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.

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.

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.


  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.
Chainalysis announced the completion of a full AML solution applied on the Bitfinex exchange.

Hong Kong CoinExpress Exchange has implemented cryptocurrency custody services following Korea’s top cryptocurrency exchanges Upbit and Bithumb.

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.



Blockchain Industry Practitioner Call for a Pilot of Special Tax on Bitcoin Mining in China:

Bitmain co-founder and tech billionaire Wu Jihan resurfaces at the helm of Beijing-based mining giant Bitmain at a recent meeting with clients.

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.

🧳 Business

Russia’s national energy grid operator Rosetti is testing a blockchain solution for payments in the retail electricity sector.

Switzerland-based cryptocurrency bank SEBA has expanded its services to nine new countries- Singapore, Hong Kong, the United Kingdom, Italy, Germany, France, Austria, Portugal.

China Construction Bank (CCB), the world’s second-biggest bank by operated assets, has officially launched its blockchain-based refactoring platform.

 JPMorgan’s blockchain-based payment network will launch in Japan in early 2020.

⚖️ Regulations

South Korea plans to tax crypto gains.

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