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Friday News Roundup

 Top News from Tuesday to Today

Tron (TRX) founder Justin Sun and Binance co-founder Yi He have had their Weibo accounts suspended. http://bit.ly/2LM5Qnm

China’s securities regulator is reportedly setting up a tech division that will be headed by the former chief of the central bank’s digital currency initiative. http://bit.ly/36zyobx

Former Bank of China President; Not Bullish on Cryptocurrency but on Legal Digital Currency: Li Lihui, the former president of the Bank of China and leader of a research team to study blockchain created by The National Internet Finance Association of China accepted an exclusive interview with Ifeng Finance. He said that he didn’t agree with the investment in some cryptocurrencies like bitcoin, because it’s too risky, more like a speculative tool without prospect. http://bit.ly/2Ef3SYE

💸

  Exchange News

Due to worries about state supervision, the survival desire of Chinese crypto exchanges forced them to take various actions. Huobi and OKEx are the most active ones in pursuing compliance in China. http://bit.ly/34i4JlU
Chainalysis announced the completion of a full AML solution applied on the Bitfinex exchange. http://bit.ly/2sn859R

Hong Kong CoinExpress Exchange has implemented cryptocurrency custody services following Korea’s top cryptocurrency exchanges Upbit and Bithumb. http://bit.ly/2rv6sXL

Binance will integrate Paxful’s web-based “Virtual Bitcoin Kiosk,” meaning Binance’s customers will be able to buy crypto from Paxful’s marketplace using over 167 fiat currencies. http://bit.ly/2PknC36

💰

Coins

Blockchain Industry Practitioner Call for a Pilot of Special Tax on Bitcoin Mining in China: http://bit.ly/34gFFf1

Bitmain co-founder and tech billionaire Wu Jihan resurfaces at the helm of Beijing-based mining giant Bitmain at a recent meeting with clients. https://bloom.bg/2Eb9nYa

Chinese Bitcoin (BTC) miners are now responsible for controlling as much as 66% of global hash rate, but this has been the case for years;l The team has also expanded in South America. http://bit.ly/36zy50nhttps://reut.rs/34ikycf

🧳 Business
 

Russia’s national energy grid operator Rosetti is testing a blockchain solution for payments in the retail electricity sector. http://bit.ly/2PiJtbn

Switzerland-based cryptocurrency bank SEBA has expanded its services to nine new countries- Singapore, Hong Kong, the United Kingdom, Italy, Germany, France, Austria, Portugal. http://bit.ly/2YIGPP5

China Construction Bank (CCB), the world’s second-biggest bank by operated assets, has officially launched its blockchain-based refactoring platform. http://bit.ly/2rxi9NH

 JPMorgan’s blockchain-based payment network will launch in Japan in early 2020. http://bit.ly/2YJMbdd

⚖️ Regulations

South Korea plans to tax crypto gains. http://bit.ly/2RwJWs5

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