GCR

Top News in Asia from Tuesday to Today 

Ex- China central bank chief: Beijing may delegate the issuance of digital currency to commercial entities; may be rethinking its digital currency strategy. http://bit.ly/2Y70J8V

Binance announced the expansion of its fiat-enabled trading platform in Singapore. http://bit.ly/2Y4dVem

The American Foundation for Defense of Democracies has assembled an assessment of current and future risks of cryptocurrency use by countries adversarial to the United States- Venezuela, Russia, Iian, China. http://bit.ly/2G9IO6W

GCR talks to the CFO of Binance Wei Zhou on the Binance podcast to give a firsthand account of the Asian Blockchain Summit that took place in Taipei last week. Here are the highlights from our Interview with Binance CFO on promising regions for expansion; stablecoin; opportunities in Europe. http://bit.ly/2LLYjWm

Quick tweet takeaways from live workshop with Harmony Protocol on lessons from its Binance IEO listing. http://bit.ly/2LOti49

? Coins and Mining

The Rising Trend of Exchanges Participating as EOS BPs; EOS Becoming Even More Centralized. http://bit.ly/2LW9mfE

GCR Contributor Network: An Indepth Look into Crypto Mining with Overview & Landscape of the Mining Industry by Chris McCann. http://bit.ly/2LRyS5O

Singapore’s Stock Exchange Backs New Ethereum Security Token Platform with technical support from ConsenSys.http://bit.ly/2LUKHbH

China hosted a conference called StakingCon with some of the active local players who highlighted the increasing trend shift from POW to POS.  Google translate: http://bit.ly/2LOy6GN

PundiX Wallet app has integrated Telegram chat and enable people to send crypto gift to their Telegram contacts; it has also ported XPOS to Verifone’s latest Android-based point-of-sale terminal. http://bit.ly/2LRS2IH

 Events coming up in Asia

Shanghai International Blockchain Week is set to be on 16th Sep. to Sep.18th – http://bit.ly/2NSdvEm

GCR is providing complimentary tickets are available to KryptoSeoul for BUIDL 2019 on July 22nd and 23rd, a technical and business forum held at Novotel Ambassador Gangnam. We have partnered up with the team to bring premium subscribers complimentary tickets to the conference, while supplies last.

  Exchange News

GCR’s interview transcript with Arthur Hayes on his debate with Nouriel Roubini, Bitmex at the Asian Blockchain Summit is now available. http://bit.ly/2LQeySC

Polish Crypto Exchange BitMarket Shuts Down Citing Liquidity Loss:http://bit.ly/2GcFXdM

BitMEX operator grants $60,000 to bitcoin core developer. http://bit.ly/2LOMNJP

Japan’s Bitpoint suspended all services after losing about 32million USD in a hack that involved Ripple and other cryptocurrencies. https://bloom.bg/2LOWcB9

Binance burns $24 million worth of BNB tokens allocated to team; officially launches margin trading this week. http://bit.ly/2LSWsiD

? Business

Hong Kong-based blockchain financial services firm Diginex Ltd. is scheduled to go public through a reverse merger with investment holding company 8i Enterprises Acquisition Corp. Subsequently, the firm will be listed on the Nasdaq.https://bloom.bg/2LLJ1kF

Fortress Investment Group is buying bitcoin claims from Mt. Gox creditors at $900 a Piece:. http://bit.ly/2XFuU2E

UAE is one of the few nations in the world where the local government has placed special emphasis on promoting the use of crypto. In Q1 2019, UAE-based blockchain startups were able to raise a total of $210 million. http://bit.ly/2LRN12P

Jihan Wu’s new company Matrixport’s 3 KYC tiers– KYC1 is an identity authentication system, which can requires nationality and basic information; KYC2 is a non-Chinese user authentication system; and KYC3 is a Chinese user’s video authentication system. The higher the KYC, the more you can withdraw with 200k USDT. http://bit.ly/2XJZY1d

Given the cheap electricity in Iran,  Iran crypto miners are scrambling to get a share of Chinese crypto mining machines.http://bit.ly/2XGqMiR Additionally, Chinese cryptocurrency miners have made requests to Iran government through official channels for their cryptocurrency mining operations in the country http://bit.ly/2XDhBj6

? Regulations

The Stock Exchange of Thailand has floated the idea of launching a digital “stablecoin” to be used domestically at first before expanding into Cambodia, Laos, Myanmar and Vietnam if the asset takes hold. This is an attempt supposedly to tame Libra.http://bit.ly/2YMODhX

And in response to Libra potentially entering Thailand, legal experts in Thailand claims that Libra may have thorny Thai debut with three possible scenarios-> an outright ban from financial authorities; no regulation in order to facilitate greater financial inclusion or an indirect attempt to support greater acceptance; and regulation through an intermediary .http://bit.ly/2YQa81q
 
The government of Turkey has included a central bank-issued digital currency in its 2019–2023 economic roadmap. http://bit.ly/2XXJLK0

Vanuatu, a Pacific Island country, has extradited six Chinese citizens to the mainland in relation to a Plustoken Pyramind Scheme. http://bit.ly/2GbkPV7

EU Central Bank Won’t Add Bitcoin to Reserves — refusing to recognize it as currency in a Q&A session. http://bit.ly/2G7FEke