.  
  933. <h3 class="wp-block-heading">Challenges and prospect</h3>
  934.  
  935.  
  936.  
  937. <p>Despite the clear benefits, introducing a legal cannabis market poses many challenges. It will be necessary to create comprehensive regulations governing the cultivation, distribution, sale and consumption of cannabis to ensure the safety and protection of consumers. In addition, the government will have to address issues related to public education and public health to minimize the potential negative effects of legalization.</p>
  938.  
  939.  
  940.  
  941. <p>NERV&#8217;s recommendation is an important step towards changing the approach to cannabis in the Czech Republic. The introduction of a legal market can bring significant economic and social benefits, but requires careful planning and implementation. The final shape of the regulations and their impact on Czech society remain open and will depend on the outcome of ongoing negotiations and future political decisions.</p>
  942.  
  943.  
  944.  
  945. <p><em>__</em></p>
  946.  
  947.  
  948.  
  949. <p><em>(Featured image by <a href="https://pixabay.com/photos/brown-marijuana-pot-stash-weed-20804/" target="_blank" aria-label=" (opens in a new tab)" rel="noreferrer noopener" class="ek-link">PublicDomainPictures</a> via <a href="https://pixabay.com/service/license-summary/" target="_blank" rel="noreferrer noopener">Pixabay</a>)</em></p>
  950.  
  951.  
  952.  
  953. <p><em>DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our&nbsp;</em><a href="https://born2invest.com/disclaimer-policy/" target="_blank" rel="noreferrer noopener"><em>disclaimer</em></a><em>&nbsp;for more information.</em></p>
  954.  
  955.  
  956.  
  957. <p><em>This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these&nbsp;</em><a href="https://born2invest.com/disclaimer-policy/" target="_blank" rel="noreferrer noopener"><em>important disclosures</em></a><em>.</em></p>
  958.  
  959.  
  960.  
  961. <p><em>First published in <a href="https://faktykonopne.pl/rada-gospodarcza-czech-wzywa-do-stworzenia-legalnego-rynku-konopi-indyjskich/" target="_blank" aria-label=" (opens in a new tab)" rel="noreferrer noopener" class="ek-link">FaktyKonopne</a>. A third-party contributor translated and adapted the articles from the originals. In case of discrepancy, the originals will prevail.</em></p>
  962.  
  963.  
  964.  
  965. <p><em>Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us</em></p>
  966. ]]></content:encoded>
  967. <imageurl>https://born2invest.com/wp-content/uploads/2024/02/brown-20804_1280-740x490.jpg</imageurl><photo_credit>(Featured image by PublicDomainPictures via Pixabay)</photo_credit><tags>Czech Republic,Czech Republic cannabis legalization,featured,NERV,regulated cannabis market</tags> </item>
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