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Friday News Roundup

 Top News from Last Week to This Week

Several local authorities in China’s capital city, Beijing, have jointly issued a new risk warning on cryptocurrency trading activities, according to a notice issued Friday.

China’s Shenzhen Stock Exchange Launches Index of 50 Blockchain Firms: http://bit.ly/2EXfwHO

China has hinted that its treatment of cryptocurrencies such as Bitcoin (BTC) may change again as it looks to reform its forex markets. https://reut.rs/39k4rOT

What we can learn from China’s failed blockchain projects. http://bit.ly/39emRke

All Cryptocurrency Platforms Have Been Eliminated in China’s Guangzhou, Local Regulator Says. Additionally, internet equity financing, foreign exchange trading platform, asset management in Guangzhou have all been cleaned up and rectified. http://bit.ly/361dAdo

Digital Currency Electronic Payment (DCEP) project proposed by China regulators has launched research of DCEP’s free exchange on ATM. The research will be conducted by a state-owned enterprise called GRGBanking. The enterprise will start ecological cooperation with banks and password manufacturers to promote the plan. http://bit.ly/2QrGjRQ

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  Exchange News
 

OKEx has launched bitcoin options trading for a select group of clients ahead of a public launch next month. http://bit.ly/2MwJ5UO

Japanese financial services firm Tokai Tokyo Financial Holdings will invest about 500 million yen (nearly $4.6 million) in the Japanese branch of cryptocurrency exchange Huobi. http://bit.ly/2Q3r0jz

Binance Expands Trading for Turkish Lira Trading Pairs. http://bit.ly/2StlFn6

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Coins

Sichuan’s Garze Demands a Cleanup of Bitcoin Mining Operations to Give Priority to Social Electricity Demand. http://bit.ly/2ZpVJKu

🧳 Business
 

Japanese retail giant Rakuten now lets its customers convert its Rakuten Group loyalty points to major cryptocurrencies like Bitcoin (BTC). http://bit.ly/2PY7AfK

China’s Internet Giant Tencent to Set up Cryptocurrency Research Team: http://bit.ly/2EY1OEy

Canaan Mining will be Equipped with TSMC 5nm Mining Chip in Q1 2020. http://bit.ly/2Mz42yt

The most visible outcome of President Xi Jinping’s speech in 2020 will likely be local governments setting up funds to invest in local blockchain businesses, McKinsey stated in its latest commentary. http://bit.ly/2SutGbC

Regulations
 

Uzbekistan Bans Citizens From Buying Crypto, They Can Only Sell. http://bit.ly/2MygzCl

The Bank of Korea, South Korea’s central bank, is set to recruit additional experts to research digital currencies in its “Monetary Policy for 2020” document. http://bit.ly/39k5AGb

While the Indian government is uncertain about the use of cryptocurrency, the National Payment Corporation of India, or NPCI, officially announced its permissioned blockchain-based platform, Varja, to make the payment process easier, faster and more transparent. http://bit.ly/2SuohRR

The Central Bank of China has recently issued 20 billion Chinese yuan ($2.8 billion) of special bonds, which it has sold in order to fund small and micro-enterprise businesses, according to the China Development Network. http://bit.ly/2F24m4t

Chinese police have recently busted another major cryptocurrency scam called CloudToken, with 72 suspects arrested and 30 million yuan (over $4 million) involved. http://bit.ly/2ESE3On

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