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Binance Follows Bybit in Appointing Top Compliance Official
Maxwell Baucus, former U.S. senator and ambassador to China, has joined Binance. The top official will become policy advisor and government liaison to the exchange. Given Baucus’s influence in US political circles, the move should support Binance’s expansion efforts within North America, where its Binance US platform operates.
Chinese Province Eyes Blockchain-Powered Points Reward System to Boost Tourism
Hainan, a southern island province of China, is developing a blockchain-enabled points reward program aimed at promoting tourism in the region.
Thailand to Revive the Tourism Sector by Attracting Wealthy Crypto Holders
The Tourism Authority of Thailand (TAT) is going an extra mile of targeting crypto holders, especially those from Japan as it seeks to revamp the nation’s tourism sector in the post-pandemic era
China’s Central Bank Official Urges the Acceleration of Digitization of the Chinese Economy with Blockchain
China’s central bank, the People’s Bank of China (PBoC) Financial Technology Committee held its first meeting of the year this week, after months of delay due to the coronavirus pandemic. Fan Yifei, the PBoC’s deputy governor echoed President Xi Jinping’s call for the acceleration of the country’s blockchain development adoption. The president pointed out that it is necessary to strengthen fundamental research of blockchain technology and enhance innovation, enabling China to take a leading position in the blockchain field. The bank’s deputy governor met with the central bank’s officials as well as the heads of their affiliated financial institutions. Fan emphasized the importance of blockchain and financial technology (FinTech) industries and wanted to ensure China’s adoption plan would be laid out and implemented by 2021 to be in line with the deadline they have set out.
Central Bank Official: Blockchain Application Ideal for Chinese Commercial Banks
Li Wei, the Technology Departmental Head of the People’s Bank of China, has urged Chinese commercial banks to embrace blockchain and digital finance.
Ethereum’s Launch Ready for Take-Off as Deposit Contract Target Met, ETH Price Smashes $600
Ethereum 2.0’s launch is going to happen on December 1 at 12 pm, as the required number of staked Ether for the deposit contract was locked in late last night.
Official State-Run Publication Reports Blockchain Development in China to Reach $2 Billion In 2023
Chinese publication, Xinhua, reports that blockchain technology will reach $2 billion in 2023 as well as this, blockchain development in China is expected to increase by a compound annual growth rate of 65.7% from 2018 to 2023.
Gambling Rings Use Cryptocurrency to Transfer $145.5 Billion of Funds Outside China Every Year, Official Report Reveals
Government officials identified that cryptocurrencies are used to collect and transfer 1 trillion yuan out of China to online gambling and casinos every year.
Chinese Firms Hold Overwhelming Majority of Global Blockchain Patents
Chinese firms have been stockpiling blockchain patent applications leaving other nations behind and outpacing the United States 3 to 1.
FinTech in Belt and Road - Transforming French Freight Logistics with Blockchain
The Belt and Road Initiative (BRI) seeks to improve trade connectivity by upgrading transport infrastructure across much of Eurasia. The undertaking spans a massive geographic area covering as many as 63 countries, accounting for sixty percent of the world’s population and thirty percent of global GDP.
Chinese Police Arrest 27 Kingpins of Plus Token Bitcoin Scam Worth $5.7 Billion
Chinese authorities have arrested all 27 primary criminal suspects involved in the Plus Token Ponzi scheme that defrauded nearly 40 billion Chinese yuan, approximately $5.7 billion from victims.
Tokyo District Court Ordered Japan’s First Bitcoin Seizure
The Tokyo District Court has set a legal precedent for the cryptocurrency industry in Japan, by issuing the first Bitcoin seizure.