Sushi Expands DeFi Project to Integrate with Aptos Blockchain

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Sushi is expanding its decentralized financial project to integrate with the Aptos blockchain, a significant move as it’s the first time the project is collaborating with a blockchain that doesn’t inherently support the Ethereum Virtual Machine (EVM). The addition of Sushi’s version 2 automated market maker (AMM) to the Aptos network is a step forward in achieving Sushi’s objectives of establishing a strong presence across different blockchains. Aptos, backed by the investment firm Andreessen Horowitz, operates as a Layer 1 blockchain, providing developers with the ability to create decentralized applications using the Move programming language.

Crypto Market update

Based on the International Monetary Fund (IMF) and Financial Stability Board  (FSB)’s joint proposals, India is building a crypto regulatory framework that might result in legislative legislation over the next 5-6 months. The five-point framework focuses on global crypto tax collaboration, advanced Know Your Customer (KYC) for crypto companies, proof-of-reserve audits for crypto platforms, uniform taxation policies across nations, and the establishment of authorized dealers for crypto exchanges under the Reserve Bank of India (RBI). The Indian government has asked for a worldwide approach to cryptocurrency legislation, which Prime Minister Narendra Modi emphasized during the G20 conference. The Finance Ministry has accepted the IMF-FSB crypto suggestions and intends to write legislation in a few months. While India does not yet have particular crypto rules, the joint crypto proposals and the Finance Ministry’s guarantee that a crypto framework might develop into serious legislation.

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