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Elrond Network acquires Twispay and the approval to issue electronic money. Romanian National Bank has authorized Elsond Network's purchase of Capital Financial Services S.A., which operates under the Twisay name. Elronds Network is a scalability-focused layer 1 blockchain, a layer 1. The move comes as the EU Parliament considers limiting energy-intensive Proof of Work blockchain networks due to their negative effect on the environment. The network's "carbon-negative" status is maintained by offsetting more CO2 than its already energy-efficient infrastructure is responsible for.