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Friday News Roundup

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

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