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New Rumors On Indian Crypto Ban, Bonds on Blockchain + More News

New Rumors On Indian Crypto Ban, Bonds on Blockchain + More News

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Get your each day, bite-sized digest of cryptoasset and blockchain-related information – investigating the tales flying underneath the radar of immediately’s crypto information.

Regulation information

  • India plans to introduce a brand new legislation banning commerce in cryptocurrencies and the invoice is predicted to be mentioned shortly by the federal cupboard earlier than it’s despatched to parliament, Bloomberg reported, citing undisclosed folks conversant in the event. The federal authorities will encourage blockchain however is just not eager on cryptocurrency buying and selling, the report added, with out offering some other particulars concerning the doable ban. (Be taught extra: OKEx CEO Says Indian Crypto Ban ‘Unlikely’, Has three Eventualities in Thoughts)
  • Cash transmitters and cryptocurrency companies will be capable of extra simply increase throughout the USA, after 48 state regulators agreed to a single set of supervisory guidelines that ought to scale back their compliance prices, Reuters reported. The brand new regulatory regime will probably be unveiled by the Convention of State Financial institution Supervisors on Tuesday, it added.

Blockchain information

  • Thailand’s central Financial institution of Thailand (BOT]) mentioned it has offered some USD 1.6bn price of presidency financial savings bonds inside every week on a blockchain-powered platform. Per a press launch, the BOT said that its platform permits for safer and environment friendly bond issuance, with decrease working prices. The BOT additionally added {that a} “subsequent section” will comply with, with its platform set to “increase to assist all authorities bonds, each retail and wholesale, to totally serve demand from all stakeholders.
  • A Russian pop musician has made a digital rights switch for a pop music utilizing a platform constructed on the government-backed IPChain blockchain community. Per VC.ru, the pinnacle of the copyright platform studio Soyuz efficiently agreed on phrases and concluded a licensing settlement with Russian music service Fonmix that can enable corporations akin to shops, eating places, and gymnasiums to make use of Oleg Kenzov’s smash-hit music “Po Kaifu” for advertising functions. Artists utilizing the platform obtain cost “instantly” – and the whole course of takes simply 10 minutes, Soyuz claimed.
  • Main crypto alternate OKEx has introduced that OKChain, the industrial public chain developed by OKEx, has been formally renamed as OKExChain. The trading-centric OKExChain goals to carry “the enablement of large-scale functions with excessive efficiency primarily based on blockchain expertise,” it mentioned in an emailed press launch.

Mining information

  • The long-running tug-of-war between the founders of crypto mining {hardware} maker Bitmain continues to rumble on, with Jihan Wu apparently gaining the higher hand over his former enterprise accomplice Micree Zhan. Zhan appeared to have wrestled management again from Wu earlier this 12 months, however per an official Bitmain WeChat submit, Wu has stolen a march on his rival, changing into the corporate’s CEO as soon as once more. The creator added that “regular working order” has been resumed on the agency – though the submit’s creator was cautious to notice that “our deepest respect for Mr. Zhan stays unchanged.”

Profession information

  • BitPay, a US-headquartered main supplier of crypto cost providers, introduced a everlasting work-from-home coverage immediately. An inner survey confirmed that 85% of staff most well-liked to earn a living from home and felt they had been extra productive, the corporate that employs 80 folks throughout three workplaces together with Atlanta, Amsterdam, and Buenos Aires, mentioned.

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