Universal Basic Income (UBI) is a concept where every individual receives a regular, unconditional sum of money from the government or other authority, intended to cover basic living expenses. In the realm of cryptocurrencies, UBI can be implemented using blockchain technology to distribute funds efficiently. This method ensures transparency and security in transactions, reducing the possibility of fraud. Some projects are exploring UBI by distributing tokens or coins as payments. This approach can empower individuals, especially those in underserved communities, by offering financial stability. By leveraging smart contracts, these programs can automate distributions, ensuring that payments are made regularly and reliably. This can create a more inclusive economy, allowing people to access resources without the stigma often associated with traditional welfare systems. Ultimately, UBI in cryptocurrency aims to foster economic equality and provide a safety net, adapting to a rapidly changing job market influenced by automation and other factors.

UK’s FCA to Allow Retail Investors Limited Access to Crypto ETNs
The UK’s Financial Conduct Authority (FCA) will permit retail investors to access certain crypto asset-backed exchange-traded notes (cETNs) for the