Today’s Crypto News on Asia- Jun 29
What Crypto insiders are reading on Asia.
Happy Friday. This week was long and hectic, but we are so close to being done!
This weekend, we have prepared a surprise for our readers, something fantastic and truly unique?? and we can’t wait to share it with you all. Keep an eye out for your inbox and share with your friends so they learn about the news when you do!
It appears to me that South Korea, similar to what China has done, is changing its tone to be more blockchain focused. http://bit.ly/2KvN3gz
Ripple’s xCurren’t blockchain technology to power India’s Kotak Mahindra Bank for its international remittances, but the bank will not use Ripple’s token. http://bit.ly/2KAVibc
*China Media* China’s city of Changsha is enticing blockchain companies with ~$300k USD subsidy, office space and free rent for 3 years. Google translated link
Today’s patent filing reveals that Alibaba has been exploring the use of blockchain technology to speed up international payments. http://bit.ly/2Kz8M7m
*China Media* A great, lengthy interview with Binance CEO in Chinese today. So much interesting stuff, I wish I had all the time in the world to translate it! “Binance does not have plans to IPO, traditionally IPO was just a way of financing, or a way for early investors to liquidate, so we don’t want to do that”. Google translate have to do for now
Coin and Exchange News
Similar to Huobi, exchange Kucoin will no longer be able to operate in Japan. http://bit.ly/2KhvXnj
Cryptocurrency Exchanges DragonEx launches global operation center in Thailand. https://prn.to/2KkFABI
Business and Regulation News
Chinese VC Node Capital will open an office in the U.S. and is using 200,000 Ether to fund local blockchain startups. Invested capital include Sequoia, IDG, Y Combinator, American and US VCs. http://bit.ly/2KuDHSq
South Korea thinks its real-name system is working in reducing the “kimchi premium”. http://bit.ly/2KnhN4s
India Exchanges have started asking its customers to withdraw their funds before Reserve Bank of India’s mandate deadline ends in July 5th. Looks like India will be quiet for a while as it tries to figure out next steps, but supposedly the authorities are close to proposing a regulatory framework and finalizing a draft in July. http://bit.ly/2KkFgTw
A critique of different nation’s research on crypto such as China’s recent cryptocurrency ranking and Switzerland’s recent latest reports. http://bit.ly/2KxuQza
Did I miss anything big today? Share with me the link, if you saw anything interesting. If I’m swayed, I’ll include your bit tomorrow (with attribution)!
Check our past 3 weekly pieces on Binance, Bitmain, and China’s Crypto winners
Do you have any recommendations for me for things to do or people to meet in Zug when I’m there next week?