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Avo Receives First Virtual General Insurer License in Hong Kong
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Avo Receives First Virtual General Insurer License in Hong Kong

Hong Kong’s Insurance Authority (IA) announced on Tuesday that it has granted the first authorization for virtual general insurance under Fast Track. The license was granted to Avo, a local insurtech company providing products like health and travel insurance.

R3's Marco Polo Network Welcomes First Indian Corporate as Asia Serves as a Key Area of Growth
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R3's Marco Polo Network Welcomes First Indian Corporate as Asia Serves as a Key Area of Growth

The Marco Polo Network announced on Thursday that India’s leading provider of digital transformation, Tech Mahindra became the first corporate in India to join the R3’s open-source blockchain-based Marco Polo Network for facilitating cross-border transactions.

Tokocrypto Gets Green Light as First Indonesian Crypto Exchange
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Tokocrypto Gets Green Light as First Indonesian Crypto Exchange

Tokocrypto becomes the first cryptocurrency exchange platform to be approved by the Indonesian government. Having being established in Indonesia, Tokocrypto seeks to stamp its authority in this nation in the crypto space. Since 2018 to date, it has facilitated at least US$250 million in cryptocurrency assets.

Kraken Is the First Cryptocurrency Exchange to Become a US Bank
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Kraken Is the First Cryptocurrency Exchange to Become a US Bank

Kraken San Francisco-based crypto exchange was approved yesterday by the Wyoming Banking Board and is now the first exchange to become a US bank.

China’s Central Bank Digital Currency DCEP Has Been Processed in Pilot Transactions Worth 1.1 Billion Yuan
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China’s Central Bank Digital Currency DCEP Has Been Processed in Pilot Transactions Worth 1.1 Billion Yuan

In the race to be the first country to launch a functional CBDC, China appears to be in the lead, as it has begun experimenting with its digital currency.

Fujitsu and Ricex Reveals World’s First Blockchain-Enabled Rice Trading Platform
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Fujitsu and Ricex Reveals World’s First Blockchain-Enabled Rice Trading Platform

Fujitsu has revealed its collaboration with Rice Exchange (Ricex), a Switzerland-based startup, for the first-ever blockchain-powered rice trading platform. This move seeks to offer unparalleled traceability, efficiency, transparency, and security to the worldwide rice market worth a whopping $450 billion.

First Crypto-Native Bank to be Launched in the United States by Former Wall Street Executive
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First Crypto-Native Bank to be Launched in the United States by Former Wall Street Executive

Former Wall Street executive and blockchain laws advocate Caitlin Long has seized the opportunity to establish the first crypto-native bank in the United States. This opportunity came as an advantage as the Wyoming legislature has been progressive, and Long previously helped Wyoming to enact thirteen blockchain-enabling laws.

Cardano’s First DeFi Project Revealed as Partnership With Bondly Finance Announced
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Cardano’s First DeFi Project Revealed as Partnership With Bondly Finance Announced

Input Output Hong Kong (IOHK) has just announced a new partnership that would enable the first decentralized finance (DeFi) project on the network.

China Establishes First-Ever Blockchain Zone in Central Province of Hunan
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China Establishes First-Ever Blockchain Zone in Central Province of Hunan

The first provincial blockchain zone has been established in China, in the central Chinese province of Hunan. The “Wanbao” blockchain zone is located in the city of Loudi, marking the first blockchain zone in China, according to a local Chinese report.

Dutch Central Bank Grants First-Ever Crypto Service Registration
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Dutch Central Bank Grants First-Ever Crypto Service Registration

The Amsterdam Digital Asset Exchange (AMDAX) has secured the De Nederlandsche Bank (DNB) in line with EU Anti Money Laundering guidelines.

China to Prioritize Testing its Central Bank Digital Currency in Wealthier Cities First
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China to Prioritize Testing its Central Bank Digital Currency in Wealthier Cities First

China is planning a more extensive expansion of the testing of its central bank digital currency (CBDC) after reportedly starting its first tests in the Greater Bay Area.

Kakao Plans to Launch Crypto Wallet in the First Quarter of 2020
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Kakao Plans to Launch Crypto Wallet in the First Quarter of 2020

Kakao’s Co-Chairman, Yeo Min-soo, said that the company is planning to launch its cryptocurrency wallet called Klip in the first quarter of 2020 in his speech during the Klaytn Governance Council Summit in Seoul. Klip will allow users to store their Klay, Klaytn cryptocurrency, and Klaytn-based cryptocurrencies, which will be available for use in various ways in their daily lives.

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