Quân Lee, Author at The Distributed

No Result

View All Result

No Result

View All Result

No Result

View All Result

Some Chinese investors think that the government's ban only prohibits the trading of cryptocurrencies, but does not actually ban ownership of this virtual asset, so mining and holding here is completely legal.<\/li>\n<\/ul>\n\n\n\n

1 2 3 Next

Most Read

Business

FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot

April 14, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
If Mr Huang Yiping's proposal is approved, this will be a good sign for investors in China. Despite the ban, China remains the world's second-largest Bitcoin mining country as of January 2022, showing that a large crypto community still exists.
<\/li>\n\n\n\n
Some Chinese investors think that the government's ban only prohibits the trading of cryptocurrencies, but does not actually ban ownership of this virtual asset, so mining and holding here is completely legal.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n","post_title":"Economist Huang Yiping Urges China To Re-Evaluate Its Cryptocurrency Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"economist-huang-yiping-urges-china-to-re-evaluate-its-cryptocurrency-ban","to_ping":"","pinged":"","post_modified":"2023-02-07 22:16:26","post_modified_gmt":"2023-02-07 11:16:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9815","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Business

FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot

April 14, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
If Mr Huang Yiping's proposal is approved, this will be a good sign for investors in China. Despite the ban, China remains the world's second-largest Bitcoin mining country as of January 2022, showing that a large crypto community still exists.
<\/li>\n\n\n\n
Some Chinese investors think that the government's ban only prohibits the trading of cryptocurrencies, but does not actually ban ownership of this virtual asset, so mining and holding here is completely legal.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n","post_title":"Economist Huang Yiping Urges China To Re-Evaluate Its Cryptocurrency Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"economist-huang-yiping-urges-china-to-re-evaluate-its-cryptocurrency-ban","to_ping":"","pinged":"","post_modified":"2023-02-07 22:16:26","post_modified_gmt":"2023-02-07 11:16:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9815","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Business

FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot

April 14, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n\n\n\n
\n
If Mr Huang Yiping's proposal is approved, this will be a good sign for investors in China. Despite the ban, China remains the world's second-largest Bitcoin mining country as of January 2022, showing that a large crypto community still exists.
<\/li>\n\n\n\n
Some Chinese investors think that the government's ban only prohibits the trading of cryptocurrencies, but does not actually ban ownership of this virtual asset, so mining and holding here is completely legal.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n","post_title":"Economist Huang Yiping Urges China To Re-Evaluate Its Cryptocurrency Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"economist-huang-yiping-urges-china-to-re-evaluate-its-cryptocurrency-ban","to_ping":"","pinged":"","post_modified":"2023-02-07 22:16:26","post_modified_gmt":"2023-02-07 11:16:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9815","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Business

FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot

April 14, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Although China is focusing on bringing blockchain technology into everyday life, the country is still famous for its \u201cblockchain, not Bitcoin\u201d stance. At the same time, the Chinese government has shown some hostility towards cryptocurrencies, eventually banning virtually all crypto transactions by 2021.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n\n\n\n
\n
If Mr Huang Yiping's proposal is approved, this will be a good sign for investors in China. Despite the ban, China remains the world's second-largest Bitcoin mining country as of January 2022, showing that a large crypto community still exists.
<\/li>\n\n\n\n
Some Chinese investors think that the government's ban only prohibits the trading of cryptocurrencies, but does not actually ban ownership of this virtual asset, so mining and holding here is completely legal.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n","post_title":"Economist Huang Yiping Urges China To Re-Evaluate Its Cryptocurrency Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"economist-huang-yiping-urges-china-to-re-evaluate-its-cryptocurrency-ban","to_ping":"","pinged":"","post_modified":"2023-02-07 22:16:26","post_modified_gmt":"2023-02-07 11:16:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9815","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Business

FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot

April 14, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The economist thinks that the permanent ban on cryptocurrencies is only beneficial in the short term. Still, according to a long-term plan, it greatly affects China seizing big opportunities in the future. At the same time, this action will make China's FinTech industry backward in the future.
<\/li>\n\n\n\n
Although China is focusing on bringing blockchain technology into everyday life, the country is still famous for its \u201cblockchain, not Bitcoin\u201d stance. At the same time, the Chinese government has shown some hostility towards cryptocurrencies, eventually banning virtually all crypto transactions by 2021.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n\n\n\n
\n
If Mr Huang Yiping's proposal is approved, this will be a good sign for investors in China. Despite the ban, China remains the world's second-largest Bitcoin mining country as of January 2022, showing that a large crypto community still exists.
<\/li>\n\n\n\n
Some Chinese investors think that the government's ban only prohibits the trading of cryptocurrencies, but does not actually ban ownership of this virtual asset, so mining and holding here is completely legal.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n","post_title":"Economist Huang Yiping Urges China To Re-Evaluate Its Cryptocurrency Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"economist-huang-yiping-urges-china-to-re-evaluate-its-cryptocurrency-ban","to_ping":"","pinged":"","post_modified":"2023-02-07 22:16:26","post_modified_gmt":"2023-02-07 11:16:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9815","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Business

FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot

April 14, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
The economist thinks that the permanent ban on cryptocurrencies is only beneficial in the short term. Still, according to a long-term plan, it greatly affects China seizing big opportunities in the future. At the same time, this action will make China's FinTech industry backward in the future.
<\/li>\n\n\n\n
Although China is focusing on bringing blockchain technology into everyday life, the country is still famous for its \u201cblockchain, not Bitcoin\u201d stance. At the same time, the Chinese government has shown some hostility towards cryptocurrencies, eventually banning virtually all crypto transactions by 2021.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n\n\n\n
\n
If Mr Huang Yiping's proposal is approved, this will be a good sign for investors in China. Despite the ban, China remains the world's second-largest Bitcoin mining country as of January 2022, showing that a large crypto community still exists.
<\/li>\n\n\n\n
Some Chinese investors think that the government's ban only prohibits the trading of cryptocurrencies, but does not actually ban ownership of this virtual asset, so mining and holding here is completely legal.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n","post_title":"Economist Huang Yiping Urges China To Re-Evaluate Its Cryptocurrency Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"economist-huang-yiping-urges-china-to-re-evaluate-its-cryptocurrency-ban","to_ping":"","pinged":"","post_modified":"2023-02-07 22:16:26","post_modified_gmt":"2023-02-07 11:16:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9815","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Business

FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot

April 14, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Recently, a former member of the Monetary Policy Committee at the People's Bank of China (PBoC), Huang Yiping called for Beijing to change its ban on cryptocurrencies in the country.<\/p>\n\n\n\n
\n
The economist thinks that the permanent ban on cryptocurrencies is only beneficial in the short term. Still, according to a long-term plan, it greatly affects China seizing big opportunities in the future. At the same time, this action will make China's FinTech industry backward in the future.
<\/li>\n\n\n\n
Although China is focusing on bringing blockchain technology into everyday life, the country is still famous for its \u201cblockchain, not Bitcoin\u201d stance. At the same time, the Chinese government has shown some hostility towards cryptocurrencies, eventually banning virtually all crypto transactions by 2021.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n\n\n\n
\n
If Mr Huang Yiping's proposal is approved, this will be a good sign for investors in China. Despite the ban, China remains the world's second-largest Bitcoin mining country as of January 2022, showing that a large crypto community still exists.
<\/li>\n\n\n\n
Some Chinese investors think that the government's ban only prohibits the trading of cryptocurrencies, but does not actually ban ownership of this virtual asset, so mining and holding here is completely legal.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n","post_title":"Economist Huang Yiping Urges China To Re-Evaluate Its Cryptocurrency Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"economist-huang-yiping-urges-china-to-re-evaluate-its-cryptocurrency-ban","to_ping":"","pinged":"","post_modified":"2023-02-07 22:16:26","post_modified_gmt":"2023-02-07 11:16:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9815","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Business

FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot

April 14, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9815,"post_author":"16","post_date":"2023-02-07 22:16:18","post_date_gmt":"2023-02-07 11:16:18","post_content":"\n
Recently, a former member of the Monetary Policy Committee at the People's Bank of China (PBoC), Huang Yiping called for Beijing to change its ban on cryptocurrencies in the country.<\/p>\n\n\n\n
\n
The economist thinks that the permanent ban on cryptocurrencies is only beneficial in the short term. Still, according to a long-term plan, it greatly affects China seizing big opportunities in the future. At the same time, this action will make China's FinTech industry backward in the future.
<\/li>\n\n\n\n
Although China is focusing on bringing blockchain technology into everyday life, the country is still famous for its \u201cblockchain, not Bitcoin\u201d stance. At the same time, the Chinese government has shown some hostility towards cryptocurrencies, eventually banning virtually all crypto transactions by 2021.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n\n\n\n
\n
If Mr Huang Yiping's proposal is approved, this will be a good sign for investors in China. Despite the ban, China remains the world's second-largest Bitcoin mining country as of January 2022, showing that a large crypto community still exists.
<\/li>\n\n\n\n
Some Chinese investors think that the government's ban only prohibits the trading of cryptocurrencies, but does not actually ban ownership of this virtual asset, so mining and holding here is completely legal.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n","post_title":"Economist Huang Yiping Urges China To Re-Evaluate Its Cryptocurrency Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"economist-huang-yiping-urges-china-to-re-evaluate-its-cryptocurrency-ban","to_ping":"","pinged":"","post_modified":"2023-02-07 22:16:26","post_modified_gmt":"2023-02-07 11:16:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9815","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Business

FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot

April 14, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9815,"post_author":"16","post_date":"2023-02-07 22:16:18","post_date_gmt":"2023-02-07 11:16:18","post_content":"\n
Recently, a former member of the Monetary Policy Committee at the People's Bank of China (PBoC), Huang Yiping called for Beijing to change its ban on cryptocurrencies in the country.<\/p>\n\n\n\n
\n
The economist thinks that the permanent ban on cryptocurrencies is only beneficial in the short term. Still, according to a long-term plan, it greatly affects China seizing big opportunities in the future. At the same time, this action will make China's FinTech industry backward in the future.
<\/li>\n\n\n\n
Although China is focusing on bringing blockchain technology into everyday life, the country is still famous for its \u201cblockchain, not Bitcoin\u201d stance. At the same time, the Chinese government has shown some hostility towards cryptocurrencies, eventually banning virtually all crypto transactions by 2021.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n\n\n\n
\n
If Mr Huang Yiping's proposal is approved, this will be a good sign for investors in China. Despite the ban, China remains the world's second-largest Bitcoin mining country as of January 2022, showing that a large crypto community still exists.
<\/li>\n\n\n\n
Some Chinese investors think that the government's ban only prohibits the trading of cryptocurrencies, but does not actually ban ownership of this virtual asset, so mining and holding here is completely legal.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n","post_title":"Economist Huang Yiping Urges China To Re-Evaluate Its Cryptocurrency Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"economist-huang-yiping-urges-china-to-re-evaluate-its-cryptocurrency-ban","to_ping":"","pinged":"","post_modified":"2023-02-07 22:16:26","post_modified_gmt":"2023-02-07 11:16:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9815","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Business

FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot

April 14, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9815,"post_author":"16","post_date":"2023-02-07 22:16:18","post_date_gmt":"2023-02-07 11:16:18","post_content":"\n
Recently, a former member of the Monetary Policy Committee at the People's Bank of China (PBoC), Huang Yiping called for Beijing to change its ban on cryptocurrencies in the country.<\/p>\n\n\n\n
\n
The economist thinks that the permanent ban on cryptocurrencies is only beneficial in the short term. Still, according to a long-term plan, it greatly affects China seizing big opportunities in the future. At the same time, this action will make China's FinTech industry backward in the future.
<\/li>\n\n\n\n
Although China is focusing on bringing blockchain technology into everyday life, the country is still famous for its \u201cblockchain, not Bitcoin\u201d stance. At the same time, the Chinese government has shown some hostility towards cryptocurrencies, eventually banning virtually all crypto transactions by 2021.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n\n\n\n
\n
If Mr Huang Yiping's proposal is approved, this will be a good sign for investors in China. Despite the ban, China remains the world's second-largest Bitcoin mining country as of January 2022, showing that a large crypto community still exists.
<\/li>\n\n\n\n
Some Chinese investors think that the government's ban only prohibits the trading of cryptocurrencies, but does not actually ban ownership of this virtual asset, so mining and holding here is completely legal.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n","post_title":"Economist Huang Yiping Urges China To Re-Evaluate Its Cryptocurrency Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"economist-huang-yiping-urges-china-to-re-evaluate-its-cryptocurrency-ban","to_ping":"","pinged":"","post_modified":"2023-02-07 22:16:26","post_modified_gmt":"2023-02-07 11:16:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9815","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Business

FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot

April 14, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9815,"post_author":"16","post_date":"2023-02-07 22:16:18","post_date_gmt":"2023-02-07 11:16:18","post_content":"\n
Recently, a former member of the Monetary Policy Committee at the People's Bank of China (PBoC), Huang Yiping called for Beijing to change its ban on cryptocurrencies in the country.<\/p>\n\n\n\n
\n
The economist thinks that the permanent ban on cryptocurrencies is only beneficial in the short term. Still, according to a long-term plan, it greatly affects China seizing big opportunities in the future. At the same time, this action will make China's FinTech industry backward in the future.
<\/li>\n\n\n\n
Although China is focusing on bringing blockchain technology into everyday life, the country is still famous for its \u201cblockchain, not Bitcoin\u201d stance. At the same time, the Chinese government has shown some hostility towards cryptocurrencies, eventually banning virtually all crypto transactions by 2021.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n\n\n\n
\n
If Mr Huang Yiping's proposal is approved, this will be a good sign for investors in China. Despite the ban, China remains the world's second-largest Bitcoin mining country as of January 2022, showing that a large crypto community still exists.
<\/li>\n\n\n\n
Some Chinese investors think that the government's ban only prohibits the trading of cryptocurrencies, but does not actually ban ownership of this virtual asset, so mining and holding here is completely legal.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n","post_title":"Economist Huang Yiping Urges China To Re-Evaluate Its Cryptocurrency Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"economist-huang-yiping-urges-china-to-re-evaluate-its-cryptocurrency-ban","to_ping":"","pinged":"","post_modified":"2023-02-07 22:16:26","post_modified_gmt":"2023-02-07 11:16:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9815","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Business

FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot

April 14, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9815,"post_author":"16","post_date":"2023-02-07 22:16:18","post_date_gmt":"2023-02-07 11:16:18","post_content":"\n
Recently, a former member of the Monetary Policy Committee at the People's Bank of China (PBoC), Huang Yiping called for Beijing to change its ban on cryptocurrencies in the country.<\/p>\n\n\n\n
\n
The economist thinks that the permanent ban on cryptocurrencies is only beneficial in the short term. Still, according to a long-term plan, it greatly affects China seizing big opportunities in the future. At the same time, this action will make China's FinTech industry backward in the future.
<\/li>\n\n\n\n
Although China is focusing on bringing blockchain technology into everyday life, the country is still famous for its \u201cblockchain, not Bitcoin\u201d stance. At the same time, the Chinese government has shown some hostility towards cryptocurrencies, eventually banning virtually all crypto transactions by 2021.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n\n\n\n
\n
If Mr Huang Yiping's proposal is approved, this will be a good sign for investors in China. Despite the ban, China remains the world's second-largest Bitcoin mining country as of January 2022, showing that a large crypto community still exists.
<\/li>\n\n\n\n
Some Chinese investors think that the government's ban only prohibits the trading of cryptocurrencies, but does not actually ban ownership of this virtual asset, so mining and holding here is completely legal.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n","post_title":"Economist Huang Yiping Urges China To Re-Evaluate Its Cryptocurrency Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"economist-huang-yiping-urges-china-to-re-evaluate-its-cryptocurrency-ban","to_ping":"","pinged":"","post_modified":"2023-02-07 22:16:26","post_modified_gmt":"2023-02-07 11:16:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9815","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Business

FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot

April 14, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9815,"post_author":"16","post_date":"2023-02-07 22:16:18","post_date_gmt":"2023-02-07 11:16:18","post_content":"\n
Recently, a former member of the Monetary Policy Committee at the People's Bank of China (PBoC), Huang Yiping called for Beijing to change its ban on cryptocurrencies in the country.<\/p>\n\n\n\n
\n
The economist thinks that the permanent ban on cryptocurrencies is only beneficial in the short term. Still, according to a long-term plan, it greatly affects China seizing big opportunities in the future. At the same time, this action will make China's FinTech industry backward in the future.
<\/li>\n\n\n\n
Although China is focusing on bringing blockchain technology into everyday life, the country is still famous for its \u201cblockchain, not Bitcoin\u201d stance. At the same time, the Chinese government has shown some hostility towards cryptocurrencies, eventually banning virtually all crypto transactions by 2021.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n\n\n\n
\n
If Mr Huang Yiping's proposal is approved, this will be a good sign for investors in China. Despite the ban, China remains the world's second-largest Bitcoin mining country as of January 2022, showing that a large crypto community still exists.
<\/li>\n\n\n\n
Some Chinese investors think that the government's ban only prohibits the trading of cryptocurrencies, but does not actually ban ownership of this virtual asset, so mining and holding here is completely legal.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n","post_title":"Economist Huang Yiping Urges China To Re-Evaluate Its Cryptocurrency Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"economist-huang-yiping-urges-china-to-re-evaluate-its-cryptocurrency-ban","to_ping":"","pinged":"","post_modified":"2023-02-07 22:16:26","post_modified_gmt":"2023-02-07 11:16:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9815","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Business

FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot

April 14, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9815,"post_author":"16","post_date":"2023-02-07 22:16:18","post_date_gmt":"2023-02-07 11:16:18","post_content":"\n
Recently, a former member of the Monetary Policy Committee at the People's Bank of China (PBoC), Huang Yiping called for Beijing to change its ban on cryptocurrencies in the country.<\/p>\n\n\n\n
\n
The economist thinks that the permanent ban on cryptocurrencies is only beneficial in the short term. Still, according to a long-term plan, it greatly affects China seizing big opportunities in the future. At the same time, this action will make China's FinTech industry backward in the future.
<\/li>\n\n\n\n
Although China is focusing on bringing blockchain technology into everyday life, the country is still famous for its \u201cblockchain, not Bitcoin\u201d stance. At the same time, the Chinese government has shown some hostility towards cryptocurrencies, eventually banning virtually all crypto transactions by 2021.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n\n\n\n
\n
If Mr Huang Yiping's proposal is approved, this will be a good sign for investors in China. Despite the ban, China remains the world's second-largest Bitcoin mining country as of January 2022, showing that a large crypto community still exists.
<\/li>\n\n\n\n
Some Chinese investors think that the government's ban only prohibits the trading of cryptocurrencies, but does not actually ban ownership of this virtual asset, so mining and holding here is completely legal.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n","post_title":"Economist Huang Yiping Urges China To Re-Evaluate Its Cryptocurrency Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"economist-huang-yiping-urges-china-to-re-evaluate-its-cryptocurrency-ban","to_ping":"","pinged":"","post_modified":"2023-02-07 22:16:26","post_modified_gmt":"2023-02-07 11:16:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9815","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Business

FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot

April 14, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9815,"post_author":"16","post_date":"2023-02-07 22:16:18","post_date_gmt":"2023-02-07 11:16:18","post_content":"\n
Recently, a former member of the Monetary Policy Committee at the People's Bank of China (PBoC), Huang Yiping called for Beijing to change its ban on cryptocurrencies in the country.<\/p>\n\n\n\n
\n
The economist thinks that the permanent ban on cryptocurrencies is only beneficial in the short term. Still, according to a long-term plan, it greatly affects China seizing big opportunities in the future. At the same time, this action will make China's FinTech industry backward in the future.
<\/li>\n\n\n\n
Although China is focusing on bringing blockchain technology into everyday life, the country is still famous for its \u201cblockchain, not Bitcoin\u201d stance. At the same time, the Chinese government has shown some hostility towards cryptocurrencies, eventually banning virtually all crypto transactions by 2021.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n\n\n\n
\n
If Mr Huang Yiping's proposal is approved, this will be a good sign for investors in China. Despite the ban, China remains the world's second-largest Bitcoin mining country as of January 2022, showing that a large crypto community still exists.
<\/li>\n\n\n\n
Some Chinese investors think that the government's ban only prohibits the trading of cryptocurrencies, but does not actually ban ownership of this virtual asset, so mining and holding here is completely legal.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n","post_title":"Economist Huang Yiping Urges China To Re-Evaluate Its Cryptocurrency Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"economist-huang-yiping-urges-china-to-re-evaluate-its-cryptocurrency-ban","to_ping":"","pinged":"","post_modified":"2023-02-07 22:16:26","post_modified_gmt":"2023-02-07 11:16:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9815","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Business

FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot

April 14, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9815,"post_author":"16","post_date":"2023-02-07 22:16:18","post_date_gmt":"2023-02-07 11:16:18","post_content":"\n
Recently, a former member of the Monetary Policy Committee at the People's Bank of China (PBoC), Huang Yiping called for Beijing to change its ban on cryptocurrencies in the country.<\/p>\n\n\n\n
\n
The economist thinks that the permanent ban on cryptocurrencies is only beneficial in the short term. Still, according to a long-term plan, it greatly affects China seizing big opportunities in the future. At the same time, this action will make China's FinTech industry backward in the future.
<\/li>\n\n\n\n
Although China is focusing on bringing blockchain technology into everyday life, the country is still famous for its \u201cblockchain, not Bitcoin\u201d stance. At the same time, the Chinese government has shown some hostility towards cryptocurrencies, eventually banning virtually all crypto transactions by 2021.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n\n\n\n
\n
If Mr Huang Yiping's proposal is approved, this will be a good sign for investors in China. Despite the ban, China remains the world's second-largest Bitcoin mining country as of January 2022, showing that a large crypto community still exists.
<\/li>\n\n\n\n
Some Chinese investors think that the government's ban only prohibits the trading of cryptocurrencies, but does not actually ban ownership of this virtual asset, so mining and holding here is completely legal.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n","post_title":"Economist Huang Yiping Urges China To Re-Evaluate Its Cryptocurrency Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"economist-huang-yiping-urges-china-to-re-evaluate-its-cryptocurrency-ban","to_ping":"","pinged":"","post_modified":"2023-02-07 22:16:26","post_modified_gmt":"2023-02-07 11:16:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9815","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Business

FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot

April 14, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9815,"post_author":"16","post_date":"2023-02-07 22:16:18","post_date_gmt":"2023-02-07 11:16:18","post_content":"\n
Recently, a former member of the Monetary Policy Committee at the People's Bank of China (PBoC), Huang Yiping called for Beijing to change its ban on cryptocurrencies in the country.<\/p>\n\n\n\n
\n
The economist thinks that the permanent ban on cryptocurrencies is only beneficial in the short term. Still, according to a long-term plan, it greatly affects China seizing big opportunities in the future. At the same time, this action will make China's FinTech industry backward in the future.
<\/li>\n\n\n\n
Although China is focusing on bringing blockchain technology into everyday life, the country is still famous for its \u201cblockchain, not Bitcoin\u201d stance. At the same time, the Chinese government has shown some hostility towards cryptocurrencies, eventually banning virtually all crypto transactions by 2021.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n\n\n\n
\n
If Mr Huang Yiping's proposal is approved, this will be a good sign for investors in China. Despite the ban, China remains the world's second-largest Bitcoin mining country as of January 2022, showing that a large crypto community still exists.
<\/li>\n\n\n\n
Some Chinese investors think that the government's ban only prohibits the trading of cryptocurrencies, but does not actually ban ownership of this virtual asset, so mining and holding here is completely legal.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n","post_title":"Economist Huang Yiping Urges China To Re-Evaluate Its Cryptocurrency Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"economist-huang-yiping-urges-china-to-re-evaluate-its-cryptocurrency-ban","to_ping":"","pinged":"","post_modified":"2023-02-07 22:16:26","post_modified_gmt":"2023-02-07 11:16:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9815","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Business

FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot

April 14, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9815,"post_author":"16","post_date":"2023-02-07 22:16:18","post_date_gmt":"2023-02-07 11:16:18","post_content":"\n
Recently, a former member of the Monetary Policy Committee at the People's Bank of China (PBoC), Huang Yiping called for Beijing to change its ban on cryptocurrencies in the country.<\/p>\n\n\n\n
\n
The economist thinks that the permanent ban on cryptocurrencies is only beneficial in the short term. Still, according to a long-term plan, it greatly affects China seizing big opportunities in the future. At the same time, this action will make China's FinTech industry backward in the future.
<\/li>\n\n\n\n
Although China is focusing on bringing blockchain technology into everyday life, the country is still famous for its \u201cblockchain, not Bitcoin\u201d stance. At the same time, the Chinese government has shown some hostility towards cryptocurrencies, eventually banning virtually all crypto transactions by 2021.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n\n\n\n
\n
If Mr Huang Yiping's proposal is approved, this will be a good sign for investors in China. Despite the ban, China remains the world's second-largest Bitcoin mining country as of January 2022, showing that a large crypto community still exists.
<\/li>\n\n\n\n
Some Chinese investors think that the government's ban only prohibits the trading of cryptocurrencies, but does not actually ban ownership of this virtual asset, so mining and holding here is completely legal.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n","post_title":"Economist Huang Yiping Urges China To Re-Evaluate Its Cryptocurrency Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"economist-huang-yiping-urges-china-to-re-evaluate-its-cryptocurrency-ban","to_ping":"","pinged":"","post_modified":"2023-02-07 22:16:26","post_modified_gmt":"2023-02-07 11:16:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9815","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Business

FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot

April 14, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9815,"post_author":"16","post_date":"2023-02-07 22:16:18","post_date_gmt":"2023-02-07 11:16:18","post_content":"\n
Recently, a former member of the Monetary Policy Committee at the People's Bank of China (PBoC), Huang Yiping called for Beijing to change its ban on cryptocurrencies in the country.<\/p>\n\n\n\n
\n
The economist thinks that the permanent ban on cryptocurrencies is only beneficial in the short term. Still, according to a long-term plan, it greatly affects China seizing big opportunities in the future. At the same time, this action will make China's FinTech industry backward in the future.
<\/li>\n\n\n\n
Although China is focusing on bringing blockchain technology into everyday life, the country is still famous for its \u201cblockchain, not Bitcoin\u201d stance. At the same time, the Chinese government has shown some hostility towards cryptocurrencies, eventually banning virtually all crypto transactions by 2021.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n\n\n\n
\n
If Mr Huang Yiping's proposal is approved, this will be a good sign for investors in China. Despite the ban, China remains the world's second-largest Bitcoin mining country as of January 2022, showing that a large crypto community still exists.
<\/li>\n\n\n\n
Some Chinese investors think that the government's ban only prohibits the trading of cryptocurrencies, but does not actually ban ownership of this virtual asset, so mining and holding here is completely legal.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n","post_title":"Economist Huang Yiping Urges China To Re-Evaluate Its Cryptocurrency Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"economist-huang-yiping-urges-china-to-re-evaluate-its-cryptocurrency-ban","to_ping":"","pinged":"","post_modified":"2023-02-07 22:16:26","post_modified_gmt":"2023-02-07 11:16:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9815","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Business

FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot

April 14, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9815,"post_author":"16","post_date":"2023-02-07 22:16:18","post_date_gmt":"2023-02-07 11:16:18","post_content":"\n
Recently, a former member of the Monetary Policy Committee at the People's Bank of China (PBoC), Huang Yiping called for Beijing to change its ban on cryptocurrencies in the country.<\/p>\n\n\n\n
\n
The economist thinks that the permanent ban on cryptocurrencies is only beneficial in the short term. Still, according to a long-term plan, it greatly affects China seizing big opportunities in the future. At the same time, this action will make China's FinTech industry backward in the future.
<\/li>\n\n\n\n
Although China is focusing on bringing blockchain technology into everyday life, the country is still famous for its \u201cblockchain, not Bitcoin\u201d stance. At the same time, the Chinese government has shown some hostility towards cryptocurrencies, eventually banning virtually all crypto transactions by 2021.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n\n\n\n
\n
If Mr Huang Yiping's proposal is approved, this will be a good sign for investors in China. Despite the ban, China remains the world's second-largest Bitcoin mining country as of January 2022, showing that a large crypto community still exists.
<\/li>\n\n\n\n
Some Chinese investors think that the government's ban only prohibits the trading of cryptocurrencies, but does not actually ban ownership of this virtual asset, so mining and holding here is completely legal.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n","post_title":"Economist Huang Yiping Urges China To Re-Evaluate Its Cryptocurrency Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"economist-huang-yiping-urges-china-to-re-evaluate-its-cryptocurrency-ban","to_ping":"","pinged":"","post_modified":"2023-02-07 22:16:26","post_modified_gmt":"2023-02-07 11:16:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9815","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Business

FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot

April 14, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9815,"post_author":"16","post_date":"2023-02-07 22:16:18","post_date_gmt":"2023-02-07 11:16:18","post_content":"\n
Recently, a former member of the Monetary Policy Committee at the People's Bank of China (PBoC), Huang Yiping called for Beijing to change its ban on cryptocurrencies in the country.<\/p>\n\n\n\n
\n
The economist thinks that the permanent ban on cryptocurrencies is only beneficial in the short term. Still, according to a long-term plan, it greatly affects China seizing big opportunities in the future. At the same time, this action will make China's FinTech industry backward in the future.
<\/li>\n\n\n\n
Although China is focusing on bringing blockchain technology into everyday life, the country is still famous for its \u201cblockchain, not Bitcoin\u201d stance. At the same time, the Chinese government has shown some hostility towards cryptocurrencies, eventually banning virtually all crypto transactions by 2021.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n\n\n\n
\n
If Mr Huang Yiping's proposal is approved, this will be a good sign for investors in China. Despite the ban, China remains the world's second-largest Bitcoin mining country as of January 2022, showing that a large crypto community still exists.
<\/li>\n\n\n\n
Some Chinese investors think that the government's ban only prohibits the trading of cryptocurrencies, but does not actually ban ownership of this virtual asset, so mining and holding here is completely legal.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n","post_title":"Economist Huang Yiping Urges China To Re-Evaluate Its Cryptocurrency Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"economist-huang-yiping-urges-china-to-re-evaluate-its-cryptocurrency-ban","to_ping":"","pinged":"","post_modified":"2023-02-07 22:16:26","post_modified_gmt":"2023-02-07 11:16:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9815","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Business

FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot

April 14, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9815,"post_author":"16","post_date":"2023-02-07 22:16:18","post_date_gmt":"2023-02-07 11:16:18","post_content":"\n
Recently, a former member of the Monetary Policy Committee at the People's Bank of China (PBoC), Huang Yiping called for Beijing to change its ban on cryptocurrencies in the country.<\/p>\n\n\n\n
\n
The economist thinks that the permanent ban on cryptocurrencies is only beneficial in the short term. Still, according to a long-term plan, it greatly affects China seizing big opportunities in the future. At the same time, this action will make China's FinTech industry backward in the future.
<\/li>\n\n\n\n
Although China is focusing on bringing blockchain technology into everyday life, the country is still famous for its \u201cblockchain, not Bitcoin\u201d stance. At the same time, the Chinese government has shown some hostility towards cryptocurrencies, eventually banning virtually all crypto transactions by 2021.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n\n\n\n
\n
If Mr Huang Yiping's proposal is approved, this will be a good sign for investors in China. Despite the ban, China remains the world's second-largest Bitcoin mining country as of January 2022, showing that a large crypto community still exists.
<\/li>\n\n\n\n
Some Chinese investors think that the government's ban only prohibits the trading of cryptocurrencies, but does not actually ban ownership of this virtual asset, so mining and holding here is completely legal.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n","post_title":"Economist Huang Yiping Urges China To Re-Evaluate Its Cryptocurrency Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"economist-huang-yiping-urges-china-to-re-evaluate-its-cryptocurrency-ban","to_ping":"","pinged":"","post_modified":"2023-02-07 22:16:26","post_modified_gmt":"2023-02-07 11:16:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9815","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Business

FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot

April 14, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9815,"post_author":"16","post_date":"2023-02-07 22:16:18","post_date_gmt":"2023-02-07 11:16:18","post_content":"\n
Recently, a former member of the Monetary Policy Committee at the People's Bank of China (PBoC), Huang Yiping called for Beijing to change its ban on cryptocurrencies in the country.<\/p>\n\n\n\n
\n
The economist thinks that the permanent ban on cryptocurrencies is only beneficial in the short term. Still, according to a long-term plan, it greatly affects China seizing big opportunities in the future. At the same time, this action will make China's FinTech industry backward in the future.
<\/li>\n\n\n\n
Although China is focusing on bringing blockchain technology into everyday life, the country is still famous for its \u201cblockchain, not Bitcoin\u201d stance. At the same time, the Chinese government has shown some hostility towards cryptocurrencies, eventually banning virtually all crypto transactions by 2021.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n\n\n\n
\n
If Mr Huang Yiping's proposal is approved, this will be a good sign for investors in China. Despite the ban, China remains the world's second-largest Bitcoin mining country as of January 2022, showing that a large crypto community still exists.
<\/li>\n\n\n\n
Some Chinese investors think that the government's ban only prohibits the trading of cryptocurrencies, but does not actually ban ownership of this virtual asset, so mining and holding here is completely legal.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n","post_title":"Economist Huang Yiping Urges China To Re-Evaluate Its Cryptocurrency Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"economist-huang-yiping-urges-china-to-re-evaluate-its-cryptocurrency-ban","to_ping":"","pinged":"","post_modified":"2023-02-07 22:16:26","post_modified_gmt":"2023-02-07 11:16:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9815","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Business

FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot

April 14, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9815,"post_author":"16","post_date":"2023-02-07 22:16:18","post_date_gmt":"2023-02-07 11:16:18","post_content":"\n
Recently, a former member of the Monetary Policy Committee at the People's Bank of China (PBoC), Huang Yiping called for Beijing to change its ban on cryptocurrencies in the country.<\/p>\n\n\n\n
\n
The economist thinks that the permanent ban on cryptocurrencies is only beneficial in the short term. Still, according to a long-term plan, it greatly affects China seizing big opportunities in the future. At the same time, this action will make China's FinTech industry backward in the future.
<\/li>\n\n\n\n
Although China is focusing on bringing blockchain technology into everyday life, the country is still famous for its \u201cblockchain, not Bitcoin\u201d stance. At the same time, the Chinese government has shown some hostility towards cryptocurrencies, eventually banning virtually all crypto transactions by 2021.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n\n\n\n
\n
If Mr Huang Yiping's proposal is approved, this will be a good sign for investors in China. Despite the ban, China remains the world's second-largest Bitcoin mining country as of January 2022, showing that a large crypto community still exists.
<\/li>\n\n\n\n
Some Chinese investors think that the government's ban only prohibits the trading of cryptocurrencies, but does not actually ban ownership of this virtual asset, so mining and holding here is completely legal.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n","post_title":"Economist Huang Yiping Urges China To Re-Evaluate Its Cryptocurrency Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"economist-huang-yiping-urges-china-to-re-evaluate-its-cryptocurrency-ban","to_ping":"","pinged":"","post_modified":"2023-02-07 22:16:26","post_modified_gmt":"2023-02-07 11:16:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9815","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Business

FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot

April 14, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
In recent years Japan has been promoting the blockchain industry<\/a>, rolling out plans to attract web 3, metaverse, etc. This is why Square Enix chose 2023 as the year to launch the project with maximum benefits received from support packages and at the same time, catch the wave of the era 2022 - 2025.<\/li>\n<\/ul>\n","post_title":"Community Awaiting The Arrival Of Square Enix's First Blockchain Game","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"community-awaiting-the-arrival-of-square-enixs-first-blockchain-game","to_ping":"","pinged":"","post_modified":"2023-02-19 22:37:23","post_modified_gmt":"2023-02-19 11:37:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9964","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9815,"post_author":"16","post_date":"2023-02-07 22:16:18","post_date_gmt":"2023-02-07 11:16:18","post_content":"\n
Recently, a former member of the Monetary Policy Committee at the People's Bank of China (PBoC), Huang Yiping called for Beijing to change its ban on cryptocurrencies in the country.<\/p>\n\n\n\n
\n
The economist thinks that the permanent ban on cryptocurrencies is only beneficial in the short term. Still, according to a long-term plan, it greatly affects China seizing big opportunities in the future. At the same time, this action will make China's FinTech industry backward in the future.
<\/li>\n\n\n\n
Although China is focusing on bringing blockchain technology into everyday life, the country is still famous for its \u201cblockchain, not Bitcoin\u201d stance. At the same time, the Chinese government has shown some hostility towards cryptocurrencies, eventually banning virtually all crypto transactions by 2021.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n\n\n\n
\n
If Mr Huang Yiping's proposal is approved, this will be a good sign for investors in China. Despite the ban, China remains the world's second-largest Bitcoin mining country as of January 2022, showing that a large crypto community still exists.
<\/li>\n\n\n\n
Some Chinese investors think that the government's ban only prohibits the trading of cryptocurrencies, but does not actually ban ownership of this virtual asset, so mining and holding here is completely legal.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n","post_title":"Economist Huang Yiping Urges China To Re-Evaluate Its Cryptocurrency Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"economist-huang-yiping-urges-china-to-re-evaluate-its-cryptocurrency-ban","to_ping":"","pinged":"","post_modified":"2023-02-07 22:16:26","post_modified_gmt":"2023-02-07 11:16:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9815","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Business

FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot

April 14, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
This is a great opportunity for investors and gamers interested in Square Enix games. With its reputation, the \"giant from Japan\" quickly created a buzz in the market even though the game has not been released, this is a signal of the community's interest in this new project.
<\/li>\n\n\n\n
In recent years Japan has been promoting the blockchain industry<\/a>, rolling out plans to attract web 3, metaverse, etc. This is why Square Enix chose 2023 as the year to launch the project with maximum benefits received from support packages and at the same time, catch the wave of the era 2022 - 2025.<\/li>\n<\/ul>\n","post_title":"Community Awaiting The Arrival Of Square Enix's First Blockchain Game","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"community-awaiting-the-arrival-of-square-enixs-first-blockchain-game","to_ping":"","pinged":"","post_modified":"2023-02-19 22:37:23","post_modified_gmt":"2023-02-19 11:37:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9964","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9815,"post_author":"16","post_date":"2023-02-07 22:16:18","post_date_gmt":"2023-02-07 11:16:18","post_content":"\n
Recently, a former member of the Monetary Policy Committee at the People's Bank of China (PBoC), Huang Yiping called for Beijing to change its ban on cryptocurrencies in the country.<\/p>\n\n\n\n
\n
The economist thinks that the permanent ban on cryptocurrencies is only beneficial in the short term. Still, according to a long-term plan, it greatly affects China seizing big opportunities in the future. At the same time, this action will make China's FinTech industry backward in the future.
<\/li>\n\n\n\n
Although China is focusing on bringing blockchain technology into everyday life, the country is still famous for its \u201cblockchain, not Bitcoin\u201d stance. At the same time, the Chinese government has shown some hostility towards cryptocurrencies, eventually banning virtually all crypto transactions by 2021.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n\n\n\n
\n
If Mr Huang Yiping's proposal is approved, this will be a good sign for investors in China. Despite the ban, China remains the world's second-largest Bitcoin mining country as of January 2022, showing that a large crypto community still exists.
<\/li>\n\n\n\n
Some Chinese investors think that the government's ban only prohibits the trading of cryptocurrencies, but does not actually ban ownership of this virtual asset, so mining and holding here is completely legal.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n","post_title":"Economist Huang Yiping Urges China To Re-Evaluate Its Cryptocurrency Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"economist-huang-yiping-urges-china-to-re-evaluate-its-cryptocurrency-ban","to_ping":"","pinged":"","post_modified":"2023-02-07 22:16:26","post_modified_gmt":"2023-02-07 11:16:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9815","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Business

FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot

April 14, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The Japanese company's chosen platform is Polygon, with the advantages of fast transactions, low fees, safety, and good user experience. Polygon is a strategic step for Square Enix to join the ranks of major blockchain game companies worldwide.
<\/li>\n\n\n\n
This is a great opportunity for investors and gamers interested in Square Enix games. With its reputation, the \"giant from Japan\" quickly created a buzz in the market even though the game has not been released, this is a signal of the community's interest in this new project.
<\/li>\n\n\n\n
In recent years Japan has been promoting the blockchain industry<\/a>, rolling out plans to attract web 3, metaverse, etc. This is why Square Enix chose 2023 as the year to launch the project with maximum benefits received from support packages and at the same time, catch the wave of the era 2022 - 2025.<\/li>\n<\/ul>\n","post_title":"Community Awaiting The Arrival Of Square Enix's First Blockchain Game","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"community-awaiting-the-arrival-of-square-enixs-first-blockchain-game","to_ping":"","pinged":"","post_modified":"2023-02-19 22:37:23","post_modified_gmt":"2023-02-19 11:37:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9964","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9815,"post_author":"16","post_date":"2023-02-07 22:16:18","post_date_gmt":"2023-02-07 11:16:18","post_content":"\n
Recently, a former member of the Monetary Policy Committee at the People's Bank of China (PBoC), Huang Yiping called for Beijing to change its ban on cryptocurrencies in the country.<\/p>\n\n\n\n
\n
The economist thinks that the permanent ban on cryptocurrencies is only beneficial in the short term. Still, according to a long-term plan, it greatly affects China seizing big opportunities in the future. At the same time, this action will make China's FinTech industry backward in the future.
<\/li>\n\n\n\n
Although China is focusing on bringing blockchain technology into everyday life, the country is still famous for its \u201cblockchain, not Bitcoin\u201d stance. At the same time, the Chinese government has shown some hostility towards cryptocurrencies, eventually banning virtually all crypto transactions by 2021.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n\n\n\n
\n
If Mr Huang Yiping's proposal is approved, this will be a good sign for investors in China. Despite the ban, China remains the world's second-largest Bitcoin mining country as of January 2022, showing that a large crypto community still exists.
<\/li>\n\n\n\n
Some Chinese investors think that the government's ban only prohibits the trading of cryptocurrencies, but does not actually ban ownership of this virtual asset, so mining and holding here is completely legal.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n","post_title":"Economist Huang Yiping Urges China To Re-Evaluate Its Cryptocurrency Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"economist-huang-yiping-urges-china-to-re-evaluate-its-cryptocurrency-ban","to_ping":"","pinged":"","post_modified":"2023-02-07 22:16:26","post_modified_gmt":"2023-02-07 11:16:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9815","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Business

FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot

April 14, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
The Japanese company's chosen platform is Polygon, with the advantages of fast transactions, low fees, safety, and good user experience. Polygon is a strategic step for Square Enix to join the ranks of major blockchain game companies worldwide.
<\/li>\n\n\n\n
This is a great opportunity for investors and gamers interested in Square Enix games. With its reputation, the \"giant from Japan\" quickly created a buzz in the market even though the game has not been released, this is a signal of the community's interest in this new project.
<\/li>\n\n\n\n
In recent years Japan has been promoting the blockchain industry<\/a>, rolling out plans to attract web 3, metaverse, etc. This is why Square Enix chose 2023 as the year to launch the project with maximum benefits received from support packages and at the same time, catch the wave of the era 2022 - 2025.<\/li>\n<\/ul>\n","post_title":"Community Awaiting The Arrival Of Square Enix's First Blockchain Game","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"community-awaiting-the-arrival-of-square-enixs-first-blockchain-game","to_ping":"","pinged":"","post_modified":"2023-02-19 22:37:23","post_modified_gmt":"2023-02-19 11:37:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9964","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9815,"post_author":"16","post_date":"2023-02-07 22:16:18","post_date_gmt":"2023-02-07 11:16:18","post_content":"\n
Recently, a former member of the Monetary Policy Committee at the People's Bank of China (PBoC), Huang Yiping called for Beijing to change its ban on cryptocurrencies in the country.<\/p>\n\n\n\n
\n
The economist thinks that the permanent ban on cryptocurrencies is only beneficial in the short term. Still, according to a long-term plan, it greatly affects China seizing big opportunities in the future. At the same time, this action will make China's FinTech industry backward in the future.
<\/li>\n\n\n\n
Although China is focusing on bringing blockchain technology into everyday life, the country is still famous for its \u201cblockchain, not Bitcoin\u201d stance. At the same time, the Chinese government has shown some hostility towards cryptocurrencies, eventually banning virtually all crypto transactions by 2021.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n\n\n\n
\n
If Mr Huang Yiping's proposal is approved, this will be a good sign for investors in China. Despite the ban, China remains the world's second-largest Bitcoin mining country as of January 2022, showing that a large crypto community still exists.
<\/li>\n\n\n\n
Some Chinese investors think that the government's ban only prohibits the trading of cryptocurrencies, but does not actually ban ownership of this virtual asset, so mining and holding here is completely legal.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n","post_title":"Economist Huang Yiping Urges China To Re-Evaluate Its Cryptocurrency Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"economist-huang-yiping-urges-china-to-re-evaluate-its-cryptocurrency-ban","to_ping":"","pinged":"","post_modified":"2023-02-07 22:16:26","post_modified_gmt":"2023-02-07 11:16:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9815","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Business

FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot

April 14, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
See Related:<\/em><\/strong> Play To Earn \u2013 Is The Future Of Gaming On The Blockchain?<\/a><\/p>\n\n\n\n
\n
The Japanese company's chosen platform is Polygon, with the advantages of fast transactions, low fees, safety, and good user experience. Polygon is a strategic step for Square Enix to join the ranks of major blockchain game companies worldwide.
<\/li>\n\n\n\n
This is a great opportunity for investors and gamers interested in Square Enix games. With its reputation, the \"giant from Japan\" quickly created a buzz in the market even though the game has not been released, this is a signal of the community's interest in this new project.
<\/li>\n\n\n\n
In recent years Japan has been promoting the blockchain industry<\/a>, rolling out plans to attract web 3, metaverse, etc. This is why Square Enix chose 2023 as the year to launch the project with maximum benefits received from support packages and at the same time, catch the wave of the era 2022 - 2025.<\/li>\n<\/ul>\n","post_title":"Community Awaiting The Arrival Of Square Enix's First Blockchain Game","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"community-awaiting-the-arrival-of-square-enixs-first-blockchain-game","to_ping":"","pinged":"","post_modified":"2023-02-19 22:37:23","post_modified_gmt":"2023-02-19 11:37:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9964","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9815,"post_author":"16","post_date":"2023-02-07 22:16:18","post_date_gmt":"2023-02-07 11:16:18","post_content":"\n
Recently, a former member of the Monetary Policy Committee at the People's Bank of China (PBoC), Huang Yiping called for Beijing to change its ban on cryptocurrencies in the country.<\/p>\n\n\n\n
\n
The economist thinks that the permanent ban on cryptocurrencies is only beneficial in the short term. Still, according to a long-term plan, it greatly affects China seizing big opportunities in the future. At the same time, this action will make China's FinTech industry backward in the future.
<\/li>\n\n\n\n
Although China is focusing on bringing blockchain technology into everyday life, the country is still famous for its \u201cblockchain, not Bitcoin\u201d stance. At the same time, the Chinese government has shown some hostility towards cryptocurrencies, eventually banning virtually all crypto transactions by 2021.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n\n\n\n
\n
If Mr Huang Yiping's proposal is approved, this will be a good sign for investors in China. Despite the ban, China remains the world's second-largest Bitcoin mining country as of January 2022, showing that a large crypto community still exists.
<\/li>\n\n\n\n
Some Chinese investors think that the government's ban only prohibits the trading of cryptocurrencies, but does not actually ban ownership of this virtual asset, so mining and holding here is completely legal.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n","post_title":"Economist Huang Yiping Urges China To Re-Evaluate Its Cryptocurrency Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"economist-huang-yiping-urges-china-to-re-evaluate-its-cryptocurrency-ban","to_ping":"","pinged":"","post_modified":"2023-02-07 22:16:26","post_modified_gmt":"2023-02-07 11:16:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9815","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Business

FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot

April 14, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Symbiogenesis is the new game name announced by this company, of course, the items exchanged in the game will be NFTized. Square Enix promises the game to bring an extremely unique experience to players with a lot of content for players to explore.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Play To Earn \u2013 Is The Future Of Gaming On The Blockchain?<\/a><\/p>\n\n\n\n
\n
The Japanese company's chosen platform is Polygon, with the advantages of fast transactions, low fees, safety, and good user experience. Polygon is a strategic step for Square Enix to join the ranks of major blockchain game companies worldwide.
<\/li>\n\n\n\n
This is a great opportunity for investors and gamers interested in Square Enix games. With its reputation, the \"giant from Japan\" quickly created a buzz in the market even though the game has not been released, this is a signal of the community's interest in this new project.
<\/li>\n\n\n\n
In recent years Japan has been promoting the blockchain industry<\/a>, rolling out plans to attract web 3, metaverse, etc. This is why Square Enix chose 2023 as the year to launch the project with maximum benefits received from support packages and at the same time, catch the wave of the era 2022 - 2025.<\/li>\n<\/ul>\n","post_title":"Community Awaiting The Arrival Of Square Enix's First Blockchain Game","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"community-awaiting-the-arrival-of-square-enixs-first-blockchain-game","to_ping":"","pinged":"","post_modified":"2023-02-19 22:37:23","post_modified_gmt":"2023-02-19 11:37:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9964","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9815,"post_author":"16","post_date":"2023-02-07 22:16:18","post_date_gmt":"2023-02-07 11:16:18","post_content":"\n
Recently, a former member of the Monetary Policy Committee at the People's Bank of China (PBoC), Huang Yiping called for Beijing to change its ban on cryptocurrencies in the country.<\/p>\n\n\n\n
\n
The economist thinks that the permanent ban on cryptocurrencies is only beneficial in the short term. Still, according to a long-term plan, it greatly affects China seizing big opportunities in the future. At the same time, this action will make China's FinTech industry backward in the future.
<\/li>\n\n\n\n
Although China is focusing on bringing blockchain technology into everyday life, the country is still famous for its \u201cblockchain, not Bitcoin\u201d stance. At the same time, the Chinese government has shown some hostility towards cryptocurrencies, eventually banning virtually all crypto transactions by 2021.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n\n\n\n
\n
If Mr Huang Yiping's proposal is approved, this will be a good sign for investors in China. Despite the ban, China remains the world's second-largest Bitcoin mining country as of January 2022, showing that a large crypto community still exists.
<\/li>\n\n\n\n
Some Chinese investors think that the government's ban only prohibits the trading of cryptocurrencies, but does not actually ban ownership of this virtual asset, so mining and holding here is completely legal.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n","post_title":"Economist Huang Yiping Urges China To Re-Evaluate Its Cryptocurrency Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"economist-huang-yiping-urges-china-to-re-evaluate-its-cryptocurrency-ban","to_ping":"","pinged":"","post_modified":"2023-02-07 22:16:26","post_modified_gmt":"2023-02-07 11:16:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9815","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Business

FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot

April 14, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
Symbiogenesis is the new game name announced by this company, of course, the items exchanged in the game will be NFTized. Square Enix promises the game to bring an extremely unique experience to players with a lot of content for players to explore.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Play To Earn \u2013 Is The Future Of Gaming On The Blockchain?<\/a><\/p>\n\n\n\n
\n
The Japanese company's chosen platform is Polygon, with the advantages of fast transactions, low fees, safety, and good user experience. Polygon is a strategic step for Square Enix to join the ranks of major blockchain game companies worldwide.
<\/li>\n\n\n\n
This is a great opportunity for investors and gamers interested in Square Enix games. With its reputation, the \"giant from Japan\" quickly created a buzz in the market even though the game has not been released, this is a signal of the community's interest in this new project.
<\/li>\n\n\n\n
In recent years Japan has been promoting the blockchain industry<\/a>, rolling out plans to attract web 3, metaverse, etc. This is why Square Enix chose 2023 as the year to launch the project with maximum benefits received from support packages and at the same time, catch the wave of the era 2022 - 2025.<\/li>\n<\/ul>\n","post_title":"Community Awaiting The Arrival Of Square Enix's First Blockchain Game","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"community-awaiting-the-arrival-of-square-enixs-first-blockchain-game","to_ping":"","pinged":"","post_modified":"2023-02-19 22:37:23","post_modified_gmt":"2023-02-19 11:37:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9964","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9815,"post_author":"16","post_date":"2023-02-07 22:16:18","post_date_gmt":"2023-02-07 11:16:18","post_content":"\n
Recently, a former member of the Monetary Policy Committee at the People's Bank of China (PBoC), Huang Yiping called for Beijing to change its ban on cryptocurrencies in the country.<\/p>\n\n\n\n
\n
The economist thinks that the permanent ban on cryptocurrencies is only beneficial in the short term. Still, according to a long-term plan, it greatly affects China seizing big opportunities in the future. At the same time, this action will make China's FinTech industry backward in the future.
<\/li>\n\n\n\n
Although China is focusing on bringing blockchain technology into everyday life, the country is still famous for its \u201cblockchain, not Bitcoin\u201d stance. At the same time, the Chinese government has shown some hostility towards cryptocurrencies, eventually banning virtually all crypto transactions by 2021.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n\n\n\n
\n
If Mr Huang Yiping's proposal is approved, this will be a good sign for investors in China. Despite the ban, China remains the world's second-largest Bitcoin mining country as of January 2022, showing that a large crypto community still exists.
<\/li>\n\n\n\n
Some Chinese investors think that the government's ban only prohibits the trading of cryptocurrencies, but does not actually ban ownership of this virtual asset, so mining and holding here is completely legal.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n","post_title":"Economist Huang Yiping Urges China To Re-Evaluate Its Cryptocurrency Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"economist-huang-yiping-urges-china-to-re-evaluate-its-cryptocurrency-ban","to_ping":"","pinged":"","post_modified":"2023-02-07 22:16:26","post_modified_gmt":"2023-02-07 11:16:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9815","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Business

FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot

April 14, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
If you are a fan of Final Fantasy, Tomb Raider, or Nier: Automata, the name Square Enix<\/a> is not unfamiliar to you. Recently, this popular Japanese game company has \"teased\" its first blockchain game.<\/p>\n\n\n\n
\n
Symbiogenesis is the new game name announced by this company, of course, the items exchanged in the game will be NFTized. Square Enix promises the game to bring an extremely unique experience to players with a lot of content for players to explore.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Play To Earn \u2013 Is The Future Of Gaming On The Blockchain?<\/a><\/p>\n\n\n\n
\n
The Japanese company's chosen platform is Polygon, with the advantages of fast transactions, low fees, safety, and good user experience. Polygon is a strategic step for Square Enix to join the ranks of major blockchain game companies worldwide.
<\/li>\n\n\n\n
This is a great opportunity for investors and gamers interested in Square Enix games. With its reputation, the \"giant from Japan\" quickly created a buzz in the market even though the game has not been released, this is a signal of the community's interest in this new project.
<\/li>\n\n\n\n
In recent years Japan has been promoting the blockchain industry<\/a>, rolling out plans to attract web 3, metaverse, etc. This is why Square Enix chose 2023 as the year to launch the project with maximum benefits received from support packages and at the same time, catch the wave of the era 2022 - 2025.<\/li>\n<\/ul>\n","post_title":"Community Awaiting The Arrival Of Square Enix's First Blockchain Game","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"community-awaiting-the-arrival-of-square-enixs-first-blockchain-game","to_ping":"","pinged":"","post_modified":"2023-02-19 22:37:23","post_modified_gmt":"2023-02-19 11:37:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9964","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9815,"post_author":"16","post_date":"2023-02-07 22:16:18","post_date_gmt":"2023-02-07 11:16:18","post_content":"\n
Recently, a former member of the Monetary Policy Committee at the People's Bank of China (PBoC), Huang Yiping called for Beijing to change its ban on cryptocurrencies in the country.<\/p>\n\n\n\n
\n
The economist thinks that the permanent ban on cryptocurrencies is only beneficial in the short term. Still, according to a long-term plan, it greatly affects China seizing big opportunities in the future. At the same time, this action will make China's FinTech industry backward in the future.
<\/li>\n\n\n\n
Although China is focusing on bringing blockchain technology into everyday life, the country is still famous for its \u201cblockchain, not Bitcoin\u201d stance. At the same time, the Chinese government has shown some hostility towards cryptocurrencies, eventually banning virtually all crypto transactions by 2021.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n\n\n\n
\n
If Mr Huang Yiping's proposal is approved, this will be a good sign for investors in China. Despite the ban, China remains the world's second-largest Bitcoin mining country as of January 2022, showing that a large crypto community still exists.
<\/li>\n\n\n\n
Some Chinese investors think that the government's ban only prohibits the trading of cryptocurrencies, but does not actually ban ownership of this virtual asset, so mining and holding here is completely legal.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n","post_title":"Economist Huang Yiping Urges China To Re-Evaluate Its Cryptocurrency Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"economist-huang-yiping-urges-china-to-re-evaluate-its-cryptocurrency-ban","to_ping":"","pinged":"","post_modified":"2023-02-07 22:16:26","post_modified_gmt":"2023-02-07 11:16:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9815","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Business

FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot

April 14, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
This is good news for investors using FTX in this Asian country, \"Amazing, in the gloom caused by FTX, this is the best decision I've ever seen, Japanese Government Banzai\"<\/em> - the delight of Mr. Dendei who invested 50K$ in FTX, told The Distributed.<\/li>\n<\/ul>\n","post_title":"FTX Japan Reopens Allowing Crypto And Fiat Withdrawals For Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-japan-reopens-allowing-crypto-and-fiat-withdrawals-for-investors","to_ping":"","pinged":"","post_modified":"2023-02-22 13:11:04","post_modified_gmt":"2023-02-22 02:11:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10013","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9964,"post_author":"16","post_date":"2023-02-19 22:37:19","post_date_gmt":"2023-02-19 11:37:19","post_content":"\n
If you are a fan of Final Fantasy, Tomb Raider, or Nier: Automata, the name Square Enix<\/a> is not unfamiliar to you. Recently, this popular Japanese game company has \"teased\" its first blockchain game.<\/p>\n\n\n\n
\n
Symbiogenesis is the new game name announced by this company, of course, the items exchanged in the game will be NFTized. Square Enix promises the game to bring an extremely unique experience to players with a lot of content for players to explore.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Play To Earn \u2013 Is The Future Of Gaming On The Blockchain?<\/a><\/p>\n\n\n\n
\n
The Japanese company's chosen platform is Polygon, with the advantages of fast transactions, low fees, safety, and good user experience. Polygon is a strategic step for Square Enix to join the ranks of major blockchain game companies worldwide.
<\/li>\n\n\n\n
This is a great opportunity for investors and gamers interested in Square Enix games. With its reputation, the \"giant from Japan\" quickly created a buzz in the market even though the game has not been released, this is a signal of the community's interest in this new project.
<\/li>\n\n\n\n
In recent years Japan has been promoting the blockchain industry<\/a>, rolling out plans to attract web 3, metaverse, etc. This is why Square Enix chose 2023 as the year to launch the project with maximum benefits received from support packages and at the same time, catch the wave of the era 2022 - 2025.<\/li>\n<\/ul>\n","post_title":"Community Awaiting The Arrival Of Square Enix's First Blockchain Game","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"community-awaiting-the-arrival-of-square-enixs-first-blockchain-game","to_ping":"","pinged":"","post_modified":"2023-02-19 22:37:23","post_modified_gmt":"2023-02-19 11:37:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9964","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9815,"post_author":"16","post_date":"2023-02-07 22:16:18","post_date_gmt":"2023-02-07 11:16:18","post_content":"\n
Recently, a former member of the Monetary Policy Committee at the People's Bank of China (PBoC), Huang Yiping called for Beijing to change its ban on cryptocurrencies in the country.<\/p>\n\n\n\n
\n
The economist thinks that the permanent ban on cryptocurrencies is only beneficial in the short term. Still, according to a long-term plan, it greatly affects China seizing big opportunities in the future. At the same time, this action will make China's FinTech industry backward in the future.
<\/li>\n\n\n\n
Although China is focusing on bringing blockchain technology into everyday life, the country is still famous for its \u201cblockchain, not Bitcoin\u201d stance. At the same time, the Chinese government has shown some hostility towards cryptocurrencies, eventually banning virtually all crypto transactions by 2021.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n\n\n\n
\n
If Mr Huang Yiping's proposal is approved, this will be a good sign for investors in China. Despite the ban, China remains the world's second-largest Bitcoin mining country as of January 2022, showing that a large crypto community still exists.
<\/li>\n\n\n\n
Some Chinese investors think that the government's ban only prohibits the trading of cryptocurrencies, but does not actually ban ownership of this virtual asset, so mining and holding here is completely legal.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n","post_title":"Economist Huang Yiping Urges China To Re-Evaluate Its Cryptocurrency Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"economist-huang-yiping-urges-china-to-re-evaluate-its-cryptocurrency-ban","to_ping":"","pinged":"","post_modified":"2023-02-07 22:16:26","post_modified_gmt":"2023-02-07 11:16:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9815","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Business

FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot

April 14, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
This is good news for investors using FTX in this Asian country, \"Amazing, in the gloom caused by FTX, this is the best decision I've ever seen, Japanese Government Banzai\"<\/em> - the delight of Mr. Dendei who invested 50K$ in FTX, told The Distributed.<\/li>\n<\/ul>\n","post_title":"FTX Japan Reopens Allowing Crypto And Fiat Withdrawals For Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-japan-reopens-allowing-crypto-and-fiat-withdrawals-for-investors","to_ping":"","pinged":"","post_modified":"2023-02-22 13:11:04","post_modified_gmt":"2023-02-22 02:11:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10013","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9964,"post_author":"16","post_date":"2023-02-19 22:37:19","post_date_gmt":"2023-02-19 11:37:19","post_content":"\n
If you are a fan of Final Fantasy, Tomb Raider, or Nier: Automata, the name Square Enix<\/a> is not unfamiliar to you. Recently, this popular Japanese game company has \"teased\" its first blockchain game.<\/p>\n\n\n\n
\n
Symbiogenesis is the new game name announced by this company, of course, the items exchanged in the game will be NFTized. Square Enix promises the game to bring an extremely unique experience to players with a lot of content for players to explore.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Play To Earn \u2013 Is The Future Of Gaming On The Blockchain?<\/a><\/p>\n\n\n\n
\n
The Japanese company's chosen platform is Polygon, with the advantages of fast transactions, low fees, safety, and good user experience. Polygon is a strategic step for Square Enix to join the ranks of major blockchain game companies worldwide.
<\/li>\n\n\n\n
This is a great opportunity for investors and gamers interested in Square Enix games. With its reputation, the \"giant from Japan\" quickly created a buzz in the market even though the game has not been released, this is a signal of the community's interest in this new project.
<\/li>\n\n\n\n
In recent years Japan has been promoting the blockchain industry<\/a>, rolling out plans to attract web 3, metaverse, etc. This is why Square Enix chose 2023 as the year to launch the project with maximum benefits received from support packages and at the same time, catch the wave of the era 2022 - 2025.<\/li>\n<\/ul>\n","post_title":"Community Awaiting The Arrival Of Square Enix's First Blockchain Game","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"community-awaiting-the-arrival-of-square-enixs-first-blockchain-game","to_ping":"","pinged":"","post_modified":"2023-02-19 22:37:23","post_modified_gmt":"2023-02-19 11:37:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9964","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9815,"post_author":"16","post_date":"2023-02-07 22:16:18","post_date_gmt":"2023-02-07 11:16:18","post_content":"\n
Recently, a former member of the Monetary Policy Committee at the People's Bank of China (PBoC), Huang Yiping called for Beijing to change its ban on cryptocurrencies in the country.<\/p>\n\n\n\n
\n
The economist thinks that the permanent ban on cryptocurrencies is only beneficial in the short term. Still, according to a long-term plan, it greatly affects China seizing big opportunities in the future. At the same time, this action will make China's FinTech industry backward in the future.
<\/li>\n\n\n\n
Although China is focusing on bringing blockchain technology into everyday life, the country is still famous for its \u201cblockchain, not Bitcoin\u201d stance. At the same time, the Chinese government has shown some hostility towards cryptocurrencies, eventually banning virtually all crypto transactions by 2021.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n\n\n\n
\n
If Mr Huang Yiping's proposal is approved, this will be a good sign for investors in China. Despite the ban, China remains the world's second-largest Bitcoin mining country as of January 2022, showing that a large crypto community still exists.
<\/li>\n\n\n\n
Some Chinese investors think that the government's ban only prohibits the trading of cryptocurrencies, but does not actually ban ownership of this virtual asset, so mining and holding here is completely legal.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n","post_title":"Economist Huang Yiping Urges China To Re-Evaluate Its Cryptocurrency Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"economist-huang-yiping-urges-china-to-re-evaluate-its-cryptocurrency-ban","to_ping":"","pinged":"","post_modified":"2023-02-07 22:16:26","post_modified_gmt":"2023-02-07 11:16:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9815","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Business

FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot

April 14, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
FTX Japan adheres to strict rules set forth by the Financial Services Authority and is subject to Japanese laws regarding separate asset management. The agency has managed to minimize the impact of FTX Global's bankruptcy and take steps towards a smooth refund process for customers.<\/li>\n<\/ul>\n\n\n\n
\n
This is good news for investors using FTX in this Asian country, \"Amazing, in the gloom caused by FTX, this is the best decision I've ever seen, Japanese Government Banzai\"<\/em> - the delight of Mr. Dendei who invested 50K$ in FTX, told The Distributed.<\/li>\n<\/ul>\n","post_title":"FTX Japan Reopens Allowing Crypto And Fiat Withdrawals For Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-japan-reopens-allowing-crypto-and-fiat-withdrawals-for-investors","to_ping":"","pinged":"","post_modified":"2023-02-22 13:11:04","post_modified_gmt":"2023-02-22 02:11:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10013","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9964,"post_author":"16","post_date":"2023-02-19 22:37:19","post_date_gmt":"2023-02-19 11:37:19","post_content":"\n
If you are a fan of Final Fantasy, Tomb Raider, or Nier: Automata, the name Square Enix<\/a> is not unfamiliar to you. Recently, this popular Japanese game company has \"teased\" its first blockchain game.<\/p>\n\n\n\n
\n
Symbiogenesis is the new game name announced by this company, of course, the items exchanged in the game will be NFTized. Square Enix promises the game to bring an extremely unique experience to players with a lot of content for players to explore.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Play To Earn \u2013 Is The Future Of Gaming On The Blockchain?<\/a><\/p>\n\n\n\n
\n
The Japanese company's chosen platform is Polygon, with the advantages of fast transactions, low fees, safety, and good user experience. Polygon is a strategic step for Square Enix to join the ranks of major blockchain game companies worldwide.
<\/li>\n\n\n\n
This is a great opportunity for investors and gamers interested in Square Enix games. With its reputation, the \"giant from Japan\" quickly created a buzz in the market even though the game has not been released, this is a signal of the community's interest in this new project.
<\/li>\n\n\n\n
In recent years Japan has been promoting the blockchain industry<\/a>, rolling out plans to attract web 3, metaverse, etc. This is why Square Enix chose 2023 as the year to launch the project with maximum benefits received from support packages and at the same time, catch the wave of the era 2022 - 2025.<\/li>\n<\/ul>\n","post_title":"Community Awaiting The Arrival Of Square Enix's First Blockchain Game","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"community-awaiting-the-arrival-of-square-enixs-first-blockchain-game","to_ping":"","pinged":"","post_modified":"2023-02-19 22:37:23","post_modified_gmt":"2023-02-19 11:37:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9964","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9815,"post_author":"16","post_date":"2023-02-07 22:16:18","post_date_gmt":"2023-02-07 11:16:18","post_content":"\n
Recently, a former member of the Monetary Policy Committee at the People's Bank of China (PBoC), Huang Yiping called for Beijing to change its ban on cryptocurrencies in the country.<\/p>\n\n\n\n
\n
The economist thinks that the permanent ban on cryptocurrencies is only beneficial in the short term. Still, according to a long-term plan, it greatly affects China seizing big opportunities in the future. At the same time, this action will make China's FinTech industry backward in the future.
<\/li>\n\n\n\n
Although China is focusing on bringing blockchain technology into everyday life, the country is still famous for its \u201cblockchain, not Bitcoin\u201d stance. At the same time, the Chinese government has shown some hostility towards cryptocurrencies, eventually banning virtually all crypto transactions by 2021.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n\n\n\n
\n
If Mr Huang Yiping's proposal is approved, this will be a good sign for investors in China. Despite the ban, China remains the world's second-largest Bitcoin mining country as of January 2022, showing that a large crypto community still exists.
<\/li>\n\n\n\n
Some Chinese investors think that the government's ban only prohibits the trading of cryptocurrencies, but does not actually ban ownership of this virtual asset, so mining and holding here is completely legal.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n","post_title":"Economist Huang Yiping Urges China To Re-Evaluate Its Cryptocurrency Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"economist-huang-yiping-urges-china-to-re-evaluate-its-cryptocurrency-ban","to_ping":"","pinged":"","post_modified":"2023-02-07 22:16:26","post_modified_gmt":"2023-02-07 11:16:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9815","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Business

FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot

April 14, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
FTX Japan adheres to strict rules set forth by the Financial Services Authority and is subject to Japanese laws regarding separate asset management. The agency has managed to minimize the impact of FTX Global's bankruptcy and take steps towards a smooth refund process for customers.<\/li>\n<\/ul>\n\n\n\n
\n
This is good news for investors using FTX in this Asian country, \"Amazing, in the gloom caused by FTX, this is the best decision I've ever seen, Japanese Government Banzai\"<\/em> - the delight of Mr. Dendei who invested 50K$ in FTX, told The Distributed.<\/li>\n<\/ul>\n","post_title":"FTX Japan Reopens Allowing Crypto And Fiat Withdrawals For Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-japan-reopens-allowing-crypto-and-fiat-withdrawals-for-investors","to_ping":"","pinged":"","post_modified":"2023-02-22 13:11:04","post_modified_gmt":"2023-02-22 02:11:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10013","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9964,"post_author":"16","post_date":"2023-02-19 22:37:19","post_date_gmt":"2023-02-19 11:37:19","post_content":"\n
If you are a fan of Final Fantasy, Tomb Raider, or Nier: Automata, the name Square Enix<\/a> is not unfamiliar to you. Recently, this popular Japanese game company has \"teased\" its first blockchain game.<\/p>\n\n\n\n
\n
Symbiogenesis is the new game name announced by this company, of course, the items exchanged in the game will be NFTized. Square Enix promises the game to bring an extremely unique experience to players with a lot of content for players to explore.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Play To Earn \u2013 Is The Future Of Gaming On The Blockchain?<\/a><\/p>\n\n\n\n
\n
The Japanese company's chosen platform is Polygon, with the advantages of fast transactions, low fees, safety, and good user experience. Polygon is a strategic step for Square Enix to join the ranks of major blockchain game companies worldwide.
<\/li>\n\n\n\n
This is a great opportunity for investors and gamers interested in Square Enix games. With its reputation, the \"giant from Japan\" quickly created a buzz in the market even though the game has not been released, this is a signal of the community's interest in this new project.
<\/li>\n\n\n\n
In recent years Japan has been promoting the blockchain industry<\/a>, rolling out plans to attract web 3, metaverse, etc. This is why Square Enix chose 2023 as the year to launch the project with maximum benefits received from support packages and at the same time, catch the wave of the era 2022 - 2025.<\/li>\n<\/ul>\n","post_title":"Community Awaiting The Arrival Of Square Enix's First Blockchain Game","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"community-awaiting-the-arrival-of-square-enixs-first-blockchain-game","to_ping":"","pinged":"","post_modified":"2023-02-19 22:37:23","post_modified_gmt":"2023-02-19 11:37:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9964","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9815,"post_author":"16","post_date":"2023-02-07 22:16:18","post_date_gmt":"2023-02-07 11:16:18","post_content":"\n
Recently, a former member of the Monetary Policy Committee at the People's Bank of China (PBoC), Huang Yiping called for Beijing to change its ban on cryptocurrencies in the country.<\/p>\n\n\n\n
\n
The economist thinks that the permanent ban on cryptocurrencies is only beneficial in the short term. Still, according to a long-term plan, it greatly affects China seizing big opportunities in the future. At the same time, this action will make China's FinTech industry backward in the future.
<\/li>\n\n\n\n
Although China is focusing on bringing blockchain technology into everyday life, the country is still famous for its \u201cblockchain, not Bitcoin\u201d stance. At the same time, the Chinese government has shown some hostility towards cryptocurrencies, eventually banning virtually all crypto transactions by 2021.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n\n\n\n
\n
If Mr Huang Yiping's proposal is approved, this will be a good sign for investors in China. Despite the ban, China remains the world's second-largest Bitcoin mining country as of January 2022, showing that a large crypto community still exists.
<\/li>\n\n\n\n
Some Chinese investors think that the government's ban only prohibits the trading of cryptocurrencies, but does not actually ban ownership of this virtual asset, so mining and holding here is completely legal.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n","post_title":"Economist Huang Yiping Urges China To Re-Evaluate Its Cryptocurrency Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"economist-huang-yiping-urges-china-to-re-evaluate-its-cryptocurrency-ban","to_ping":"","pinged":"","post_modified":"2023-02-07 22:16:26","post_modified_gmt":"2023-02-07 11:16:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9815","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Business

FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot

April 14, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
See Related:<\/em><\/strong> FTX\u2019s Former Executives Subpoenaed By Voyager Creditors To Explain Failed Bailout Attempts<\/a><\/p>\n\n\n\n
\n
FTX Japan adheres to strict rules set forth by the Financial Services Authority and is subject to Japanese laws regarding separate asset management. The agency has managed to minimize the impact of FTX Global's bankruptcy and take steps towards a smooth refund process for customers.<\/li>\n<\/ul>\n\n\n\n
\n
This is good news for investors using FTX in this Asian country, \"Amazing, in the gloom caused by FTX, this is the best decision I've ever seen, Japanese Government Banzai\"<\/em> - the delight of Mr. Dendei who invested 50K$ in FTX, told The Distributed.<\/li>\n<\/ul>\n","post_title":"FTX Japan Reopens Allowing Crypto And Fiat Withdrawals For Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-japan-reopens-allowing-crypto-and-fiat-withdrawals-for-investors","to_ping":"","pinged":"","post_modified":"2023-02-22 13:11:04","post_modified_gmt":"2023-02-22 02:11:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10013","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9964,"post_author":"16","post_date":"2023-02-19 22:37:19","post_date_gmt":"2023-02-19 11:37:19","post_content":"\n
If you are a fan of Final Fantasy, Tomb Raider, or Nier: Automata, the name Square Enix<\/a> is not unfamiliar to you. Recently, this popular Japanese game company has \"teased\" its first blockchain game.<\/p>\n\n\n\n
\n
Symbiogenesis is the new game name announced by this company, of course, the items exchanged in the game will be NFTized. Square Enix promises the game to bring an extremely unique experience to players with a lot of content for players to explore.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Play To Earn \u2013 Is The Future Of Gaming On The Blockchain?<\/a><\/p>\n\n\n\n
\n
The Japanese company's chosen platform is Polygon, with the advantages of fast transactions, low fees, safety, and good user experience. Polygon is a strategic step for Square Enix to join the ranks of major blockchain game companies worldwide.
<\/li>\n\n\n\n
This is a great opportunity for investors and gamers interested in Square Enix games. With its reputation, the \"giant from Japan\" quickly created a buzz in the market even though the game has not been released, this is a signal of the community's interest in this new project.
<\/li>\n\n\n\n
In recent years Japan has been promoting the blockchain industry<\/a>, rolling out plans to attract web 3, metaverse, etc. This is why Square Enix chose 2023 as the year to launch the project with maximum benefits received from support packages and at the same time, catch the wave of the era 2022 - 2025.<\/li>\n<\/ul>\n","post_title":"Community Awaiting The Arrival Of Square Enix's First Blockchain Game","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"community-awaiting-the-arrival-of-square-enixs-first-blockchain-game","to_ping":"","pinged":"","post_modified":"2023-02-19 22:37:23","post_modified_gmt":"2023-02-19 11:37:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9964","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9815,"post_author":"16","post_date":"2023-02-07 22:16:18","post_date_gmt":"2023-02-07 11:16:18","post_content":"\n
Recently, a former member of the Monetary Policy Committee at the People's Bank of China (PBoC), Huang Yiping called for Beijing to change its ban on cryptocurrencies in the country.<\/p>\n\n\n\n
\n
The economist thinks that the permanent ban on cryptocurrencies is only beneficial in the short term. Still, according to a long-term plan, it greatly affects China seizing big opportunities in the future. At the same time, this action will make China's FinTech industry backward in the future.
<\/li>\n\n\n\n
Although China is focusing on bringing blockchain technology into everyday life, the country is still famous for its \u201cblockchain, not Bitcoin\u201d stance. At the same time, the Chinese government has shown some hostility towards cryptocurrencies, eventually banning virtually all crypto transactions by 2021.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n\n\n\n
\n
If Mr Huang Yiping's proposal is approved, this will be a good sign for investors in China. Despite the ban, China remains the world's second-largest Bitcoin mining country as of January 2022, showing that a large crypto community still exists.
<\/li>\n\n\n\n
Some Chinese investors think that the government's ban only prohibits the trading of cryptocurrencies, but does not actually ban ownership of this virtual asset, so mining and holding here is completely legal.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n","post_title":"Economist Huang Yiping Urges China To Re-Evaluate Its Cryptocurrency Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"economist-huang-yiping-urges-china-to-re-evaluate-its-cryptocurrency-ban","to_ping":"","pinged":"","post_modified":"2023-02-07 22:16:26","post_modified_gmt":"2023-02-07 11:16:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9815","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Business

FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot

April 14, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
According to documents published on December 26, 2022, FTX Japan manages customer deposits for all 14 cryptocurrencies it handles, including BTC and ETH. In addition, the company managed a legal currency balance of about 6.3 billion yen, exceeding customer deposits by about 300 million yen.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX\u2019s Former Executives Subpoenaed By Voyager Creditors To Explain Failed Bailout Attempts<\/a><\/p>\n\n\n\n
\n
FTX Japan adheres to strict rules set forth by the Financial Services Authority and is subject to Japanese laws regarding separate asset management. The agency has managed to minimize the impact of FTX Global's bankruptcy and take steps towards a smooth refund process for customers.<\/li>\n<\/ul>\n\n\n\n
\n
This is good news for investors using FTX in this Asian country, \"Amazing, in the gloom caused by FTX, this is the best decision I've ever seen, Japanese Government Banzai\"<\/em> - the delight of Mr. Dendei who invested 50K$ in FTX, told The Distributed.<\/li>\n<\/ul>\n","post_title":"FTX Japan Reopens Allowing Crypto And Fiat Withdrawals For Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-japan-reopens-allowing-crypto-and-fiat-withdrawals-for-investors","to_ping":"","pinged":"","post_modified":"2023-02-22 13:11:04","post_modified_gmt":"2023-02-22 02:11:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10013","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9964,"post_author":"16","post_date":"2023-02-19 22:37:19","post_date_gmt":"2023-02-19 11:37:19","post_content":"\n
If you are a fan of Final Fantasy, Tomb Raider, or Nier: Automata, the name Square Enix<\/a> is not unfamiliar to you. Recently, this popular Japanese game company has \"teased\" its first blockchain game.<\/p>\n\n\n\n
\n
Symbiogenesis is the new game name announced by this company, of course, the items exchanged in the game will be NFTized. Square Enix promises the game to bring an extremely unique experience to players with a lot of content for players to explore.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Play To Earn \u2013 Is The Future Of Gaming On The Blockchain?<\/a><\/p>\n\n\n\n
\n
The Japanese company's chosen platform is Polygon, with the advantages of fast transactions, low fees, safety, and good user experience. Polygon is a strategic step for Square Enix to join the ranks of major blockchain game companies worldwide.
<\/li>\n\n\n\n
This is a great opportunity for investors and gamers interested in Square Enix games. With its reputation, the \"giant from Japan\" quickly created a buzz in the market even though the game has not been released, this is a signal of the community's interest in this new project.
<\/li>\n\n\n\n
In recent years Japan has been promoting the blockchain industry<\/a>, rolling out plans to attract web 3, metaverse, etc. This is why Square Enix chose 2023 as the year to launch the project with maximum benefits received from support packages and at the same time, catch the wave of the era 2022 - 2025.<\/li>\n<\/ul>\n","post_title":"Community Awaiting The Arrival Of Square Enix's First Blockchain Game","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"community-awaiting-the-arrival-of-square-enixs-first-blockchain-game","to_ping":"","pinged":"","post_modified":"2023-02-19 22:37:23","post_modified_gmt":"2023-02-19 11:37:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9964","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9815,"post_author":"16","post_date":"2023-02-07 22:16:18","post_date_gmt":"2023-02-07 11:16:18","post_content":"\n
Recently, a former member of the Monetary Policy Committee at the People's Bank of China (PBoC), Huang Yiping called for Beijing to change its ban on cryptocurrencies in the country.<\/p>\n\n\n\n
\n
The economist thinks that the permanent ban on cryptocurrencies is only beneficial in the short term. Still, according to a long-term plan, it greatly affects China seizing big opportunities in the future. At the same time, this action will make China's FinTech industry backward in the future.
<\/li>\n\n\n\n
Although China is focusing on bringing blockchain technology into everyday life, the country is still famous for its \u201cblockchain, not Bitcoin\u201d stance. At the same time, the Chinese government has shown some hostility towards cryptocurrencies, eventually banning virtually all crypto transactions by 2021.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n\n\n\n
\n
If Mr Huang Yiping's proposal is approved, this will be a good sign for investors in China. Despite the ban, China remains the world's second-largest Bitcoin mining country as of January 2022, showing that a large crypto community still exists.
<\/li>\n\n\n\n
Some Chinese investors think that the government's ban only prohibits the trading of cryptocurrencies, but does not actually ban ownership of this virtual asset, so mining and holding here is completely legal.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n","post_title":"Economist Huang Yiping Urges China To Re-Evaluate Its Cryptocurrency Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"economist-huang-yiping-urges-china-to-re-evaluate-its-cryptocurrency-ban","to_ping":"","pinged":"","post_modified":"2023-02-07 22:16:26","post_modified_gmt":"2023-02-07 11:16:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9815","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Business

FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot

April 14, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Users can initiate withdrawals through the Liquid Japan platform. Liquid Japan<\/a> is a licensed Japanese crypto asset exchange acquired by FTX in 2022. Customers with assets in the account must confirm their balance and transfer it to their Liquid account. FTX Japan customers without a Liquid Japan account must open an account before receiving their assets.
<\/li>\n\n\n\n
According to documents published on December 26, 2022, FTX Japan manages customer deposits for all 14 cryptocurrencies it handles, including BTC and ETH. In addition, the company managed a legal currency balance of about 6.3 billion yen, exceeding customer deposits by about 300 million yen.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX\u2019s Former Executives Subpoenaed By Voyager Creditors To Explain Failed Bailout Attempts<\/a><\/p>\n\n\n\n
\n
FTX Japan adheres to strict rules set forth by the Financial Services Authority and is subject to Japanese laws regarding separate asset management. The agency has managed to minimize the impact of FTX Global's bankruptcy and take steps towards a smooth refund process for customers.<\/li>\n<\/ul>\n\n\n\n
\n
This is good news for investors using FTX in this Asian country, \"Amazing, in the gloom caused by FTX, this is the best decision I've ever seen, Japanese Government Banzai\"<\/em> - the delight of Mr. Dendei who invested 50K$ in FTX, told The Distributed.<\/li>\n<\/ul>\n","post_title":"FTX Japan Reopens Allowing Crypto And Fiat Withdrawals For Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-japan-reopens-allowing-crypto-and-fiat-withdrawals-for-investors","to_ping":"","pinged":"","post_modified":"2023-02-22 13:11:04","post_modified_gmt":"2023-02-22 02:11:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10013","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9964,"post_author":"16","post_date":"2023-02-19 22:37:19","post_date_gmt":"2023-02-19 11:37:19","post_content":"\n
If you are a fan of Final Fantasy, Tomb Raider, or Nier: Automata, the name Square Enix<\/a> is not unfamiliar to you. Recently, this popular Japanese game company has \"teased\" its first blockchain game.<\/p>\n\n\n\n
\n
Symbiogenesis is the new game name announced by this company, of course, the items exchanged in the game will be NFTized. Square Enix promises the game to bring an extremely unique experience to players with a lot of content for players to explore.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Play To Earn \u2013 Is The Future Of Gaming On The Blockchain?<\/a><\/p>\n\n\n\n
\n
The Japanese company's chosen platform is Polygon, with the advantages of fast transactions, low fees, safety, and good user experience. Polygon is a strategic step for Square Enix to join the ranks of major blockchain game companies worldwide.
<\/li>\n\n\n\n
This is a great opportunity for investors and gamers interested in Square Enix games. With its reputation, the \"giant from Japan\" quickly created a buzz in the market even though the game has not been released, this is a signal of the community's interest in this new project.
<\/li>\n\n\n\n
In recent years Japan has been promoting the blockchain industry<\/a>, rolling out plans to attract web 3, metaverse, etc. This is why Square Enix chose 2023 as the year to launch the project with maximum benefits received from support packages and at the same time, catch the wave of the era 2022 - 2025.<\/li>\n<\/ul>\n","post_title":"Community Awaiting The Arrival Of Square Enix's First Blockchain Game","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"community-awaiting-the-arrival-of-square-enixs-first-blockchain-game","to_ping":"","pinged":"","post_modified":"2023-02-19 22:37:23","post_modified_gmt":"2023-02-19 11:37:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9964","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9815,"post_author":"16","post_date":"2023-02-07 22:16:18","post_date_gmt":"2023-02-07 11:16:18","post_content":"\n
Recently, a former member of the Monetary Policy Committee at the People's Bank of China (PBoC), Huang Yiping called for Beijing to change its ban on cryptocurrencies in the country.<\/p>\n\n\n\n
\n
The economist thinks that the permanent ban on cryptocurrencies is only beneficial in the short term. Still, according to a long-term plan, it greatly affects China seizing big opportunities in the future. At the same time, this action will make China's FinTech industry backward in the future.
<\/li>\n\n\n\n
Although China is focusing on bringing blockchain technology into everyday life, the country is still famous for its \u201cblockchain, not Bitcoin\u201d stance. At the same time, the Chinese government has shown some hostility towards cryptocurrencies, eventually banning virtually all crypto transactions by 2021.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n\n\n\n
\n
If Mr Huang Yiping's proposal is approved, this will be a good sign for investors in China. Despite the ban, China remains the world's second-largest Bitcoin mining country as of January 2022, showing that a large crypto community still exists.
<\/li>\n\n\n\n
Some Chinese investors think that the government's ban only prohibits the trading of cryptocurrencies, but does not actually ban ownership of this virtual asset, so mining and holding here is completely legal.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n","post_title":"Economist Huang Yiping Urges China To Re-Evaluate Its Cryptocurrency Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"economist-huang-yiping-urges-china-to-re-evaluate-its-cryptocurrency-ban","to_ping":"","pinged":"","post_modified":"2023-02-07 22:16:26","post_modified_gmt":"2023-02-07 11:16:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9815","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Business

FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot

April 14, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
Users can initiate withdrawals through the Liquid Japan platform. Liquid Japan<\/a> is a licensed Japanese crypto asset exchange acquired by FTX in 2022. Customers with assets in the account must confirm their balance and transfer it to their Liquid account. FTX Japan customers without a Liquid Japan account must open an account before receiving their assets.
<\/li>\n\n\n\n
According to documents published on December 26, 2022, FTX Japan manages customer deposits for all 14 cryptocurrencies it handles, including BTC and ETH. In addition, the company managed a legal currency balance of about 6.3 billion yen, exceeding customer deposits by about 300 million yen.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX\u2019s Former Executives Subpoenaed By Voyager Creditors To Explain Failed Bailout Attempts<\/a><\/p>\n\n\n\n
\n
FTX Japan adheres to strict rules set forth by the Financial Services Authority and is subject to Japanese laws regarding separate asset management. The agency has managed to minimize the impact of FTX Global's bankruptcy and take steps towards a smooth refund process for customers.<\/li>\n<\/ul>\n\n\n\n
\n
This is good news for investors using FTX in this Asian country, \"Amazing, in the gloom caused by FTX, this is the best decision I've ever seen, Japanese Government Banzai\"<\/em> - the delight of Mr. Dendei who invested 50K$ in FTX, told The Distributed.<\/li>\n<\/ul>\n","post_title":"FTX Japan Reopens Allowing Crypto And Fiat Withdrawals For Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-japan-reopens-allowing-crypto-and-fiat-withdrawals-for-investors","to_ping":"","pinged":"","post_modified":"2023-02-22 13:11:04","post_modified_gmt":"2023-02-22 02:11:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10013","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9964,"post_author":"16","post_date":"2023-02-19 22:37:19","post_date_gmt":"2023-02-19 11:37:19","post_content":"\n
If you are a fan of Final Fantasy, Tomb Raider, or Nier: Automata, the name Square Enix<\/a> is not unfamiliar to you. Recently, this popular Japanese game company has \"teased\" its first blockchain game.<\/p>\n\n\n\n
\n
Symbiogenesis is the new game name announced by this company, of course, the items exchanged in the game will be NFTized. Square Enix promises the game to bring an extremely unique experience to players with a lot of content for players to explore.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Play To Earn \u2013 Is The Future Of Gaming On The Blockchain?<\/a><\/p>\n\n\n\n
\n
The Japanese company's chosen platform is Polygon, with the advantages of fast transactions, low fees, safety, and good user experience. Polygon is a strategic step for Square Enix to join the ranks of major blockchain game companies worldwide.
<\/li>\n\n\n\n
This is a great opportunity for investors and gamers interested in Square Enix games. With its reputation, the \"giant from Japan\" quickly created a buzz in the market even though the game has not been released, this is a signal of the community's interest in this new project.
<\/li>\n\n\n\n
In recent years Japan has been promoting the blockchain industry<\/a>, rolling out plans to attract web 3, metaverse, etc. This is why Square Enix chose 2023 as the year to launch the project with maximum benefits received from support packages and at the same time, catch the wave of the era 2022 - 2025.<\/li>\n<\/ul>\n","post_title":"Community Awaiting The Arrival Of Square Enix's First Blockchain Game","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"community-awaiting-the-arrival-of-square-enixs-first-blockchain-game","to_ping":"","pinged":"","post_modified":"2023-02-19 22:37:23","post_modified_gmt":"2023-02-19 11:37:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9964","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9815,"post_author":"16","post_date":"2023-02-07 22:16:18","post_date_gmt":"2023-02-07 11:16:18","post_content":"\n
Recently, a former member of the Monetary Policy Committee at the People's Bank of China (PBoC), Huang Yiping called for Beijing to change its ban on cryptocurrencies in the country.<\/p>\n\n\n\n
\n
The economist thinks that the permanent ban on cryptocurrencies is only beneficial in the short term. Still, according to a long-term plan, it greatly affects China seizing big opportunities in the future. At the same time, this action will make China's FinTech industry backward in the future.
<\/li>\n\n\n\n
Although China is focusing on bringing blockchain technology into everyday life, the country is still famous for its \u201cblockchain, not Bitcoin\u201d stance. At the same time, the Chinese government has shown some hostility towards cryptocurrencies, eventually banning virtually all crypto transactions by 2021.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n\n\n\n
\n
If Mr Huang Yiping's proposal is approved, this will be a good sign for investors in China. Despite the ban, China remains the world's second-largest Bitcoin mining country as of January 2022, showing that a large crypto community still exists.
<\/li>\n\n\n\n
Some Chinese investors think that the government's ban only prohibits the trading of cryptocurrencies, but does not actually ban ownership of this virtual asset, so mining and holding here is completely legal.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n","post_title":"Economist Huang Yiping Urges China To Re-Evaluate Its Cryptocurrency Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"economist-huang-yiping-urges-china-to-re-evaluate-its-cryptocurrency-ban","to_ping":"","pinged":"","post_modified":"2023-02-07 22:16:26","post_modified_gmt":"2023-02-07 11:16:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9815","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Business

FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot

April 14, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
FTX Japan announced<\/a> on its official website that customers of FTX Japan can start withdrawing money today, February 21, 2023, at 12:00 (JST).<\/p>\n\n\n\n
\n
Users can initiate withdrawals through the Liquid Japan platform. Liquid Japan<\/a> is a licensed Japanese crypto asset exchange acquired by FTX in 2022. Customers with assets in the account must confirm their balance and transfer it to their Liquid account. FTX Japan customers without a Liquid Japan account must open an account before receiving their assets.
<\/li>\n\n\n\n
According to documents published on December 26, 2022, FTX Japan manages customer deposits for all 14 cryptocurrencies it handles, including BTC and ETH. In addition, the company managed a legal currency balance of about 6.3 billion yen, exceeding customer deposits by about 300 million yen.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX\u2019s Former Executives Subpoenaed By Voyager Creditors To Explain Failed Bailout Attempts<\/a><\/p>\n\n\n\n
\n
FTX Japan adheres to strict rules set forth by the Financial Services Authority and is subject to Japanese laws regarding separate asset management. The agency has managed to minimize the impact of FTX Global's bankruptcy and take steps towards a smooth refund process for customers.<\/li>\n<\/ul>\n\n\n\n
\n
This is good news for investors using FTX in this Asian country, \"Amazing, in the gloom caused by FTX, this is the best decision I've ever seen, Japanese Government Banzai\"<\/em> - the delight of Mr. Dendei who invested 50K$ in FTX, told The Distributed.<\/li>\n<\/ul>\n","post_title":"FTX Japan Reopens Allowing Crypto And Fiat Withdrawals For Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-japan-reopens-allowing-crypto-and-fiat-withdrawals-for-investors","to_ping":"","pinged":"","post_modified":"2023-02-22 13:11:04","post_modified_gmt":"2023-02-22 02:11:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10013","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9964,"post_author":"16","post_date":"2023-02-19 22:37:19","post_date_gmt":"2023-02-19 11:37:19","post_content":"\n
If you are a fan of Final Fantasy, Tomb Raider, or Nier: Automata, the name Square Enix<\/a> is not unfamiliar to you. Recently, this popular Japanese game company has \"teased\" its first blockchain game.<\/p>\n\n\n\n
\n
Symbiogenesis is the new game name announced by this company, of course, the items exchanged in the game will be NFTized. Square Enix promises the game to bring an extremely unique experience to players with a lot of content for players to explore.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Play To Earn \u2013 Is The Future Of Gaming On The Blockchain?<\/a><\/p>\n\n\n\n
\n
The Japanese company's chosen platform is Polygon, with the advantages of fast transactions, low fees, safety, and good user experience. Polygon is a strategic step for Square Enix to join the ranks of major blockchain game companies worldwide.
<\/li>\n\n\n\n
This is a great opportunity for investors and gamers interested in Square Enix games. With its reputation, the \"giant from Japan\" quickly created a buzz in the market even though the game has not been released, this is a signal of the community's interest in this new project.
<\/li>\n\n\n\n
In recent years Japan has been promoting the blockchain industry<\/a>, rolling out plans to attract web 3, metaverse, etc. This is why Square Enix chose 2023 as the year to launch the project with maximum benefits received from support packages and at the same time, catch the wave of the era 2022 - 2025.<\/li>\n<\/ul>\n","post_title":"Community Awaiting The Arrival Of Square Enix's First Blockchain Game","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"community-awaiting-the-arrival-of-square-enixs-first-blockchain-game","to_ping":"","pinged":"","post_modified":"2023-02-19 22:37:23","post_modified_gmt":"2023-02-19 11:37:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9964","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9815,"post_author":"16","post_date":"2023-02-07 22:16:18","post_date_gmt":"2023-02-07 11:16:18","post_content":"\n
Recently, a former member of the Monetary Policy Committee at the People's Bank of China (PBoC), Huang Yiping called for Beijing to change its ban on cryptocurrencies in the country.<\/p>\n\n\n\n
\n
The economist thinks that the permanent ban on cryptocurrencies is only beneficial in the short term. Still, according to a long-term plan, it greatly affects China seizing big opportunities in the future. At the same time, this action will make China's FinTech industry backward in the future.
<\/li>\n\n\n\n
Although China is focusing on bringing blockchain technology into everyday life, the country is still famous for its \u201cblockchain, not Bitcoin\u201d stance. At the same time, the Chinese government has shown some hostility towards cryptocurrencies, eventually banning virtually all crypto transactions by 2021.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n\n\n\n
\n
If Mr Huang Yiping's proposal is approved, this will be a good sign for investors in China. Despite the ban, China remains the world's second-largest Bitcoin mining country as of January 2022, showing that a large crypto community still exists.
<\/li>\n\n\n\n
Some Chinese investors think that the government's ban only prohibits the trading of cryptocurrencies, but does not actually ban ownership of this virtual asset, so mining and holding here is completely legal.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n","post_title":"Economist Huang Yiping Urges China To Re-Evaluate Its Cryptocurrency Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"economist-huang-yiping-urges-china-to-re-evaluate-its-cryptocurrency-ban","to_ping":"","pinged":"","post_modified":"2023-02-07 22:16:26","post_modified_gmt":"2023-02-07 11:16:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9815","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Business

FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot

April 14, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
This is also the step that Chan has set for Hong Kong to become Asia's cryptocurrency center<\/a>. Now Hong Kong is like a \"black horse\" in the Asian market, and in the future, this city will become the second spear of China next to Beijing to help this country \"breakthrough\" the world market.<\/li>\n<\/ul>\n","post_title":"Hong Kong Invests Over $6.4M Into Web 3 Development","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-invests-over-6-4m-into-web-3-development","to_ping":"","pinged":"","post_modified":"2023-04-10 17:32:36","post_modified_gmt":"2023-04-10 07:32:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10085","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10013,"post_author":"16","post_date":"2023-02-22 13:10:58","post_date_gmt":"2023-02-22 02:10:58","post_content":"\n
FTX Japan announced<\/a> on its official website that customers of FTX Japan can start withdrawing money today, February 21, 2023, at 12:00 (JST).<\/p>\n\n\n\n
\n
Users can initiate withdrawals through the Liquid Japan platform. Liquid Japan<\/a> is a licensed Japanese crypto asset exchange acquired by FTX in 2022. Customers with assets in the account must confirm their balance and transfer it to their Liquid account. FTX Japan customers without a Liquid Japan account must open an account before receiving their assets.
<\/li>\n\n\n\n
According to documents published on December 26, 2022, FTX Japan manages customer deposits for all 14 cryptocurrencies it handles, including BTC and ETH. In addition, the company managed a legal currency balance of about 6.3 billion yen, exceeding customer deposits by about 300 million yen.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX\u2019s Former Executives Subpoenaed By Voyager Creditors To Explain Failed Bailout Attempts<\/a><\/p>\n\n\n\n
\n
FTX Japan adheres to strict rules set forth by the Financial Services Authority and is subject to Japanese laws regarding separate asset management. The agency has managed to minimize the impact of FTX Global's bankruptcy and take steps towards a smooth refund process for customers.<\/li>\n<\/ul>\n\n\n\n
\n
This is good news for investors using FTX in this Asian country, \"Amazing, in the gloom caused by FTX, this is the best decision I've ever seen, Japanese Government Banzai\"<\/em> - the delight of Mr. Dendei who invested 50K$ in FTX, told The Distributed.<\/li>\n<\/ul>\n","post_title":"FTX Japan Reopens Allowing Crypto And Fiat Withdrawals For Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-japan-reopens-allowing-crypto-and-fiat-withdrawals-for-investors","to_ping":"","pinged":"","post_modified":"2023-02-22 13:11:04","post_modified_gmt":"2023-02-22 02:11:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10013","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9964,"post_author":"16","post_date":"2023-02-19 22:37:19","post_date_gmt":"2023-02-19 11:37:19","post_content":"\n
If you are a fan of Final Fantasy, Tomb Raider, or Nier: Automata, the name Square Enix<\/a> is not unfamiliar to you. Recently, this popular Japanese game company has \"teased\" its first blockchain game.<\/p>\n\n\n\n
\n
Symbiogenesis is the new game name announced by this company, of course, the items exchanged in the game will be NFTized. Square Enix promises the game to bring an extremely unique experience to players with a lot of content for players to explore.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Play To Earn \u2013 Is The Future Of Gaming On The Blockchain?<\/a><\/p>\n\n\n\n
\n
The Japanese company's chosen platform is Polygon, with the advantages of fast transactions, low fees, safety, and good user experience. Polygon is a strategic step for Square Enix to join the ranks of major blockchain game companies worldwide.
<\/li>\n\n\n\n
This is a great opportunity for investors and gamers interested in Square Enix games. With its reputation, the \"giant from Japan\" quickly created a buzz in the market even though the game has not been released, this is a signal of the community's interest in this new project.
<\/li>\n\n\n\n
In recent years Japan has been promoting the blockchain industry<\/a>, rolling out plans to attract web 3, metaverse, etc. This is why Square Enix chose 2023 as the year to launch the project with maximum benefits received from support packages and at the same time, catch the wave of the era 2022 - 2025.<\/li>\n<\/ul>\n","post_title":"Community Awaiting The Arrival Of Square Enix's First Blockchain Game","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"community-awaiting-the-arrival-of-square-enixs-first-blockchain-game","to_ping":"","pinged":"","post_modified":"2023-02-19 22:37:23","post_modified_gmt":"2023-02-19 11:37:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9964","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9815,"post_author":"16","post_date":"2023-02-07 22:16:18","post_date_gmt":"2023-02-07 11:16:18","post_content":"\n
Recently, a former member of the Monetary Policy Committee at the People's Bank of China (PBoC), Huang Yiping called for Beijing to change its ban on cryptocurrencies in the country.<\/p>\n\n\n\n
\n
The economist thinks that the permanent ban on cryptocurrencies is only beneficial in the short term. Still, according to a long-term plan, it greatly affects China seizing big opportunities in the future. At the same time, this action will make China's FinTech industry backward in the future.
<\/li>\n\n\n\n
Although China is focusing on bringing blockchain technology into everyday life, the country is still famous for its \u201cblockchain, not Bitcoin\u201d stance. At the same time, the Chinese government has shown some hostility towards cryptocurrencies, eventually banning virtually all crypto transactions by 2021.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n\n\n\n
\n
If Mr Huang Yiping's proposal is approved, this will be a good sign for investors in China. Despite the ban, China remains the world's second-largest Bitcoin mining country as of January 2022, showing that a large crypto community still exists.
<\/li>\n\n\n\n
Some Chinese investors think that the government's ban only prohibits the trading of cryptocurrencies, but does not actually ban ownership of this virtual asset, so mining and holding here is completely legal.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n","post_title":"Economist Huang Yiping Urges China To Re-Evaluate Its Cryptocurrency Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"economist-huang-yiping-urges-china-to-re-evaluate-its-cryptocurrency-ban","to_ping":"","pinged":"","post_modified":"2023-02-07 22:16:26","post_modified_gmt":"2023-02-07 11:16:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9815","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Business

FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot

April 14, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
This is also a rare opportunity for Web 3 companies in Hong Kong, previously Hong Kong has announced that it will attract and support more than 1000 start-ups<\/a> in this field.
<\/li>\n\n\n\n
This is also the step that Chan has set for Hong Kong to become Asia's cryptocurrency center<\/a>. Now Hong Kong is like a \"black horse\" in the Asian market, and in the future, this city will become the second spear of China next to Beijing to help this country \"breakthrough\" the world market.<\/li>\n<\/ul>\n","post_title":"Hong Kong Invests Over $6.4M Into Web 3 Development","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-invests-over-6-4m-into-web-3-development","to_ping":"","pinged":"","post_modified":"2023-04-10 17:32:36","post_modified_gmt":"2023-04-10 07:32:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10085","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10013,"post_author":"16","post_date":"2023-02-22 13:10:58","post_date_gmt":"2023-02-22 02:10:58","post_content":"\n
FTX Japan announced<\/a> on its official website that customers of FTX Japan can start withdrawing money today, February 21, 2023, at 12:00 (JST).<\/p>\n\n\n\n
\n
Users can initiate withdrawals through the Liquid Japan platform. Liquid Japan<\/a> is a licensed Japanese crypto asset exchange acquired by FTX in 2022. Customers with assets in the account must confirm their balance and transfer it to their Liquid account. FTX Japan customers without a Liquid Japan account must open an account before receiving their assets.
<\/li>\n\n\n\n
According to documents published on December 26, 2022, FTX Japan manages customer deposits for all 14 cryptocurrencies it handles, including BTC and ETH. In addition, the company managed a legal currency balance of about 6.3 billion yen, exceeding customer deposits by about 300 million yen.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX\u2019s Former Executives Subpoenaed By Voyager Creditors To Explain Failed Bailout Attempts<\/a><\/p>\n\n\n\n
\n
FTX Japan adheres to strict rules set forth by the Financial Services Authority and is subject to Japanese laws regarding separate asset management. The agency has managed to minimize the impact of FTX Global's bankruptcy and take steps towards a smooth refund process for customers.<\/li>\n<\/ul>\n\n\n\n
\n
This is good news for investors using FTX in this Asian country, \"Amazing, in the gloom caused by FTX, this is the best decision I've ever seen, Japanese Government Banzai\"<\/em> - the delight of Mr. Dendei who invested 50K$ in FTX, told The Distributed.<\/li>\n<\/ul>\n","post_title":"FTX Japan Reopens Allowing Crypto And Fiat Withdrawals For Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-japan-reopens-allowing-crypto-and-fiat-withdrawals-for-investors","to_ping":"","pinged":"","post_modified":"2023-02-22 13:11:04","post_modified_gmt":"2023-02-22 02:11:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10013","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9964,"post_author":"16","post_date":"2023-02-19 22:37:19","post_date_gmt":"2023-02-19 11:37:19","post_content":"\n
If you are a fan of Final Fantasy, Tomb Raider, or Nier: Automata, the name Square Enix<\/a> is not unfamiliar to you. Recently, this popular Japanese game company has \"teased\" its first blockchain game.<\/p>\n\n\n\n
\n
Symbiogenesis is the new game name announced by this company, of course, the items exchanged in the game will be NFTized. Square Enix promises the game to bring an extremely unique experience to players with a lot of content for players to explore.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Play To Earn \u2013 Is The Future Of Gaming On The Blockchain?<\/a><\/p>\n\n\n\n
\n
The Japanese company's chosen platform is Polygon, with the advantages of fast transactions, low fees, safety, and good user experience. Polygon is a strategic step for Square Enix to join the ranks of major blockchain game companies worldwide.
<\/li>\n\n\n\n
This is a great opportunity for investors and gamers interested in Square Enix games. With its reputation, the \"giant from Japan\" quickly created a buzz in the market even though the game has not been released, this is a signal of the community's interest in this new project.
<\/li>\n\n\n\n
In recent years Japan has been promoting the blockchain industry<\/a>, rolling out plans to attract web 3, metaverse, etc. This is why Square Enix chose 2023 as the year to launch the project with maximum benefits received from support packages and at the same time, catch the wave of the era 2022 - 2025.<\/li>\n<\/ul>\n","post_title":"Community Awaiting The Arrival Of Square Enix's First Blockchain Game","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"community-awaiting-the-arrival-of-square-enixs-first-blockchain-game","to_ping":"","pinged":"","post_modified":"2023-02-19 22:37:23","post_modified_gmt":"2023-02-19 11:37:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9964","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9815,"post_author":"16","post_date":"2023-02-07 22:16:18","post_date_gmt":"2023-02-07 11:16:18","post_content":"\n
Recently, a former member of the Monetary Policy Committee at the People's Bank of China (PBoC), Huang Yiping called for Beijing to change its ban on cryptocurrencies in the country.<\/p>\n\n\n\n
\n
The economist thinks that the permanent ban on cryptocurrencies is only beneficial in the short term. Still, according to a long-term plan, it greatly affects China seizing big opportunities in the future. At the same time, this action will make China's FinTech industry backward in the future.
<\/li>\n\n\n\n
Although China is focusing on bringing blockchain technology into everyday life, the country is still famous for its \u201cblockchain, not Bitcoin\u201d stance. At the same time, the Chinese government has shown some hostility towards cryptocurrencies, eventually banning virtually all crypto transactions by 2021.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n\n\n\n
\n
If Mr Huang Yiping's proposal is approved, this will be a good sign for investors in China. Despite the ban, China remains the world's second-largest Bitcoin mining country as of January 2022, showing that a large crypto community still exists.
<\/li>\n\n\n\n
Some Chinese investors think that the government's ban only prohibits the trading of cryptocurrencies, but does not actually ban ownership of this virtual asset, so mining and holding here is completely legal.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n","post_title":"Economist Huang Yiping Urges China To Re-Evaluate Its Cryptocurrency Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"economist-huang-yiping-urges-china-to-re-evaluate-its-cryptocurrency-ban","to_ping":"","pinged":"","post_modified":"2023-02-07 22:16:26","post_modified_gmt":"2023-02-07 11:16:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9815","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Business

FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot

April 14, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
In the coming time, Hong Kong plans to set up and run a task force on virtual asset development with members from policy agencies, financial regulators, and market participants. The aim is to make recommendations to strengthen the industry's strong and sustainable development.
<\/li>\n\n\n\n
This is also a rare opportunity for Web 3 companies in Hong Kong, previously Hong Kong has announced that it will attract and support more than 1000 start-ups<\/a> in this field.
<\/li>\n\n\n\n
This is also the step that Chan has set for Hong Kong to become Asia's cryptocurrency center<\/a>. Now Hong Kong is like a \"black horse\" in the Asian market, and in the future, this city will become the second spear of China next to Beijing to help this country \"breakthrough\" the world market.<\/li>\n<\/ul>\n","post_title":"Hong Kong Invests Over $6.4M Into Web 3 Development","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-invests-over-6-4m-into-web-3-development","to_ping":"","pinged":"","post_modified":"2023-04-10 17:32:36","post_modified_gmt":"2023-04-10 07:32:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10085","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10013,"post_author":"16","post_date":"2023-02-22 13:10:58","post_date_gmt":"2023-02-22 02:10:58","post_content":"\n
FTX Japan announced<\/a> on its official website that customers of FTX Japan can start withdrawing money today, February 21, 2023, at 12:00 (JST).<\/p>\n\n\n\n
\n
Users can initiate withdrawals through the Liquid Japan platform. Liquid Japan<\/a> is a licensed Japanese crypto asset exchange acquired by FTX in 2022. Customers with assets in the account must confirm their balance and transfer it to their Liquid account. FTX Japan customers without a Liquid Japan account must open an account before receiving their assets.
<\/li>\n\n\n\n
According to documents published on December 26, 2022, FTX Japan manages customer deposits for all 14 cryptocurrencies it handles, including BTC and ETH. In addition, the company managed a legal currency balance of about 6.3 billion yen, exceeding customer deposits by about 300 million yen.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX\u2019s Former Executives Subpoenaed By Voyager Creditors To Explain Failed Bailout Attempts<\/a><\/p>\n\n\n\n
\n
FTX Japan adheres to strict rules set forth by the Financial Services Authority and is subject to Japanese laws regarding separate asset management. The agency has managed to minimize the impact of FTX Global's bankruptcy and take steps towards a smooth refund process for customers.<\/li>\n<\/ul>\n\n\n\n
\n
This is good news for investors using FTX in this Asian country, \"Amazing, in the gloom caused by FTX, this is the best decision I've ever seen, Japanese Government Banzai\"<\/em> - the delight of Mr. Dendei who invested 50K$ in FTX, told The Distributed.<\/li>\n<\/ul>\n","post_title":"FTX Japan Reopens Allowing Crypto And Fiat Withdrawals For Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-japan-reopens-allowing-crypto-and-fiat-withdrawals-for-investors","to_ping":"","pinged":"","post_modified":"2023-02-22 13:11:04","post_modified_gmt":"2023-02-22 02:11:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10013","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9964,"post_author":"16","post_date":"2023-02-19 22:37:19","post_date_gmt":"2023-02-19 11:37:19","post_content":"\n
If you are a fan of Final Fantasy, Tomb Raider, or Nier: Automata, the name Square Enix<\/a> is not unfamiliar to you. Recently, this popular Japanese game company has \"teased\" its first blockchain game.<\/p>\n\n\n\n
\n
Symbiogenesis is the new game name announced by this company, of course, the items exchanged in the game will be NFTized. Square Enix promises the game to bring an extremely unique experience to players with a lot of content for players to explore.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Play To Earn \u2013 Is The Future Of Gaming On The Blockchain?<\/a><\/p>\n\n\n\n
\n
The Japanese company's chosen platform is Polygon, with the advantages of fast transactions, low fees, safety, and good user experience. Polygon is a strategic step for Square Enix to join the ranks of major blockchain game companies worldwide.
<\/li>\n\n\n\n
This is a great opportunity for investors and gamers interested in Square Enix games. With its reputation, the \"giant from Japan\" quickly created a buzz in the market even though the game has not been released, this is a signal of the community's interest in this new project.
<\/li>\n\n\n\n
In recent years Japan has been promoting the blockchain industry<\/a>, rolling out plans to attract web 3, metaverse, etc. This is why Square Enix chose 2023 as the year to launch the project with maximum benefits received from support packages and at the same time, catch the wave of the era 2022 - 2025.<\/li>\n<\/ul>\n","post_title":"Community Awaiting The Arrival Of Square Enix's First Blockchain Game","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"community-awaiting-the-arrival-of-square-enixs-first-blockchain-game","to_ping":"","pinged":"","post_modified":"2023-02-19 22:37:23","post_modified_gmt":"2023-02-19 11:37:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9964","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9815,"post_author":"16","post_date":"2023-02-07 22:16:18","post_date_gmt":"2023-02-07 11:16:18","post_content":"\n
Recently, a former member of the Monetary Policy Committee at the People's Bank of China (PBoC), Huang Yiping called for Beijing to change its ban on cryptocurrencies in the country.<\/p>\n\n\n\n
\n
The economist thinks that the permanent ban on cryptocurrencies is only beneficial in the short term. Still, according to a long-term plan, it greatly affects China seizing big opportunities in the future. At the same time, this action will make China's FinTech industry backward in the future.
<\/li>\n\n\n\n
Although China is focusing on bringing blockchain technology into everyday life, the country is still famous for its \u201cblockchain, not Bitcoin\u201d stance. At the same time, the Chinese government has shown some hostility towards cryptocurrencies, eventually banning virtually all crypto transactions by 2021.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n\n\n\n
\n
If Mr Huang Yiping's proposal is approved, this will be a good sign for investors in China. Despite the ban, China remains the world's second-largest Bitcoin mining country as of January 2022, showing that a large crypto community still exists.
<\/li>\n\n\n\n
Some Chinese investors think that the government's ban only prohibits the trading of cryptocurrencies, but does not actually ban ownership of this virtual asset, so mining and holding here is completely legal.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n","post_title":"Economist Huang Yiping Urges China To Re-Evaluate Its Cryptocurrency Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"economist-huang-yiping-urges-china-to-re-evaluate-its-cryptocurrency-ban","to_ping":"","pinged":"","post_modified":"2023-02-07 22:16:26","post_modified_gmt":"2023-02-07 11:16:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9815","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Business

FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot

April 14, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Paul Chan, Hong Kong's Finance Minister, said the government will allocate HKD 50 million (about $6.37 million) to build the Web3 ecosystem. This was presented by him in the annual report at the Legislative Council of the Hong Kong Special Administrative Region. Chan commented that Web3 is in the startup stage with great potential. Therefore, Hong Kong needs to \"catch up with the times and seize the golden opportunity<\/em>\" to lead innovation development.
<\/li>\n\n\n\n
In the coming time, Hong Kong plans to set up and run a task force on virtual asset development with members from policy agencies, financial regulators, and market participants. The aim is to make recommendations to strengthen the industry's strong and sustainable development.
<\/li>\n\n\n\n
This is also a rare opportunity for Web 3 companies in Hong Kong, previously Hong Kong has announced that it will attract and support more than 1000 start-ups<\/a> in this field.
<\/li>\n\n\n\n
This is also the step that Chan has set for Hong Kong to become Asia's cryptocurrency center<\/a>. Now Hong Kong is like a \"black horse\" in the Asian market, and in the future, this city will become the second spear of China next to Beijing to help this country \"breakthrough\" the world market.<\/li>\n<\/ul>\n","post_title":"Hong Kong Invests Over $6.4M Into Web 3 Development","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-invests-over-6-4m-into-web-3-development","to_ping":"","pinged":"","post_modified":"2023-04-10 17:32:36","post_modified_gmt":"2023-04-10 07:32:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10085","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10013,"post_author":"16","post_date":"2023-02-22 13:10:58","post_date_gmt":"2023-02-22 02:10:58","post_content":"\n
FTX Japan announced<\/a> on its official website that customers of FTX Japan can start withdrawing money today, February 21, 2023, at 12:00 (JST).<\/p>\n\n\n\n
\n
Users can initiate withdrawals through the Liquid Japan platform. Liquid Japan<\/a> is a licensed Japanese crypto asset exchange acquired by FTX in 2022. Customers with assets in the account must confirm their balance and transfer it to their Liquid account. FTX Japan customers without a Liquid Japan account must open an account before receiving their assets.
<\/li>\n\n\n\n
According to documents published on December 26, 2022, FTX Japan manages customer deposits for all 14 cryptocurrencies it handles, including BTC and ETH. In addition, the company managed a legal currency balance of about 6.3 billion yen, exceeding customer deposits by about 300 million yen.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX\u2019s Former Executives Subpoenaed By Voyager Creditors To Explain Failed Bailout Attempts<\/a><\/p>\n\n\n\n
\n
FTX Japan adheres to strict rules set forth by the Financial Services Authority and is subject to Japanese laws regarding separate asset management. The agency has managed to minimize the impact of FTX Global's bankruptcy and take steps towards a smooth refund process for customers.<\/li>\n<\/ul>\n\n\n\n
\n
This is good news for investors using FTX in this Asian country, \"Amazing, in the gloom caused by FTX, this is the best decision I've ever seen, Japanese Government Banzai\"<\/em> - the delight of Mr. Dendei who invested 50K$ in FTX, told The Distributed.<\/li>\n<\/ul>\n","post_title":"FTX Japan Reopens Allowing Crypto And Fiat Withdrawals For Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-japan-reopens-allowing-crypto-and-fiat-withdrawals-for-investors","to_ping":"","pinged":"","post_modified":"2023-02-22 13:11:04","post_modified_gmt":"2023-02-22 02:11:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10013","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9964,"post_author":"16","post_date":"2023-02-19 22:37:19","post_date_gmt":"2023-02-19 11:37:19","post_content":"\n
If you are a fan of Final Fantasy, Tomb Raider, or Nier: Automata, the name Square Enix<\/a> is not unfamiliar to you. Recently, this popular Japanese game company has \"teased\" its first blockchain game.<\/p>\n\n\n\n
\n
Symbiogenesis is the new game name announced by this company, of course, the items exchanged in the game will be NFTized. Square Enix promises the game to bring an extremely unique experience to players with a lot of content for players to explore.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Play To Earn \u2013 Is The Future Of Gaming On The Blockchain?<\/a><\/p>\n\n\n\n
\n
The Japanese company's chosen platform is Polygon, with the advantages of fast transactions, low fees, safety, and good user experience. Polygon is a strategic step for Square Enix to join the ranks of major blockchain game companies worldwide.
<\/li>\n\n\n\n
This is a great opportunity for investors and gamers interested in Square Enix games. With its reputation, the \"giant from Japan\" quickly created a buzz in the market even though the game has not been released, this is a signal of the community's interest in this new project.
<\/li>\n\n\n\n
In recent years Japan has been promoting the blockchain industry<\/a>, rolling out plans to attract web 3, metaverse, etc. This is why Square Enix chose 2023 as the year to launch the project with maximum benefits received from support packages and at the same time, catch the wave of the era 2022 - 2025.<\/li>\n<\/ul>\n","post_title":"Community Awaiting The Arrival Of Square Enix's First Blockchain Game","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"community-awaiting-the-arrival-of-square-enixs-first-blockchain-game","to_ping":"","pinged":"","post_modified":"2023-02-19 22:37:23","post_modified_gmt":"2023-02-19 11:37:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9964","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9815,"post_author":"16","post_date":"2023-02-07 22:16:18","post_date_gmt":"2023-02-07 11:16:18","post_content":"\n
Recently, a former member of the Monetary Policy Committee at the People's Bank of China (PBoC), Huang Yiping called for Beijing to change its ban on cryptocurrencies in the country.<\/p>\n\n\n\n
\n
The economist thinks that the permanent ban on cryptocurrencies is only beneficial in the short term. Still, according to a long-term plan, it greatly affects China seizing big opportunities in the future. At the same time, this action will make China's FinTech industry backward in the future.
<\/li>\n\n\n\n
Although China is focusing on bringing blockchain technology into everyday life, the country is still famous for its \u201cblockchain, not Bitcoin\u201d stance. At the same time, the Chinese government has shown some hostility towards cryptocurrencies, eventually banning virtually all crypto transactions by 2021.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n\n\n\n
\n
If Mr Huang Yiping's proposal is approved, this will be a good sign for investors in China. Despite the ban, China remains the world's second-largest Bitcoin mining country as of January 2022, showing that a large crypto community still exists.
<\/li>\n\n\n\n
Some Chinese investors think that the government's ban only prohibits the trading of cryptocurrencies, but does not actually ban ownership of this virtual asset, so mining and holding here is completely legal.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n","post_title":"Economist Huang Yiping Urges China To Re-Evaluate Its Cryptocurrency Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"economist-huang-yiping-urges-china-to-re-evaluate-its-cryptocurrency-ban","to_ping":"","pinged":"","post_modified":"2023-02-07 22:16:26","post_modified_gmt":"2023-02-07 11:16:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9815","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Business

FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot

April 14, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
Paul Chan, Hong Kong's Finance Minister, said the government will allocate HKD 50 million (about $6.37 million) to build the Web3 ecosystem. This was presented by him in the annual report at the Legislative Council of the Hong Kong Special Administrative Region. Chan commented that Web3 is in the startup stage with great potential. Therefore, Hong Kong needs to \"catch up with the times and seize the golden opportunity<\/em>\" to lead innovation development.
<\/li>\n\n\n\n
In the coming time, Hong Kong plans to set up and run a task force on virtual asset development with members from policy agencies, financial regulators, and market participants. The aim is to make recommendations to strengthen the industry's strong and sustainable development.
<\/li>\n\n\n\n
This is also a rare opportunity for Web 3 companies in Hong Kong, previously Hong Kong has announced that it will attract and support more than 1000 start-ups<\/a> in this field.
<\/li>\n\n\n\n
This is also the step that Chan has set for Hong Kong to become Asia's cryptocurrency center<\/a>. Now Hong Kong is like a \"black horse\" in the Asian market, and in the future, this city will become the second spear of China next to Beijing to help this country \"breakthrough\" the world market.<\/li>\n<\/ul>\n","post_title":"Hong Kong Invests Over $6.4M Into Web 3 Development","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-invests-over-6-4m-into-web-3-development","to_ping":"","pinged":"","post_modified":"2023-04-10 17:32:36","post_modified_gmt":"2023-04-10 07:32:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10085","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10013,"post_author":"16","post_date":"2023-02-22 13:10:58","post_date_gmt":"2023-02-22 02:10:58","post_content":"\n
FTX Japan announced<\/a> on its official website that customers of FTX Japan can start withdrawing money today, February 21, 2023, at 12:00 (JST).<\/p>\n\n\n\n
\n
Users can initiate withdrawals through the Liquid Japan platform. Liquid Japan<\/a> is a licensed Japanese crypto asset exchange acquired by FTX in 2022. Customers with assets in the account must confirm their balance and transfer it to their Liquid account. FTX Japan customers without a Liquid Japan account must open an account before receiving their assets.
<\/li>\n\n\n\n
According to documents published on December 26, 2022, FTX Japan manages customer deposits for all 14 cryptocurrencies it handles, including BTC and ETH. In addition, the company managed a legal currency balance of about 6.3 billion yen, exceeding customer deposits by about 300 million yen.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX\u2019s Former Executives Subpoenaed By Voyager Creditors To Explain Failed Bailout Attempts<\/a><\/p>\n\n\n\n
\n
FTX Japan adheres to strict rules set forth by the Financial Services Authority and is subject to Japanese laws regarding separate asset management. The agency has managed to minimize the impact of FTX Global's bankruptcy and take steps towards a smooth refund process for customers.<\/li>\n<\/ul>\n\n\n\n
\n
This is good news for investors using FTX in this Asian country, \"Amazing, in the gloom caused by FTX, this is the best decision I've ever seen, Japanese Government Banzai\"<\/em> - the delight of Mr. Dendei who invested 50K$ in FTX, told The Distributed.<\/li>\n<\/ul>\n","post_title":"FTX Japan Reopens Allowing Crypto And Fiat Withdrawals For Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-japan-reopens-allowing-crypto-and-fiat-withdrawals-for-investors","to_ping":"","pinged":"","post_modified":"2023-02-22 13:11:04","post_modified_gmt":"2023-02-22 02:11:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10013","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9964,"post_author":"16","post_date":"2023-02-19 22:37:19","post_date_gmt":"2023-02-19 11:37:19","post_content":"\n
If you are a fan of Final Fantasy, Tomb Raider, or Nier: Automata, the name Square Enix<\/a> is not unfamiliar to you. Recently, this popular Japanese game company has \"teased\" its first blockchain game.<\/p>\n\n\n\n
\n
Symbiogenesis is the new game name announced by this company, of course, the items exchanged in the game will be NFTized. Square Enix promises the game to bring an extremely unique experience to players with a lot of content for players to explore.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Play To Earn \u2013 Is The Future Of Gaming On The Blockchain?<\/a><\/p>\n\n\n\n
\n
The Japanese company's chosen platform is Polygon, with the advantages of fast transactions, low fees, safety, and good user experience. Polygon is a strategic step for Square Enix to join the ranks of major blockchain game companies worldwide.
<\/li>\n\n\n\n
This is a great opportunity for investors and gamers interested in Square Enix games. With its reputation, the \"giant from Japan\" quickly created a buzz in the market even though the game has not been released, this is a signal of the community's interest in this new project.
<\/li>\n\n\n\n
In recent years Japan has been promoting the blockchain industry<\/a>, rolling out plans to attract web 3, metaverse, etc. This is why Square Enix chose 2023 as the year to launch the project with maximum benefits received from support packages and at the same time, catch the wave of the era 2022 - 2025.<\/li>\n<\/ul>\n","post_title":"Community Awaiting The Arrival Of Square Enix's First Blockchain Game","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"community-awaiting-the-arrival-of-square-enixs-first-blockchain-game","to_ping":"","pinged":"","post_modified":"2023-02-19 22:37:23","post_modified_gmt":"2023-02-19 11:37:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9964","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9815,"post_author":"16","post_date":"2023-02-07 22:16:18","post_date_gmt":"2023-02-07 11:16:18","post_content":"\n
Recently, a former member of the Monetary Policy Committee at the People's Bank of China (PBoC), Huang Yiping called for Beijing to change its ban on cryptocurrencies in the country.<\/p>\n\n\n\n
\n
The economist thinks that the permanent ban on cryptocurrencies is only beneficial in the short term. Still, according to a long-term plan, it greatly affects China seizing big opportunities in the future. At the same time, this action will make China's FinTech industry backward in the future.
<\/li>\n\n\n\n
Although China is focusing on bringing blockchain technology into everyday life, the country is still famous for its \u201cblockchain, not Bitcoin\u201d stance. At the same time, the Chinese government has shown some hostility towards cryptocurrencies, eventually banning virtually all crypto transactions by 2021.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n\n\n\n
\n
If Mr Huang Yiping's proposal is approved, this will be a good sign for investors in China. Despite the ban, China remains the world's second-largest Bitcoin mining country as of January 2022, showing that a large crypto community still exists.
<\/li>\n\n\n\n
Some Chinese investors think that the government's ban only prohibits the trading of cryptocurrencies, but does not actually ban ownership of this virtual asset, so mining and holding here is completely legal.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n","post_title":"Economist Huang Yiping Urges China To Re-Evaluate Its Cryptocurrency Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"economist-huang-yiping-urges-china-to-re-evaluate-its-cryptocurrency-ban","to_ping":"","pinged":"","post_modified":"2023-02-07 22:16:26","post_modified_gmt":"2023-02-07 11:16:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9815","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Business

FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot

April 14, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
On February 22, Hong Kong announced an investment of $6.3 million to develop the Web 3 ecosystem here.<\/p>\n\n\n\n
\n
Paul Chan, Hong Kong's Finance Minister, said the government will allocate HKD 50 million (about $6.37 million) to build the Web3 ecosystem. This was presented by him in the annual report at the Legislative Council of the Hong Kong Special Administrative Region. Chan commented that Web3 is in the startup stage with great potential. Therefore, Hong Kong needs to \"catch up with the times and seize the golden opportunity<\/em>\" to lead innovation development.
<\/li>\n\n\n\n
In the coming time, Hong Kong plans to set up and run a task force on virtual asset development with members from policy agencies, financial regulators, and market participants. The aim is to make recommendations to strengthen the industry's strong and sustainable development.
<\/li>\n\n\n\n
This is also a rare opportunity for Web 3 companies in Hong Kong, previously Hong Kong has announced that it will attract and support more than 1000 start-ups<\/a> in this field.
<\/li>\n\n\n\n
This is also the step that Chan has set for Hong Kong to become Asia's cryptocurrency center<\/a>. Now Hong Kong is like a \"black horse\" in the Asian market, and in the future, this city will become the second spear of China next to Beijing to help this country \"breakthrough\" the world market.<\/li>\n<\/ul>\n","post_title":"Hong Kong Invests Over $6.4M Into Web 3 Development","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-invests-over-6-4m-into-web-3-development","to_ping":"","pinged":"","post_modified":"2023-04-10 17:32:36","post_modified_gmt":"2023-04-10 07:32:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10085","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10013,"post_author":"16","post_date":"2023-02-22 13:10:58","post_date_gmt":"2023-02-22 02:10:58","post_content":"\n
FTX Japan announced<\/a> on its official website that customers of FTX Japan can start withdrawing money today, February 21, 2023, at 12:00 (JST).<\/p>\n\n\n\n
\n
Users can initiate withdrawals through the Liquid Japan platform. Liquid Japan<\/a> is a licensed Japanese crypto asset exchange acquired by FTX in 2022. Customers with assets in the account must confirm their balance and transfer it to their Liquid account. FTX Japan customers without a Liquid Japan account must open an account before receiving their assets.
<\/li>\n\n\n\n
According to documents published on December 26, 2022, FTX Japan manages customer deposits for all 14 cryptocurrencies it handles, including BTC and ETH. In addition, the company managed a legal currency balance of about 6.3 billion yen, exceeding customer deposits by about 300 million yen.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX\u2019s Former Executives Subpoenaed By Voyager Creditors To Explain Failed Bailout Attempts<\/a><\/p>\n\n\n\n
\n
FTX Japan adheres to strict rules set forth by the Financial Services Authority and is subject to Japanese laws regarding separate asset management. The agency has managed to minimize the impact of FTX Global's bankruptcy and take steps towards a smooth refund process for customers.<\/li>\n<\/ul>\n\n\n\n
\n
This is good news for investors using FTX in this Asian country, \"Amazing, in the gloom caused by FTX, this is the best decision I've ever seen, Japanese Government Banzai\"<\/em> - the delight of Mr. Dendei who invested 50K$ in FTX, told The Distributed.<\/li>\n<\/ul>\n","post_title":"FTX Japan Reopens Allowing Crypto And Fiat Withdrawals For Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-japan-reopens-allowing-crypto-and-fiat-withdrawals-for-investors","to_ping":"","pinged":"","post_modified":"2023-02-22 13:11:04","post_modified_gmt":"2023-02-22 02:11:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10013","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9964,"post_author":"16","post_date":"2023-02-19 22:37:19","post_date_gmt":"2023-02-19 11:37:19","post_content":"\n
If you are a fan of Final Fantasy, Tomb Raider, or Nier: Automata, the name Square Enix<\/a> is not unfamiliar to you. Recently, this popular Japanese game company has \"teased\" its first blockchain game.<\/p>\n\n\n\n
\n
Symbiogenesis is the new game name announced by this company, of course, the items exchanged in the game will be NFTized. Square Enix promises the game to bring an extremely unique experience to players with a lot of content for players to explore.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Play To Earn \u2013 Is The Future Of Gaming On The Blockchain?<\/a><\/p>\n\n\n\n
\n
The Japanese company's chosen platform is Polygon, with the advantages of fast transactions, low fees, safety, and good user experience. Polygon is a strategic step for Square Enix to join the ranks of major blockchain game companies worldwide.
<\/li>\n\n\n\n
This is a great opportunity for investors and gamers interested in Square Enix games. With its reputation, the \"giant from Japan\" quickly created a buzz in the market even though the game has not been released, this is a signal of the community's interest in this new project.
<\/li>\n\n\n\n
In recent years Japan has been promoting the blockchain industry<\/a>, rolling out plans to attract web 3, metaverse, etc. This is why Square Enix chose 2023 as the year to launch the project with maximum benefits received from support packages and at the same time, catch the wave of the era 2022 - 2025.<\/li>\n<\/ul>\n","post_title":"Community Awaiting The Arrival Of Square Enix's First Blockchain Game","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"community-awaiting-the-arrival-of-square-enixs-first-blockchain-game","to_ping":"","pinged":"","post_modified":"2023-02-19 22:37:23","post_modified_gmt":"2023-02-19 11:37:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9964","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9815,"post_author":"16","post_date":"2023-02-07 22:16:18","post_date_gmt":"2023-02-07 11:16:18","post_content":"\n
Recently, a former member of the Monetary Policy Committee at the People's Bank of China (PBoC), Huang Yiping called for Beijing to change its ban on cryptocurrencies in the country.<\/p>\n\n\n\n
\n
The economist thinks that the permanent ban on cryptocurrencies is only beneficial in the short term. Still, according to a long-term plan, it greatly affects China seizing big opportunities in the future. At the same time, this action will make China's FinTech industry backward in the future.
<\/li>\n\n\n\n
Although China is focusing on bringing blockchain technology into everyday life, the country is still famous for its \u201cblockchain, not Bitcoin\u201d stance. At the same time, the Chinese government has shown some hostility towards cryptocurrencies, eventually banning virtually all crypto transactions by 2021.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n\n\n\n
\n
If Mr Huang Yiping's proposal is approved, this will be a good sign for investors in China. Despite the ban, China remains the world's second-largest Bitcoin mining country as of January 2022, showing that a large crypto community still exists.
<\/li>\n\n\n\n
Some Chinese investors think that the government's ban only prohibits the trading of cryptocurrencies, but does not actually ban ownership of this virtual asset, so mining and holding here is completely legal.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n","post_title":"Economist Huang Yiping Urges China To Re-Evaluate Its Cryptocurrency Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"economist-huang-yiping-urges-china-to-re-evaluate-its-cryptocurrency-ban","to_ping":"","pinged":"","post_modified":"2023-02-07 22:16:26","post_modified_gmt":"2023-02-07 11:16:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9815","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Business

FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot

April 14, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631241581822095360\n<\/div><\/figure>\n","post_title":"Indonesia Set To Launch A State-Backed Crypto Exchange In Mid 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"indonesia-set-to-launch-a-state-backed-crypto-exchange-in-mid-2023","to_ping":"","pinged":"","post_modified":"2023-03-02 21:48:15","post_modified_gmt":"2023-03-02 10:48:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10085,"post_author":"16","post_date":"2023-02-28 00:17:15","post_date_gmt":"2023-02-27 13:17:15","post_content":"\n
On February 22, Hong Kong announced an investment of $6.3 million to develop the Web 3 ecosystem here.<\/p>\n\n\n\n
\n
Paul Chan, Hong Kong's Finance Minister, said the government will allocate HKD 50 million (about $6.37 million) to build the Web3 ecosystem. This was presented by him in the annual report at the Legislative Council of the Hong Kong Special Administrative Region. Chan commented that Web3 is in the startup stage with great potential. Therefore, Hong Kong needs to \"catch up with the times and seize the golden opportunity<\/em>\" to lead innovation development.
<\/li>\n\n\n\n
In the coming time, Hong Kong plans to set up and run a task force on virtual asset development with members from policy agencies, financial regulators, and market participants. The aim is to make recommendations to strengthen the industry's strong and sustainable development.
<\/li>\n\n\n\n
This is also a rare opportunity for Web 3 companies in Hong Kong, previously Hong Kong has announced that it will attract and support more than 1000 start-ups<\/a> in this field.
<\/li>\n\n\n\n
This is also the step that Chan has set for Hong Kong to become Asia's cryptocurrency center<\/a>. Now Hong Kong is like a \"black horse\" in the Asian market, and in the future, this city will become the second spear of China next to Beijing to help this country \"breakthrough\" the world market.<\/li>\n<\/ul>\n","post_title":"Hong Kong Invests Over $6.4M Into Web 3 Development","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-invests-over-6-4m-into-web-3-development","to_ping":"","pinged":"","post_modified":"2023-04-10 17:32:36","post_modified_gmt":"2023-04-10 07:32:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10085","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10013,"post_author":"16","post_date":"2023-02-22 13:10:58","post_date_gmt":"2023-02-22 02:10:58","post_content":"\n
FTX Japan announced<\/a> on its official website that customers of FTX Japan can start withdrawing money today, February 21, 2023, at 12:00 (JST).<\/p>\n\n\n\n
\n
Users can initiate withdrawals through the Liquid Japan platform. Liquid Japan<\/a> is a licensed Japanese crypto asset exchange acquired by FTX in 2022. Customers with assets in the account must confirm their balance and transfer it to their Liquid account. FTX Japan customers without a Liquid Japan account must open an account before receiving their assets.
<\/li>\n\n\n\n
According to documents published on December 26, 2022, FTX Japan manages customer deposits for all 14 cryptocurrencies it handles, including BTC and ETH. In addition, the company managed a legal currency balance of about 6.3 billion yen, exceeding customer deposits by about 300 million yen.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX\u2019s Former Executives Subpoenaed By Voyager Creditors To Explain Failed Bailout Attempts<\/a><\/p>\n\n\n\n
\n
FTX Japan adheres to strict rules set forth by the Financial Services Authority and is subject to Japanese laws regarding separate asset management. The agency has managed to minimize the impact of FTX Global's bankruptcy and take steps towards a smooth refund process for customers.<\/li>\n<\/ul>\n\n\n\n
\n
This is good news for investors using FTX in this Asian country, \"Amazing, in the gloom caused by FTX, this is the best decision I've ever seen, Japanese Government Banzai\"<\/em> - the delight of Mr. Dendei who invested 50K$ in FTX, told The Distributed.<\/li>\n<\/ul>\n","post_title":"FTX Japan Reopens Allowing Crypto And Fiat Withdrawals For Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-japan-reopens-allowing-crypto-and-fiat-withdrawals-for-investors","to_ping":"","pinged":"","post_modified":"2023-02-22 13:11:04","post_modified_gmt":"2023-02-22 02:11:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10013","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9964,"post_author":"16","post_date":"2023-02-19 22:37:19","post_date_gmt":"2023-02-19 11:37:19","post_content":"\n
If you are a fan of Final Fantasy, Tomb Raider, or Nier: Automata, the name Square Enix<\/a> is not unfamiliar to you. Recently, this popular Japanese game company has \"teased\" its first blockchain game.<\/p>\n\n\n\n
\n
Symbiogenesis is the new game name announced by this company, of course, the items exchanged in the game will be NFTized. Square Enix promises the game to bring an extremely unique experience to players with a lot of content for players to explore.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Play To Earn \u2013 Is The Future Of Gaming On The Blockchain?<\/a><\/p>\n\n\n\n
\n
The Japanese company's chosen platform is Polygon, with the advantages of fast transactions, low fees, safety, and good user experience. Polygon is a strategic step for Square Enix to join the ranks of major blockchain game companies worldwide.
<\/li>\n\n\n\n
This is a great opportunity for investors and gamers interested in Square Enix games. With its reputation, the \"giant from Japan\" quickly created a buzz in the market even though the game has not been released, this is a signal of the community's interest in this new project.
<\/li>\n\n\n\n
In recent years Japan has been promoting the blockchain industry<\/a>, rolling out plans to attract web 3, metaverse, etc. This is why Square Enix chose 2023 as the year to launch the project with maximum benefits received from support packages and at the same time, catch the wave of the era 2022 - 2025.<\/li>\n<\/ul>\n","post_title":"Community Awaiting The Arrival Of Square Enix's First Blockchain Game","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"community-awaiting-the-arrival-of-square-enixs-first-blockchain-game","to_ping":"","pinged":"","post_modified":"2023-02-19 22:37:23","post_modified_gmt":"2023-02-19 11:37:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9964","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9815,"post_author":"16","post_date":"2023-02-07 22:16:18","post_date_gmt":"2023-02-07 11:16:18","post_content":"\n
Recently, a former member of the Monetary Policy Committee at the People's Bank of China (PBoC), Huang Yiping called for Beijing to change its ban on cryptocurrencies in the country.<\/p>\n\n\n\n
\n
The economist thinks that the permanent ban on cryptocurrencies is only beneficial in the short term. Still, according to a long-term plan, it greatly affects China seizing big opportunities in the future. At the same time, this action will make China's FinTech industry backward in the future.
<\/li>\n\n\n\n
Although China is focusing on bringing blockchain technology into everyday life, the country is still famous for its \u201cblockchain, not Bitcoin\u201d stance. At the same time, the Chinese government has shown some hostility towards cryptocurrencies, eventually banning virtually all crypto transactions by 2021.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n\n\n\n
\n
If Mr Huang Yiping's proposal is approved, this will be a good sign for investors in China. Despite the ban, China remains the world's second-largest Bitcoin mining country as of January 2022, showing that a large crypto community still exists.
<\/li>\n\n\n\n
Some Chinese investors think that the government's ban only prohibits the trading of cryptocurrencies, but does not actually ban ownership of this virtual asset, so mining and holding here is completely legal.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n","post_title":"Economist Huang Yiping Urges China To Re-Evaluate Its Cryptocurrency Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"economist-huang-yiping-urges-china-to-re-evaluate-its-cryptocurrency-ban","to_ping":"","pinged":"","post_modified":"2023-02-07 22:16:26","post_modified_gmt":"2023-02-07 11:16:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9815","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Business

FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot

April 14, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Along with the Indonesian exchange, there are plans to develop a cryptocurrency of its own. This currency is forecasted to be used in life, transportation, and economic categories, which will be launched after the development of the broker is completed.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631241581822095360\n<\/div><\/figure>\n","post_title":"Indonesia Set To Launch A State-Backed Crypto Exchange In Mid 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"indonesia-set-to-launch-a-state-backed-crypto-exchange-in-mid-2023","to_ping":"","pinged":"","post_modified":"2023-03-02 21:48:15","post_modified_gmt":"2023-03-02 10:48:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10085,"post_author":"16","post_date":"2023-02-28 00:17:15","post_date_gmt":"2023-02-27 13:17:15","post_content":"\n
On February 22, Hong Kong announced an investment of $6.3 million to develop the Web 3 ecosystem here.<\/p>\n\n\n\n
\n
Paul Chan, Hong Kong's Finance Minister, said the government will allocate HKD 50 million (about $6.37 million) to build the Web3 ecosystem. This was presented by him in the annual report at the Legislative Council of the Hong Kong Special Administrative Region. Chan commented that Web3 is in the startup stage with great potential. Therefore, Hong Kong needs to \"catch up with the times and seize the golden opportunity<\/em>\" to lead innovation development.
<\/li>\n\n\n\n
In the coming time, Hong Kong plans to set up and run a task force on virtual asset development with members from policy agencies, financial regulators, and market participants. The aim is to make recommendations to strengthen the industry's strong and sustainable development.
<\/li>\n\n\n\n
This is also a rare opportunity for Web 3 companies in Hong Kong, previously Hong Kong has announced that it will attract and support more than 1000 start-ups<\/a> in this field.
<\/li>\n\n\n\n
This is also the step that Chan has set for Hong Kong to become Asia's cryptocurrency center<\/a>. Now Hong Kong is like a \"black horse\" in the Asian market, and in the future, this city will become the second spear of China next to Beijing to help this country \"breakthrough\" the world market.<\/li>\n<\/ul>\n","post_title":"Hong Kong Invests Over $6.4M Into Web 3 Development","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-invests-over-6-4m-into-web-3-development","to_ping":"","pinged":"","post_modified":"2023-04-10 17:32:36","post_modified_gmt":"2023-04-10 07:32:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10085","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10013,"post_author":"16","post_date":"2023-02-22 13:10:58","post_date_gmt":"2023-02-22 02:10:58","post_content":"\n
FTX Japan announced<\/a> on its official website that customers of FTX Japan can start withdrawing money today, February 21, 2023, at 12:00 (JST).<\/p>\n\n\n\n
\n
Users can initiate withdrawals through the Liquid Japan platform. Liquid Japan<\/a> is a licensed Japanese crypto asset exchange acquired by FTX in 2022. Customers with assets in the account must confirm their balance and transfer it to their Liquid account. FTX Japan customers without a Liquid Japan account must open an account before receiving their assets.
<\/li>\n\n\n\n
According to documents published on December 26, 2022, FTX Japan manages customer deposits for all 14 cryptocurrencies it handles, including BTC and ETH. In addition, the company managed a legal currency balance of about 6.3 billion yen, exceeding customer deposits by about 300 million yen.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX\u2019s Former Executives Subpoenaed By Voyager Creditors To Explain Failed Bailout Attempts<\/a><\/p>\n\n\n\n
\n
FTX Japan adheres to strict rules set forth by the Financial Services Authority and is subject to Japanese laws regarding separate asset management. The agency has managed to minimize the impact of FTX Global's bankruptcy and take steps towards a smooth refund process for customers.<\/li>\n<\/ul>\n\n\n\n
\n
This is good news for investors using FTX in this Asian country, \"Amazing, in the gloom caused by FTX, this is the best decision I've ever seen, Japanese Government Banzai\"<\/em> - the delight of Mr. Dendei who invested 50K$ in FTX, told The Distributed.<\/li>\n<\/ul>\n","post_title":"FTX Japan Reopens Allowing Crypto And Fiat Withdrawals For Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-japan-reopens-allowing-crypto-and-fiat-withdrawals-for-investors","to_ping":"","pinged":"","post_modified":"2023-02-22 13:11:04","post_modified_gmt":"2023-02-22 02:11:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10013","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9964,"post_author":"16","post_date":"2023-02-19 22:37:19","post_date_gmt":"2023-02-19 11:37:19","post_content":"\n
If you are a fan of Final Fantasy, Tomb Raider, or Nier: Automata, the name Square Enix<\/a> is not unfamiliar to you. Recently, this popular Japanese game company has \"teased\" its first blockchain game.<\/p>\n\n\n\n
\n
Symbiogenesis is the new game name announced by this company, of course, the items exchanged in the game will be NFTized. Square Enix promises the game to bring an extremely unique experience to players with a lot of content for players to explore.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Play To Earn \u2013 Is The Future Of Gaming On The Blockchain?<\/a><\/p>\n\n\n\n
\n
The Japanese company's chosen platform is Polygon, with the advantages of fast transactions, low fees, safety, and good user experience. Polygon is a strategic step for Square Enix to join the ranks of major blockchain game companies worldwide.
<\/li>\n\n\n\n
This is a great opportunity for investors and gamers interested in Square Enix games. With its reputation, the \"giant from Japan\" quickly created a buzz in the market even though the game has not been released, this is a signal of the community's interest in this new project.
<\/li>\n\n\n\n
In recent years Japan has been promoting the blockchain industry<\/a>, rolling out plans to attract web 3, metaverse, etc. This is why Square Enix chose 2023 as the year to launch the project with maximum benefits received from support packages and at the same time, catch the wave of the era 2022 - 2025.<\/li>\n<\/ul>\n","post_title":"Community Awaiting The Arrival Of Square Enix's First Blockchain Game","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"community-awaiting-the-arrival-of-square-enixs-first-blockchain-game","to_ping":"","pinged":"","post_modified":"2023-02-19 22:37:23","post_modified_gmt":"2023-02-19 11:37:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9964","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9815,"post_author":"16","post_date":"2023-02-07 22:16:18","post_date_gmt":"2023-02-07 11:16:18","post_content":"\n
Recently, a former member of the Monetary Policy Committee at the People's Bank of China (PBoC), Huang Yiping called for Beijing to change its ban on cryptocurrencies in the country.<\/p>\n\n\n\n
\n
The economist thinks that the permanent ban on cryptocurrencies is only beneficial in the short term. Still, according to a long-term plan, it greatly affects China seizing big opportunities in the future. At the same time, this action will make China's FinTech industry backward in the future.
<\/li>\n\n\n\n
Although China is focusing on bringing blockchain technology into everyday life, the country is still famous for its \u201cblockchain, not Bitcoin\u201d stance. At the same time, the Chinese government has shown some hostility towards cryptocurrencies, eventually banning virtually all crypto transactions by 2021.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n\n\n\n
\n
If Mr Huang Yiping's proposal is approved, this will be a good sign for investors in China. Despite the ban, China remains the world's second-largest Bitcoin mining country as of January 2022, showing that a large crypto community still exists.
<\/li>\n\n\n\n
Some Chinese investors think that the government's ban only prohibits the trading of cryptocurrencies, but does not actually ban ownership of this virtual asset, so mining and holding here is completely legal.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n","post_title":"Economist Huang Yiping Urges China To Re-Evaluate Its Cryptocurrency Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"economist-huang-yiping-urges-china-to-re-evaluate-its-cryptocurrency-ban","to_ping":"","pinged":"","post_modified":"2023-02-07 22:16:26","post_modified_gmt":"2023-02-07 11:16:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9815","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Business

FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot

April 14, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Setting the time is an important act of the Indonesian government in building its own exchange. In addition, the government of this country also established a system of regulations to avoid risks and protect customers in this country. The government had previously planned to launch the exchange by the end of 2022, which was delayed due to internal reasons and FTX's problems with the market.<\/p>\n\n\n\n
Along with the Indonesian exchange, there are plans to develop a cryptocurrency of its own. This currency is forecasted to be used in life, transportation, and economic categories, which will be launched after the development of the broker is completed.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631241581822095360\n<\/div><\/figure>\n","post_title":"Indonesia Set To Launch A State-Backed Crypto Exchange In Mid 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"indonesia-set-to-launch-a-state-backed-crypto-exchange-in-mid-2023","to_ping":"","pinged":"","post_modified":"2023-03-02 21:48:15","post_modified_gmt":"2023-03-02 10:48:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10085,"post_author":"16","post_date":"2023-02-28 00:17:15","post_date_gmt":"2023-02-27 13:17:15","post_content":"\n
On February 22, Hong Kong announced an investment of $6.3 million to develop the Web 3 ecosystem here.<\/p>\n\n\n\n
\n
Paul Chan, Hong Kong's Finance Minister, said the government will allocate HKD 50 million (about $6.37 million) to build the Web3 ecosystem. This was presented by him in the annual report at the Legislative Council of the Hong Kong Special Administrative Region. Chan commented that Web3 is in the startup stage with great potential. Therefore, Hong Kong needs to \"catch up with the times and seize the golden opportunity<\/em>\" to lead innovation development.
<\/li>\n\n\n\n
In the coming time, Hong Kong plans to set up and run a task force on virtual asset development with members from policy agencies, financial regulators, and market participants. The aim is to make recommendations to strengthen the industry's strong and sustainable development.
<\/li>\n\n\n\n
This is also a rare opportunity for Web 3 companies in Hong Kong, previously Hong Kong has announced that it will attract and support more than 1000 start-ups<\/a> in this field.
<\/li>\n\n\n\n
This is also the step that Chan has set for Hong Kong to become Asia's cryptocurrency center<\/a>. Now Hong Kong is like a \"black horse\" in the Asian market, and in the future, this city will become the second spear of China next to Beijing to help this country \"breakthrough\" the world market.<\/li>\n<\/ul>\n","post_title":"Hong Kong Invests Over $6.4M Into Web 3 Development","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-invests-over-6-4m-into-web-3-development","to_ping":"","pinged":"","post_modified":"2023-04-10 17:32:36","post_modified_gmt":"2023-04-10 07:32:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10085","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10013,"post_author":"16","post_date":"2023-02-22 13:10:58","post_date_gmt":"2023-02-22 02:10:58","post_content":"\n
FTX Japan announced<\/a> on its official website that customers of FTX Japan can start withdrawing money today, February 21, 2023, at 12:00 (JST).<\/p>\n\n\n\n
\n
Users can initiate withdrawals through the Liquid Japan platform. Liquid Japan<\/a> is a licensed Japanese crypto asset exchange acquired by FTX in 2022. Customers with assets in the account must confirm their balance and transfer it to their Liquid account. FTX Japan customers without a Liquid Japan account must open an account before receiving their assets.
<\/li>\n\n\n\n
According to documents published on December 26, 2022, FTX Japan manages customer deposits for all 14 cryptocurrencies it handles, including BTC and ETH. In addition, the company managed a legal currency balance of about 6.3 billion yen, exceeding customer deposits by about 300 million yen.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX\u2019s Former Executives Subpoenaed By Voyager Creditors To Explain Failed Bailout Attempts<\/a><\/p>\n\n\n\n
\n
FTX Japan adheres to strict rules set forth by the Financial Services Authority and is subject to Japanese laws regarding separate asset management. The agency has managed to minimize the impact of FTX Global's bankruptcy and take steps towards a smooth refund process for customers.<\/li>\n<\/ul>\n\n\n\n
\n
This is good news for investors using FTX in this Asian country, \"Amazing, in the gloom caused by FTX, this is the best decision I've ever seen, Japanese Government Banzai\"<\/em> - the delight of Mr. Dendei who invested 50K$ in FTX, told The Distributed.<\/li>\n<\/ul>\n","post_title":"FTX Japan Reopens Allowing Crypto And Fiat Withdrawals For Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-japan-reopens-allowing-crypto-and-fiat-withdrawals-for-investors","to_ping":"","pinged":"","post_modified":"2023-02-22 13:11:04","post_modified_gmt":"2023-02-22 02:11:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10013","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9964,"post_author":"16","post_date":"2023-02-19 22:37:19","post_date_gmt":"2023-02-19 11:37:19","post_content":"\n
If you are a fan of Final Fantasy, Tomb Raider, or Nier: Automata, the name Square Enix<\/a> is not unfamiliar to you. Recently, this popular Japanese game company has \"teased\" its first blockchain game.<\/p>\n\n\n\n
\n
Symbiogenesis is the new game name announced by this company, of course, the items exchanged in the game will be NFTized. Square Enix promises the game to bring an extremely unique experience to players with a lot of content for players to explore.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Play To Earn \u2013 Is The Future Of Gaming On The Blockchain?<\/a><\/p>\n\n\n\n
\n
The Japanese company's chosen platform is Polygon, with the advantages of fast transactions, low fees, safety, and good user experience. Polygon is a strategic step for Square Enix to join the ranks of major blockchain game companies worldwide.
<\/li>\n\n\n\n
This is a great opportunity for investors and gamers interested in Square Enix games. With its reputation, the \"giant from Japan\" quickly created a buzz in the market even though the game has not been released, this is a signal of the community's interest in this new project.
<\/li>\n\n\n\n
In recent years Japan has been promoting the blockchain industry<\/a>, rolling out plans to attract web 3, metaverse, etc. This is why Square Enix chose 2023 as the year to launch the project with maximum benefits received from support packages and at the same time, catch the wave of the era 2022 - 2025.<\/li>\n<\/ul>\n","post_title":"Community Awaiting The Arrival Of Square Enix's First Blockchain Game","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"community-awaiting-the-arrival-of-square-enixs-first-blockchain-game","to_ping":"","pinged":"","post_modified":"2023-02-19 22:37:23","post_modified_gmt":"2023-02-19 11:37:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9964","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9815,"post_author":"16","post_date":"2023-02-07 22:16:18","post_date_gmt":"2023-02-07 11:16:18","post_content":"\n
Recently, a former member of the Monetary Policy Committee at the People's Bank of China (PBoC), Huang Yiping called for Beijing to change its ban on cryptocurrencies in the country.<\/p>\n\n\n\n
\n
The economist thinks that the permanent ban on cryptocurrencies is only beneficial in the short term. Still, according to a long-term plan, it greatly affects China seizing big opportunities in the future. At the same time, this action will make China's FinTech industry backward in the future.
<\/li>\n\n\n\n
Although China is focusing on bringing blockchain technology into everyday life, the country is still famous for its \u201cblockchain, not Bitcoin\u201d stance. At the same time, the Chinese government has shown some hostility towards cryptocurrencies, eventually banning virtually all crypto transactions by 2021.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n\n\n\n
\n
If Mr Huang Yiping's proposal is approved, this will be a good sign for investors in China. Despite the ban, China remains the world's second-largest Bitcoin mining country as of January 2022, showing that a large crypto community still exists.
<\/li>\n\n\n\n
Some Chinese investors think that the government's ban only prohibits the trading of cryptocurrencies, but does not actually ban ownership of this virtual asset, so mining and holding here is completely legal.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n","post_title":"Economist Huang Yiping Urges China To Re-Evaluate Its Cryptocurrency Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"economist-huang-yiping-urges-china-to-re-evaluate-its-cryptocurrency-ban","to_ping":"","pinged":"","post_modified":"2023-02-07 22:16:26","post_modified_gmt":"2023-02-07 11:16:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9815","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Business

FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot

April 14, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
See Related:<\/em><\/strong> Indonesia Will Have Its Own Practical Crypto Exchange In 2023<\/a><\/p>\n\n\n\n
Setting the time is an important act of the Indonesian government in building its own exchange. In addition, the government of this country also established a system of regulations to avoid risks and protect customers in this country. The government had previously planned to launch the exchange by the end of 2022, which was delayed due to internal reasons and FTX's problems with the market.<\/p>\n\n\n\n
Along with the Indonesian exchange, there are plans to develop a cryptocurrency of its own. This currency is forecasted to be used in life, transportation, and economic categories, which will be launched after the development of the broker is completed.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631241581822095360\n<\/div><\/figure>\n","post_title":"Indonesia Set To Launch A State-Backed Crypto Exchange In Mid 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"indonesia-set-to-launch-a-state-backed-crypto-exchange-in-mid-2023","to_ping":"","pinged":"","post_modified":"2023-03-02 21:48:15","post_modified_gmt":"2023-03-02 10:48:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10085,"post_author":"16","post_date":"2023-02-28 00:17:15","post_date_gmt":"2023-02-27 13:17:15","post_content":"\n
On February 22, Hong Kong announced an investment of $6.3 million to develop the Web 3 ecosystem here.<\/p>\n\n\n\n
\n
Paul Chan, Hong Kong's Finance Minister, said the government will allocate HKD 50 million (about $6.37 million) to build the Web3 ecosystem. This was presented by him in the annual report at the Legislative Council of the Hong Kong Special Administrative Region. Chan commented that Web3 is in the startup stage with great potential. Therefore, Hong Kong needs to \"catch up with the times and seize the golden opportunity<\/em>\" to lead innovation development.
<\/li>\n\n\n\n
In the coming time, Hong Kong plans to set up and run a task force on virtual asset development with members from policy agencies, financial regulators, and market participants. The aim is to make recommendations to strengthen the industry's strong and sustainable development.
<\/li>\n\n\n\n
This is also a rare opportunity for Web 3 companies in Hong Kong, previously Hong Kong has announced that it will attract and support more than 1000 start-ups<\/a> in this field.
<\/li>\n\n\n\n
This is also the step that Chan has set for Hong Kong to become Asia's cryptocurrency center<\/a>. Now Hong Kong is like a \"black horse\" in the Asian market, and in the future, this city will become the second spear of China next to Beijing to help this country \"breakthrough\" the world market.<\/li>\n<\/ul>\n","post_title":"Hong Kong Invests Over $6.4M Into Web 3 Development","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-invests-over-6-4m-into-web-3-development","to_ping":"","pinged":"","post_modified":"2023-04-10 17:32:36","post_modified_gmt":"2023-04-10 07:32:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10085","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10013,"post_author":"16","post_date":"2023-02-22 13:10:58","post_date_gmt":"2023-02-22 02:10:58","post_content":"\n
FTX Japan announced<\/a> on its official website that customers of FTX Japan can start withdrawing money today, February 21, 2023, at 12:00 (JST).<\/p>\n\n\n\n
\n
Users can initiate withdrawals through the Liquid Japan platform. Liquid Japan<\/a> is a licensed Japanese crypto asset exchange acquired by FTX in 2022. Customers with assets in the account must confirm their balance and transfer it to their Liquid account. FTX Japan customers without a Liquid Japan account must open an account before receiving their assets.
<\/li>\n\n\n\n
According to documents published on December 26, 2022, FTX Japan manages customer deposits for all 14 cryptocurrencies it handles, including BTC and ETH. In addition, the company managed a legal currency balance of about 6.3 billion yen, exceeding customer deposits by about 300 million yen.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX\u2019s Former Executives Subpoenaed By Voyager Creditors To Explain Failed Bailout Attempts<\/a><\/p>\n\n\n\n
\n
FTX Japan adheres to strict rules set forth by the Financial Services Authority and is subject to Japanese laws regarding separate asset management. The agency has managed to minimize the impact of FTX Global's bankruptcy and take steps towards a smooth refund process for customers.<\/li>\n<\/ul>\n\n\n\n
\n
This is good news for investors using FTX in this Asian country, \"Amazing, in the gloom caused by FTX, this is the best decision I've ever seen, Japanese Government Banzai\"<\/em> - the delight of Mr. Dendei who invested 50K$ in FTX, told The Distributed.<\/li>\n<\/ul>\n","post_title":"FTX Japan Reopens Allowing Crypto And Fiat Withdrawals For Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-japan-reopens-allowing-crypto-and-fiat-withdrawals-for-investors","to_ping":"","pinged":"","post_modified":"2023-02-22 13:11:04","post_modified_gmt":"2023-02-22 02:11:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10013","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9964,"post_author":"16","post_date":"2023-02-19 22:37:19","post_date_gmt":"2023-02-19 11:37:19","post_content":"\n
If you are a fan of Final Fantasy, Tomb Raider, or Nier: Automata, the name Square Enix<\/a> is not unfamiliar to you. Recently, this popular Japanese game company has \"teased\" its first blockchain game.<\/p>\n\n\n\n
\n
Symbiogenesis is the new game name announced by this company, of course, the items exchanged in the game will be NFTized. Square Enix promises the game to bring an extremely unique experience to players with a lot of content for players to explore.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Play To Earn \u2013 Is The Future Of Gaming On The Blockchain?<\/a><\/p>\n\n\n\n
\n
The Japanese company's chosen platform is Polygon, with the advantages of fast transactions, low fees, safety, and good user experience. Polygon is a strategic step for Square Enix to join the ranks of major blockchain game companies worldwide.
<\/li>\n\n\n\n
This is a great opportunity for investors and gamers interested in Square Enix games. With its reputation, the \"giant from Japan\" quickly created a buzz in the market even though the game has not been released, this is a signal of the community's interest in this new project.
<\/li>\n\n\n\n
In recent years Japan has been promoting the blockchain industry<\/a>, rolling out plans to attract web 3, metaverse, etc. This is why Square Enix chose 2023 as the year to launch the project with maximum benefits received from support packages and at the same time, catch the wave of the era 2022 - 2025.<\/li>\n<\/ul>\n","post_title":"Community Awaiting The Arrival Of Square Enix's First Blockchain Game","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"community-awaiting-the-arrival-of-square-enixs-first-blockchain-game","to_ping":"","pinged":"","post_modified":"2023-02-19 22:37:23","post_modified_gmt":"2023-02-19 11:37:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9964","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9815,"post_author":"16","post_date":"2023-02-07 22:16:18","post_date_gmt":"2023-02-07 11:16:18","post_content":"\n
Recently, a former member of the Monetary Policy Committee at the People's Bank of China (PBoC), Huang Yiping called for Beijing to change its ban on cryptocurrencies in the country.<\/p>\n\n\n\n
\n
The economist thinks that the permanent ban on cryptocurrencies is only beneficial in the short term. Still, according to a long-term plan, it greatly affects China seizing big opportunities in the future. At the same time, this action will make China's FinTech industry backward in the future.
<\/li>\n\n\n\n
Although China is focusing on bringing blockchain technology into everyday life, the country is still famous for its \u201cblockchain, not Bitcoin\u201d stance. At the same time, the Chinese government has shown some hostility towards cryptocurrencies, eventually banning virtually all crypto transactions by 2021.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n\n\n\n
\n
If Mr Huang Yiping's proposal is approved, this will be a good sign for investors in China. Despite the ban, China remains the world's second-largest Bitcoin mining country as of January 2022, showing that a large crypto community still exists.
<\/li>\n\n\n\n
Some Chinese investors think that the government's ban only prohibits the trading of cryptocurrencies, but does not actually ban ownership of this virtual asset, so mining and holding here is completely legal.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n","post_title":"Economist Huang Yiping Urges China To Re-Evaluate Its Cryptocurrency Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"economist-huang-yiping-urges-china-to-re-evaluate-its-cryptocurrency-ban","to_ping":"","pinged":"","post_modified":"2023-02-07 22:16:26","post_modified_gmt":"2023-02-07 11:16:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9815","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Business

FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot

April 14, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Experts and investors believe that the launch of a state-backed electronic exchange will accelerate the development of cryptocurrency stock exchanges in Indonesia.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Indonesia Will Have Its Own Practical Crypto Exchange In 2023<\/a><\/p>\n\n\n\n
Setting the time is an important act of the Indonesian government in building its own exchange. In addition, the government of this country also established a system of regulations to avoid risks and protect customers in this country. The government had previously planned to launch the exchange by the end of 2022, which was delayed due to internal reasons and FTX's problems with the market.<\/p>\n\n\n\n
Along with the Indonesian exchange, there are plans to develop a cryptocurrency of its own. This currency is forecasted to be used in life, transportation, and economic categories, which will be launched after the development of the broker is completed.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631241581822095360\n<\/div><\/figure>\n","post_title":"Indonesia Set To Launch A State-Backed Crypto Exchange In Mid 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"indonesia-set-to-launch-a-state-backed-crypto-exchange-in-mid-2023","to_ping":"","pinged":"","post_modified":"2023-03-02 21:48:15","post_modified_gmt":"2023-03-02 10:48:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10085,"post_author":"16","post_date":"2023-02-28 00:17:15","post_date_gmt":"2023-02-27 13:17:15","post_content":"\n
On February 22, Hong Kong announced an investment of $6.3 million to develop the Web 3 ecosystem here.<\/p>\n\n\n\n
\n
Paul Chan, Hong Kong's Finance Minister, said the government will allocate HKD 50 million (about $6.37 million) to build the Web3 ecosystem. This was presented by him in the annual report at the Legislative Council of the Hong Kong Special Administrative Region. Chan commented that Web3 is in the startup stage with great potential. Therefore, Hong Kong needs to \"catch up with the times and seize the golden opportunity<\/em>\" to lead innovation development.
<\/li>\n\n\n\n
In the coming time, Hong Kong plans to set up and run a task force on virtual asset development with members from policy agencies, financial regulators, and market participants. The aim is to make recommendations to strengthen the industry's strong and sustainable development.
<\/li>\n\n\n\n
This is also a rare opportunity for Web 3 companies in Hong Kong, previously Hong Kong has announced that it will attract and support more than 1000 start-ups<\/a> in this field.
<\/li>\n\n\n\n
This is also the step that Chan has set for Hong Kong to become Asia's cryptocurrency center<\/a>. Now Hong Kong is like a \"black horse\" in the Asian market, and in the future, this city will become the second spear of China next to Beijing to help this country \"breakthrough\" the world market.<\/li>\n<\/ul>\n","post_title":"Hong Kong Invests Over $6.4M Into Web 3 Development","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-invests-over-6-4m-into-web-3-development","to_ping":"","pinged":"","post_modified":"2023-04-10 17:32:36","post_modified_gmt":"2023-04-10 07:32:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10085","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10013,"post_author":"16","post_date":"2023-02-22 13:10:58","post_date_gmt":"2023-02-22 02:10:58","post_content":"\n
FTX Japan announced<\/a> on its official website that customers of FTX Japan can start withdrawing money today, February 21, 2023, at 12:00 (JST).<\/p>\n\n\n\n
\n
Users can initiate withdrawals through the Liquid Japan platform. Liquid Japan<\/a> is a licensed Japanese crypto asset exchange acquired by FTX in 2022. Customers with assets in the account must confirm their balance and transfer it to their Liquid account. FTX Japan customers without a Liquid Japan account must open an account before receiving their assets.
<\/li>\n\n\n\n
According to documents published on December 26, 2022, FTX Japan manages customer deposits for all 14 cryptocurrencies it handles, including BTC and ETH. In addition, the company managed a legal currency balance of about 6.3 billion yen, exceeding customer deposits by about 300 million yen.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX\u2019s Former Executives Subpoenaed By Voyager Creditors To Explain Failed Bailout Attempts<\/a><\/p>\n\n\n\n
\n
FTX Japan adheres to strict rules set forth by the Financial Services Authority and is subject to Japanese laws regarding separate asset management. The agency has managed to minimize the impact of FTX Global's bankruptcy and take steps towards a smooth refund process for customers.<\/li>\n<\/ul>\n\n\n\n
\n
This is good news for investors using FTX in this Asian country, \"Amazing, in the gloom caused by FTX, this is the best decision I've ever seen, Japanese Government Banzai\"<\/em> - the delight of Mr. Dendei who invested 50K$ in FTX, told The Distributed.<\/li>\n<\/ul>\n","post_title":"FTX Japan Reopens Allowing Crypto And Fiat Withdrawals For Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-japan-reopens-allowing-crypto-and-fiat-withdrawals-for-investors","to_ping":"","pinged":"","post_modified":"2023-02-22 13:11:04","post_modified_gmt":"2023-02-22 02:11:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10013","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9964,"post_author":"16","post_date":"2023-02-19 22:37:19","post_date_gmt":"2023-02-19 11:37:19","post_content":"\n
If you are a fan of Final Fantasy, Tomb Raider, or Nier: Automata, the name Square Enix<\/a> is not unfamiliar to you. Recently, this popular Japanese game company has \"teased\" its first blockchain game.<\/p>\n\n\n\n
\n
Symbiogenesis is the new game name announced by this company, of course, the items exchanged in the game will be NFTized. Square Enix promises the game to bring an extremely unique experience to players with a lot of content for players to explore.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Play To Earn \u2013 Is The Future Of Gaming On The Blockchain?<\/a><\/p>\n\n\n\n
\n
The Japanese company's chosen platform is Polygon, with the advantages of fast transactions, low fees, safety, and good user experience. Polygon is a strategic step for Square Enix to join the ranks of major blockchain game companies worldwide.
<\/li>\n\n\n\n
This is a great opportunity for investors and gamers interested in Square Enix games. With its reputation, the \"giant from Japan\" quickly created a buzz in the market even though the game has not been released, this is a signal of the community's interest in this new project.
<\/li>\n\n\n\n
In recent years Japan has been promoting the blockchain industry<\/a>, rolling out plans to attract web 3, metaverse, etc. This is why Square Enix chose 2023 as the year to launch the project with maximum benefits received from support packages and at the same time, catch the wave of the era 2022 - 2025.<\/li>\n<\/ul>\n","post_title":"Community Awaiting The Arrival Of Square Enix's First Blockchain Game","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"community-awaiting-the-arrival-of-square-enixs-first-blockchain-game","to_ping":"","pinged":"","post_modified":"2023-02-19 22:37:23","post_modified_gmt":"2023-02-19 11:37:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9964","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9815,"post_author":"16","post_date":"2023-02-07 22:16:18","post_date_gmt":"2023-02-07 11:16:18","post_content":"\n
Recently, a former member of the Monetary Policy Committee at the People's Bank of China (PBoC), Huang Yiping called for Beijing to change its ban on cryptocurrencies in the country.<\/p>\n\n\n\n
\n
The economist thinks that the permanent ban on cryptocurrencies is only beneficial in the short term. Still, according to a long-term plan, it greatly affects China seizing big opportunities in the future. At the same time, this action will make China's FinTech industry backward in the future.
<\/li>\n\n\n\n
Although China is focusing on bringing blockchain technology into everyday life, the country is still famous for its \u201cblockchain, not Bitcoin\u201d stance. At the same time, the Chinese government has shown some hostility towards cryptocurrencies, eventually banning virtually all crypto transactions by 2021.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n\n\n\n
\n
If Mr Huang Yiping's proposal is approved, this will be a good sign for investors in China. Despite the ban, China remains the world's second-largest Bitcoin mining country as of January 2022, showing that a large crypto community still exists.
<\/li>\n\n\n\n
Some Chinese investors think that the government's ban only prohibits the trading of cryptocurrencies, but does not actually ban ownership of this virtual asset, so mining and holding here is completely legal.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n","post_title":"Economist Huang Yiping Urges China To Re-Evaluate Its Cryptocurrency Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"economist-huang-yiping-urges-china-to-re-evaluate-its-cryptocurrency-ban","to_ping":"","pinged":"","post_modified":"2023-02-07 22:16:26","post_modified_gmt":"2023-02-07 11:16:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9815","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Business

FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot

April 14, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Didid Noordiatmoko, head of Indonesia's Commodity Futures Trading Authority (Bappebti<\/a>), said that the country aims to launch a state-backed cryptocurrency exchange by mid-year. According to Noordiatmoko, the most difficult part for Indonesian authorities in this process is the inability to define a certain standard for the exchange. However, the exchange will be run by a private company.<\/p>\n\n\n\n
Experts and investors believe that the launch of a state-backed electronic exchange will accelerate the development of cryptocurrency stock exchanges in Indonesia.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Indonesia Will Have Its Own Practical Crypto Exchange In 2023<\/a><\/p>\n\n\n\n
Setting the time is an important act of the Indonesian government in building its own exchange. In addition, the government of this country also established a system of regulations to avoid risks and protect customers in this country. The government had previously planned to launch the exchange by the end of 2022, which was delayed due to internal reasons and FTX's problems with the market.<\/p>\n\n\n\n
Along with the Indonesian exchange, there are plans to develop a cryptocurrency of its own. This currency is forecasted to be used in life, transportation, and economic categories, which will be launched after the development of the broker is completed.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631241581822095360\n<\/div><\/figure>\n","post_title":"Indonesia Set To Launch A State-Backed Crypto Exchange In Mid 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"indonesia-set-to-launch-a-state-backed-crypto-exchange-in-mid-2023","to_ping":"","pinged":"","post_modified":"2023-03-02 21:48:15","post_modified_gmt":"2023-03-02 10:48:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10085,"post_author":"16","post_date":"2023-02-28 00:17:15","post_date_gmt":"2023-02-27 13:17:15","post_content":"\n
On February 22, Hong Kong announced an investment of $6.3 million to develop the Web 3 ecosystem here.<\/p>\n\n\n\n
\n
Paul Chan, Hong Kong's Finance Minister, said the government will allocate HKD 50 million (about $6.37 million) to build the Web3 ecosystem. This was presented by him in the annual report at the Legislative Council of the Hong Kong Special Administrative Region. Chan commented that Web3 is in the startup stage with great potential. Therefore, Hong Kong needs to \"catch up with the times and seize the golden opportunity<\/em>\" to lead innovation development.
<\/li>\n\n\n\n
In the coming time, Hong Kong plans to set up and run a task force on virtual asset development with members from policy agencies, financial regulators, and market participants. The aim is to make recommendations to strengthen the industry's strong and sustainable development.
<\/li>\n\n\n\n
This is also a rare opportunity for Web 3 companies in Hong Kong, previously Hong Kong has announced that it will attract and support more than 1000 start-ups<\/a> in this field.
<\/li>\n\n\n\n
This is also the step that Chan has set for Hong Kong to become Asia's cryptocurrency center<\/a>. Now Hong Kong is like a \"black horse\" in the Asian market, and in the future, this city will become the second spear of China next to Beijing to help this country \"breakthrough\" the world market.<\/li>\n<\/ul>\n","post_title":"Hong Kong Invests Over $6.4M Into Web 3 Development","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-invests-over-6-4m-into-web-3-development","to_ping":"","pinged":"","post_modified":"2023-04-10 17:32:36","post_modified_gmt":"2023-04-10 07:32:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10085","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10013,"post_author":"16","post_date":"2023-02-22 13:10:58","post_date_gmt":"2023-02-22 02:10:58","post_content":"\n
FTX Japan announced<\/a> on its official website that customers of FTX Japan can start withdrawing money today, February 21, 2023, at 12:00 (JST).<\/p>\n\n\n\n
\n
Users can initiate withdrawals through the Liquid Japan platform. Liquid Japan<\/a> is a licensed Japanese crypto asset exchange acquired by FTX in 2022. Customers with assets in the account must confirm their balance and transfer it to their Liquid account. FTX Japan customers without a Liquid Japan account must open an account before receiving their assets.
<\/li>\n\n\n\n
According to documents published on December 26, 2022, FTX Japan manages customer deposits for all 14 cryptocurrencies it handles, including BTC and ETH. In addition, the company managed a legal currency balance of about 6.3 billion yen, exceeding customer deposits by about 300 million yen.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX\u2019s Former Executives Subpoenaed By Voyager Creditors To Explain Failed Bailout Attempts<\/a><\/p>\n\n\n\n
\n
FTX Japan adheres to strict rules set forth by the Financial Services Authority and is subject to Japanese laws regarding separate asset management. The agency has managed to minimize the impact of FTX Global's bankruptcy and take steps towards a smooth refund process for customers.<\/li>\n<\/ul>\n\n\n\n
\n
This is good news for investors using FTX in this Asian country, \"Amazing, in the gloom caused by FTX, this is the best decision I've ever seen, Japanese Government Banzai\"<\/em> - the delight of Mr. Dendei who invested 50K$ in FTX, told The Distributed.<\/li>\n<\/ul>\n","post_title":"FTX Japan Reopens Allowing Crypto And Fiat Withdrawals For Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-japan-reopens-allowing-crypto-and-fiat-withdrawals-for-investors","to_ping":"","pinged":"","post_modified":"2023-02-22 13:11:04","post_modified_gmt":"2023-02-22 02:11:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10013","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9964,"post_author":"16","post_date":"2023-02-19 22:37:19","post_date_gmt":"2023-02-19 11:37:19","post_content":"\n
If you are a fan of Final Fantasy, Tomb Raider, or Nier: Automata, the name Square Enix<\/a> is not unfamiliar to you. Recently, this popular Japanese game company has \"teased\" its first blockchain game.<\/p>\n\n\n\n
\n
Symbiogenesis is the new game name announced by this company, of course, the items exchanged in the game will be NFTized. Square Enix promises the game to bring an extremely unique experience to players with a lot of content for players to explore.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Play To Earn \u2013 Is The Future Of Gaming On The Blockchain?<\/a><\/p>\n\n\n\n
\n
The Japanese company's chosen platform is Polygon, with the advantages of fast transactions, low fees, safety, and good user experience. Polygon is a strategic step for Square Enix to join the ranks of major blockchain game companies worldwide.
<\/li>\n\n\n\n
This is a great opportunity for investors and gamers interested in Square Enix games. With its reputation, the \"giant from Japan\" quickly created a buzz in the market even though the game has not been released, this is a signal of the community's interest in this new project.
<\/li>\n\n\n\n
In recent years Japan has been promoting the blockchain industry<\/a>, rolling out plans to attract web 3, metaverse, etc. This is why Square Enix chose 2023 as the year to launch the project with maximum benefits received from support packages and at the same time, catch the wave of the era 2022 - 2025.<\/li>\n<\/ul>\n","post_title":"Community Awaiting The Arrival Of Square Enix's First Blockchain Game","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"community-awaiting-the-arrival-of-square-enixs-first-blockchain-game","to_ping":"","pinged":"","post_modified":"2023-02-19 22:37:23","post_modified_gmt":"2023-02-19 11:37:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9964","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9815,"post_author":"16","post_date":"2023-02-07 22:16:18","post_date_gmt":"2023-02-07 11:16:18","post_content":"\n
Recently, a former member of the Monetary Policy Committee at the People's Bank of China (PBoC), Huang Yiping called for Beijing to change its ban on cryptocurrencies in the country.<\/p>\n\n\n\n
\n
The economist thinks that the permanent ban on cryptocurrencies is only beneficial in the short term. Still, according to a long-term plan, it greatly affects China seizing big opportunities in the future. At the same time, this action will make China's FinTech industry backward in the future.
<\/li>\n\n\n\n
Although China is focusing on bringing blockchain technology into everyday life, the country is still famous for its \u201cblockchain, not Bitcoin\u201d stance. At the same time, the Chinese government has shown some hostility towards cryptocurrencies, eventually banning virtually all crypto transactions by 2021.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n\n\n\n
\n
If Mr Huang Yiping's proposal is approved, this will be a good sign for investors in China. Despite the ban, China remains the world's second-largest Bitcoin mining country as of January 2022, showing that a large crypto community still exists.
<\/li>\n\n\n\n
Some Chinese investors think that the government's ban only prohibits the trading of cryptocurrencies, but does not actually ban ownership of this virtual asset, so mining and holding here is completely legal.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n","post_title":"Economist Huang Yiping Urges China To Re-Evaluate Its Cryptocurrency Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"economist-huang-yiping-urges-china-to-re-evaluate-its-cryptocurrency-ban","to_ping":"","pinged":"","post_modified":"2023-02-07 22:16:26","post_modified_gmt":"2023-02-07 11:16:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9815","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Business

FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot

April 14, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
According to Kemal El Moujahid, Chainlink's product manager, launching Functions will remove a significant hurdle in Web3 adoption. In the words of Moujahid, \u201cWith the launch of Functions, we are removing a major barrier to web3 adoption and helping developers combine smart contracts with the powerful APIs and web2 data sources they need to build Building great apps is easier than ever.\u201d<\/em><\/p>\n","post_title":"Chainlink's New Platform 'Functions' Will Bridge Web2 With Web3 Services Using An API","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlinks-new-platform-functions-will-bridge-web2-with-web3-services-using-an-api","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 17:29:38","post_modified_gmt":"2023-04-10 07:29:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10250","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10147,"post_author":"16","post_date":"2023-03-02 21:48:02","post_date_gmt":"2023-03-02 10:48:02","post_content":"\n
Didid Noordiatmoko, head of Indonesia's Commodity Futures Trading Authority (Bappebti<\/a>), said that the country aims to launch a state-backed cryptocurrency exchange by mid-year. According to Noordiatmoko, the most difficult part for Indonesian authorities in this process is the inability to define a certain standard for the exchange. However, the exchange will be run by a private company.<\/p>\n\n\n\n
Experts and investors believe that the launch of a state-backed electronic exchange will accelerate the development of cryptocurrency stock exchanges in Indonesia.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Indonesia Will Have Its Own Practical Crypto Exchange In 2023<\/a><\/p>\n\n\n\n
Setting the time is an important act of the Indonesian government in building its own exchange. In addition, the government of this country also established a system of regulations to avoid risks and protect customers in this country. The government had previously planned to launch the exchange by the end of 2022, which was delayed due to internal reasons and FTX's problems with the market.<\/p>\n\n\n\n
Along with the Indonesian exchange, there are plans to develop a cryptocurrency of its own. This currency is forecasted to be used in life, transportation, and economic categories, which will be launched after the development of the broker is completed.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631241581822095360\n<\/div><\/figure>\n","post_title":"Indonesia Set To Launch A State-Backed Crypto Exchange In Mid 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"indonesia-set-to-launch-a-state-backed-crypto-exchange-in-mid-2023","to_ping":"","pinged":"","post_modified":"2023-03-02 21:48:15","post_modified_gmt":"2023-03-02 10:48:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10085,"post_author":"16","post_date":"2023-02-28 00:17:15","post_date_gmt":"2023-02-27 13:17:15","post_content":"\n
On February 22, Hong Kong announced an investment of $6.3 million to develop the Web 3 ecosystem here.<\/p>\n\n\n\n
\n
Paul Chan, Hong Kong's Finance Minister, said the government will allocate HKD 50 million (about $6.37 million) to build the Web3 ecosystem. This was presented by him in the annual report at the Legislative Council of the Hong Kong Special Administrative Region. Chan commented that Web3 is in the startup stage with great potential. Therefore, Hong Kong needs to \"catch up with the times and seize the golden opportunity<\/em>\" to lead innovation development.
<\/li>\n\n\n\n
In the coming time, Hong Kong plans to set up and run a task force on virtual asset development with members from policy agencies, financial regulators, and market participants. The aim is to make recommendations to strengthen the industry's strong and sustainable development.
<\/li>\n\n\n\n
This is also a rare opportunity for Web 3 companies in Hong Kong, previously Hong Kong has announced that it will attract and support more than 1000 start-ups<\/a> in this field.
<\/li>\n\n\n\n
This is also the step that Chan has set for Hong Kong to become Asia's cryptocurrency center<\/a>. Now Hong Kong is like a \"black horse\" in the Asian market, and in the future, this city will become the second spear of China next to Beijing to help this country \"breakthrough\" the world market.<\/li>\n<\/ul>\n","post_title":"Hong Kong Invests Over $6.4M Into Web 3 Development","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-invests-over-6-4m-into-web-3-development","to_ping":"","pinged":"","post_modified":"2023-04-10 17:32:36","post_modified_gmt":"2023-04-10 07:32:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10085","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10013,"post_author":"16","post_date":"2023-02-22 13:10:58","post_date_gmt":"2023-02-22 02:10:58","post_content":"\n
FTX Japan announced<\/a> on its official website that customers of FTX Japan can start withdrawing money today, February 21, 2023, at 12:00 (JST).<\/p>\n\n\n\n
\n
Users can initiate withdrawals through the Liquid Japan platform. Liquid Japan<\/a> is a licensed Japanese crypto asset exchange acquired by FTX in 2022. Customers with assets in the account must confirm their balance and transfer it to their Liquid account. FTX Japan customers without a Liquid Japan account must open an account before receiving their assets.
<\/li>\n\n\n\n
According to documents published on December 26, 2022, FTX Japan manages customer deposits for all 14 cryptocurrencies it handles, including BTC and ETH. In addition, the company managed a legal currency balance of about 6.3 billion yen, exceeding customer deposits by about 300 million yen.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX\u2019s Former Executives Subpoenaed By Voyager Creditors To Explain Failed Bailout Attempts<\/a><\/p>\n\n\n\n
\n
FTX Japan adheres to strict rules set forth by the Financial Services Authority and is subject to Japanese laws regarding separate asset management. The agency has managed to minimize the impact of FTX Global's bankruptcy and take steps towards a smooth refund process for customers.<\/li>\n<\/ul>\n\n\n\n
\n
This is good news for investors using FTX in this Asian country, \"Amazing, in the gloom caused by FTX, this is the best decision I've ever seen, Japanese Government Banzai\"<\/em> - the delight of Mr. Dendei who invested 50K$ in FTX, told The Distributed.<\/li>\n<\/ul>\n","post_title":"FTX Japan Reopens Allowing Crypto And Fiat Withdrawals For Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-japan-reopens-allowing-crypto-and-fiat-withdrawals-for-investors","to_ping":"","pinged":"","post_modified":"2023-02-22 13:11:04","post_modified_gmt":"2023-02-22 02:11:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10013","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9964,"post_author":"16","post_date":"2023-02-19 22:37:19","post_date_gmt":"2023-02-19 11:37:19","post_content":"\n
If you are a fan of Final Fantasy, Tomb Raider, or Nier: Automata, the name Square Enix<\/a> is not unfamiliar to you. Recently, this popular Japanese game company has \"teased\" its first blockchain game.<\/p>\n\n\n\n
\n
Symbiogenesis is the new game name announced by this company, of course, the items exchanged in the game will be NFTized. Square Enix promises the game to bring an extremely unique experience to players with a lot of content for players to explore.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Play To Earn \u2013 Is The Future Of Gaming On The Blockchain?<\/a><\/p>\n\n\n\n
\n
The Japanese company's chosen platform is Polygon, with the advantages of fast transactions, low fees, safety, and good user experience. Polygon is a strategic step for Square Enix to join the ranks of major blockchain game companies worldwide.
<\/li>\n\n\n\n
This is a great opportunity for investors and gamers interested in Square Enix games. With its reputation, the \"giant from Japan\" quickly created a buzz in the market even though the game has not been released, this is a signal of the community's interest in this new project.
<\/li>\n\n\n\n
In recent years Japan has been promoting the blockchain industry<\/a>, rolling out plans to attract web 3, metaverse, etc. This is why Square Enix chose 2023 as the year to launch the project with maximum benefits received from support packages and at the same time, catch the wave of the era 2022 - 2025.<\/li>\n<\/ul>\n","post_title":"Community Awaiting The Arrival Of Square Enix's First Blockchain Game","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"community-awaiting-the-arrival-of-square-enixs-first-blockchain-game","to_ping":"","pinged":"","post_modified":"2023-02-19 22:37:23","post_modified_gmt":"2023-02-19 11:37:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9964","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9815,"post_author":"16","post_date":"2023-02-07 22:16:18","post_date_gmt":"2023-02-07 11:16:18","post_content":"\n
Recently, a former member of the Monetary Policy Committee at the People's Bank of China (PBoC), Huang Yiping called for Beijing to change its ban on cryptocurrencies in the country.<\/p>\n\n\n\n
\n
The economist thinks that the permanent ban on cryptocurrencies is only beneficial in the short term. Still, according to a long-term plan, it greatly affects China seizing big opportunities in the future. At the same time, this action will make China's FinTech industry backward in the future.
<\/li>\n\n\n\n
Although China is focusing on bringing blockchain technology into everyday life, the country is still famous for its \u201cblockchain, not Bitcoin\u201d stance. At the same time, the Chinese government has shown some hostility towards cryptocurrencies, eventually banning virtually all crypto transactions by 2021.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n\n\n\n
\n
If Mr Huang Yiping's proposal is approved, this will be a good sign for investors in China. Despite the ban, China remains the world's second-largest Bitcoin mining country as of January 2022, showing that a large crypto community still exists.
<\/li>\n\n\n\n
Some Chinese investors think that the government's ban only prohibits the trading of cryptocurrencies, but does not actually ban ownership of this virtual asset, so mining and holding here is completely legal.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n","post_title":"Economist Huang Yiping Urges China To Re-Evaluate Its Cryptocurrency Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"economist-huang-yiping-urges-china-to-re-evaluate-its-cryptocurrency-ban","to_ping":"","pinged":"","post_modified":"2023-02-07 22:16:26","post_modified_gmt":"2023-02-07 11:16:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9815","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Business

FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot

April 14, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
$\"Web3$
Chainlink Functions Use Cases Source: Chainlink<\/a><\/em><\/figcaption><\/figure>\n\n\n\n
According to Kemal El Moujahid, Chainlink's product manager, launching Functions will remove a significant hurdle in Web3 adoption. In the words of Moujahid, \u201cWith the launch of Functions, we are removing a major barrier to web3 adoption and helping developers combine smart contracts with the powerful APIs and web2 data sources they need to build Building great apps is easier than ever.\u201d<\/em><\/p>\n","post_title":"Chainlink's New Platform 'Functions' Will Bridge Web2 With Web3 Services Using An API","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlinks-new-platform-functions-will-bridge-web2-with-web3-services-using-an-api","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 17:29:38","post_modified_gmt":"2023-04-10 07:29:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10250","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10147,"post_author":"16","post_date":"2023-03-02 21:48:02","post_date_gmt":"2023-03-02 10:48:02","post_content":"\n
Didid Noordiatmoko, head of Indonesia's Commodity Futures Trading Authority (Bappebti<\/a>), said that the country aims to launch a state-backed cryptocurrency exchange by mid-year. According to Noordiatmoko, the most difficult part for Indonesian authorities in this process is the inability to define a certain standard for the exchange. However, the exchange will be run by a private company.<\/p>\n\n\n\n
Experts and investors believe that the launch of a state-backed electronic exchange will accelerate the development of cryptocurrency stock exchanges in Indonesia.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Indonesia Will Have Its Own Practical Crypto Exchange In 2023<\/a><\/p>\n\n\n\n
Setting the time is an important act of the Indonesian government in building its own exchange. In addition, the government of this country also established a system of regulations to avoid risks and protect customers in this country. The government had previously planned to launch the exchange by the end of 2022, which was delayed due to internal reasons and FTX's problems with the market.<\/p>\n\n\n\n
Along with the Indonesian exchange, there are plans to develop a cryptocurrency of its own. This currency is forecasted to be used in life, transportation, and economic categories, which will be launched after the development of the broker is completed.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631241581822095360\n<\/div><\/figure>\n","post_title":"Indonesia Set To Launch A State-Backed Crypto Exchange In Mid 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"indonesia-set-to-launch-a-state-backed-crypto-exchange-in-mid-2023","to_ping":"","pinged":"","post_modified":"2023-03-02 21:48:15","post_modified_gmt":"2023-03-02 10:48:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10085,"post_author":"16","post_date":"2023-02-28 00:17:15","post_date_gmt":"2023-02-27 13:17:15","post_content":"\n
On February 22, Hong Kong announced an investment of $6.3 million to develop the Web 3 ecosystem here.<\/p>\n\n\n\n
\n
Paul Chan, Hong Kong's Finance Minister, said the government will allocate HKD 50 million (about $6.37 million) to build the Web3 ecosystem. This was presented by him in the annual report at the Legislative Council of the Hong Kong Special Administrative Region. Chan commented that Web3 is in the startup stage with great potential. Therefore, Hong Kong needs to \"catch up with the times and seize the golden opportunity<\/em>\" to lead innovation development.
<\/li>\n\n\n\n
In the coming time, Hong Kong plans to set up and run a task force on virtual asset development with members from policy agencies, financial regulators, and market participants. The aim is to make recommendations to strengthen the industry's strong and sustainable development.
<\/li>\n\n\n\n
This is also a rare opportunity for Web 3 companies in Hong Kong, previously Hong Kong has announced that it will attract and support more than 1000 start-ups<\/a> in this field.
<\/li>\n\n\n\n
This is also the step that Chan has set for Hong Kong to become Asia's cryptocurrency center<\/a>. Now Hong Kong is like a \"black horse\" in the Asian market, and in the future, this city will become the second spear of China next to Beijing to help this country \"breakthrough\" the world market.<\/li>\n<\/ul>\n","post_title":"Hong Kong Invests Over $6.4M Into Web 3 Development","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-invests-over-6-4m-into-web-3-development","to_ping":"","pinged":"","post_modified":"2023-04-10 17:32:36","post_modified_gmt":"2023-04-10 07:32:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10085","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10013,"post_author":"16","post_date":"2023-02-22 13:10:58","post_date_gmt":"2023-02-22 02:10:58","post_content":"\n
FTX Japan announced<\/a> on its official website that customers of FTX Japan can start withdrawing money today, February 21, 2023, at 12:00 (JST).<\/p>\n\n\n\n
\n
Users can initiate withdrawals through the Liquid Japan platform. Liquid Japan<\/a> is a licensed Japanese crypto asset exchange acquired by FTX in 2022. Customers with assets in the account must confirm their balance and transfer it to their Liquid account. FTX Japan customers without a Liquid Japan account must open an account before receiving their assets.
<\/li>\n\n\n\n
According to documents published on December 26, 2022, FTX Japan manages customer deposits for all 14 cryptocurrencies it handles, including BTC and ETH. In addition, the company managed a legal currency balance of about 6.3 billion yen, exceeding customer deposits by about 300 million yen.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX\u2019s Former Executives Subpoenaed By Voyager Creditors To Explain Failed Bailout Attempts<\/a><\/p>\n\n\n\n
\n
FTX Japan adheres to strict rules set forth by the Financial Services Authority and is subject to Japanese laws regarding separate asset management. The agency has managed to minimize the impact of FTX Global's bankruptcy and take steps towards a smooth refund process for customers.<\/li>\n<\/ul>\n\n\n\n
\n
This is good news for investors using FTX in this Asian country, \"Amazing, in the gloom caused by FTX, this is the best decision I've ever seen, Japanese Government Banzai\"<\/em> - the delight of Mr. Dendei who invested 50K$ in FTX, told The Distributed.<\/li>\n<\/ul>\n","post_title":"FTX Japan Reopens Allowing Crypto And Fiat Withdrawals For Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-japan-reopens-allowing-crypto-and-fiat-withdrawals-for-investors","to_ping":"","pinged":"","post_modified":"2023-02-22 13:11:04","post_modified_gmt":"2023-02-22 02:11:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10013","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9964,"post_author":"16","post_date":"2023-02-19 22:37:19","post_date_gmt":"2023-02-19 11:37:19","post_content":"\n
If you are a fan of Final Fantasy, Tomb Raider, or Nier: Automata, the name Square Enix<\/a> is not unfamiliar to you. Recently, this popular Japanese game company has \"teased\" its first blockchain game.<\/p>\n\n\n\n
\n
Symbiogenesis is the new game name announced by this company, of course, the items exchanged in the game will be NFTized. Square Enix promises the game to bring an extremely unique experience to players with a lot of content for players to explore.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Play To Earn \u2013 Is The Future Of Gaming On The Blockchain?<\/a><\/p>\n\n\n\n
\n
The Japanese company's chosen platform is Polygon, with the advantages of fast transactions, low fees, safety, and good user experience. Polygon is a strategic step for Square Enix to join the ranks of major blockchain game companies worldwide.
<\/li>\n\n\n\n
This is a great opportunity for investors and gamers interested in Square Enix games. With its reputation, the \"giant from Japan\" quickly created a buzz in the market even though the game has not been released, this is a signal of the community's interest in this new project.
<\/li>\n\n\n\n
In recent years Japan has been promoting the blockchain industry<\/a>, rolling out plans to attract web 3, metaverse, etc. This is why Square Enix chose 2023 as the year to launch the project with maximum benefits received from support packages and at the same time, catch the wave of the era 2022 - 2025.<\/li>\n<\/ul>\n","post_title":"Community Awaiting The Arrival Of Square Enix's First Blockchain Game","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"community-awaiting-the-arrival-of-square-enixs-first-blockchain-game","to_ping":"","pinged":"","post_modified":"2023-02-19 22:37:23","post_modified_gmt":"2023-02-19 11:37:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9964","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9815,"post_author":"16","post_date":"2023-02-07 22:16:18","post_date_gmt":"2023-02-07 11:16:18","post_content":"\n
Recently, a former member of the Monetary Policy Committee at the People's Bank of China (PBoC), Huang Yiping called for Beijing to change its ban on cryptocurrencies in the country.<\/p>\n\n\n\n
\n
The economist thinks that the permanent ban on cryptocurrencies is only beneficial in the short term. Still, according to a long-term plan, it greatly affects China seizing big opportunities in the future. At the same time, this action will make China's FinTech industry backward in the future.
<\/li>\n\n\n\n
Although China is focusing on bringing blockchain technology into everyday life, the country is still famous for its \u201cblockchain, not Bitcoin\u201d stance. At the same time, the Chinese government has shown some hostility towards cryptocurrencies, eventually banning virtually all crypto transactions by 2021.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n\n\n\n
\n
If Mr Huang Yiping's proposal is approved, this will be a good sign for investors in China. Despite the ban, China remains the world's second-largest Bitcoin mining country as of January 2022, showing that a large crypto community still exists.
<\/li>\n\n\n\n
Some Chinese investors think that the government's ban only prohibits the trading of cryptocurrencies, but does not actually ban ownership of this virtual asset, so mining and holding here is completely legal.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n","post_title":"Economist Huang Yiping Urges China To Re-Evaluate Its Cryptocurrency Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"economist-huang-yiping-urges-china-to-re-evaluate-its-cryptocurrency-ban","to_ping":"","pinged":"","post_modified":"2023-02-07 22:16:26","post_modified_gmt":"2023-02-07 11:16:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9815","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Business

FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot

April 14, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Chainlink's Functions will allow blockchain developers to connect their dApps or smart contracts<\/a> with any application programming interface within the traditional tech space without managing infrastructure. The platform has integrated with various cloud providers, including Amazon Web Services, Meta, and others.<\/p>\n\n\n\n
$\"Web3$
Chainlink Functions Use Cases Source: Chainlink<\/a><\/em><\/figcaption><\/figure>\n\n\n\n
According to Kemal El Moujahid, Chainlink's product manager, launching Functions will remove a significant hurdle in Web3 adoption. In the words of Moujahid, \u201cWith the launch of Functions, we are removing a major barrier to web3 adoption and helping developers combine smart contracts with the powerful APIs and web2 data sources they need to build Building great apps is easier than ever.\u201d<\/em><\/p>\n","post_title":"Chainlink's New Platform 'Functions' Will Bridge Web2 With Web3 Services Using An API","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlinks-new-platform-functions-will-bridge-web2-with-web3-services-using-an-api","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 17:29:38","post_modified_gmt":"2023-04-10 07:29:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10250","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10147,"post_author":"16","post_date":"2023-03-02 21:48:02","post_date_gmt":"2023-03-02 10:48:02","post_content":"\n
Didid Noordiatmoko, head of Indonesia's Commodity Futures Trading Authority (Bappebti<\/a>), said that the country aims to launch a state-backed cryptocurrency exchange by mid-year. According to Noordiatmoko, the most difficult part for Indonesian authorities in this process is the inability to define a certain standard for the exchange. However, the exchange will be run by a private company.<\/p>\n\n\n\n
Experts and investors believe that the launch of a state-backed electronic exchange will accelerate the development of cryptocurrency stock exchanges in Indonesia.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Indonesia Will Have Its Own Practical Crypto Exchange In 2023<\/a><\/p>\n\n\n\n
Setting the time is an important act of the Indonesian government in building its own exchange. In addition, the government of this country also established a system of regulations to avoid risks and protect customers in this country. The government had previously planned to launch the exchange by the end of 2022, which was delayed due to internal reasons and FTX's problems with the market.<\/p>\n\n\n\n
Along with the Indonesian exchange, there are plans to develop a cryptocurrency of its own. This currency is forecasted to be used in life, transportation, and economic categories, which will be launched after the development of the broker is completed.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631241581822095360\n<\/div><\/figure>\n","post_title":"Indonesia Set To Launch A State-Backed Crypto Exchange In Mid 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"indonesia-set-to-launch-a-state-backed-crypto-exchange-in-mid-2023","to_ping":"","pinged":"","post_modified":"2023-03-02 21:48:15","post_modified_gmt":"2023-03-02 10:48:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10085,"post_author":"16","post_date":"2023-02-28 00:17:15","post_date_gmt":"2023-02-27 13:17:15","post_content":"\n
On February 22, Hong Kong announced an investment of $6.3 million to develop the Web 3 ecosystem here.<\/p>\n\n\n\n
\n
Paul Chan, Hong Kong's Finance Minister, said the government will allocate HKD 50 million (about $6.37 million) to build the Web3 ecosystem. This was presented by him in the annual report at the Legislative Council of the Hong Kong Special Administrative Region. Chan commented that Web3 is in the startup stage with great potential. Therefore, Hong Kong needs to \"catch up with the times and seize the golden opportunity<\/em>\" to lead innovation development.
<\/li>\n\n\n\n
In the coming time, Hong Kong plans to set up and run a task force on virtual asset development with members from policy agencies, financial regulators, and market participants. The aim is to make recommendations to strengthen the industry's strong and sustainable development.
<\/li>\n\n\n\n
This is also a rare opportunity for Web 3 companies in Hong Kong, previously Hong Kong has announced that it will attract and support more than 1000 start-ups<\/a> in this field.
<\/li>\n\n\n\n
This is also the step that Chan has set for Hong Kong to become Asia's cryptocurrency center<\/a>. Now Hong Kong is like a \"black horse\" in the Asian market, and in the future, this city will become the second spear of China next to Beijing to help this country \"breakthrough\" the world market.<\/li>\n<\/ul>\n","post_title":"Hong Kong Invests Over $6.4M Into Web 3 Development","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-invests-over-6-4m-into-web-3-development","to_ping":"","pinged":"","post_modified":"2023-04-10 17:32:36","post_modified_gmt":"2023-04-10 07:32:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10085","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10013,"post_author":"16","post_date":"2023-02-22 13:10:58","post_date_gmt":"2023-02-22 02:10:58","post_content":"\n
FTX Japan announced<\/a> on its official website that customers of FTX Japan can start withdrawing money today, February 21, 2023, at 12:00 (JST).<\/p>\n\n\n\n
\n
Users can initiate withdrawals through the Liquid Japan platform. Liquid Japan<\/a> is a licensed Japanese crypto asset exchange acquired by FTX in 2022. Customers with assets in the account must confirm their balance and transfer it to their Liquid account. FTX Japan customers without a Liquid Japan account must open an account before receiving their assets.
<\/li>\n\n\n\n
According to documents published on December 26, 2022, FTX Japan manages customer deposits for all 14 cryptocurrencies it handles, including BTC and ETH. In addition, the company managed a legal currency balance of about 6.3 billion yen, exceeding customer deposits by about 300 million yen.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX\u2019s Former Executives Subpoenaed By Voyager Creditors To Explain Failed Bailout Attempts<\/a><\/p>\n\n\n\n
\n
FTX Japan adheres to strict rules set forth by the Financial Services Authority and is subject to Japanese laws regarding separate asset management. The agency has managed to minimize the impact of FTX Global's bankruptcy and take steps towards a smooth refund process for customers.<\/li>\n<\/ul>\n\n\n\n
\n
This is good news for investors using FTX in this Asian country, \"Amazing, in the gloom caused by FTX, this is the best decision I've ever seen, Japanese Government Banzai\"<\/em> - the delight of Mr. Dendei who invested 50K$ in FTX, told The Distributed.<\/li>\n<\/ul>\n","post_title":"FTX Japan Reopens Allowing Crypto And Fiat Withdrawals For Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-japan-reopens-allowing-crypto-and-fiat-withdrawals-for-investors","to_ping":"","pinged":"","post_modified":"2023-02-22 13:11:04","post_modified_gmt":"2023-02-22 02:11:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10013","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9964,"post_author":"16","post_date":"2023-02-19 22:37:19","post_date_gmt":"2023-02-19 11:37:19","post_content":"\n
If you are a fan of Final Fantasy, Tomb Raider, or Nier: Automata, the name Square Enix<\/a> is not unfamiliar to you. Recently, this popular Japanese game company has \"teased\" its first blockchain game.<\/p>\n\n\n\n
\n
Symbiogenesis is the new game name announced by this company, of course, the items exchanged in the game will be NFTized. Square Enix promises the game to bring an extremely unique experience to players with a lot of content for players to explore.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Play To Earn \u2013 Is The Future Of Gaming On The Blockchain?<\/a><\/p>\n\n\n\n
\n
The Japanese company's chosen platform is Polygon, with the advantages of fast transactions, low fees, safety, and good user experience. Polygon is a strategic step for Square Enix to join the ranks of major blockchain game companies worldwide.
<\/li>\n\n\n\n
This is a great opportunity for investors and gamers interested in Square Enix games. With its reputation, the \"giant from Japan\" quickly created a buzz in the market even though the game has not been released, this is a signal of the community's interest in this new project.
<\/li>\n\n\n\n
In recent years Japan has been promoting the blockchain industry<\/a>, rolling out plans to attract web 3, metaverse, etc. This is why Square Enix chose 2023 as the year to launch the project with maximum benefits received from support packages and at the same time, catch the wave of the era 2022 - 2025.<\/li>\n<\/ul>\n","post_title":"Community Awaiting The Arrival Of Square Enix's First Blockchain Game","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"community-awaiting-the-arrival-of-square-enixs-first-blockchain-game","to_ping":"","pinged":"","post_modified":"2023-02-19 22:37:23","post_modified_gmt":"2023-02-19 11:37:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9964","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9815,"post_author":"16","post_date":"2023-02-07 22:16:18","post_date_gmt":"2023-02-07 11:16:18","post_content":"\n
Recently, a former member of the Monetary Policy Committee at the People's Bank of China (PBoC), Huang Yiping called for Beijing to change its ban on cryptocurrencies in the country.<\/p>\n\n\n\n
\n
The economist thinks that the permanent ban on cryptocurrencies is only beneficial in the short term. Still, according to a long-term plan, it greatly affects China seizing big opportunities in the future. At the same time, this action will make China's FinTech industry backward in the future.
<\/li>\n\n\n\n
Although China is focusing on bringing blockchain technology into everyday life, the country is still famous for its \u201cblockchain, not Bitcoin\u201d stance. At the same time, the Chinese government has shown some hostility towards cryptocurrencies, eventually banning virtually all crypto transactions by 2021.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n\n\n\n
\n
If Mr Huang Yiping's proposal is approved, this will be a good sign for investors in China. Despite the ban, China remains the world's second-largest Bitcoin mining country as of January 2022, showing that a large crypto community still exists.
<\/li>\n\n\n\n
Some Chinese investors think that the government's ban only prohibits the trading of cryptocurrencies, but does not actually ban ownership of this virtual asset, so mining and holding here is completely legal.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n","post_title":"Economist Huang Yiping Urges China To Re-Evaluate Its Cryptocurrency Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"economist-huang-yiping-urges-china-to-re-evaluate-its-cryptocurrency-ban","to_ping":"","pinged":"","post_modified":"2023-02-07 22:16:26","post_modified_gmt":"2023-02-07 11:16:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9815","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Business

FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot

April 14, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
'Functions' is the latest platform launched by Chainlink recently, with the feature of seamlessly connecting decentralized applications<\/a> (dApps) with the traditional web. The platform is in beta on the Ethereum Sepolia and Polygon Mumbai testnets.<\/p>\n\n\n\n
Chainlink's Functions will allow blockchain developers to connect their dApps or smart contracts<\/a> with any application programming interface within the traditional tech space without managing infrastructure. The platform has integrated with various cloud providers, including Amazon Web Services, Meta, and others.<\/p>\n\n\n\n
$\"Web3$
Chainlink Functions Use Cases Source: Chainlink<\/a><\/em><\/figcaption><\/figure>\n\n\n\n
According to Kemal El Moujahid, Chainlink's product manager, launching Functions will remove a significant hurdle in Web3 adoption. In the words of Moujahid, \u201cWith the launch of Functions, we are removing a major barrier to web3 adoption and helping developers combine smart contracts with the powerful APIs and web2 data sources they need to build Building great apps is easier than ever.\u201d<\/em><\/p>\n","post_title":"Chainlink's New Platform 'Functions' Will Bridge Web2 With Web3 Services Using An API","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlinks-new-platform-functions-will-bridge-web2-with-web3-services-using-an-api","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 17:29:38","post_modified_gmt":"2023-04-10 07:29:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10250","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10147,"post_author":"16","post_date":"2023-03-02 21:48:02","post_date_gmt":"2023-03-02 10:48:02","post_content":"\n
Didid Noordiatmoko, head of Indonesia's Commodity Futures Trading Authority (Bappebti<\/a>), said that the country aims to launch a state-backed cryptocurrency exchange by mid-year. According to Noordiatmoko, the most difficult part for Indonesian authorities in this process is the inability to define a certain standard for the exchange. However, the exchange will be run by a private company.<\/p>\n\n\n\n
Experts and investors believe that the launch of a state-backed electronic exchange will accelerate the development of cryptocurrency stock exchanges in Indonesia.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Indonesia Will Have Its Own Practical Crypto Exchange In 2023<\/a><\/p>\n\n\n\n
Setting the time is an important act of the Indonesian government in building its own exchange. In addition, the government of this country also established a system of regulations to avoid risks and protect customers in this country. The government had previously planned to launch the exchange by the end of 2022, which was delayed due to internal reasons and FTX's problems with the market.<\/p>\n\n\n\n
Along with the Indonesian exchange, there are plans to develop a cryptocurrency of its own. This currency is forecasted to be used in life, transportation, and economic categories, which will be launched after the development of the broker is completed.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631241581822095360\n<\/div><\/figure>\n","post_title":"Indonesia Set To Launch A State-Backed Crypto Exchange In Mid 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"indonesia-set-to-launch-a-state-backed-crypto-exchange-in-mid-2023","to_ping":"","pinged":"","post_modified":"2023-03-02 21:48:15","post_modified_gmt":"2023-03-02 10:48:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10085,"post_author":"16","post_date":"2023-02-28 00:17:15","post_date_gmt":"2023-02-27 13:17:15","post_content":"\n
On February 22, Hong Kong announced an investment of $6.3 million to develop the Web 3 ecosystem here.<\/p>\n\n\n\n
\n
Paul Chan, Hong Kong's Finance Minister, said the government will allocate HKD 50 million (about $6.37 million) to build the Web3 ecosystem. This was presented by him in the annual report at the Legislative Council of the Hong Kong Special Administrative Region. Chan commented that Web3 is in the startup stage with great potential. Therefore, Hong Kong needs to \"catch up with the times and seize the golden opportunity<\/em>\" to lead innovation development.
<\/li>\n\n\n\n
In the coming time, Hong Kong plans to set up and run a task force on virtual asset development with members from policy agencies, financial regulators, and market participants. The aim is to make recommendations to strengthen the industry's strong and sustainable development.
<\/li>\n\n\n\n
This is also a rare opportunity for Web 3 companies in Hong Kong, previously Hong Kong has announced that it will attract and support more than 1000 start-ups<\/a> in this field.
<\/li>\n\n\n\n
This is also the step that Chan has set for Hong Kong to become Asia's cryptocurrency center<\/a>. Now Hong Kong is like a \"black horse\" in the Asian market, and in the future, this city will become the second spear of China next to Beijing to help this country \"breakthrough\" the world market.<\/li>\n<\/ul>\n","post_title":"Hong Kong Invests Over $6.4M Into Web 3 Development","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-invests-over-6-4m-into-web-3-development","to_ping":"","pinged":"","post_modified":"2023-04-10 17:32:36","post_modified_gmt":"2023-04-10 07:32:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10085","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10013,"post_author":"16","post_date":"2023-02-22 13:10:58","post_date_gmt":"2023-02-22 02:10:58","post_content":"\n
FTX Japan announced<\/a> on its official website that customers of FTX Japan can start withdrawing money today, February 21, 2023, at 12:00 (JST).<\/p>\n\n\n\n
\n
Users can initiate withdrawals through the Liquid Japan platform. Liquid Japan<\/a> is a licensed Japanese crypto asset exchange acquired by FTX in 2022. Customers with assets in the account must confirm their balance and transfer it to their Liquid account. FTX Japan customers without a Liquid Japan account must open an account before receiving their assets.
<\/li>\n\n\n\n
According to documents published on December 26, 2022, FTX Japan manages customer deposits for all 14 cryptocurrencies it handles, including BTC and ETH. In addition, the company managed a legal currency balance of about 6.3 billion yen, exceeding customer deposits by about 300 million yen.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX\u2019s Former Executives Subpoenaed By Voyager Creditors To Explain Failed Bailout Attempts<\/a><\/p>\n\n\n\n
\n
FTX Japan adheres to strict rules set forth by the Financial Services Authority and is subject to Japanese laws regarding separate asset management. The agency has managed to minimize the impact of FTX Global's bankruptcy and take steps towards a smooth refund process for customers.<\/li>\n<\/ul>\n\n\n\n
\n
This is good news for investors using FTX in this Asian country, \"Amazing, in the gloom caused by FTX, this is the best decision I've ever seen, Japanese Government Banzai\"<\/em> - the delight of Mr. Dendei who invested 50K$ in FTX, told The Distributed.<\/li>\n<\/ul>\n","post_title":"FTX Japan Reopens Allowing Crypto And Fiat Withdrawals For Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-japan-reopens-allowing-crypto-and-fiat-withdrawals-for-investors","to_ping":"","pinged":"","post_modified":"2023-02-22 13:11:04","post_modified_gmt":"2023-02-22 02:11:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10013","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9964,"post_author":"16","post_date":"2023-02-19 22:37:19","post_date_gmt":"2023-02-19 11:37:19","post_content":"\n
If you are a fan of Final Fantasy, Tomb Raider, or Nier: Automata, the name Square Enix<\/a> is not unfamiliar to you. Recently, this popular Japanese game company has \"teased\" its first blockchain game.<\/p>\n\n\n\n
\n
Symbiogenesis is the new game name announced by this company, of course, the items exchanged in the game will be NFTized. Square Enix promises the game to bring an extremely unique experience to players with a lot of content for players to explore.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Play To Earn \u2013 Is The Future Of Gaming On The Blockchain?<\/a><\/p>\n\n\n\n
\n
The Japanese company's chosen platform is Polygon, with the advantages of fast transactions, low fees, safety, and good user experience. Polygon is a strategic step for Square Enix to join the ranks of major blockchain game companies worldwide.
<\/li>\n\n\n\n
This is a great opportunity for investors and gamers interested in Square Enix games. With its reputation, the \"giant from Japan\" quickly created a buzz in the market even though the game has not been released, this is a signal of the community's interest in this new project.
<\/li>\n\n\n\n
In recent years Japan has been promoting the blockchain industry<\/a>, rolling out plans to attract web 3, metaverse, etc. This is why Square Enix chose 2023 as the year to launch the project with maximum benefits received from support packages and at the same time, catch the wave of the era 2022 - 2025.<\/li>\n<\/ul>\n","post_title":"Community Awaiting The Arrival Of Square Enix's First Blockchain Game","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"community-awaiting-the-arrival-of-square-enixs-first-blockchain-game","to_ping":"","pinged":"","post_modified":"2023-02-19 22:37:23","post_modified_gmt":"2023-02-19 11:37:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9964","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9815,"post_author":"16","post_date":"2023-02-07 22:16:18","post_date_gmt":"2023-02-07 11:16:18","post_content":"\n
Recently, a former member of the Monetary Policy Committee at the People's Bank of China (PBoC), Huang Yiping called for Beijing to change its ban on cryptocurrencies in the country.<\/p>\n\n\n\n
\n
The economist thinks that the permanent ban on cryptocurrencies is only beneficial in the short term. Still, according to a long-term plan, it greatly affects China seizing big opportunities in the future. At the same time, this action will make China's FinTech industry backward in the future.
<\/li>\n\n\n\n
Although China is focusing on bringing blockchain technology into everyday life, the country is still famous for its \u201cblockchain, not Bitcoin\u201d stance. At the same time, the Chinese government has shown some hostility towards cryptocurrencies, eventually banning virtually all crypto transactions by 2021.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n\n\n\n
\n
If Mr Huang Yiping's proposal is approved, this will be a good sign for investors in China. Despite the ban, China remains the world's second-largest Bitcoin mining country as of January 2022, showing that a large crypto community still exists.
<\/li>\n\n\n\n
Some Chinese investors think that the government's ban only prohibits the trading of cryptocurrencies, but does not actually ban ownership of this virtual asset, so mining and holding here is completely legal.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n","post_title":"Economist Huang Yiping Urges China To Re-Evaluate Its Cryptocurrency Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"economist-huang-yiping-urges-china-to-re-evaluate-its-cryptocurrency-ban","to_ping":"","pinged":"","post_modified":"2023-02-07 22:16:26","post_modified_gmt":"2023-02-07 11:16:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9815","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Business

FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot

April 14, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Chainlink has launched a new dedicated developer platform called 'Functions<\/a>'<\/em>. This platform will be the bridge between Web2 and Web3.<\/p>\n\n\n\n
'Functions' is the latest platform launched by Chainlink recently, with the feature of seamlessly connecting decentralized applications<\/a> (dApps) with the traditional web. The platform is in beta on the Ethereum Sepolia and Polygon Mumbai testnets.<\/p>\n\n\n\n
Chainlink's Functions will allow blockchain developers to connect their dApps or smart contracts<\/a> with any application programming interface within the traditional tech space without managing infrastructure. The platform has integrated with various cloud providers, including Amazon Web Services, Meta, and others.<\/p>\n\n\n\n
$\"Web3$
Chainlink Functions Use Cases Source: Chainlink<\/a><\/em><\/figcaption><\/figure>\n\n\n\n
According to Kemal El Moujahid, Chainlink's product manager, launching Functions will remove a significant hurdle in Web3 adoption. In the words of Moujahid, \u201cWith the launch of Functions, we are removing a major barrier to web3 adoption and helping developers combine smart contracts with the powerful APIs and web2 data sources they need to build Building great apps is easier than ever.\u201d<\/em><\/p>\n","post_title":"Chainlink's New Platform 'Functions' Will Bridge Web2 With Web3 Services Using An API","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlinks-new-platform-functions-will-bridge-web2-with-web3-services-using-an-api","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 17:29:38","post_modified_gmt":"2023-04-10 07:29:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10250","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10147,"post_author":"16","post_date":"2023-03-02 21:48:02","post_date_gmt":"2023-03-02 10:48:02","post_content":"\n
Didid Noordiatmoko, head of Indonesia's Commodity Futures Trading Authority (Bappebti<\/a>), said that the country aims to launch a state-backed cryptocurrency exchange by mid-year. According to Noordiatmoko, the most difficult part for Indonesian authorities in this process is the inability to define a certain standard for the exchange. However, the exchange will be run by a private company.<\/p>\n\n\n\n
Experts and investors believe that the launch of a state-backed electronic exchange will accelerate the development of cryptocurrency stock exchanges in Indonesia.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Indonesia Will Have Its Own Practical Crypto Exchange In 2023<\/a><\/p>\n\n\n\n
Setting the time is an important act of the Indonesian government in building its own exchange. In addition, the government of this country also established a system of regulations to avoid risks and protect customers in this country. The government had previously planned to launch the exchange by the end of 2022, which was delayed due to internal reasons and FTX's problems with the market.<\/p>\n\n\n\n
Along with the Indonesian exchange, there are plans to develop a cryptocurrency of its own. This currency is forecasted to be used in life, transportation, and economic categories, which will be launched after the development of the broker is completed.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631241581822095360\n<\/div><\/figure>\n","post_title":"Indonesia Set To Launch A State-Backed Crypto Exchange In Mid 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"indonesia-set-to-launch-a-state-backed-crypto-exchange-in-mid-2023","to_ping":"","pinged":"","post_modified":"2023-03-02 21:48:15","post_modified_gmt":"2023-03-02 10:48:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10085,"post_author":"16","post_date":"2023-02-28 00:17:15","post_date_gmt":"2023-02-27 13:17:15","post_content":"\n
On February 22, Hong Kong announced an investment of $6.3 million to develop the Web 3 ecosystem here.<\/p>\n\n\n\n
\n
Paul Chan, Hong Kong's Finance Minister, said the government will allocate HKD 50 million (about $6.37 million) to build the Web3 ecosystem. This was presented by him in the annual report at the Legislative Council of the Hong Kong Special Administrative Region. Chan commented that Web3 is in the startup stage with great potential. Therefore, Hong Kong needs to \"catch up with the times and seize the golden opportunity<\/em>\" to lead innovation development.
<\/li>\n\n\n\n
In the coming time, Hong Kong plans to set up and run a task force on virtual asset development with members from policy agencies, financial regulators, and market participants. The aim is to make recommendations to strengthen the industry's strong and sustainable development.
<\/li>\n\n\n\n
This is also a rare opportunity for Web 3 companies in Hong Kong, previously Hong Kong has announced that it will attract and support more than 1000 start-ups<\/a> in this field.
<\/li>\n\n\n\n
This is also the step that Chan has set for Hong Kong to become Asia's cryptocurrency center<\/a>. Now Hong Kong is like a \"black horse\" in the Asian market, and in the future, this city will become the second spear of China next to Beijing to help this country \"breakthrough\" the world market.<\/li>\n<\/ul>\n","post_title":"Hong Kong Invests Over $6.4M Into Web 3 Development","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-invests-over-6-4m-into-web-3-development","to_ping":"","pinged":"","post_modified":"2023-04-10 17:32:36","post_modified_gmt":"2023-04-10 07:32:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10085","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10013,"post_author":"16","post_date":"2023-02-22 13:10:58","post_date_gmt":"2023-02-22 02:10:58","post_content":"\n
FTX Japan announced<\/a> on its official website that customers of FTX Japan can start withdrawing money today, February 21, 2023, at 12:00 (JST).<\/p>\n\n\n\n
\n
Users can initiate withdrawals through the Liquid Japan platform. Liquid Japan<\/a> is a licensed Japanese crypto asset exchange acquired by FTX in 2022. Customers with assets in the account must confirm their balance and transfer it to their Liquid account. FTX Japan customers without a Liquid Japan account must open an account before receiving their assets.
<\/li>\n\n\n\n
According to documents published on December 26, 2022, FTX Japan manages customer deposits for all 14 cryptocurrencies it handles, including BTC and ETH. In addition, the company managed a legal currency balance of about 6.3 billion yen, exceeding customer deposits by about 300 million yen.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX\u2019s Former Executives Subpoenaed By Voyager Creditors To Explain Failed Bailout Attempts<\/a><\/p>\n\n\n\n
\n
FTX Japan adheres to strict rules set forth by the Financial Services Authority and is subject to Japanese laws regarding separate asset management. The agency has managed to minimize the impact of FTX Global's bankruptcy and take steps towards a smooth refund process for customers.<\/li>\n<\/ul>\n\n\n\n
\n
This is good news for investors using FTX in this Asian country, \"Amazing, in the gloom caused by FTX, this is the best decision I've ever seen, Japanese Government Banzai\"<\/em> - the delight of Mr. Dendei who invested 50K$ in FTX, told The Distributed.<\/li>\n<\/ul>\n","post_title":"FTX Japan Reopens Allowing Crypto And Fiat Withdrawals For Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-japan-reopens-allowing-crypto-and-fiat-withdrawals-for-investors","to_ping":"","pinged":"","post_modified":"2023-02-22 13:11:04","post_modified_gmt":"2023-02-22 02:11:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10013","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9964,"post_author":"16","post_date":"2023-02-19 22:37:19","post_date_gmt":"2023-02-19 11:37:19","post_content":"\n
If you are a fan of Final Fantasy, Tomb Raider, or Nier: Automata, the name Square Enix<\/a> is not unfamiliar to you. Recently, this popular Japanese game company has \"teased\" its first blockchain game.<\/p>\n\n\n\n
\n
Symbiogenesis is the new game name announced by this company, of course, the items exchanged in the game will be NFTized. Square Enix promises the game to bring an extremely unique experience to players with a lot of content for players to explore.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Play To Earn \u2013 Is The Future Of Gaming On The Blockchain?<\/a><\/p>\n\n\n\n
\n
The Japanese company's chosen platform is Polygon, with the advantages of fast transactions, low fees, safety, and good user experience. Polygon is a strategic step for Square Enix to join the ranks of major blockchain game companies worldwide.
<\/li>\n\n\n\n
This is a great opportunity for investors and gamers interested in Square Enix games. With its reputation, the \"giant from Japan\" quickly created a buzz in the market even though the game has not been released, this is a signal of the community's interest in this new project.
<\/li>\n\n\n\n
In recent years Japan has been promoting the blockchain industry<\/a>, rolling out plans to attract web 3, metaverse, etc. This is why Square Enix chose 2023 as the year to launch the project with maximum benefits received from support packages and at the same time, catch the wave of the era 2022 - 2025.<\/li>\n<\/ul>\n","post_title":"Community Awaiting The Arrival Of Square Enix's First Blockchain Game","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"community-awaiting-the-arrival-of-square-enixs-first-blockchain-game","to_ping":"","pinged":"","post_modified":"2023-02-19 22:37:23","post_modified_gmt":"2023-02-19 11:37:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9964","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9815,"post_author":"16","post_date":"2023-02-07 22:16:18","post_date_gmt":"2023-02-07 11:16:18","post_content":"\n
Recently, a former member of the Monetary Policy Committee at the People's Bank of China (PBoC), Huang Yiping called for Beijing to change its ban on cryptocurrencies in the country.<\/p>\n\n\n\n
\n
The economist thinks that the permanent ban on cryptocurrencies is only beneficial in the short term. Still, according to a long-term plan, it greatly affects China seizing big opportunities in the future. At the same time, this action will make China's FinTech industry backward in the future.
<\/li>\n\n\n\n
Although China is focusing on bringing blockchain technology into everyday life, the country is still famous for its \u201cblockchain, not Bitcoin\u201d stance. At the same time, the Chinese government has shown some hostility towards cryptocurrencies, eventually banning virtually all crypto transactions by 2021.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n\n\n\n
\n
If Mr Huang Yiping's proposal is approved, this will be a good sign for investors in China. Despite the ban, China remains the world's second-largest Bitcoin mining country as of January 2022, showing that a large crypto community still exists.
<\/li>\n\n\n\n
Some Chinese investors think that the government's ban only prohibits the trading of cryptocurrencies, but does not actually ban ownership of this virtual asset, so mining and holding here is completely legal.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n","post_title":"Economist Huang Yiping Urges China To Re-Evaluate Its Cryptocurrency Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"economist-huang-yiping-urges-china-to-re-evaluate-its-cryptocurrency-ban","to_ping":"","pinged":"","post_modified":"2023-02-07 22:16:26","post_modified_gmt":"2023-02-07 11:16:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9815","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Business

FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot

April 14, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
See Related: <\/em><\/strong>China Opens Blockchain Research Centre In Capital<\/a><\/p>\n","post_title":"Chinese Platform WeChat Accept Payments With The Digital Yuan CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chinese-platform-wechat-accept-payments-with-the-digital-yuan-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 17:21:15","post_modified_gmt":"2023-04-10 07:21:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10295","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10250,"post_author":"16","post_date":"2023-03-05 17:39:24","post_date_gmt":"2023-03-05 06:39:24","post_content":"\n
Chainlink has launched a new dedicated developer platform called 'Functions<\/a>'<\/em>. This platform will be the bridge between Web2 and Web3.<\/p>\n\n\n\n
'Functions' is the latest platform launched by Chainlink recently, with the feature of seamlessly connecting decentralized applications<\/a> (dApps) with the traditional web. The platform is in beta on the Ethereum Sepolia and Polygon Mumbai testnets.<\/p>\n\n\n\n
Chainlink's Functions will allow blockchain developers to connect their dApps or smart contracts<\/a> with any application programming interface within the traditional tech space without managing infrastructure. The platform has integrated with various cloud providers, including Amazon Web Services, Meta, and others.<\/p>\n\n\n\n
$\"Web3$
Chainlink Functions Use Cases Source: Chainlink<\/a><\/em><\/figcaption><\/figure>\n\n\n\n
According to Kemal El Moujahid, Chainlink's product manager, launching Functions will remove a significant hurdle in Web3 adoption. In the words of Moujahid, \u201cWith the launch of Functions, we are removing a major barrier to web3 adoption and helping developers combine smart contracts with the powerful APIs and web2 data sources they need to build Building great apps is easier than ever.\u201d<\/em><\/p>\n","post_title":"Chainlink's New Platform 'Functions' Will Bridge Web2 With Web3 Services Using An API","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlinks-new-platform-functions-will-bridge-web2-with-web3-services-using-an-api","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 17:29:38","post_modified_gmt":"2023-04-10 07:29:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10250","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10147,"post_author":"16","post_date":"2023-03-02 21:48:02","post_date_gmt":"2023-03-02 10:48:02","post_content":"\n
Didid Noordiatmoko, head of Indonesia's Commodity Futures Trading Authority (Bappebti<\/a>), said that the country aims to launch a state-backed cryptocurrency exchange by mid-year. According to Noordiatmoko, the most difficult part for Indonesian authorities in this process is the inability to define a certain standard for the exchange. However, the exchange will be run by a private company.<\/p>\n\n\n\n
Experts and investors believe that the launch of a state-backed electronic exchange will accelerate the development of cryptocurrency stock exchanges in Indonesia.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Indonesia Will Have Its Own Practical Crypto Exchange In 2023<\/a><\/p>\n\n\n\n
Setting the time is an important act of the Indonesian government in building its own exchange. In addition, the government of this country also established a system of regulations to avoid risks and protect customers in this country. The government had previously planned to launch the exchange by the end of 2022, which was delayed due to internal reasons and FTX's problems with the market.<\/p>\n\n\n\n
Along with the Indonesian exchange, there are plans to develop a cryptocurrency of its own. This currency is forecasted to be used in life, transportation, and economic categories, which will be launched after the development of the broker is completed.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631241581822095360\n<\/div><\/figure>\n","post_title":"Indonesia Set To Launch A State-Backed Crypto Exchange In Mid 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"indonesia-set-to-launch-a-state-backed-crypto-exchange-in-mid-2023","to_ping":"","pinged":"","post_modified":"2023-03-02 21:48:15","post_modified_gmt":"2023-03-02 10:48:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10085,"post_author":"16","post_date":"2023-02-28 00:17:15","post_date_gmt":"2023-02-27 13:17:15","post_content":"\n
On February 22, Hong Kong announced an investment of $6.3 million to develop the Web 3 ecosystem here.<\/p>\n\n\n\n
\n
Paul Chan, Hong Kong's Finance Minister, said the government will allocate HKD 50 million (about $6.37 million) to build the Web3 ecosystem. This was presented by him in the annual report at the Legislative Council of the Hong Kong Special Administrative Region. Chan commented that Web3 is in the startup stage with great potential. Therefore, Hong Kong needs to \"catch up with the times and seize the golden opportunity<\/em>\" to lead innovation development.
<\/li>\n\n\n\n
In the coming time, Hong Kong plans to set up and run a task force on virtual asset development with members from policy agencies, financial regulators, and market participants. The aim is to make recommendations to strengthen the industry's strong and sustainable development.
<\/li>\n\n\n\n
This is also a rare opportunity for Web 3 companies in Hong Kong, previously Hong Kong has announced that it will attract and support more than 1000 start-ups<\/a> in this field.
<\/li>\n\n\n\n
This is also the step that Chan has set for Hong Kong to become Asia's cryptocurrency center<\/a>. Now Hong Kong is like a \"black horse\" in the Asian market, and in the future, this city will become the second spear of China next to Beijing to help this country \"breakthrough\" the world market.<\/li>\n<\/ul>\n","post_title":"Hong Kong Invests Over $6.4M Into Web 3 Development","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-invests-over-6-4m-into-web-3-development","to_ping":"","pinged":"","post_modified":"2023-04-10 17:32:36","post_modified_gmt":"2023-04-10 07:32:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10085","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10013,"post_author":"16","post_date":"2023-02-22 13:10:58","post_date_gmt":"2023-02-22 02:10:58","post_content":"\n
FTX Japan announced<\/a> on its official website that customers of FTX Japan can start withdrawing money today, February 21, 2023, at 12:00 (JST).<\/p>\n\n\n\n
\n
Users can initiate withdrawals through the Liquid Japan platform. Liquid Japan<\/a> is a licensed Japanese crypto asset exchange acquired by FTX in 2022. Customers with assets in the account must confirm their balance and transfer it to their Liquid account. FTX Japan customers without a Liquid Japan account must open an account before receiving their assets.
<\/li>\n\n\n\n
According to documents published on December 26, 2022, FTX Japan manages customer deposits for all 14 cryptocurrencies it handles, including BTC and ETH. In addition, the company managed a legal currency balance of about 6.3 billion yen, exceeding customer deposits by about 300 million yen.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX\u2019s Former Executives Subpoenaed By Voyager Creditors To Explain Failed Bailout Attempts<\/a><\/p>\n\n\n\n
\n
FTX Japan adheres to strict rules set forth by the Financial Services Authority and is subject to Japanese laws regarding separate asset management. The agency has managed to minimize the impact of FTX Global's bankruptcy and take steps towards a smooth refund process for customers.<\/li>\n<\/ul>\n\n\n\n
\n
This is good news for investors using FTX in this Asian country, \"Amazing, in the gloom caused by FTX, this is the best decision I've ever seen, Japanese Government Banzai\"<\/em> - the delight of Mr. Dendei who invested 50K$ in FTX, told The Distributed.<\/li>\n<\/ul>\n","post_title":"FTX Japan Reopens Allowing Crypto And Fiat Withdrawals For Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-japan-reopens-allowing-crypto-and-fiat-withdrawals-for-investors","to_ping":"","pinged":"","post_modified":"2023-02-22 13:11:04","post_modified_gmt":"2023-02-22 02:11:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10013","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9964,"post_author":"16","post_date":"2023-02-19 22:37:19","post_date_gmt":"2023-02-19 11:37:19","post_content":"\n
If you are a fan of Final Fantasy, Tomb Raider, or Nier: Automata, the name Square Enix<\/a> is not unfamiliar to you. Recently, this popular Japanese game company has \"teased\" its first blockchain game.<\/p>\n\n\n\n
\n
Symbiogenesis is the new game name announced by this company, of course, the items exchanged in the game will be NFTized. Square Enix promises the game to bring an extremely unique experience to players with a lot of content for players to explore.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Play To Earn \u2013 Is The Future Of Gaming On The Blockchain?<\/a><\/p>\n\n\n\n
\n
The Japanese company's chosen platform is Polygon, with the advantages of fast transactions, low fees, safety, and good user experience. Polygon is a strategic step for Square Enix to join the ranks of major blockchain game companies worldwide.
<\/li>\n\n\n\n
This is a great opportunity for investors and gamers interested in Square Enix games. With its reputation, the \"giant from Japan\" quickly created a buzz in the market even though the game has not been released, this is a signal of the community's interest in this new project.
<\/li>\n\n\n\n
In recent years Japan has been promoting the blockchain industry<\/a>, rolling out plans to attract web 3, metaverse, etc. This is why Square Enix chose 2023 as the year to launch the project with maximum benefits received from support packages and at the same time, catch the wave of the era 2022 - 2025.<\/li>\n<\/ul>\n","post_title":"Community Awaiting The Arrival Of Square Enix's First Blockchain Game","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"community-awaiting-the-arrival-of-square-enixs-first-blockchain-game","to_ping":"","pinged":"","post_modified":"2023-02-19 22:37:23","post_modified_gmt":"2023-02-19 11:37:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9964","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9815,"post_author":"16","post_date":"2023-02-07 22:16:18","post_date_gmt":"2023-02-07 11:16:18","post_content":"\n
Recently, a former member of the Monetary Policy Committee at the People's Bank of China (PBoC), Huang Yiping called for Beijing to change its ban on cryptocurrencies in the country.<\/p>\n\n\n\n
\n
The economist thinks that the permanent ban on cryptocurrencies is only beneficial in the short term. Still, according to a long-term plan, it greatly affects China seizing big opportunities in the future. At the same time, this action will make China's FinTech industry backward in the future.
<\/li>\n\n\n\n
Although China is focusing on bringing blockchain technology into everyday life, the country is still famous for its \u201cblockchain, not Bitcoin\u201d stance. At the same time, the Chinese government has shown some hostility towards cryptocurrencies, eventually banning virtually all crypto transactions by 2021.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n\n\n\n
\n
If Mr Huang Yiping's proposal is approved, this will be a good sign for investors in China. Despite the ban, China remains the world's second-largest Bitcoin mining country as of January 2022, showing that a large crypto community still exists.
<\/li>\n\n\n\n
Some Chinese investors think that the government's ban only prohibits the trading of cryptocurrencies, but does not actually ban ownership of this virtual asset, so mining and holding here is completely legal.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n","post_title":"Economist Huang Yiping Urges China To Re-Evaluate Its Cryptocurrency Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"economist-huang-yiping-urges-china-to-re-evaluate-its-cryptocurrency-ban","to_ping":"","pinged":"","post_modified":"2023-02-07 22:16:26","post_modified_gmt":"2023-02-07 11:16:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9815","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Business

FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot

April 14, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
In terms of investment, WeChat has made a significant impact on the Chinese market. It can be seen that this is a good opportunity to proceed with building a new trading system that focuses on cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>China Opens Blockchain Research Centre In Capital<\/a><\/p>\n","post_title":"Chinese Platform WeChat Accept Payments With The Digital Yuan CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chinese-platform-wechat-accept-payments-with-the-digital-yuan-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 17:21:15","post_modified_gmt":"2023-04-10 07:21:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10295","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10250,"post_author":"16","post_date":"2023-03-05 17:39:24","post_date_gmt":"2023-03-05 06:39:24","post_content":"\n
Chainlink has launched a new dedicated developer platform called 'Functions<\/a>'<\/em>. This platform will be the bridge between Web2 and Web3.<\/p>\n\n\n\n
'Functions' is the latest platform launched by Chainlink recently, with the feature of seamlessly connecting decentralized applications<\/a> (dApps) with the traditional web. The platform is in beta on the Ethereum Sepolia and Polygon Mumbai testnets.<\/p>\n\n\n\n
Chainlink's Functions will allow blockchain developers to connect their dApps or smart contracts<\/a> with any application programming interface within the traditional tech space without managing infrastructure. The platform has integrated with various cloud providers, including Amazon Web Services, Meta, and others.<\/p>\n\n\n\n
$\"Web3$
Chainlink Functions Use Cases Source: Chainlink<\/a><\/em><\/figcaption><\/figure>\n\n\n\n
According to Kemal El Moujahid, Chainlink's product manager, launching Functions will remove a significant hurdle in Web3 adoption. In the words of Moujahid, \u201cWith the launch of Functions, we are removing a major barrier to web3 adoption and helping developers combine smart contracts with the powerful APIs and web2 data sources they need to build Building great apps is easier than ever.\u201d<\/em><\/p>\n","post_title":"Chainlink's New Platform 'Functions' Will Bridge Web2 With Web3 Services Using An API","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlinks-new-platform-functions-will-bridge-web2-with-web3-services-using-an-api","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 17:29:38","post_modified_gmt":"2023-04-10 07:29:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10250","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10147,"post_author":"16","post_date":"2023-03-02 21:48:02","post_date_gmt":"2023-03-02 10:48:02","post_content":"\n
Didid Noordiatmoko, head of Indonesia's Commodity Futures Trading Authority (Bappebti<\/a>), said that the country aims to launch a state-backed cryptocurrency exchange by mid-year. According to Noordiatmoko, the most difficult part for Indonesian authorities in this process is the inability to define a certain standard for the exchange. However, the exchange will be run by a private company.<\/p>\n\n\n\n
Experts and investors believe that the launch of a state-backed electronic exchange will accelerate the development of cryptocurrency stock exchanges in Indonesia.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Indonesia Will Have Its Own Practical Crypto Exchange In 2023<\/a><\/p>\n\n\n\n
Setting the time is an important act of the Indonesian government in building its own exchange. In addition, the government of this country also established a system of regulations to avoid risks and protect customers in this country. The government had previously planned to launch the exchange by the end of 2022, which was delayed due to internal reasons and FTX's problems with the market.<\/p>\n\n\n\n
Along with the Indonesian exchange, there are plans to develop a cryptocurrency of its own. This currency is forecasted to be used in life, transportation, and economic categories, which will be launched after the development of the broker is completed.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631241581822095360\n<\/div><\/figure>\n","post_title":"Indonesia Set To Launch A State-Backed Crypto Exchange In Mid 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"indonesia-set-to-launch-a-state-backed-crypto-exchange-in-mid-2023","to_ping":"","pinged":"","post_modified":"2023-03-02 21:48:15","post_modified_gmt":"2023-03-02 10:48:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10085,"post_author":"16","post_date":"2023-02-28 00:17:15","post_date_gmt":"2023-02-27 13:17:15","post_content":"\n
On February 22, Hong Kong announced an investment of $6.3 million to develop the Web 3 ecosystem here.<\/p>\n\n\n\n
\n
Paul Chan, Hong Kong's Finance Minister, said the government will allocate HKD 50 million (about $6.37 million) to build the Web3 ecosystem. This was presented by him in the annual report at the Legislative Council of the Hong Kong Special Administrative Region. Chan commented that Web3 is in the startup stage with great potential. Therefore, Hong Kong needs to \"catch up with the times and seize the golden opportunity<\/em>\" to lead innovation development.
<\/li>\n\n\n\n
In the coming time, Hong Kong plans to set up and run a task force on virtual asset development with members from policy agencies, financial regulators, and market participants. The aim is to make recommendations to strengthen the industry's strong and sustainable development.
<\/li>\n\n\n\n
This is also a rare opportunity for Web 3 companies in Hong Kong, previously Hong Kong has announced that it will attract and support more than 1000 start-ups<\/a> in this field.
<\/li>\n\n\n\n
This is also the step that Chan has set for Hong Kong to become Asia's cryptocurrency center<\/a>. Now Hong Kong is like a \"black horse\" in the Asian market, and in the future, this city will become the second spear of China next to Beijing to help this country \"breakthrough\" the world market.<\/li>\n<\/ul>\n","post_title":"Hong Kong Invests Over $6.4M Into Web 3 Development","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-invests-over-6-4m-into-web-3-development","to_ping":"","pinged":"","post_modified":"2023-04-10 17:32:36","post_modified_gmt":"2023-04-10 07:32:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10085","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10013,"post_author":"16","post_date":"2023-02-22 13:10:58","post_date_gmt":"2023-02-22 02:10:58","post_content":"\n
FTX Japan announced<\/a> on its official website that customers of FTX Japan can start withdrawing money today, February 21, 2023, at 12:00 (JST).<\/p>\n\n\n\n
\n
Users can initiate withdrawals through the Liquid Japan platform. Liquid Japan<\/a> is a licensed Japanese crypto asset exchange acquired by FTX in 2022. Customers with assets in the account must confirm their balance and transfer it to their Liquid account. FTX Japan customers without a Liquid Japan account must open an account before receiving their assets.
<\/li>\n\n\n\n
According to documents published on December 26, 2022, FTX Japan manages customer deposits for all 14 cryptocurrencies it handles, including BTC and ETH. In addition, the company managed a legal currency balance of about 6.3 billion yen, exceeding customer deposits by about 300 million yen.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX\u2019s Former Executives Subpoenaed By Voyager Creditors To Explain Failed Bailout Attempts<\/a><\/p>\n\n\n\n
\n
FTX Japan adheres to strict rules set forth by the Financial Services Authority and is subject to Japanese laws regarding separate asset management. The agency has managed to minimize the impact of FTX Global's bankruptcy and take steps towards a smooth refund process for customers.<\/li>\n<\/ul>\n\n\n\n
\n
This is good news for investors using FTX in this Asian country, \"Amazing, in the gloom caused by FTX, this is the best decision I've ever seen, Japanese Government Banzai\"<\/em> - the delight of Mr. Dendei who invested 50K$ in FTX, told The Distributed.<\/li>\n<\/ul>\n","post_title":"FTX Japan Reopens Allowing Crypto And Fiat Withdrawals For Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-japan-reopens-allowing-crypto-and-fiat-withdrawals-for-investors","to_ping":"","pinged":"","post_modified":"2023-02-22 13:11:04","post_modified_gmt":"2023-02-22 02:11:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10013","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9964,"post_author":"16","post_date":"2023-02-19 22:37:19","post_date_gmt":"2023-02-19 11:37:19","post_content":"\n
If you are a fan of Final Fantasy, Tomb Raider, or Nier: Automata, the name Square Enix<\/a> is not unfamiliar to you. Recently, this popular Japanese game company has \"teased\" its first blockchain game.<\/p>\n\n\n\n
\n
Symbiogenesis is the new game name announced by this company, of course, the items exchanged in the game will be NFTized. Square Enix promises the game to bring an extremely unique experience to players with a lot of content for players to explore.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Play To Earn \u2013 Is The Future Of Gaming On The Blockchain?<\/a><\/p>\n\n\n\n
\n
The Japanese company's chosen platform is Polygon, with the advantages of fast transactions, low fees, safety, and good user experience. Polygon is a strategic step for Square Enix to join the ranks of major blockchain game companies worldwide.
<\/li>\n\n\n\n
This is a great opportunity for investors and gamers interested in Square Enix games. With its reputation, the \"giant from Japan\" quickly created a buzz in the market even though the game has not been released, this is a signal of the community's interest in this new project.
<\/li>\n\n\n\n
In recent years Japan has been promoting the blockchain industry<\/a>, rolling out plans to attract web 3, metaverse, etc. This is why Square Enix chose 2023 as the year to launch the project with maximum benefits received from support packages and at the same time, catch the wave of the era 2022 - 2025.<\/li>\n<\/ul>\n","post_title":"Community Awaiting The Arrival Of Square Enix's First Blockchain Game","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"community-awaiting-the-arrival-of-square-enixs-first-blockchain-game","to_ping":"","pinged":"","post_modified":"2023-02-19 22:37:23","post_modified_gmt":"2023-02-19 11:37:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9964","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9815,"post_author":"16","post_date":"2023-02-07 22:16:18","post_date_gmt":"2023-02-07 11:16:18","post_content":"\n
Recently, a former member of the Monetary Policy Committee at the People's Bank of China (PBoC), Huang Yiping called for Beijing to change its ban on cryptocurrencies in the country.<\/p>\n\n\n\n
\n
The economist thinks that the permanent ban on cryptocurrencies is only beneficial in the short term. Still, according to a long-term plan, it greatly affects China seizing big opportunities in the future. At the same time, this action will make China's FinTech industry backward in the future.
<\/li>\n\n\n\n
Although China is focusing on bringing blockchain technology into everyday life, the country is still famous for its \u201cblockchain, not Bitcoin\u201d stance. At the same time, the Chinese government has shown some hostility towards cryptocurrencies, eventually banning virtually all crypto transactions by 2021.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n\n\n\n
\n
If Mr Huang Yiping's proposal is approved, this will be a good sign for investors in China. Despite the ban, China remains the world's second-largest Bitcoin mining country as of January 2022, showing that a large crypto community still exists.
<\/li>\n\n\n\n
Some Chinese investors think that the government's ban only prohibits the trading of cryptocurrencies, but does not actually ban ownership of this virtual asset, so mining and holding here is completely legal.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n","post_title":"Economist Huang Yiping Urges China To Re-Evaluate Its Cryptocurrency Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"economist-huang-yiping-urges-china-to-re-evaluate-its-cryptocurrency-ban","to_ping":"","pinged":"","post_modified":"2023-02-07 22:16:26","post_modified_gmt":"2023-02-07 11:16:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9815","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Business

FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot

April 14, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The combination of WeChat and e-CNY makes adopting a CBDC<\/a> currency easier for consumers. On the other hand, it raises the awareness of the Chinese people about the potential and convenience of cryptocurrencies in the future.
<\/li>\n\n\n\n
In terms of investment, WeChat has made a significant impact on the Chinese market. It can be seen that this is a good opportunity to proceed with building a new trading system that focuses on cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>China Opens Blockchain Research Centre In Capital<\/a><\/p>\n","post_title":"Chinese Platform WeChat Accept Payments With The Digital Yuan CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chinese-platform-wechat-accept-payments-with-the-digital-yuan-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 17:21:15","post_modified_gmt":"2023-04-10 07:21:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10295","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10250,"post_author":"16","post_date":"2023-03-05 17:39:24","post_date_gmt":"2023-03-05 06:39:24","post_content":"\n
Chainlink has launched a new dedicated developer platform called 'Functions<\/a>'<\/em>. This platform will be the bridge between Web2 and Web3.<\/p>\n\n\n\n
'Functions' is the latest platform launched by Chainlink recently, with the feature of seamlessly connecting decentralized applications<\/a> (dApps) with the traditional web. The platform is in beta on the Ethereum Sepolia and Polygon Mumbai testnets.<\/p>\n\n\n\n
Chainlink's Functions will allow blockchain developers to connect their dApps or smart contracts<\/a> with any application programming interface within the traditional tech space without managing infrastructure. The platform has integrated with various cloud providers, including Amazon Web Services, Meta, and others.<\/p>\n\n\n\n
$\"Web3$
Chainlink Functions Use Cases Source: Chainlink<\/a><\/em><\/figcaption><\/figure>\n\n\n\n
According to Kemal El Moujahid, Chainlink's product manager, launching Functions will remove a significant hurdle in Web3 adoption. In the words of Moujahid, \u201cWith the launch of Functions, we are removing a major barrier to web3 adoption and helping developers combine smart contracts with the powerful APIs and web2 data sources they need to build Building great apps is easier than ever.\u201d<\/em><\/p>\n","post_title":"Chainlink's New Platform 'Functions' Will Bridge Web2 With Web3 Services Using An API","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlinks-new-platform-functions-will-bridge-web2-with-web3-services-using-an-api","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 17:29:38","post_modified_gmt":"2023-04-10 07:29:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10250","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10147,"post_author":"16","post_date":"2023-03-02 21:48:02","post_date_gmt":"2023-03-02 10:48:02","post_content":"\n
Didid Noordiatmoko, head of Indonesia's Commodity Futures Trading Authority (Bappebti<\/a>), said that the country aims to launch a state-backed cryptocurrency exchange by mid-year. According to Noordiatmoko, the most difficult part for Indonesian authorities in this process is the inability to define a certain standard for the exchange. However, the exchange will be run by a private company.<\/p>\n\n\n\n
Experts and investors believe that the launch of a state-backed electronic exchange will accelerate the development of cryptocurrency stock exchanges in Indonesia.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Indonesia Will Have Its Own Practical Crypto Exchange In 2023<\/a><\/p>\n\n\n\n
Setting the time is an important act of the Indonesian government in building its own exchange. In addition, the government of this country also established a system of regulations to avoid risks and protect customers in this country. The government had previously planned to launch the exchange by the end of 2022, which was delayed due to internal reasons and FTX's problems with the market.<\/p>\n\n\n\n
Along with the Indonesian exchange, there are plans to develop a cryptocurrency of its own. This currency is forecasted to be used in life, transportation, and economic categories, which will be launched after the development of the broker is completed.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631241581822095360\n<\/div><\/figure>\n","post_title":"Indonesia Set To Launch A State-Backed Crypto Exchange In Mid 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"indonesia-set-to-launch-a-state-backed-crypto-exchange-in-mid-2023","to_ping":"","pinged":"","post_modified":"2023-03-02 21:48:15","post_modified_gmt":"2023-03-02 10:48:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10085,"post_author":"16","post_date":"2023-02-28 00:17:15","post_date_gmt":"2023-02-27 13:17:15","post_content":"\n
On February 22, Hong Kong announced an investment of $6.3 million to develop the Web 3 ecosystem here.<\/p>\n\n\n\n
\n
Paul Chan, Hong Kong's Finance Minister, said the government will allocate HKD 50 million (about $6.37 million) to build the Web3 ecosystem. This was presented by him in the annual report at the Legislative Council of the Hong Kong Special Administrative Region. Chan commented that Web3 is in the startup stage with great potential. Therefore, Hong Kong needs to \"catch up with the times and seize the golden opportunity<\/em>\" to lead innovation development.
<\/li>\n\n\n\n
In the coming time, Hong Kong plans to set up and run a task force on virtual asset development with members from policy agencies, financial regulators, and market participants. The aim is to make recommendations to strengthen the industry's strong and sustainable development.
<\/li>\n\n\n\n
This is also a rare opportunity for Web 3 companies in Hong Kong, previously Hong Kong has announced that it will attract and support more than 1000 start-ups<\/a> in this field.
<\/li>\n\n\n\n
This is also the step that Chan has set for Hong Kong to become Asia's cryptocurrency center<\/a>. Now Hong Kong is like a \"black horse\" in the Asian market, and in the future, this city will become the second spear of China next to Beijing to help this country \"breakthrough\" the world market.<\/li>\n<\/ul>\n","post_title":"Hong Kong Invests Over $6.4M Into Web 3 Development","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-invests-over-6-4m-into-web-3-development","to_ping":"","pinged":"","post_modified":"2023-04-10 17:32:36","post_modified_gmt":"2023-04-10 07:32:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10085","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10013,"post_author":"16","post_date":"2023-02-22 13:10:58","post_date_gmt":"2023-02-22 02:10:58","post_content":"\n
FTX Japan announced<\/a> on its official website that customers of FTX Japan can start withdrawing money today, February 21, 2023, at 12:00 (JST).<\/p>\n\n\n\n
\n
Users can initiate withdrawals through the Liquid Japan platform. Liquid Japan<\/a> is a licensed Japanese crypto asset exchange acquired by FTX in 2022. Customers with assets in the account must confirm their balance and transfer it to their Liquid account. FTX Japan customers without a Liquid Japan account must open an account before receiving their assets.
<\/li>\n\n\n\n
According to documents published on December 26, 2022, FTX Japan manages customer deposits for all 14 cryptocurrencies it handles, including BTC and ETH. In addition, the company managed a legal currency balance of about 6.3 billion yen, exceeding customer deposits by about 300 million yen.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX\u2019s Former Executives Subpoenaed By Voyager Creditors To Explain Failed Bailout Attempts<\/a><\/p>\n\n\n\n
\n
FTX Japan adheres to strict rules set forth by the Financial Services Authority and is subject to Japanese laws regarding separate asset management. The agency has managed to minimize the impact of FTX Global's bankruptcy and take steps towards a smooth refund process for customers.<\/li>\n<\/ul>\n\n\n\n
\n
This is good news for investors using FTX in this Asian country, \"Amazing, in the gloom caused by FTX, this is the best decision I've ever seen, Japanese Government Banzai\"<\/em> - the delight of Mr. Dendei who invested 50K$ in FTX, told The Distributed.<\/li>\n<\/ul>\n","post_title":"FTX Japan Reopens Allowing Crypto And Fiat Withdrawals For Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-japan-reopens-allowing-crypto-and-fiat-withdrawals-for-investors","to_ping":"","pinged":"","post_modified":"2023-02-22 13:11:04","post_modified_gmt":"2023-02-22 02:11:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10013","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9964,"post_author":"16","post_date":"2023-02-19 22:37:19","post_date_gmt":"2023-02-19 11:37:19","post_content":"\n
If you are a fan of Final Fantasy, Tomb Raider, or Nier: Automata, the name Square Enix<\/a> is not unfamiliar to you. Recently, this popular Japanese game company has \"teased\" its first blockchain game.<\/p>\n\n\n\n
\n
Symbiogenesis is the new game name announced by this company, of course, the items exchanged in the game will be NFTized. Square Enix promises the game to bring an extremely unique experience to players with a lot of content for players to explore.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Play To Earn \u2013 Is The Future Of Gaming On The Blockchain?<\/a><\/p>\n\n\n\n
\n
The Japanese company's chosen platform is Polygon, with the advantages of fast transactions, low fees, safety, and good user experience. Polygon is a strategic step for Square Enix to join the ranks of major blockchain game companies worldwide.
<\/li>\n\n\n\n
This is a great opportunity for investors and gamers interested in Square Enix games. With its reputation, the \"giant from Japan\" quickly created a buzz in the market even though the game has not been released, this is a signal of the community's interest in this new project.
<\/li>\n\n\n\n
In recent years Japan has been promoting the blockchain industry<\/a>, rolling out plans to attract web 3, metaverse, etc. This is why Square Enix chose 2023 as the year to launch the project with maximum benefits received from support packages and at the same time, catch the wave of the era 2022 - 2025.<\/li>\n<\/ul>\n","post_title":"Community Awaiting The Arrival Of Square Enix's First Blockchain Game","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"community-awaiting-the-arrival-of-square-enixs-first-blockchain-game","to_ping":"","pinged":"","post_modified":"2023-02-19 22:37:23","post_modified_gmt":"2023-02-19 11:37:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9964","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9815,"post_author":"16","post_date":"2023-02-07 22:16:18","post_date_gmt":"2023-02-07 11:16:18","post_content":"\n
Recently, a former member of the Monetary Policy Committee at the People's Bank of China (PBoC), Huang Yiping called for Beijing to change its ban on cryptocurrencies in the country.<\/p>\n\n\n\n
\n
The economist thinks that the permanent ban on cryptocurrencies is only beneficial in the short term. Still, according to a long-term plan, it greatly affects China seizing big opportunities in the future. At the same time, this action will make China's FinTech industry backward in the future.
<\/li>\n\n\n\n
Although China is focusing on bringing blockchain technology into everyday life, the country is still famous for its \u201cblockchain, not Bitcoin\u201d stance. At the same time, the Chinese government has shown some hostility towards cryptocurrencies, eventually banning virtually all crypto transactions by 2021.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n\n\n\n
\n
If Mr Huang Yiping's proposal is approved, this will be a good sign for investors in China. Despite the ban, China remains the world's second-largest Bitcoin mining country as of January 2022, showing that a large crypto community still exists.
<\/li>\n\n\n\n
Some Chinese investors think that the government's ban only prohibits the trading of cryptocurrencies, but does not actually ban ownership of this virtual asset, so mining and holding here is completely legal.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n","post_title":"Economist Huang Yiping Urges China To Re-Evaluate Its Cryptocurrency Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"economist-huang-yiping-urges-china-to-re-evaluate-its-cryptocurrency-ban","to_ping":"","pinged":"","post_modified":"2023-02-07 22:16:26","post_modified_gmt":"2023-02-07 11:16:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9815","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Business

FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot

April 14, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
The combination of WeChat and e-CNY makes adopting a CBDC<\/a> currency easier for consumers. On the other hand, it raises the awareness of the Chinese people about the potential and convenience of cryptocurrencies in the future.
<\/li>\n\n\n\n
In terms of investment, WeChat has made a significant impact on the Chinese market. It can be seen that this is a good opportunity to proceed with building a new trading system that focuses on cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>China Opens Blockchain Research Centre In Capital<\/a><\/p>\n","post_title":"Chinese Platform WeChat Accept Payments With The Digital Yuan CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chinese-platform-wechat-accept-payments-with-the-digital-yuan-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 17:21:15","post_modified_gmt":"2023-04-10 07:21:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10295","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10250,"post_author":"16","post_date":"2023-03-05 17:39:24","post_date_gmt":"2023-03-05 06:39:24","post_content":"\n
Chainlink has launched a new dedicated developer platform called 'Functions<\/a>'<\/em>. This platform will be the bridge between Web2 and Web3.<\/p>\n\n\n\n
'Functions' is the latest platform launched by Chainlink recently, with the feature of seamlessly connecting decentralized applications<\/a> (dApps) with the traditional web. The platform is in beta on the Ethereum Sepolia and Polygon Mumbai testnets.<\/p>\n\n\n\n
Chainlink's Functions will allow blockchain developers to connect their dApps or smart contracts<\/a> with any application programming interface within the traditional tech space without managing infrastructure. The platform has integrated with various cloud providers, including Amazon Web Services, Meta, and others.<\/p>\n\n\n\n
$\"Web3$
Chainlink Functions Use Cases Source: Chainlink<\/a><\/em><\/figcaption><\/figure>\n\n\n\n
According to Kemal El Moujahid, Chainlink's product manager, launching Functions will remove a significant hurdle in Web3 adoption. In the words of Moujahid, \u201cWith the launch of Functions, we are removing a major barrier to web3 adoption and helping developers combine smart contracts with the powerful APIs and web2 data sources they need to build Building great apps is easier than ever.\u201d<\/em><\/p>\n","post_title":"Chainlink's New Platform 'Functions' Will Bridge Web2 With Web3 Services Using An API","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlinks-new-platform-functions-will-bridge-web2-with-web3-services-using-an-api","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 17:29:38","post_modified_gmt":"2023-04-10 07:29:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10250","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10147,"post_author":"16","post_date":"2023-03-02 21:48:02","post_date_gmt":"2023-03-02 10:48:02","post_content":"\n
Didid Noordiatmoko, head of Indonesia's Commodity Futures Trading Authority (Bappebti<\/a>), said that the country aims to launch a state-backed cryptocurrency exchange by mid-year. According to Noordiatmoko, the most difficult part for Indonesian authorities in this process is the inability to define a certain standard for the exchange. However, the exchange will be run by a private company.<\/p>\n\n\n\n
Experts and investors believe that the launch of a state-backed electronic exchange will accelerate the development of cryptocurrency stock exchanges in Indonesia.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Indonesia Will Have Its Own Practical Crypto Exchange In 2023<\/a><\/p>\n\n\n\n
Setting the time is an important act of the Indonesian government in building its own exchange. In addition, the government of this country also established a system of regulations to avoid risks and protect customers in this country. The government had previously planned to launch the exchange by the end of 2022, which was delayed due to internal reasons and FTX's problems with the market.<\/p>\n\n\n\n
Along with the Indonesian exchange, there are plans to develop a cryptocurrency of its own. This currency is forecasted to be used in life, transportation, and economic categories, which will be launched after the development of the broker is completed.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631241581822095360\n<\/div><\/figure>\n","post_title":"Indonesia Set To Launch A State-Backed Crypto Exchange In Mid 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"indonesia-set-to-launch-a-state-backed-crypto-exchange-in-mid-2023","to_ping":"","pinged":"","post_modified":"2023-03-02 21:48:15","post_modified_gmt":"2023-03-02 10:48:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10085,"post_author":"16","post_date":"2023-02-28 00:17:15","post_date_gmt":"2023-02-27 13:17:15","post_content":"\n
On February 22, Hong Kong announced an investment of $6.3 million to develop the Web 3 ecosystem here.<\/p>\n\n\n\n
\n
Paul Chan, Hong Kong's Finance Minister, said the government will allocate HKD 50 million (about $6.37 million) to build the Web3 ecosystem. This was presented by him in the annual report at the Legislative Council of the Hong Kong Special Administrative Region. Chan commented that Web3 is in the startup stage with great potential. Therefore, Hong Kong needs to \"catch up with the times and seize the golden opportunity<\/em>\" to lead innovation development.
<\/li>\n\n\n\n
In the coming time, Hong Kong plans to set up and run a task force on virtual asset development with members from policy agencies, financial regulators, and market participants. The aim is to make recommendations to strengthen the industry's strong and sustainable development.
<\/li>\n\n\n\n
This is also a rare opportunity for Web 3 companies in Hong Kong, previously Hong Kong has announced that it will attract and support more than 1000 start-ups<\/a> in this field.
<\/li>\n\n\n\n
This is also the step that Chan has set for Hong Kong to become Asia's cryptocurrency center<\/a>. Now Hong Kong is like a \"black horse\" in the Asian market, and in the future, this city will become the second spear of China next to Beijing to help this country \"breakthrough\" the world market.<\/li>\n<\/ul>\n","post_title":"Hong Kong Invests Over $6.4M Into Web 3 Development","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-invests-over-6-4m-into-web-3-development","to_ping":"","pinged":"","post_modified":"2023-04-10 17:32:36","post_modified_gmt":"2023-04-10 07:32:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10085","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10013,"post_author":"16","post_date":"2023-02-22 13:10:58","post_date_gmt":"2023-02-22 02:10:58","post_content":"\n
FTX Japan announced<\/a> on its official website that customers of FTX Japan can start withdrawing money today, February 21, 2023, at 12:00 (JST).<\/p>\n\n\n\n
\n
Users can initiate withdrawals through the Liquid Japan platform. Liquid Japan<\/a> is a licensed Japanese crypto asset exchange acquired by FTX in 2022. Customers with assets in the account must confirm their balance and transfer it to their Liquid account. FTX Japan customers without a Liquid Japan account must open an account before receiving their assets.
<\/li>\n\n\n\n
According to documents published on December 26, 2022, FTX Japan manages customer deposits for all 14 cryptocurrencies it handles, including BTC and ETH. In addition, the company managed a legal currency balance of about 6.3 billion yen, exceeding customer deposits by about 300 million yen.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX\u2019s Former Executives Subpoenaed By Voyager Creditors To Explain Failed Bailout Attempts<\/a><\/p>\n\n\n\n
\n
FTX Japan adheres to strict rules set forth by the Financial Services Authority and is subject to Japanese laws regarding separate asset management. The agency has managed to minimize the impact of FTX Global's bankruptcy and take steps towards a smooth refund process for customers.<\/li>\n<\/ul>\n\n\n\n
\n
This is good news for investors using FTX in this Asian country, \"Amazing, in the gloom caused by FTX, this is the best decision I've ever seen, Japanese Government Banzai\"<\/em> - the delight of Mr. Dendei who invested 50K$ in FTX, told The Distributed.<\/li>\n<\/ul>\n","post_title":"FTX Japan Reopens Allowing Crypto And Fiat Withdrawals For Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-japan-reopens-allowing-crypto-and-fiat-withdrawals-for-investors","to_ping":"","pinged":"","post_modified":"2023-02-22 13:11:04","post_modified_gmt":"2023-02-22 02:11:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10013","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9964,"post_author":"16","post_date":"2023-02-19 22:37:19","post_date_gmt":"2023-02-19 11:37:19","post_content":"\n
If you are a fan of Final Fantasy, Tomb Raider, or Nier: Automata, the name Square Enix<\/a> is not unfamiliar to you. Recently, this popular Japanese game company has \"teased\" its first blockchain game.<\/p>\n\n\n\n
\n
Symbiogenesis is the new game name announced by this company, of course, the items exchanged in the game will be NFTized. Square Enix promises the game to bring an extremely unique experience to players with a lot of content for players to explore.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Play To Earn \u2013 Is The Future Of Gaming On The Blockchain?<\/a><\/p>\n\n\n\n
\n
The Japanese company's chosen platform is Polygon, with the advantages of fast transactions, low fees, safety, and good user experience. Polygon is a strategic step for Square Enix to join the ranks of major blockchain game companies worldwide.
<\/li>\n\n\n\n
This is a great opportunity for investors and gamers interested in Square Enix games. With its reputation, the \"giant from Japan\" quickly created a buzz in the market even though the game has not been released, this is a signal of the community's interest in this new project.
<\/li>\n\n\n\n
In recent years Japan has been promoting the blockchain industry<\/a>, rolling out plans to attract web 3, metaverse, etc. This is why Square Enix chose 2023 as the year to launch the project with maximum benefits received from support packages and at the same time, catch the wave of the era 2022 - 2025.<\/li>\n<\/ul>\n","post_title":"Community Awaiting The Arrival Of Square Enix's First Blockchain Game","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"community-awaiting-the-arrival-of-square-enixs-first-blockchain-game","to_ping":"","pinged":"","post_modified":"2023-02-19 22:37:23","post_modified_gmt":"2023-02-19 11:37:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9964","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9815,"post_author":"16","post_date":"2023-02-07 22:16:18","post_date_gmt":"2023-02-07 11:16:18","post_content":"\n
Recently, a former member of the Monetary Policy Committee at the People's Bank of China (PBoC), Huang Yiping called for Beijing to change its ban on cryptocurrencies in the country.<\/p>\n\n\n\n
\n
The economist thinks that the permanent ban on cryptocurrencies is only beneficial in the short term. Still, according to a long-term plan, it greatly affects China seizing big opportunities in the future. At the same time, this action will make China's FinTech industry backward in the future.
<\/li>\n\n\n\n
Although China is focusing on bringing blockchain technology into everyday life, the country is still famous for its \u201cblockchain, not Bitcoin\u201d stance. At the same time, the Chinese government has shown some hostility towards cryptocurrencies, eventually banning virtually all crypto transactions by 2021.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n\n\n\n
\n
If Mr Huang Yiping's proposal is approved, this will be a good sign for investors in China. Despite the ban, China remains the world's second-largest Bitcoin mining country as of January 2022, showing that a large crypto community still exists.
<\/li>\n\n\n\n
Some Chinese investors think that the government's ban only prohibits the trading of cryptocurrencies, but does not actually ban ownership of this virtual asset, so mining and holding here is completely legal.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n","post_title":"Economist Huang Yiping Urges China To Re-Evaluate Its Cryptocurrency Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"economist-huang-yiping-urges-china-to-re-evaluate-its-cryptocurrency-ban","to_ping":"","pinged":"","post_modified":"2023-02-07 22:16:26","post_modified_gmt":"2023-02-07 11:16:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9815","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Business

FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot

April 14, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
See Related: <\/em><\/strong>Ripple In Talks With Over 20 Central Banks For CBDC Development, Says Senior VP<\/a><\/p>\n\n\n\n
\n
The combination of WeChat and e-CNY makes adopting a CBDC<\/a> currency easier for consumers. On the other hand, it raises the awareness of the Chinese people about the potential and convenience of cryptocurrencies in the future.
<\/li>\n\n\n\n
In terms of investment, WeChat has made a significant impact on the Chinese market. It can be seen that this is a good opportunity to proceed with building a new trading system that focuses on cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>China Opens Blockchain Research Centre In Capital<\/a><\/p>\n","post_title":"Chinese Platform WeChat Accept Payments With The Digital Yuan CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chinese-platform-wechat-accept-payments-with-the-digital-yuan-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 17:21:15","post_modified_gmt":"2023-04-10 07:21:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10295","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10250,"post_author":"16","post_date":"2023-03-05 17:39:24","post_date_gmt":"2023-03-05 06:39:24","post_content":"\n
Chainlink has launched a new dedicated developer platform called 'Functions<\/a>'<\/em>. This platform will be the bridge between Web2 and Web3.<\/p>\n\n\n\n
'Functions' is the latest platform launched by Chainlink recently, with the feature of seamlessly connecting decentralized applications<\/a> (dApps) with the traditional web. The platform is in beta on the Ethereum Sepolia and Polygon Mumbai testnets.<\/p>\n\n\n\n
Chainlink's Functions will allow blockchain developers to connect their dApps or smart contracts<\/a> with any application programming interface within the traditional tech space without managing infrastructure. The platform has integrated with various cloud providers, including Amazon Web Services, Meta, and others.<\/p>\n\n\n\n
$\"Web3$
Chainlink Functions Use Cases Source: Chainlink<\/a><\/em><\/figcaption><\/figure>\n\n\n\n
According to Kemal El Moujahid, Chainlink's product manager, launching Functions will remove a significant hurdle in Web3 adoption. In the words of Moujahid, \u201cWith the launch of Functions, we are removing a major barrier to web3 adoption and helping developers combine smart contracts with the powerful APIs and web2 data sources they need to build Building great apps is easier than ever.\u201d<\/em><\/p>\n","post_title":"Chainlink's New Platform 'Functions' Will Bridge Web2 With Web3 Services Using An API","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlinks-new-platform-functions-will-bridge-web2-with-web3-services-using-an-api","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 17:29:38","post_modified_gmt":"2023-04-10 07:29:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10250","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10147,"post_author":"16","post_date":"2023-03-02 21:48:02","post_date_gmt":"2023-03-02 10:48:02","post_content":"\n
Didid Noordiatmoko, head of Indonesia's Commodity Futures Trading Authority (Bappebti<\/a>), said that the country aims to launch a state-backed cryptocurrency exchange by mid-year. According to Noordiatmoko, the most difficult part for Indonesian authorities in this process is the inability to define a certain standard for the exchange. However, the exchange will be run by a private company.<\/p>\n\n\n\n
Experts and investors believe that the launch of a state-backed electronic exchange will accelerate the development of cryptocurrency stock exchanges in Indonesia.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Indonesia Will Have Its Own Practical Crypto Exchange In 2023<\/a><\/p>\n\n\n\n
Setting the time is an important act of the Indonesian government in building its own exchange. In addition, the government of this country also established a system of regulations to avoid risks and protect customers in this country. The government had previously planned to launch the exchange by the end of 2022, which was delayed due to internal reasons and FTX's problems with the market.<\/p>\n\n\n\n
Along with the Indonesian exchange, there are plans to develop a cryptocurrency of its own. This currency is forecasted to be used in life, transportation, and economic categories, which will be launched after the development of the broker is completed.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631241581822095360\n<\/div><\/figure>\n","post_title":"Indonesia Set To Launch A State-Backed Crypto Exchange In Mid 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"indonesia-set-to-launch-a-state-backed-crypto-exchange-in-mid-2023","to_ping":"","pinged":"","post_modified":"2023-03-02 21:48:15","post_modified_gmt":"2023-03-02 10:48:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10085,"post_author":"16","post_date":"2023-02-28 00:17:15","post_date_gmt":"2023-02-27 13:17:15","post_content":"\n
On February 22, Hong Kong announced an investment of $6.3 million to develop the Web 3 ecosystem here.<\/p>\n\n\n\n
\n
Paul Chan, Hong Kong's Finance Minister, said the government will allocate HKD 50 million (about $6.37 million) to build the Web3 ecosystem. This was presented by him in the annual report at the Legislative Council of the Hong Kong Special Administrative Region. Chan commented that Web3 is in the startup stage with great potential. Therefore, Hong Kong needs to \"catch up with the times and seize the golden opportunity<\/em>\" to lead innovation development.
<\/li>\n\n\n\n
In the coming time, Hong Kong plans to set up and run a task force on virtual asset development with members from policy agencies, financial regulators, and market participants. The aim is to make recommendations to strengthen the industry's strong and sustainable development.
<\/li>\n\n\n\n
This is also a rare opportunity for Web 3 companies in Hong Kong, previously Hong Kong has announced that it will attract and support more than 1000 start-ups<\/a> in this field.
<\/li>\n\n\n\n
This is also the step that Chan has set for Hong Kong to become Asia's cryptocurrency center<\/a>. Now Hong Kong is like a \"black horse\" in the Asian market, and in the future, this city will become the second spear of China next to Beijing to help this country \"breakthrough\" the world market.<\/li>\n<\/ul>\n","post_title":"Hong Kong Invests Over $6.4M Into Web 3 Development","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-invests-over-6-4m-into-web-3-development","to_ping":"","pinged":"","post_modified":"2023-04-10 17:32:36","post_modified_gmt":"2023-04-10 07:32:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10085","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10013,"post_author":"16","post_date":"2023-02-22 13:10:58","post_date_gmt":"2023-02-22 02:10:58","post_content":"\n
FTX Japan announced<\/a> on its official website that customers of FTX Japan can start withdrawing money today, February 21, 2023, at 12:00 (JST).<\/p>\n\n\n\n
\n
Users can initiate withdrawals through the Liquid Japan platform. Liquid Japan<\/a> is a licensed Japanese crypto asset exchange acquired by FTX in 2022. Customers with assets in the account must confirm their balance and transfer it to their Liquid account. FTX Japan customers without a Liquid Japan account must open an account before receiving their assets.
<\/li>\n\n\n\n
According to documents published on December 26, 2022, FTX Japan manages customer deposits for all 14 cryptocurrencies it handles, including BTC and ETH. In addition, the company managed a legal currency balance of about 6.3 billion yen, exceeding customer deposits by about 300 million yen.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX\u2019s Former Executives Subpoenaed By Voyager Creditors To Explain Failed Bailout Attempts<\/a><\/p>\n\n\n\n
\n
FTX Japan adheres to strict rules set forth by the Financial Services Authority and is subject to Japanese laws regarding separate asset management. The agency has managed to minimize the impact of FTX Global's bankruptcy and take steps towards a smooth refund process for customers.<\/li>\n<\/ul>\n\n\n\n
\n
This is good news for investors using FTX in this Asian country, \"Amazing, in the gloom caused by FTX, this is the best decision I've ever seen, Japanese Government Banzai\"<\/em> - the delight of Mr. Dendei who invested 50K$ in FTX, told The Distributed.<\/li>\n<\/ul>\n","post_title":"FTX Japan Reopens Allowing Crypto And Fiat Withdrawals For Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-japan-reopens-allowing-crypto-and-fiat-withdrawals-for-investors","to_ping":"","pinged":"","post_modified":"2023-02-22 13:11:04","post_modified_gmt":"2023-02-22 02:11:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10013","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9964,"post_author":"16","post_date":"2023-02-19 22:37:19","post_date_gmt":"2023-02-19 11:37:19","post_content":"\n
If you are a fan of Final Fantasy, Tomb Raider, or Nier: Automata, the name Square Enix<\/a> is not unfamiliar to you. Recently, this popular Japanese game company has \"teased\" its first blockchain game.<\/p>\n\n\n\n
\n
Symbiogenesis is the new game name announced by this company, of course, the items exchanged in the game will be NFTized. Square Enix promises the game to bring an extremely unique experience to players with a lot of content for players to explore.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Play To Earn \u2013 Is The Future Of Gaming On The Blockchain?<\/a><\/p>\n\n\n\n
\n
The Japanese company's chosen platform is Polygon, with the advantages of fast transactions, low fees, safety, and good user experience. Polygon is a strategic step for Square Enix to join the ranks of major blockchain game companies worldwide.
<\/li>\n\n\n\n
This is a great opportunity for investors and gamers interested in Square Enix games. With its reputation, the \"giant from Japan\" quickly created a buzz in the market even though the game has not been released, this is a signal of the community's interest in this new project.
<\/li>\n\n\n\n
In recent years Japan has been promoting the blockchain industry<\/a>, rolling out plans to attract web 3, metaverse, etc. This is why Square Enix chose 2023 as the year to launch the project with maximum benefits received from support packages and at the same time, catch the wave of the era 2022 - 2025.<\/li>\n<\/ul>\n","post_title":"Community Awaiting The Arrival Of Square Enix's First Blockchain Game","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"community-awaiting-the-arrival-of-square-enixs-first-blockchain-game","to_ping":"","pinged":"","post_modified":"2023-02-19 22:37:23","post_modified_gmt":"2023-02-19 11:37:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9964","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9815,"post_author":"16","post_date":"2023-02-07 22:16:18","post_date_gmt":"2023-02-07 11:16:18","post_content":"\n
Recently, a former member of the Monetary Policy Committee at the People's Bank of China (PBoC), Huang Yiping called for Beijing to change its ban on cryptocurrencies in the country.<\/p>\n\n\n\n
\n
The economist thinks that the permanent ban on cryptocurrencies is only beneficial in the short term. Still, according to a long-term plan, it greatly affects China seizing big opportunities in the future. At the same time, this action will make China's FinTech industry backward in the future.
<\/li>\n\n\n\n
Although China is focusing on bringing blockchain technology into everyday life, the country is still famous for its \u201cblockchain, not Bitcoin\u201d stance. At the same time, the Chinese government has shown some hostility towards cryptocurrencies, eventually banning virtually all crypto transactions by 2021.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n\n\n\n
\n
If Mr Huang Yiping's proposal is approved, this will be a good sign for investors in China. Despite the ban, China remains the world's second-largest Bitcoin mining country as of January 2022, showing that a large crypto community still exists.
<\/li>\n\n\n\n
Some Chinese investors think that the government's ban only prohibits the trading of cryptocurrencies, but does not actually ban ownership of this virtual asset, so mining and holding here is completely legal.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n","post_title":"Economist Huang Yiping Urges China To Re-Evaluate Its Cryptocurrency Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"economist-huang-yiping-urges-china-to-re-evaluate-its-cryptocurrency-ban","to_ping":"","pinged":"","post_modified":"2023-02-07 22:16:26","post_modified_gmt":"2023-02-07 11:16:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9815","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Business

FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot

April 14, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
WeChat Pay wallet has over 3 billion users per quarter and allows users to use e-CNY to make payments, such as ordering fast food or topping up some mobile games connected with this platform.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple In Talks With Over 20 Central Banks For CBDC Development, Says Senior VP<\/a><\/p>\n\n\n\n
\n
The combination of WeChat and e-CNY makes adopting a CBDC<\/a> currency easier for consumers. On the other hand, it raises the awareness of the Chinese people about the potential and convenience of cryptocurrencies in the future.
<\/li>\n\n\n\n
In terms of investment, WeChat has made a significant impact on the Chinese market. It can be seen that this is a good opportunity to proceed with building a new trading system that focuses on cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>China Opens Blockchain Research Centre In Capital<\/a><\/p>\n","post_title":"Chinese Platform WeChat Accept Payments With The Digital Yuan CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chinese-platform-wechat-accept-payments-with-the-digital-yuan-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 17:21:15","post_modified_gmt":"2023-04-10 07:21:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10295","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10250,"post_author":"16","post_date":"2023-03-05 17:39:24","post_date_gmt":"2023-03-05 06:39:24","post_content":"\n
Chainlink has launched a new dedicated developer platform called 'Functions<\/a>'<\/em>. This platform will be the bridge between Web2 and Web3.<\/p>\n\n\n\n
'Functions' is the latest platform launched by Chainlink recently, with the feature of seamlessly connecting decentralized applications<\/a> (dApps) with the traditional web. The platform is in beta on the Ethereum Sepolia and Polygon Mumbai testnets.<\/p>\n\n\n\n
Chainlink's Functions will allow blockchain developers to connect their dApps or smart contracts<\/a> with any application programming interface within the traditional tech space without managing infrastructure. The platform has integrated with various cloud providers, including Amazon Web Services, Meta, and others.<\/p>\n\n\n\n
$\"Web3$
Chainlink Functions Use Cases Source: Chainlink<\/a><\/em><\/figcaption><\/figure>\n\n\n\n
According to Kemal El Moujahid, Chainlink's product manager, launching Functions will remove a significant hurdle in Web3 adoption. In the words of Moujahid, \u201cWith the launch of Functions, we are removing a major barrier to web3 adoption and helping developers combine smart contracts with the powerful APIs and web2 data sources they need to build Building great apps is easier than ever.\u201d<\/em><\/p>\n","post_title":"Chainlink's New Platform 'Functions' Will Bridge Web2 With Web3 Services Using An API","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlinks-new-platform-functions-will-bridge-web2-with-web3-services-using-an-api","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 17:29:38","post_modified_gmt":"2023-04-10 07:29:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10250","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10147,"post_author":"16","post_date":"2023-03-02 21:48:02","post_date_gmt":"2023-03-02 10:48:02","post_content":"\n
Didid Noordiatmoko, head of Indonesia's Commodity Futures Trading Authority (Bappebti<\/a>), said that the country aims to launch a state-backed cryptocurrency exchange by mid-year. According to Noordiatmoko, the most difficult part for Indonesian authorities in this process is the inability to define a certain standard for the exchange. However, the exchange will be run by a private company.<\/p>\n\n\n\n
Experts and investors believe that the launch of a state-backed electronic exchange will accelerate the development of cryptocurrency stock exchanges in Indonesia.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Indonesia Will Have Its Own Practical Crypto Exchange In 2023<\/a><\/p>\n\n\n\n
Setting the time is an important act of the Indonesian government in building its own exchange. In addition, the government of this country also established a system of regulations to avoid risks and protect customers in this country. The government had previously planned to launch the exchange by the end of 2022, which was delayed due to internal reasons and FTX's problems with the market.<\/p>\n\n\n\n
Along with the Indonesian exchange, there are plans to develop a cryptocurrency of its own. This currency is forecasted to be used in life, transportation, and economic categories, which will be launched after the development of the broker is completed.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631241581822095360\n<\/div><\/figure>\n","post_title":"Indonesia Set To Launch A State-Backed Crypto Exchange In Mid 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"indonesia-set-to-launch-a-state-backed-crypto-exchange-in-mid-2023","to_ping":"","pinged":"","post_modified":"2023-03-02 21:48:15","post_modified_gmt":"2023-03-02 10:48:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10085,"post_author":"16","post_date":"2023-02-28 00:17:15","post_date_gmt":"2023-02-27 13:17:15","post_content":"\n
On February 22, Hong Kong announced an investment of $6.3 million to develop the Web 3 ecosystem here.<\/p>\n\n\n\n
\n
Paul Chan, Hong Kong's Finance Minister, said the government will allocate HKD 50 million (about $6.37 million) to build the Web3 ecosystem. This was presented by him in the annual report at the Legislative Council of the Hong Kong Special Administrative Region. Chan commented that Web3 is in the startup stage with great potential. Therefore, Hong Kong needs to \"catch up with the times and seize the golden opportunity<\/em>\" to lead innovation development.
<\/li>\n\n\n\n
In the coming time, Hong Kong plans to set up and run a task force on virtual asset development with members from policy agencies, financial regulators, and market participants. The aim is to make recommendations to strengthen the industry's strong and sustainable development.
<\/li>\n\n\n\n
This is also a rare opportunity for Web 3 companies in Hong Kong, previously Hong Kong has announced that it will attract and support more than 1000 start-ups<\/a> in this field.
<\/li>\n\n\n\n
This is also the step that Chan has set for Hong Kong to become Asia's cryptocurrency center<\/a>. Now Hong Kong is like a \"black horse\" in the Asian market, and in the future, this city will become the second spear of China next to Beijing to help this country \"breakthrough\" the world market.<\/li>\n<\/ul>\n","post_title":"Hong Kong Invests Over $6.4M Into Web 3 Development","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-invests-over-6-4m-into-web-3-development","to_ping":"","pinged":"","post_modified":"2023-04-10 17:32:36","post_modified_gmt":"2023-04-10 07:32:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10085","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10013,"post_author":"16","post_date":"2023-02-22 13:10:58","post_date_gmt":"2023-02-22 02:10:58","post_content":"\n
FTX Japan announced<\/a> on its official website that customers of FTX Japan can start withdrawing money today, February 21, 2023, at 12:00 (JST).<\/p>\n\n\n\n
\n
Users can initiate withdrawals through the Liquid Japan platform. Liquid Japan<\/a> is a licensed Japanese crypto asset exchange acquired by FTX in 2022. Customers with assets in the account must confirm their balance and transfer it to their Liquid account. FTX Japan customers without a Liquid Japan account must open an account before receiving their assets.
<\/li>\n\n\n\n
According to documents published on December 26, 2022, FTX Japan manages customer deposits for all 14 cryptocurrencies it handles, including BTC and ETH. In addition, the company managed a legal currency balance of about 6.3 billion yen, exceeding customer deposits by about 300 million yen.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX\u2019s Former Executives Subpoenaed By Voyager Creditors To Explain Failed Bailout Attempts<\/a><\/p>\n\n\n\n
\n
FTX Japan adheres to strict rules set forth by the Financial Services Authority and is subject to Japanese laws regarding separate asset management. The agency has managed to minimize the impact of FTX Global's bankruptcy and take steps towards a smooth refund process for customers.<\/li>\n<\/ul>\n\n\n\n
\n
This is good news for investors using FTX in this Asian country, \"Amazing, in the gloom caused by FTX, this is the best decision I've ever seen, Japanese Government Banzai\"<\/em> - the delight of Mr. Dendei who invested 50K$ in FTX, told The Distributed.<\/li>\n<\/ul>\n","post_title":"FTX Japan Reopens Allowing Crypto And Fiat Withdrawals For Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-japan-reopens-allowing-crypto-and-fiat-withdrawals-for-investors","to_ping":"","pinged":"","post_modified":"2023-02-22 13:11:04","post_modified_gmt":"2023-02-22 02:11:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10013","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9964,"post_author":"16","post_date":"2023-02-19 22:37:19","post_date_gmt":"2023-02-19 11:37:19","post_content":"\n
If you are a fan of Final Fantasy, Tomb Raider, or Nier: Automata, the name Square Enix<\/a> is not unfamiliar to you. Recently, this popular Japanese game company has \"teased\" its first blockchain game.<\/p>\n\n\n\n
\n
Symbiogenesis is the new game name announced by this company, of course, the items exchanged in the game will be NFTized. Square Enix promises the game to bring an extremely unique experience to players with a lot of content for players to explore.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Play To Earn \u2013 Is The Future Of Gaming On The Blockchain?<\/a><\/p>\n\n\n\n
\n
The Japanese company's chosen platform is Polygon, with the advantages of fast transactions, low fees, safety, and good user experience. Polygon is a strategic step for Square Enix to join the ranks of major blockchain game companies worldwide.
<\/li>\n\n\n\n
This is a great opportunity for investors and gamers interested in Square Enix games. With its reputation, the \"giant from Japan\" quickly created a buzz in the market even though the game has not been released, this is a signal of the community's interest in this new project.
<\/li>\n\n\n\n
In recent years Japan has been promoting the blockchain industry<\/a>, rolling out plans to attract web 3, metaverse, etc. This is why Square Enix chose 2023 as the year to launch the project with maximum benefits received from support packages and at the same time, catch the wave of the era 2022 - 2025.<\/li>\n<\/ul>\n","post_title":"Community Awaiting The Arrival Of Square Enix's First Blockchain Game","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"community-awaiting-the-arrival-of-square-enixs-first-blockchain-game","to_ping":"","pinged":"","post_modified":"2023-02-19 22:37:23","post_modified_gmt":"2023-02-19 11:37:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9964","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9815,"post_author":"16","post_date":"2023-02-07 22:16:18","post_date_gmt":"2023-02-07 11:16:18","post_content":"\n
Recently, a former member of the Monetary Policy Committee at the People's Bank of China (PBoC), Huang Yiping called for Beijing to change its ban on cryptocurrencies in the country.<\/p>\n\n\n\n
\n
The economist thinks that the permanent ban on cryptocurrencies is only beneficial in the short term. Still, according to a long-term plan, it greatly affects China seizing big opportunities in the future. At the same time, this action will make China's FinTech industry backward in the future.
<\/li>\n\n\n\n
Although China is focusing on bringing blockchain technology into everyday life, the country is still famous for its \u201cblockchain, not Bitcoin\u201d stance. At the same time, the Chinese government has shown some hostility towards cryptocurrencies, eventually banning virtually all crypto transactions by 2021.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n\n\n\n
\n
If Mr Huang Yiping's proposal is approved, this will be a good sign for investors in China. Despite the ban, China remains the world's second-largest Bitcoin mining country as of January 2022, showing that a large crypto community still exists.
<\/li>\n\n\n\n
Some Chinese investors think that the government's ban only prohibits the trading of cryptocurrencies, but does not actually ban ownership of this virtual asset, so mining and holding here is completely legal.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n","post_title":"Economist Huang Yiping Urges China To Re-Evaluate Its Cryptocurrency Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"economist-huang-yiping-urges-china-to-re-evaluate-its-cryptocurrency-ban","to_ping":"","pinged":"","post_modified":"2023-02-07 22:16:26","post_modified_gmt":"2023-02-07 11:16:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9815","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Business

FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot

April 14, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
WeChat is currently the largest social network in China and is expanding to more than 200 countries with 900 million individual users. With the strong development of WeChat today, this action of \"tycoon\" has brought the value of e-CNY to the world.
<\/li>\n\n\n\n
WeChat Pay wallet has over 3 billion users per quarter and allows users to use e-CNY to make payments, such as ordering fast food or topping up some mobile games connected with this platform.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple In Talks With Over 20 Central Banks For CBDC Development, Says Senior VP<\/a><\/p>\n\n\n\n
\n
The combination of WeChat and e-CNY makes adopting a CBDC<\/a> currency easier for consumers. On the other hand, it raises the awareness of the Chinese people about the potential and convenience of cryptocurrencies in the future.
<\/li>\n\n\n\n
In terms of investment, WeChat has made a significant impact on the Chinese market. It can be seen that this is a good opportunity to proceed with building a new trading system that focuses on cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>China Opens Blockchain Research Centre In Capital<\/a><\/p>\n","post_title":"Chinese Platform WeChat Accept Payments With The Digital Yuan CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chinese-platform-wechat-accept-payments-with-the-digital-yuan-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 17:21:15","post_modified_gmt":"2023-04-10 07:21:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10295","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10250,"post_author":"16","post_date":"2023-03-05 17:39:24","post_date_gmt":"2023-03-05 06:39:24","post_content":"\n
Chainlink has launched a new dedicated developer platform called 'Functions<\/a>'<\/em>. This platform will be the bridge between Web2 and Web3.<\/p>\n\n\n\n
'Functions' is the latest platform launched by Chainlink recently, with the feature of seamlessly connecting decentralized applications<\/a> (dApps) with the traditional web. The platform is in beta on the Ethereum Sepolia and Polygon Mumbai testnets.<\/p>\n\n\n\n
Chainlink's Functions will allow blockchain developers to connect their dApps or smart contracts<\/a> with any application programming interface within the traditional tech space without managing infrastructure. The platform has integrated with various cloud providers, including Amazon Web Services, Meta, and others.<\/p>\n\n\n\n
$\"Web3$
Chainlink Functions Use Cases Source: Chainlink<\/a><\/em><\/figcaption><\/figure>\n\n\n\n
According to Kemal El Moujahid, Chainlink's product manager, launching Functions will remove a significant hurdle in Web3 adoption. In the words of Moujahid, \u201cWith the launch of Functions, we are removing a major barrier to web3 adoption and helping developers combine smart contracts with the powerful APIs and web2 data sources they need to build Building great apps is easier than ever.\u201d<\/em><\/p>\n","post_title":"Chainlink's New Platform 'Functions' Will Bridge Web2 With Web3 Services Using An API","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlinks-new-platform-functions-will-bridge-web2-with-web3-services-using-an-api","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 17:29:38","post_modified_gmt":"2023-04-10 07:29:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10250","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10147,"post_author":"16","post_date":"2023-03-02 21:48:02","post_date_gmt":"2023-03-02 10:48:02","post_content":"\n
Didid Noordiatmoko, head of Indonesia's Commodity Futures Trading Authority (Bappebti<\/a>), said that the country aims to launch a state-backed cryptocurrency exchange by mid-year. According to Noordiatmoko, the most difficult part for Indonesian authorities in this process is the inability to define a certain standard for the exchange. However, the exchange will be run by a private company.<\/p>\n\n\n\n
Experts and investors believe that the launch of a state-backed electronic exchange will accelerate the development of cryptocurrency stock exchanges in Indonesia.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Indonesia Will Have Its Own Practical Crypto Exchange In 2023<\/a><\/p>\n\n\n\n
Setting the time is an important act of the Indonesian government in building its own exchange. In addition, the government of this country also established a system of regulations to avoid risks and protect customers in this country. The government had previously planned to launch the exchange by the end of 2022, which was delayed due to internal reasons and FTX's problems with the market.<\/p>\n\n\n\n
Along with the Indonesian exchange, there are plans to develop a cryptocurrency of its own. This currency is forecasted to be used in life, transportation, and economic categories, which will be launched after the development of the broker is completed.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631241581822095360\n<\/div><\/figure>\n","post_title":"Indonesia Set To Launch A State-Backed Crypto Exchange In Mid 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"indonesia-set-to-launch-a-state-backed-crypto-exchange-in-mid-2023","to_ping":"","pinged":"","post_modified":"2023-03-02 21:48:15","post_modified_gmt":"2023-03-02 10:48:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10085,"post_author":"16","post_date":"2023-02-28 00:17:15","post_date_gmt":"2023-02-27 13:17:15","post_content":"\n
On February 22, Hong Kong announced an investment of $6.3 million to develop the Web 3 ecosystem here.<\/p>\n\n\n\n
\n
Paul Chan, Hong Kong's Finance Minister, said the government will allocate HKD 50 million (about $6.37 million) to build the Web3 ecosystem. This was presented by him in the annual report at the Legislative Council of the Hong Kong Special Administrative Region. Chan commented that Web3 is in the startup stage with great potential. Therefore, Hong Kong needs to \"catch up with the times and seize the golden opportunity<\/em>\" to lead innovation development.
<\/li>\n\n\n\n
In the coming time, Hong Kong plans to set up and run a task force on virtual asset development with members from policy agencies, financial regulators, and market participants. The aim is to make recommendations to strengthen the industry's strong and sustainable development.
<\/li>\n\n\n\n
This is also a rare opportunity for Web 3 companies in Hong Kong, previously Hong Kong has announced that it will attract and support more than 1000 start-ups<\/a> in this field.
<\/li>\n\n\n\n
This is also the step that Chan has set for Hong Kong to become Asia's cryptocurrency center<\/a>. Now Hong Kong is like a \"black horse\" in the Asian market, and in the future, this city will become the second spear of China next to Beijing to help this country \"breakthrough\" the world market.<\/li>\n<\/ul>\n","post_title":"Hong Kong Invests Over $6.4M Into Web 3 Development","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-invests-over-6-4m-into-web-3-development","to_ping":"","pinged":"","post_modified":"2023-04-10 17:32:36","post_modified_gmt":"2023-04-10 07:32:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10085","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10013,"post_author":"16","post_date":"2023-02-22 13:10:58","post_date_gmt":"2023-02-22 02:10:58","post_content":"\n
FTX Japan announced<\/a> on its official website that customers of FTX Japan can start withdrawing money today, February 21, 2023, at 12:00 (JST).<\/p>\n\n\n\n
\n
Users can initiate withdrawals through the Liquid Japan platform. Liquid Japan<\/a> is a licensed Japanese crypto asset exchange acquired by FTX in 2022. Customers with assets in the account must confirm their balance and transfer it to their Liquid account. FTX Japan customers without a Liquid Japan account must open an account before receiving their assets.
<\/li>\n\n\n\n
According to documents published on December 26, 2022, FTX Japan manages customer deposits for all 14 cryptocurrencies it handles, including BTC and ETH. In addition, the company managed a legal currency balance of about 6.3 billion yen, exceeding customer deposits by about 300 million yen.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX\u2019s Former Executives Subpoenaed By Voyager Creditors To Explain Failed Bailout Attempts<\/a><\/p>\n\n\n\n
\n
FTX Japan adheres to strict rules set forth by the Financial Services Authority and is subject to Japanese laws regarding separate asset management. The agency has managed to minimize the impact of FTX Global's bankruptcy and take steps towards a smooth refund process for customers.<\/li>\n<\/ul>\n\n\n\n
\n
This is good news for investors using FTX in this Asian country, \"Amazing, in the gloom caused by FTX, this is the best decision I've ever seen, Japanese Government Banzai\"<\/em> - the delight of Mr. Dendei who invested 50K$ in FTX, told The Distributed.<\/li>\n<\/ul>\n","post_title":"FTX Japan Reopens Allowing Crypto And Fiat Withdrawals For Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-japan-reopens-allowing-crypto-and-fiat-withdrawals-for-investors","to_ping":"","pinged":"","post_modified":"2023-02-22 13:11:04","post_modified_gmt":"2023-02-22 02:11:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10013","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9964,"post_author":"16","post_date":"2023-02-19 22:37:19","post_date_gmt":"2023-02-19 11:37:19","post_content":"\n
If you are a fan of Final Fantasy, Tomb Raider, or Nier: Automata, the name Square Enix<\/a> is not unfamiliar to you. Recently, this popular Japanese game company has \"teased\" its first blockchain game.<\/p>\n\n\n\n
\n
Symbiogenesis is the new game name announced by this company, of course, the items exchanged in the game will be NFTized. Square Enix promises the game to bring an extremely unique experience to players with a lot of content for players to explore.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Play To Earn \u2013 Is The Future Of Gaming On The Blockchain?<\/a><\/p>\n\n\n\n
\n
The Japanese company's chosen platform is Polygon, with the advantages of fast transactions, low fees, safety, and good user experience. Polygon is a strategic step for Square Enix to join the ranks of major blockchain game companies worldwide.
<\/li>\n\n\n\n
This is a great opportunity for investors and gamers interested in Square Enix games. With its reputation, the \"giant from Japan\" quickly created a buzz in the market even though the game has not been released, this is a signal of the community's interest in this new project.
<\/li>\n\n\n\n
In recent years Japan has been promoting the blockchain industry<\/a>, rolling out plans to attract web 3, metaverse, etc. This is why Square Enix chose 2023 as the year to launch the project with maximum benefits received from support packages and at the same time, catch the wave of the era 2022 - 2025.<\/li>\n<\/ul>\n","post_title":"Community Awaiting The Arrival Of Square Enix's First Blockchain Game","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"community-awaiting-the-arrival-of-square-enixs-first-blockchain-game","to_ping":"","pinged":"","post_modified":"2023-02-19 22:37:23","post_modified_gmt":"2023-02-19 11:37:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9964","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9815,"post_author":"16","post_date":"2023-02-07 22:16:18","post_date_gmt":"2023-02-07 11:16:18","post_content":"\n
Recently, a former member of the Monetary Policy Committee at the People's Bank of China (PBoC), Huang Yiping called for Beijing to change its ban on cryptocurrencies in the country.<\/p>\n\n\n\n
\n
The economist thinks that the permanent ban on cryptocurrencies is only beneficial in the short term. Still, according to a long-term plan, it greatly affects China seizing big opportunities in the future. At the same time, this action will make China's FinTech industry backward in the future.
<\/li>\n\n\n\n
Although China is focusing on bringing blockchain technology into everyday life, the country is still famous for its \u201cblockchain, not Bitcoin\u201d stance. At the same time, the Chinese government has shown some hostility towards cryptocurrencies, eventually banning virtually all crypto transactions by 2021.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n\n\n\n
\n
If Mr Huang Yiping's proposal is approved, this will be a good sign for investors in China. Despite the ban, China remains the world's second-largest Bitcoin mining country as of January 2022, showing that a large crypto community still exists.
<\/li>\n\n\n\n
Some Chinese investors think that the government's ban only prohibits the trading of cryptocurrencies, but does not actually ban ownership of this virtual asset, so mining and holding here is completely legal.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n","post_title":"Economist Huang Yiping Urges China To Re-Evaluate Its Cryptocurrency Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"economist-huang-yiping-urges-china-to-re-evaluate-its-cryptocurrency-ban","to_ping":"","pinged":"","post_modified":"2023-02-07 22:16:26","post_modified_gmt":"2023-02-07 11:16:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9815","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Business

FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot

April 14, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
WeChat is currently the largest social network in China and is expanding to more than 200 countries with 900 million individual users. With the strong development of WeChat today, this action of \"tycoon\" has brought the value of e-CNY to the world.
<\/li>\n\n\n\n
WeChat Pay wallet has over 3 billion users per quarter and allows users to use e-CNY to make payments, such as ordering fast food or topping up some mobile games connected with this platform.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple In Talks With Over 20 Central Banks For CBDC Development, Says Senior VP<\/a><\/p>\n\n\n\n
\n
The combination of WeChat and e-CNY makes adopting a CBDC<\/a> currency easier for consumers. On the other hand, it raises the awareness of the Chinese people about the potential and convenience of cryptocurrencies in the future.
<\/li>\n\n\n\n
In terms of investment, WeChat has made a significant impact on the Chinese market. It can be seen that this is a good opportunity to proceed with building a new trading system that focuses on cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>China Opens Blockchain Research Centre In Capital<\/a><\/p>\n","post_title":"Chinese Platform WeChat Accept Payments With The Digital Yuan CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chinese-platform-wechat-accept-payments-with-the-digital-yuan-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 17:21:15","post_modified_gmt":"2023-04-10 07:21:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10295","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10250,"post_author":"16","post_date":"2023-03-05 17:39:24","post_date_gmt":"2023-03-05 06:39:24","post_content":"\n
Chainlink has launched a new dedicated developer platform called 'Functions<\/a>'<\/em>. This platform will be the bridge between Web2 and Web3.<\/p>\n\n\n\n
'Functions' is the latest platform launched by Chainlink recently, with the feature of seamlessly connecting decentralized applications<\/a> (dApps) with the traditional web. The platform is in beta on the Ethereum Sepolia and Polygon Mumbai testnets.<\/p>\n\n\n\n
Chainlink's Functions will allow blockchain developers to connect their dApps or smart contracts<\/a> with any application programming interface within the traditional tech space without managing infrastructure. The platform has integrated with various cloud providers, including Amazon Web Services, Meta, and others.<\/p>\n\n\n\n
$\"Web3$
Chainlink Functions Use Cases Source: Chainlink<\/a><\/em><\/figcaption><\/figure>\n\n\n\n
According to Kemal El Moujahid, Chainlink's product manager, launching Functions will remove a significant hurdle in Web3 adoption. In the words of Moujahid, \u201cWith the launch of Functions, we are removing a major barrier to web3 adoption and helping developers combine smart contracts with the powerful APIs and web2 data sources they need to build Building great apps is easier than ever.\u201d<\/em><\/p>\n","post_title":"Chainlink's New Platform 'Functions' Will Bridge Web2 With Web3 Services Using An API","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlinks-new-platform-functions-will-bridge-web2-with-web3-services-using-an-api","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 17:29:38","post_modified_gmt":"2023-04-10 07:29:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10250","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10147,"post_author":"16","post_date":"2023-03-02 21:48:02","post_date_gmt":"2023-03-02 10:48:02","post_content":"\n
Didid Noordiatmoko, head of Indonesia's Commodity Futures Trading Authority (Bappebti<\/a>), said that the country aims to launch a state-backed cryptocurrency exchange by mid-year. According to Noordiatmoko, the most difficult part for Indonesian authorities in this process is the inability to define a certain standard for the exchange. However, the exchange will be run by a private company.<\/p>\n\n\n\n
Experts and investors believe that the launch of a state-backed electronic exchange will accelerate the development of cryptocurrency stock exchanges in Indonesia.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Indonesia Will Have Its Own Practical Crypto Exchange In 2023<\/a><\/p>\n\n\n\n
Setting the time is an important act of the Indonesian government in building its own exchange. In addition, the government of this country also established a system of regulations to avoid risks and protect customers in this country. The government had previously planned to launch the exchange by the end of 2022, which was delayed due to internal reasons and FTX's problems with the market.<\/p>\n\n\n\n
Along with the Indonesian exchange, there are plans to develop a cryptocurrency of its own. This currency is forecasted to be used in life, transportation, and economic categories, which will be launched after the development of the broker is completed.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631241581822095360\n<\/div><\/figure>\n","post_title":"Indonesia Set To Launch A State-Backed Crypto Exchange In Mid 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"indonesia-set-to-launch-a-state-backed-crypto-exchange-in-mid-2023","to_ping":"","pinged":"","post_modified":"2023-03-02 21:48:15","post_modified_gmt":"2023-03-02 10:48:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10085,"post_author":"16","post_date":"2023-02-28 00:17:15","post_date_gmt":"2023-02-27 13:17:15","post_content":"\n
On February 22, Hong Kong announced an investment of $6.3 million to develop the Web 3 ecosystem here.<\/p>\n\n\n\n
\n
Paul Chan, Hong Kong's Finance Minister, said the government will allocate HKD 50 million (about $6.37 million) to build the Web3 ecosystem. This was presented by him in the annual report at the Legislative Council of the Hong Kong Special Administrative Region. Chan commented that Web3 is in the startup stage with great potential. Therefore, Hong Kong needs to \"catch up with the times and seize the golden opportunity<\/em>\" to lead innovation development.
<\/li>\n\n\n\n
In the coming time, Hong Kong plans to set up and run a task force on virtual asset development with members from policy agencies, financial regulators, and market participants. The aim is to make recommendations to strengthen the industry's strong and sustainable development.
<\/li>\n\n\n\n
This is also a rare opportunity for Web 3 companies in Hong Kong, previously Hong Kong has announced that it will attract and support more than 1000 start-ups<\/a> in this field.
<\/li>\n\n\n\n
This is also the step that Chan has set for Hong Kong to become Asia's cryptocurrency center<\/a>. Now Hong Kong is like a \"black horse\" in the Asian market, and in the future, this city will become the second spear of China next to Beijing to help this country \"breakthrough\" the world market.<\/li>\n<\/ul>\n","post_title":"Hong Kong Invests Over $6.4M Into Web 3 Development","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-invests-over-6-4m-into-web-3-development","to_ping":"","pinged":"","post_modified":"2023-04-10 17:32:36","post_modified_gmt":"2023-04-10 07:32:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10085","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10013,"post_author":"16","post_date":"2023-02-22 13:10:58","post_date_gmt":"2023-02-22 02:10:58","post_content":"\n
FTX Japan announced<\/a> on its official website that customers of FTX Japan can start withdrawing money today, February 21, 2023, at 12:00 (JST).<\/p>\n\n\n\n
\n
Users can initiate withdrawals through the Liquid Japan platform. Liquid Japan<\/a> is a licensed Japanese crypto asset exchange acquired by FTX in 2022. Customers with assets in the account must confirm their balance and transfer it to their Liquid account. FTX Japan customers without a Liquid Japan account must open an account before receiving their assets.
<\/li>\n\n\n\n
According to documents published on December 26, 2022, FTX Japan manages customer deposits for all 14 cryptocurrencies it handles, including BTC and ETH. In addition, the company managed a legal currency balance of about 6.3 billion yen, exceeding customer deposits by about 300 million yen.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX\u2019s Former Executives Subpoenaed By Voyager Creditors To Explain Failed Bailout Attempts<\/a><\/p>\n\n\n\n
\n
FTX Japan adheres to strict rules set forth by the Financial Services Authority and is subject to Japanese laws regarding separate asset management. The agency has managed to minimize the impact of FTX Global's bankruptcy and take steps towards a smooth refund process for customers.<\/li>\n<\/ul>\n\n\n\n
\n
This is good news for investors using FTX in this Asian country, \"Amazing, in the gloom caused by FTX, this is the best decision I've ever seen, Japanese Government Banzai\"<\/em> - the delight of Mr. Dendei who invested 50K$ in FTX, told The Distributed.<\/li>\n<\/ul>\n","post_title":"FTX Japan Reopens Allowing Crypto And Fiat Withdrawals For Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-japan-reopens-allowing-crypto-and-fiat-withdrawals-for-investors","to_ping":"","pinged":"","post_modified":"2023-02-22 13:11:04","post_modified_gmt":"2023-02-22 02:11:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10013","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9964,"post_author":"16","post_date":"2023-02-19 22:37:19","post_date_gmt":"2023-02-19 11:37:19","post_content":"\n
If you are a fan of Final Fantasy, Tomb Raider, or Nier: Automata, the name Square Enix<\/a> is not unfamiliar to you. Recently, this popular Japanese game company has \"teased\" its first blockchain game.<\/p>\n\n\n\n
\n
Symbiogenesis is the new game name announced by this company, of course, the items exchanged in the game will be NFTized. Square Enix promises the game to bring an extremely unique experience to players with a lot of content for players to explore.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Play To Earn \u2013 Is The Future Of Gaming On The Blockchain?<\/a><\/p>\n\n\n\n
\n
The Japanese company's chosen platform is Polygon, with the advantages of fast transactions, low fees, safety, and good user experience. Polygon is a strategic step for Square Enix to join the ranks of major blockchain game companies worldwide.
<\/li>\n\n\n\n
This is a great opportunity for investors and gamers interested in Square Enix games. With its reputation, the \"giant from Japan\" quickly created a buzz in the market even though the game has not been released, this is a signal of the community's interest in this new project.
<\/li>\n\n\n\n
In recent years Japan has been promoting the blockchain industry<\/a>, rolling out plans to attract web 3, metaverse, etc. This is why Square Enix chose 2023 as the year to launch the project with maximum benefits received from support packages and at the same time, catch the wave of the era 2022 - 2025.<\/li>\n<\/ul>\n","post_title":"Community Awaiting The Arrival Of Square Enix's First Blockchain Game","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"community-awaiting-the-arrival-of-square-enixs-first-blockchain-game","to_ping":"","pinged":"","post_modified":"2023-02-19 22:37:23","post_modified_gmt":"2023-02-19 11:37:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9964","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9815,"post_author":"16","post_date":"2023-02-07 22:16:18","post_date_gmt":"2023-02-07 11:16:18","post_content":"\n
Recently, a former member of the Monetary Policy Committee at the People's Bank of China (PBoC), Huang Yiping called for Beijing to change its ban on cryptocurrencies in the country.<\/p>\n\n\n\n
\n
The economist thinks that the permanent ban on cryptocurrencies is only beneficial in the short term. Still, according to a long-term plan, it greatly affects China seizing big opportunities in the future. At the same time, this action will make China's FinTech industry backward in the future.
<\/li>\n\n\n\n
Although China is focusing on bringing blockchain technology into everyday life, the country is still famous for its \u201cblockchain, not Bitcoin\u201d stance. At the same time, the Chinese government has shown some hostility towards cryptocurrencies, eventually banning virtually all crypto transactions by 2021.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n\n\n\n
\n
If Mr Huang Yiping's proposal is approved, this will be a good sign for investors in China. Despite the ban, China remains the world's second-largest Bitcoin mining country as of January 2022, showing that a large crypto community still exists.
<\/li>\n\n\n\n
Some Chinese investors think that the government's ban only prohibits the trading of cryptocurrencies, but does not actually ban ownership of this virtual asset, so mining and holding here is completely legal.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n","post_title":"Economist Huang Yiping Urges China To Re-Evaluate Its Cryptocurrency Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"economist-huang-yiping-urges-china-to-re-evaluate-its-cryptocurrency-ban","to_ping":"","pinged":"","post_modified":"2023-02-07 22:16:26","post_modified_gmt":"2023-02-07 11:16:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9815","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Business

FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot

April 14, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
WeChat has moved to support the development of China's CBDC, adding a payment method using the digital yuan, e-CNY.<\/p>\n\n\n\n
\n
WeChat is currently the largest social network in China and is expanding to more than 200 countries with 900 million individual users. With the strong development of WeChat today, this action of \"tycoon\" has brought the value of e-CNY to the world.
<\/li>\n\n\n\n
WeChat Pay wallet has over 3 billion users per quarter and allows users to use e-CNY to make payments, such as ordering fast food or topping up some mobile games connected with this platform.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple In Talks With Over 20 Central Banks For CBDC Development, Says Senior VP<\/a><\/p>\n\n\n\n
\n
The combination of WeChat and e-CNY makes adopting a CBDC<\/a> currency easier for consumers. On the other hand, it raises the awareness of the Chinese people about the potential and convenience of cryptocurrencies in the future.
<\/li>\n\n\n\n
In terms of investment, WeChat has made a significant impact on the Chinese market. It can be seen that this is a good opportunity to proceed with building a new trading system that focuses on cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>China Opens Blockchain Research Centre In Capital<\/a><\/p>\n","post_title":"Chinese Platform WeChat Accept Payments With The Digital Yuan CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chinese-platform-wechat-accept-payments-with-the-digital-yuan-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 17:21:15","post_modified_gmt":"2023-04-10 07:21:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10295","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10250,"post_author":"16","post_date":"2023-03-05 17:39:24","post_date_gmt":"2023-03-05 06:39:24","post_content":"\n
Chainlink has launched a new dedicated developer platform called 'Functions<\/a>'<\/em>. This platform will be the bridge between Web2 and Web3.<\/p>\n\n\n\n
'Functions' is the latest platform launched by Chainlink recently, with the feature of seamlessly connecting decentralized applications<\/a> (dApps) with the traditional web. The platform is in beta on the Ethereum Sepolia and Polygon Mumbai testnets.<\/p>\n\n\n\n
Chainlink's Functions will allow blockchain developers to connect their dApps or smart contracts<\/a> with any application programming interface within the traditional tech space without managing infrastructure. The platform has integrated with various cloud providers, including Amazon Web Services, Meta, and others.<\/p>\n\n\n\n
$\"Web3$
Chainlink Functions Use Cases Source: Chainlink<\/a><\/em><\/figcaption><\/figure>\n\n\n\n
According to Kemal El Moujahid, Chainlink's product manager, launching Functions will remove a significant hurdle in Web3 adoption. In the words of Moujahid, \u201cWith the launch of Functions, we are removing a major barrier to web3 adoption and helping developers combine smart contracts with the powerful APIs and web2 data sources they need to build Building great apps is easier than ever.\u201d<\/em><\/p>\n","post_title":"Chainlink's New Platform 'Functions' Will Bridge Web2 With Web3 Services Using An API","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlinks-new-platform-functions-will-bridge-web2-with-web3-services-using-an-api","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 17:29:38","post_modified_gmt":"2023-04-10 07:29:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10250","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10147,"post_author":"16","post_date":"2023-03-02 21:48:02","post_date_gmt":"2023-03-02 10:48:02","post_content":"\n
Didid Noordiatmoko, head of Indonesia's Commodity Futures Trading Authority (Bappebti<\/a>), said that the country aims to launch a state-backed cryptocurrency exchange by mid-year. According to Noordiatmoko, the most difficult part for Indonesian authorities in this process is the inability to define a certain standard for the exchange. However, the exchange will be run by a private company.<\/p>\n\n\n\n
Experts and investors believe that the launch of a state-backed electronic exchange will accelerate the development of cryptocurrency stock exchanges in Indonesia.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Indonesia Will Have Its Own Practical Crypto Exchange In 2023<\/a><\/p>\n\n\n\n
Setting the time is an important act of the Indonesian government in building its own exchange. In addition, the government of this country also established a system of regulations to avoid risks and protect customers in this country. The government had previously planned to launch the exchange by the end of 2022, which was delayed due to internal reasons and FTX's problems with the market.<\/p>\n\n\n\n
Along with the Indonesian exchange, there are plans to develop a cryptocurrency of its own. This currency is forecasted to be used in life, transportation, and economic categories, which will be launched after the development of the broker is completed.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631241581822095360\n<\/div><\/figure>\n","post_title":"Indonesia Set To Launch A State-Backed Crypto Exchange In Mid 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"indonesia-set-to-launch-a-state-backed-crypto-exchange-in-mid-2023","to_ping":"","pinged":"","post_modified":"2023-03-02 21:48:15","post_modified_gmt":"2023-03-02 10:48:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10085,"post_author":"16","post_date":"2023-02-28 00:17:15","post_date_gmt":"2023-02-27 13:17:15","post_content":"\n
On February 22, Hong Kong announced an investment of $6.3 million to develop the Web 3 ecosystem here.<\/p>\n\n\n\n
\n
Paul Chan, Hong Kong's Finance Minister, said the government will allocate HKD 50 million (about $6.37 million) to build the Web3 ecosystem. This was presented by him in the annual report at the Legislative Council of the Hong Kong Special Administrative Region. Chan commented that Web3 is in the startup stage with great potential. Therefore, Hong Kong needs to \"catch up with the times and seize the golden opportunity<\/em>\" to lead innovation development.
<\/li>\n\n\n\n
In the coming time, Hong Kong plans to set up and run a task force on virtual asset development with members from policy agencies, financial regulators, and market participants. The aim is to make recommendations to strengthen the industry's strong and sustainable development.
<\/li>\n\n\n\n
This is also a rare opportunity for Web 3 companies in Hong Kong, previously Hong Kong has announced that it will attract and support more than 1000 start-ups<\/a> in this field.
<\/li>\n\n\n\n
This is also the step that Chan has set for Hong Kong to become Asia's cryptocurrency center<\/a>. Now Hong Kong is like a \"black horse\" in the Asian market, and in the future, this city will become the second spear of China next to Beijing to help this country \"breakthrough\" the world market.<\/li>\n<\/ul>\n","post_title":"Hong Kong Invests Over $6.4M Into Web 3 Development","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-invests-over-6-4m-into-web-3-development","to_ping":"","pinged":"","post_modified":"2023-04-10 17:32:36","post_modified_gmt":"2023-04-10 07:32:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10085","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10013,"post_author":"16","post_date":"2023-02-22 13:10:58","post_date_gmt":"2023-02-22 02:10:58","post_content":"\n
FTX Japan announced<\/a> on its official website that customers of FTX Japan can start withdrawing money today, February 21, 2023, at 12:00 (JST).<\/p>\n\n\n\n
\n
Users can initiate withdrawals through the Liquid Japan platform. Liquid Japan<\/a> is a licensed Japanese crypto asset exchange acquired by FTX in 2022. Customers with assets in the account must confirm their balance and transfer it to their Liquid account. FTX Japan customers without a Liquid Japan account must open an account before receiving their assets.
<\/li>\n\n\n\n
According to documents published on December 26, 2022, FTX Japan manages customer deposits for all 14 cryptocurrencies it handles, including BTC and ETH. In addition, the company managed a legal currency balance of about 6.3 billion yen, exceeding customer deposits by about 300 million yen.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX\u2019s Former Executives Subpoenaed By Voyager Creditors To Explain Failed Bailout Attempts<\/a><\/p>\n\n\n\n
\n
FTX Japan adheres to strict rules set forth by the Financial Services Authority and is subject to Japanese laws regarding separate asset management. The agency has managed to minimize the impact of FTX Global's bankruptcy and take steps towards a smooth refund process for customers.<\/li>\n<\/ul>\n\n\n\n
\n
This is good news for investors using FTX in this Asian country, \"Amazing, in the gloom caused by FTX, this is the best decision I've ever seen, Japanese Government Banzai\"<\/em> - the delight of Mr. Dendei who invested 50K$ in FTX, told The Distributed.<\/li>\n<\/ul>\n","post_title":"FTX Japan Reopens Allowing Crypto And Fiat Withdrawals For Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-japan-reopens-allowing-crypto-and-fiat-withdrawals-for-investors","to_ping":"","pinged":"","post_modified":"2023-02-22 13:11:04","post_modified_gmt":"2023-02-22 02:11:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10013","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9964,"post_author":"16","post_date":"2023-02-19 22:37:19","post_date_gmt":"2023-02-19 11:37:19","post_content":"\n
If you are a fan of Final Fantasy, Tomb Raider, or Nier: Automata, the name Square Enix<\/a> is not unfamiliar to you. Recently, this popular Japanese game company has \"teased\" its first blockchain game.<\/p>\n\n\n\n
\n
Symbiogenesis is the new game name announced by this company, of course, the items exchanged in the game will be NFTized. Square Enix promises the game to bring an extremely unique experience to players with a lot of content for players to explore.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Play To Earn \u2013 Is The Future Of Gaming On The Blockchain?<\/a><\/p>\n\n\n\n
\n
The Japanese company's chosen platform is Polygon, with the advantages of fast transactions, low fees, safety, and good user experience. Polygon is a strategic step for Square Enix to join the ranks of major blockchain game companies worldwide.
<\/li>\n\n\n\n
This is a great opportunity for investors and gamers interested in Square Enix games. With its reputation, the \"giant from Japan\" quickly created a buzz in the market even though the game has not been released, this is a signal of the community's interest in this new project.
<\/li>\n\n\n\n
In recent years Japan has been promoting the blockchain industry<\/a>, rolling out plans to attract web 3, metaverse, etc. This is why Square Enix chose 2023 as the year to launch the project with maximum benefits received from support packages and at the same time, catch the wave of the era 2022 - 2025.<\/li>\n<\/ul>\n","post_title":"Community Awaiting The Arrival Of Square Enix's First Blockchain Game","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"community-awaiting-the-arrival-of-square-enixs-first-blockchain-game","to_ping":"","pinged":"","post_modified":"2023-02-19 22:37:23","post_modified_gmt":"2023-02-19 11:37:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9964","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9815,"post_author":"16","post_date":"2023-02-07 22:16:18","post_date_gmt":"2023-02-07 11:16:18","post_content":"\n
Recently, a former member of the Monetary Policy Committee at the People's Bank of China (PBoC), Huang Yiping called for Beijing to change its ban on cryptocurrencies in the country.<\/p>\n\n\n\n
\n
The economist thinks that the permanent ban on cryptocurrencies is only beneficial in the short term. Still, according to a long-term plan, it greatly affects China seizing big opportunities in the future. At the same time, this action will make China's FinTech industry backward in the future.
<\/li>\n\n\n\n
Although China is focusing on bringing blockchain technology into everyday life, the country is still famous for its \u201cblockchain, not Bitcoin\u201d stance. At the same time, the Chinese government has shown some hostility towards cryptocurrencies, eventually banning virtually all crypto transactions by 2021.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n\n\n\n
\n
If Mr Huang Yiping's proposal is approved, this will be a good sign for investors in China. Despite the ban, China remains the world's second-largest Bitcoin mining country as of January 2022, showing that a large crypto community still exists.
<\/li>\n\n\n\n
Some Chinese investors think that the government's ban only prohibits the trading of cryptocurrencies, but does not actually ban ownership of this virtual asset, so mining and holding here is completely legal.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n","post_title":"Economist Huang Yiping Urges China To Re-Evaluate Its Cryptocurrency Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"economist-huang-yiping-urges-china-to-re-evaluate-its-cryptocurrency-ban","to_ping":"","pinged":"","post_modified":"2023-02-07 22:16:26","post_modified_gmt":"2023-02-07 11:16:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9815","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Business

FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot

April 14, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
See Related: <\/em><\/strong>FTX Co-Founder Pleads Guilty To Fraud Charges; Faces Up To 75 Years In Prison<\/a><\/p>\n","post_title":"FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-recovers-us7-3b-news-circulates-around-an-exchange-reboot","to_ping":"","pinged":"","post_modified":"2023-04-14 18:43:26","post_modified_gmt":"2023-04-14 08:43:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10932","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10295,"post_author":"16","post_date":"2023-03-09 12:14:53","post_date_gmt":"2023-03-09 01:14:53","post_content":"\n
WeChat has moved to support the development of China's CBDC, adding a payment method using the digital yuan, e-CNY.<\/p>\n\n\n\n
\n
WeChat is currently the largest social network in China and is expanding to more than 200 countries with 900 million individual users. With the strong development of WeChat today, this action of \"tycoon\" has brought the value of e-CNY to the world.
<\/li>\n\n\n\n
WeChat Pay wallet has over 3 billion users per quarter and allows users to use e-CNY to make payments, such as ordering fast food or topping up some mobile games connected with this platform.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple In Talks With Over 20 Central Banks For CBDC Development, Says Senior VP<\/a><\/p>\n\n\n\n
\n
The combination of WeChat and e-CNY makes adopting a CBDC<\/a> currency easier for consumers. On the other hand, it raises the awareness of the Chinese people about the potential and convenience of cryptocurrencies in the future.
<\/li>\n\n\n\n
In terms of investment, WeChat has made a significant impact on the Chinese market. It can be seen that this is a good opportunity to proceed with building a new trading system that focuses on cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>China Opens Blockchain Research Centre In Capital<\/a><\/p>\n","post_title":"Chinese Platform WeChat Accept Payments With The Digital Yuan CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chinese-platform-wechat-accept-payments-with-the-digital-yuan-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 17:21:15","post_modified_gmt":"2023-04-10 07:21:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10295","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10250,"post_author":"16","post_date":"2023-03-05 17:39:24","post_date_gmt":"2023-03-05 06:39:24","post_content":"\n
Chainlink has launched a new dedicated developer platform called 'Functions<\/a>'<\/em>. This platform will be the bridge between Web2 and Web3.<\/p>\n\n\n\n
'Functions' is the latest platform launched by Chainlink recently, with the feature of seamlessly connecting decentralized applications<\/a> (dApps) with the traditional web. The platform is in beta on the Ethereum Sepolia and Polygon Mumbai testnets.<\/p>\n\n\n\n
Chainlink's Functions will allow blockchain developers to connect their dApps or smart contracts<\/a> with any application programming interface within the traditional tech space without managing infrastructure. The platform has integrated with various cloud providers, including Amazon Web Services, Meta, and others.<\/p>\n\n\n\n
$\"Web3$
Chainlink Functions Use Cases Source: Chainlink<\/a><\/em><\/figcaption><\/figure>\n\n\n\n
According to Kemal El Moujahid, Chainlink's product manager, launching Functions will remove a significant hurdle in Web3 adoption. In the words of Moujahid, \u201cWith the launch of Functions, we are removing a major barrier to web3 adoption and helping developers combine smart contracts with the powerful APIs and web2 data sources they need to build Building great apps is easier than ever.\u201d<\/em><\/p>\n","post_title":"Chainlink's New Platform 'Functions' Will Bridge Web2 With Web3 Services Using An API","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlinks-new-platform-functions-will-bridge-web2-with-web3-services-using-an-api","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 17:29:38","post_modified_gmt":"2023-04-10 07:29:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10250","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10147,"post_author":"16","post_date":"2023-03-02 21:48:02","post_date_gmt":"2023-03-02 10:48:02","post_content":"\n
Didid Noordiatmoko, head of Indonesia's Commodity Futures Trading Authority (Bappebti<\/a>), said that the country aims to launch a state-backed cryptocurrency exchange by mid-year. According to Noordiatmoko, the most difficult part for Indonesian authorities in this process is the inability to define a certain standard for the exchange. However, the exchange will be run by a private company.<\/p>\n\n\n\n
Experts and investors believe that the launch of a state-backed electronic exchange will accelerate the development of cryptocurrency stock exchanges in Indonesia.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Indonesia Will Have Its Own Practical Crypto Exchange In 2023<\/a><\/p>\n\n\n\n
Setting the time is an important act of the Indonesian government in building its own exchange. In addition, the government of this country also established a system of regulations to avoid risks and protect customers in this country. The government had previously planned to launch the exchange by the end of 2022, which was delayed due to internal reasons and FTX's problems with the market.<\/p>\n\n\n\n
Along with the Indonesian exchange, there are plans to develop a cryptocurrency of its own. This currency is forecasted to be used in life, transportation, and economic categories, which will be launched after the development of the broker is completed.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631241581822095360\n<\/div><\/figure>\n","post_title":"Indonesia Set To Launch A State-Backed Crypto Exchange In Mid 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"indonesia-set-to-launch-a-state-backed-crypto-exchange-in-mid-2023","to_ping":"","pinged":"","post_modified":"2023-03-02 21:48:15","post_modified_gmt":"2023-03-02 10:48:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10085,"post_author":"16","post_date":"2023-02-28 00:17:15","post_date_gmt":"2023-02-27 13:17:15","post_content":"\n
On February 22, Hong Kong announced an investment of $6.3 million to develop the Web 3 ecosystem here.<\/p>\n\n\n\n
\n
Paul Chan, Hong Kong's Finance Minister, said the government will allocate HKD 50 million (about $6.37 million) to build the Web3 ecosystem. This was presented by him in the annual report at the Legislative Council of the Hong Kong Special Administrative Region. Chan commented that Web3 is in the startup stage with great potential. Therefore, Hong Kong needs to \"catch up with the times and seize the golden opportunity<\/em>\" to lead innovation development.
<\/li>\n\n\n\n
In the coming time, Hong Kong plans to set up and run a task force on virtual asset development with members from policy agencies, financial regulators, and market participants. The aim is to make recommendations to strengthen the industry's strong and sustainable development.
<\/li>\n\n\n\n
This is also a rare opportunity for Web 3 companies in Hong Kong, previously Hong Kong has announced that it will attract and support more than 1000 start-ups<\/a> in this field.
<\/li>\n\n\n\n
This is also the step that Chan has set for Hong Kong to become Asia's cryptocurrency center<\/a>. Now Hong Kong is like a \"black horse\" in the Asian market, and in the future, this city will become the second spear of China next to Beijing to help this country \"breakthrough\" the world market.<\/li>\n<\/ul>\n","post_title":"Hong Kong Invests Over $6.4M Into Web 3 Development","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-invests-over-6-4m-into-web-3-development","to_ping":"","pinged":"","post_modified":"2023-04-10 17:32:36","post_modified_gmt":"2023-04-10 07:32:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10085","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10013,"post_author":"16","post_date":"2023-02-22 13:10:58","post_date_gmt":"2023-02-22 02:10:58","post_content":"\n
FTX Japan announced<\/a> on its official website that customers of FTX Japan can start withdrawing money today, February 21, 2023, at 12:00 (JST).<\/p>\n\n\n\n
\n
Users can initiate withdrawals through the Liquid Japan platform. Liquid Japan<\/a> is a licensed Japanese crypto asset exchange acquired by FTX in 2022. Customers with assets in the account must confirm their balance and transfer it to their Liquid account. FTX Japan customers without a Liquid Japan account must open an account before receiving their assets.
<\/li>\n\n\n\n
According to documents published on December 26, 2022, FTX Japan manages customer deposits for all 14 cryptocurrencies it handles, including BTC and ETH. In addition, the company managed a legal currency balance of about 6.3 billion yen, exceeding customer deposits by about 300 million yen.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX\u2019s Former Executives Subpoenaed By Voyager Creditors To Explain Failed Bailout Attempts<\/a><\/p>\n\n\n\n
\n
FTX Japan adheres to strict rules set forth by the Financial Services Authority and is subject to Japanese laws regarding separate asset management. The agency has managed to minimize the impact of FTX Global's bankruptcy and take steps towards a smooth refund process for customers.<\/li>\n<\/ul>\n\n\n\n
\n
This is good news for investors using FTX in this Asian country, \"Amazing, in the gloom caused by FTX, this is the best decision I've ever seen, Japanese Government Banzai\"<\/em> - the delight of Mr. Dendei who invested 50K$ in FTX, told The Distributed.<\/li>\n<\/ul>\n","post_title":"FTX Japan Reopens Allowing Crypto And Fiat Withdrawals For Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-japan-reopens-allowing-crypto-and-fiat-withdrawals-for-investors","to_ping":"","pinged":"","post_modified":"2023-02-22 13:11:04","post_modified_gmt":"2023-02-22 02:11:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10013","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9964,"post_author":"16","post_date":"2023-02-19 22:37:19","post_date_gmt":"2023-02-19 11:37:19","post_content":"\n
If you are a fan of Final Fantasy, Tomb Raider, or Nier: Automata, the name Square Enix<\/a> is not unfamiliar to you. Recently, this popular Japanese game company has \"teased\" its first blockchain game.<\/p>\n\n\n\n
\n
Symbiogenesis is the new game name announced by this company, of course, the items exchanged in the game will be NFTized. Square Enix promises the game to bring an extremely unique experience to players with a lot of content for players to explore.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Play To Earn \u2013 Is The Future Of Gaming On The Blockchain?<\/a><\/p>\n\n\n\n
\n
The Japanese company's chosen platform is Polygon, with the advantages of fast transactions, low fees, safety, and good user experience. Polygon is a strategic step for Square Enix to join the ranks of major blockchain game companies worldwide.
<\/li>\n\n\n\n
This is a great opportunity for investors and gamers interested in Square Enix games. With its reputation, the \"giant from Japan\" quickly created a buzz in the market even though the game has not been released, this is a signal of the community's interest in this new project.
<\/li>\n\n\n\n
In recent years Japan has been promoting the blockchain industry<\/a>, rolling out plans to attract web 3, metaverse, etc. This is why Square Enix chose 2023 as the year to launch the project with maximum benefits received from support packages and at the same time, catch the wave of the era 2022 - 2025.<\/li>\n<\/ul>\n","post_title":"Community Awaiting The Arrival Of Square Enix's First Blockchain Game","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"community-awaiting-the-arrival-of-square-enixs-first-blockchain-game","to_ping":"","pinged":"","post_modified":"2023-02-19 22:37:23","post_modified_gmt":"2023-02-19 11:37:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9964","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9815,"post_author":"16","post_date":"2023-02-07 22:16:18","post_date_gmt":"2023-02-07 11:16:18","post_content":"\n
Recently, a former member of the Monetary Policy Committee at the People's Bank of China (PBoC), Huang Yiping called for Beijing to change its ban on cryptocurrencies in the country.<\/p>\n\n\n\n
\n
The economist thinks that the permanent ban on cryptocurrencies is only beneficial in the short term. Still, according to a long-term plan, it greatly affects China seizing big opportunities in the future. At the same time, this action will make China's FinTech industry backward in the future.
<\/li>\n\n\n\n
Although China is focusing on bringing blockchain technology into everyday life, the country is still famous for its \u201cblockchain, not Bitcoin\u201d stance. At the same time, the Chinese government has shown some hostility towards cryptocurrencies, eventually banning virtually all crypto transactions by 2021.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n\n\n\n
\n
If Mr Huang Yiping's proposal is approved, this will be a good sign for investors in China. Despite the ban, China remains the world's second-largest Bitcoin mining country as of January 2022, showing that a large crypto community still exists.
<\/li>\n\n\n\n
Some Chinese investors think that the government's ban only prohibits the trading of cryptocurrencies, but does not actually ban ownership of this virtual asset, so mining and holding here is completely legal.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n","post_title":"Economist Huang Yiping Urges China To Re-Evaluate Its Cryptocurrency Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"economist-huang-yiping-urges-china-to-re-evaluate-its-cryptocurrency-ban","to_ping":"","pinged":"","post_modified":"2023-02-07 22:16:26","post_modified_gmt":"2023-02-07 11:16:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9815","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Business

FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot

April 14, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Meanwhile, Sam Bankman-Fried, the founder of FTX has been charged but has not been proven guilty. However, due to the stains created by Bankman-Fried, the confidence of FTX users and the cryptocurrency market is declining.<\/p>\n\n\n\n
See Related: <\/em><\/strong>FTX Co-Founder Pleads Guilty To Fraud Charges; Faces Up To 75 Years In Prison<\/a><\/p>\n","post_title":"FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-recovers-us7-3b-news-circulates-around-an-exchange-reboot","to_ping":"","pinged":"","post_modified":"2023-04-14 18:43:26","post_modified_gmt":"2023-04-14 08:43:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10932","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10295,"post_author":"16","post_date":"2023-03-09 12:14:53","post_date_gmt":"2023-03-09 01:14:53","post_content":"\n
WeChat has moved to support the development of China's CBDC, adding a payment method using the digital yuan, e-CNY.<\/p>\n\n\n\n
\n
WeChat is currently the largest social network in China and is expanding to more than 200 countries with 900 million individual users. With the strong development of WeChat today, this action of \"tycoon\" has brought the value of e-CNY to the world.
<\/li>\n\n\n\n
WeChat Pay wallet has over 3 billion users per quarter and allows users to use e-CNY to make payments, such as ordering fast food or topping up some mobile games connected with this platform.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple In Talks With Over 20 Central Banks For CBDC Development, Says Senior VP<\/a><\/p>\n\n\n\n
\n
The combination of WeChat and e-CNY makes adopting a CBDC<\/a> currency easier for consumers. On the other hand, it raises the awareness of the Chinese people about the potential and convenience of cryptocurrencies in the future.
<\/li>\n\n\n\n
In terms of investment, WeChat has made a significant impact on the Chinese market. It can be seen that this is a good opportunity to proceed with building a new trading system that focuses on cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>China Opens Blockchain Research Centre In Capital<\/a><\/p>\n","post_title":"Chinese Platform WeChat Accept Payments With The Digital Yuan CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chinese-platform-wechat-accept-payments-with-the-digital-yuan-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 17:21:15","post_modified_gmt":"2023-04-10 07:21:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10295","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10250,"post_author":"16","post_date":"2023-03-05 17:39:24","post_date_gmt":"2023-03-05 06:39:24","post_content":"\n
Chainlink has launched a new dedicated developer platform called 'Functions<\/a>'<\/em>. This platform will be the bridge between Web2 and Web3.<\/p>\n\n\n\n
'Functions' is the latest platform launched by Chainlink recently, with the feature of seamlessly connecting decentralized applications<\/a> (dApps) with the traditional web. The platform is in beta on the Ethereum Sepolia and Polygon Mumbai testnets.<\/p>\n\n\n\n
Chainlink's Functions will allow blockchain developers to connect their dApps or smart contracts<\/a> with any application programming interface within the traditional tech space without managing infrastructure. The platform has integrated with various cloud providers, including Amazon Web Services, Meta, and others.<\/p>\n\n\n\n
$\"Web3$
Chainlink Functions Use Cases Source: Chainlink<\/a><\/em><\/figcaption><\/figure>\n\n\n\n
According to Kemal El Moujahid, Chainlink's product manager, launching Functions will remove a significant hurdle in Web3 adoption. In the words of Moujahid, \u201cWith the launch of Functions, we are removing a major barrier to web3 adoption and helping developers combine smart contracts with the powerful APIs and web2 data sources they need to build Building great apps is easier than ever.\u201d<\/em><\/p>\n","post_title":"Chainlink's New Platform 'Functions' Will Bridge Web2 With Web3 Services Using An API","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlinks-new-platform-functions-will-bridge-web2-with-web3-services-using-an-api","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 17:29:38","post_modified_gmt":"2023-04-10 07:29:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10250","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10147,"post_author":"16","post_date":"2023-03-02 21:48:02","post_date_gmt":"2023-03-02 10:48:02","post_content":"\n
Didid Noordiatmoko, head of Indonesia's Commodity Futures Trading Authority (Bappebti<\/a>), said that the country aims to launch a state-backed cryptocurrency exchange by mid-year. According to Noordiatmoko, the most difficult part for Indonesian authorities in this process is the inability to define a certain standard for the exchange. However, the exchange will be run by a private company.<\/p>\n\n\n\n
Experts and investors believe that the launch of a state-backed electronic exchange will accelerate the development of cryptocurrency stock exchanges in Indonesia.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Indonesia Will Have Its Own Practical Crypto Exchange In 2023<\/a><\/p>\n\n\n\n
Setting the time is an important act of the Indonesian government in building its own exchange. In addition, the government of this country also established a system of regulations to avoid risks and protect customers in this country. The government had previously planned to launch the exchange by the end of 2022, which was delayed due to internal reasons and FTX's problems with the market.<\/p>\n\n\n\n
Along with the Indonesian exchange, there are plans to develop a cryptocurrency of its own. This currency is forecasted to be used in life, transportation, and economic categories, which will be launched after the development of the broker is completed.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631241581822095360\n<\/div><\/figure>\n","post_title":"Indonesia Set To Launch A State-Backed Crypto Exchange In Mid 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"indonesia-set-to-launch-a-state-backed-crypto-exchange-in-mid-2023","to_ping":"","pinged":"","post_modified":"2023-03-02 21:48:15","post_modified_gmt":"2023-03-02 10:48:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10085,"post_author":"16","post_date":"2023-02-28 00:17:15","post_date_gmt":"2023-02-27 13:17:15","post_content":"\n
On February 22, Hong Kong announced an investment of $6.3 million to develop the Web 3 ecosystem here.<\/p>\n\n\n\n
\n
Paul Chan, Hong Kong's Finance Minister, said the government will allocate HKD 50 million (about $6.37 million) to build the Web3 ecosystem. This was presented by him in the annual report at the Legislative Council of the Hong Kong Special Administrative Region. Chan commented that Web3 is in the startup stage with great potential. Therefore, Hong Kong needs to \"catch up with the times and seize the golden opportunity<\/em>\" to lead innovation development.
<\/li>\n\n\n\n
In the coming time, Hong Kong plans to set up and run a task force on virtual asset development with members from policy agencies, financial regulators, and market participants. The aim is to make recommendations to strengthen the industry's strong and sustainable development.
<\/li>\n\n\n\n
This is also a rare opportunity for Web 3 companies in Hong Kong, previously Hong Kong has announced that it will attract and support more than 1000 start-ups<\/a> in this field.
<\/li>\n\n\n\n
This is also the step that Chan has set for Hong Kong to become Asia's cryptocurrency center<\/a>. Now Hong Kong is like a \"black horse\" in the Asian market, and in the future, this city will become the second spear of China next to Beijing to help this country \"breakthrough\" the world market.<\/li>\n<\/ul>\n","post_title":"Hong Kong Invests Over $6.4M Into Web 3 Development","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-invests-over-6-4m-into-web-3-development","to_ping":"","pinged":"","post_modified":"2023-04-10 17:32:36","post_modified_gmt":"2023-04-10 07:32:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10085","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10013,"post_author":"16","post_date":"2023-02-22 13:10:58","post_date_gmt":"2023-02-22 02:10:58","post_content":"\n
FTX Japan announced<\/a> on its official website that customers of FTX Japan can start withdrawing money today, February 21, 2023, at 12:00 (JST).<\/p>\n\n\n\n
\n
Users can initiate withdrawals through the Liquid Japan platform. Liquid Japan<\/a> is a licensed Japanese crypto asset exchange acquired by FTX in 2022. Customers with assets in the account must confirm their balance and transfer it to their Liquid account. FTX Japan customers without a Liquid Japan account must open an account before receiving their assets.
<\/li>\n\n\n\n
According to documents published on December 26, 2022, FTX Japan manages customer deposits for all 14 cryptocurrencies it handles, including BTC and ETH. In addition, the company managed a legal currency balance of about 6.3 billion yen, exceeding customer deposits by about 300 million yen.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX\u2019s Former Executives Subpoenaed By Voyager Creditors To Explain Failed Bailout Attempts<\/a><\/p>\n\n\n\n
\n
FTX Japan adheres to strict rules set forth by the Financial Services Authority and is subject to Japanese laws regarding separate asset management. The agency has managed to minimize the impact of FTX Global's bankruptcy and take steps towards a smooth refund process for customers.<\/li>\n<\/ul>\n\n\n\n
\n
This is good news for investors using FTX in this Asian country, \"Amazing, in the gloom caused by FTX, this is the best decision I've ever seen, Japanese Government Banzai\"<\/em> - the delight of Mr. Dendei who invested 50K$ in FTX, told The Distributed.<\/li>\n<\/ul>\n","post_title":"FTX Japan Reopens Allowing Crypto And Fiat Withdrawals For Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-japan-reopens-allowing-crypto-and-fiat-withdrawals-for-investors","to_ping":"","pinged":"","post_modified":"2023-02-22 13:11:04","post_modified_gmt":"2023-02-22 02:11:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10013","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9964,"post_author":"16","post_date":"2023-02-19 22:37:19","post_date_gmt":"2023-02-19 11:37:19","post_content":"\n
If you are a fan of Final Fantasy, Tomb Raider, or Nier: Automata, the name Square Enix<\/a> is not unfamiliar to you. Recently, this popular Japanese game company has \"teased\" its first blockchain game.<\/p>\n\n\n\n
\n
Symbiogenesis is the new game name announced by this company, of course, the items exchanged in the game will be NFTized. Square Enix promises the game to bring an extremely unique experience to players with a lot of content for players to explore.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Play To Earn \u2013 Is The Future Of Gaming On The Blockchain?<\/a><\/p>\n\n\n\n
\n
The Japanese company's chosen platform is Polygon, with the advantages of fast transactions, low fees, safety, and good user experience. Polygon is a strategic step for Square Enix to join the ranks of major blockchain game companies worldwide.
<\/li>\n\n\n\n
This is a great opportunity for investors and gamers interested in Square Enix games. With its reputation, the \"giant from Japan\" quickly created a buzz in the market even though the game has not been released, this is a signal of the community's interest in this new project.
<\/li>\n\n\n\n
In recent years Japan has been promoting the blockchain industry<\/a>, rolling out plans to attract web 3, metaverse, etc. This is why Square Enix chose 2023 as the year to launch the project with maximum benefits received from support packages and at the same time, catch the wave of the era 2022 - 2025.<\/li>\n<\/ul>\n","post_title":"Community Awaiting The Arrival Of Square Enix's First Blockchain Game","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"community-awaiting-the-arrival-of-square-enixs-first-blockchain-game","to_ping":"","pinged":"","post_modified":"2023-02-19 22:37:23","post_modified_gmt":"2023-02-19 11:37:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9964","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9815,"post_author":"16","post_date":"2023-02-07 22:16:18","post_date_gmt":"2023-02-07 11:16:18","post_content":"\n
Recently, a former member of the Monetary Policy Committee at the People's Bank of China (PBoC), Huang Yiping called for Beijing to change its ban on cryptocurrencies in the country.<\/p>\n\n\n\n
\n
The economist thinks that the permanent ban on cryptocurrencies is only beneficial in the short term. Still, according to a long-term plan, it greatly affects China seizing big opportunities in the future. At the same time, this action will make China's FinTech industry backward in the future.
<\/li>\n\n\n\n
Although China is focusing on bringing blockchain technology into everyday life, the country is still famous for its \u201cblockchain, not Bitcoin\u201d stance. At the same time, the Chinese government has shown some hostility towards cryptocurrencies, eventually banning virtually all crypto transactions by 2021.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n\n\n\n
\n
If Mr Huang Yiping's proposal is approved, this will be a good sign for investors in China. Despite the ban, China remains the world's second-largest Bitcoin mining country as of January 2022, showing that a large crypto community still exists.
<\/li>\n\n\n\n
Some Chinese investors think that the government's ban only prohibits the trading of cryptocurrencies, but does not actually ban ownership of this virtual asset, so mining and holding here is completely legal.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n","post_title":"Economist Huang Yiping Urges China To Re-Evaluate Its Cryptocurrency Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"economist-huang-yiping-urges-china-to-re-evaluate-its-cryptocurrency-ban","to_ping":"","pinged":"","post_modified":"2023-02-07 22:16:26","post_modified_gmt":"2023-02-07 11:16:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9815","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Business

FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot

April 14, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
FTX is also working on a preliminary Chapter 11 plan, paving a path out of bankruptcy for FTX said Mr Dietderich.<\/p>\n\n\n\n
Meanwhile, Sam Bankman-Fried, the founder of FTX has been charged but has not been proven guilty. However, due to the stains created by Bankman-Fried, the confidence of FTX users and the cryptocurrency market is declining.<\/p>\n\n\n\n
See Related: <\/em><\/strong>FTX Co-Founder Pleads Guilty To Fraud Charges; Faces Up To 75 Years In Prison<\/a><\/p>\n","post_title":"FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-recovers-us7-3b-news-circulates-around-an-exchange-reboot","to_ping":"","pinged":"","post_modified":"2023-04-14 18:43:26","post_modified_gmt":"2023-04-14 08:43:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10932","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10295,"post_author":"16","post_date":"2023-03-09 12:14:53","post_date_gmt":"2023-03-09 01:14:53","post_content":"\n
WeChat has moved to support the development of China's CBDC, adding a payment method using the digital yuan, e-CNY.<\/p>\n\n\n\n
\n
WeChat is currently the largest social network in China and is expanding to more than 200 countries with 900 million individual users. With the strong development of WeChat today, this action of \"tycoon\" has brought the value of e-CNY to the world.
<\/li>\n\n\n\n
WeChat Pay wallet has over 3 billion users per quarter and allows users to use e-CNY to make payments, such as ordering fast food or topping up some mobile games connected with this platform.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple In Talks With Over 20 Central Banks For CBDC Development, Says Senior VP<\/a><\/p>\n\n\n\n
\n
The combination of WeChat and e-CNY makes adopting a CBDC<\/a> currency easier for consumers. On the other hand, it raises the awareness of the Chinese people about the potential and convenience of cryptocurrencies in the future.
<\/li>\n\n\n\n
In terms of investment, WeChat has made a significant impact on the Chinese market. It can be seen that this is a good opportunity to proceed with building a new trading system that focuses on cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>China Opens Blockchain Research Centre In Capital<\/a><\/p>\n","post_title":"Chinese Platform WeChat Accept Payments With The Digital Yuan CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chinese-platform-wechat-accept-payments-with-the-digital-yuan-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 17:21:15","post_modified_gmt":"2023-04-10 07:21:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10295","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10250,"post_author":"16","post_date":"2023-03-05 17:39:24","post_date_gmt":"2023-03-05 06:39:24","post_content":"\n
Chainlink has launched a new dedicated developer platform called 'Functions<\/a>'<\/em>. This platform will be the bridge between Web2 and Web3.<\/p>\n\n\n\n
'Functions' is the latest platform launched by Chainlink recently, with the feature of seamlessly connecting decentralized applications<\/a> (dApps) with the traditional web. The platform is in beta on the Ethereum Sepolia and Polygon Mumbai testnets.<\/p>\n\n\n\n
Chainlink's Functions will allow blockchain developers to connect their dApps or smart contracts<\/a> with any application programming interface within the traditional tech space without managing infrastructure. The platform has integrated with various cloud providers, including Amazon Web Services, Meta, and others.<\/p>\n\n\n\n
$\"Web3$
Chainlink Functions Use Cases Source: Chainlink<\/a><\/em><\/figcaption><\/figure>\n\n\n\n
According to Kemal El Moujahid, Chainlink's product manager, launching Functions will remove a significant hurdle in Web3 adoption. In the words of Moujahid, \u201cWith the launch of Functions, we are removing a major barrier to web3 adoption and helping developers combine smart contracts with the powerful APIs and web2 data sources they need to build Building great apps is easier than ever.\u201d<\/em><\/p>\n","post_title":"Chainlink's New Platform 'Functions' Will Bridge Web2 With Web3 Services Using An API","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlinks-new-platform-functions-will-bridge-web2-with-web3-services-using-an-api","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 17:29:38","post_modified_gmt":"2023-04-10 07:29:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10250","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10147,"post_author":"16","post_date":"2023-03-02 21:48:02","post_date_gmt":"2023-03-02 10:48:02","post_content":"\n
Didid Noordiatmoko, head of Indonesia's Commodity Futures Trading Authority (Bappebti<\/a>), said that the country aims to launch a state-backed cryptocurrency exchange by mid-year. According to Noordiatmoko, the most difficult part for Indonesian authorities in this process is the inability to define a certain standard for the exchange. However, the exchange will be run by a private company.<\/p>\n\n\n\n
Experts and investors believe that the launch of a state-backed electronic exchange will accelerate the development of cryptocurrency stock exchanges in Indonesia.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Indonesia Will Have Its Own Practical Crypto Exchange In 2023<\/a><\/p>\n\n\n\n
Setting the time is an important act of the Indonesian government in building its own exchange. In addition, the government of this country also established a system of regulations to avoid risks and protect customers in this country. The government had previously planned to launch the exchange by the end of 2022, which was delayed due to internal reasons and FTX's problems with the market.<\/p>\n\n\n\n
Along with the Indonesian exchange, there are plans to develop a cryptocurrency of its own. This currency is forecasted to be used in life, transportation, and economic categories, which will be launched after the development of the broker is completed.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631241581822095360\n<\/div><\/figure>\n","post_title":"Indonesia Set To Launch A State-Backed Crypto Exchange In Mid 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"indonesia-set-to-launch-a-state-backed-crypto-exchange-in-mid-2023","to_ping":"","pinged":"","post_modified":"2023-03-02 21:48:15","post_modified_gmt":"2023-03-02 10:48:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10085,"post_author":"16","post_date":"2023-02-28 00:17:15","post_date_gmt":"2023-02-27 13:17:15","post_content":"\n
On February 22, Hong Kong announced an investment of $6.3 million to develop the Web 3 ecosystem here.<\/p>\n\n\n\n
\n
Paul Chan, Hong Kong's Finance Minister, said the government will allocate HKD 50 million (about $6.37 million) to build the Web3 ecosystem. This was presented by him in the annual report at the Legislative Council of the Hong Kong Special Administrative Region. Chan commented that Web3 is in the startup stage with great potential. Therefore, Hong Kong needs to \"catch up with the times and seize the golden opportunity<\/em>\" to lead innovation development.
<\/li>\n\n\n\n
In the coming time, Hong Kong plans to set up and run a task force on virtual asset development with members from policy agencies, financial regulators, and market participants. The aim is to make recommendations to strengthen the industry's strong and sustainable development.
<\/li>\n\n\n\n
This is also a rare opportunity for Web 3 companies in Hong Kong, previously Hong Kong has announced that it will attract and support more than 1000 start-ups<\/a> in this field.
<\/li>\n\n\n\n
This is also the step that Chan has set for Hong Kong to become Asia's cryptocurrency center<\/a>. Now Hong Kong is like a \"black horse\" in the Asian market, and in the future, this city will become the second spear of China next to Beijing to help this country \"breakthrough\" the world market.<\/li>\n<\/ul>\n","post_title":"Hong Kong Invests Over $6.4M Into Web 3 Development","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-invests-over-6-4m-into-web-3-development","to_ping":"","pinged":"","post_modified":"2023-04-10 17:32:36","post_modified_gmt":"2023-04-10 07:32:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10085","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10013,"post_author":"16","post_date":"2023-02-22 13:10:58","post_date_gmt":"2023-02-22 02:10:58","post_content":"\n
FTX Japan announced<\/a> on its official website that customers of FTX Japan can start withdrawing money today, February 21, 2023, at 12:00 (JST).<\/p>\n\n\n\n
\n
Users can initiate withdrawals through the Liquid Japan platform. Liquid Japan<\/a> is a licensed Japanese crypto asset exchange acquired by FTX in 2022. Customers with assets in the account must confirm their balance and transfer it to their Liquid account. FTX Japan customers without a Liquid Japan account must open an account before receiving their assets.
<\/li>\n\n\n\n
According to documents published on December 26, 2022, FTX Japan manages customer deposits for all 14 cryptocurrencies it handles, including BTC and ETH. In addition, the company managed a legal currency balance of about 6.3 billion yen, exceeding customer deposits by about 300 million yen.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX\u2019s Former Executives Subpoenaed By Voyager Creditors To Explain Failed Bailout Attempts<\/a><\/p>\n\n\n\n
\n
FTX Japan adheres to strict rules set forth by the Financial Services Authority and is subject to Japanese laws regarding separate asset management. The agency has managed to minimize the impact of FTX Global's bankruptcy and take steps towards a smooth refund process for customers.<\/li>\n<\/ul>\n\n\n\n
\n
This is good news for investors using FTX in this Asian country, \"Amazing, in the gloom caused by FTX, this is the best decision I've ever seen, Japanese Government Banzai\"<\/em> - the delight of Mr. Dendei who invested 50K$ in FTX, told The Distributed.<\/li>\n<\/ul>\n","post_title":"FTX Japan Reopens Allowing Crypto And Fiat Withdrawals For Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-japan-reopens-allowing-crypto-and-fiat-withdrawals-for-investors","to_ping":"","pinged":"","post_modified":"2023-02-22 13:11:04","post_modified_gmt":"2023-02-22 02:11:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10013","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9964,"post_author":"16","post_date":"2023-02-19 22:37:19","post_date_gmt":"2023-02-19 11:37:19","post_content":"\n
If you are a fan of Final Fantasy, Tomb Raider, or Nier: Automata, the name Square Enix<\/a> is not unfamiliar to you. Recently, this popular Japanese game company has \"teased\" its first blockchain game.<\/p>\n\n\n\n
\n
Symbiogenesis is the new game name announced by this company, of course, the items exchanged in the game will be NFTized. Square Enix promises the game to bring an extremely unique experience to players with a lot of content for players to explore.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Play To Earn \u2013 Is The Future Of Gaming On The Blockchain?<\/a><\/p>\n\n\n\n
\n
The Japanese company's chosen platform is Polygon, with the advantages of fast transactions, low fees, safety, and good user experience. Polygon is a strategic step for Square Enix to join the ranks of major blockchain game companies worldwide.
<\/li>\n\n\n\n
This is a great opportunity for investors and gamers interested in Square Enix games. With its reputation, the \"giant from Japan\" quickly created a buzz in the market even though the game has not been released, this is a signal of the community's interest in this new project.
<\/li>\n\n\n\n
In recent years Japan has been promoting the blockchain industry<\/a>, rolling out plans to attract web 3, metaverse, etc. This is why Square Enix chose 2023 as the year to launch the project with maximum benefits received from support packages and at the same time, catch the wave of the era 2022 - 2025.<\/li>\n<\/ul>\n","post_title":"Community Awaiting The Arrival Of Square Enix's First Blockchain Game","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"community-awaiting-the-arrival-of-square-enixs-first-blockchain-game","to_ping":"","pinged":"","post_modified":"2023-02-19 22:37:23","post_modified_gmt":"2023-02-19 11:37:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9964","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9815,"post_author":"16","post_date":"2023-02-07 22:16:18","post_date_gmt":"2023-02-07 11:16:18","post_content":"\n
Recently, a former member of the Monetary Policy Committee at the People's Bank of China (PBoC), Huang Yiping called for Beijing to change its ban on cryptocurrencies in the country.<\/p>\n\n\n\n
\n
The economist thinks that the permanent ban on cryptocurrencies is only beneficial in the short term. Still, according to a long-term plan, it greatly affects China seizing big opportunities in the future. At the same time, this action will make China's FinTech industry backward in the future.
<\/li>\n\n\n\n
Although China is focusing on bringing blockchain technology into everyday life, the country is still famous for its \u201cblockchain, not Bitcoin\u201d stance. At the same time, the Chinese government has shown some hostility towards cryptocurrencies, eventually banning virtually all crypto transactions by 2021.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n\n\n\n
\n
If Mr Huang Yiping's proposal is approved, this will be a good sign for investors in China. Despite the ban, China remains the world's second-largest Bitcoin mining country as of January 2022, showing that a large crypto community still exists.
<\/li>\n\n\n\n
Some Chinese investors think that the government's ban only prohibits the trading of cryptocurrencies, but does not actually ban ownership of this virtual asset, so mining and holding here is completely legal.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n","post_title":"Economist Huang Yiping Urges China To Re-Evaluate Its Cryptocurrency Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"economist-huang-yiping-urges-china-to-re-evaluate-its-cryptocurrency-ban","to_ping":"","pinged":"","post_modified":"2023-02-07 22:16:26","post_modified_gmt":"2023-02-07 11:16:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9815","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Business

FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot

April 14, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
FTX's lawyers said the company could use the customer refunds to reinvigorate the exchange or raise capital to fund a plan to restart the exchange. The term \"reboot\" was used, although the exact meaning behind this was left to our imaginations.<\/p>\n\n\n\n
FTX is also working on a preliminary Chapter 11 plan, paving a path out of bankruptcy for FTX said Mr Dietderich.<\/p>\n\n\n\n
Meanwhile, Sam Bankman-Fried, the founder of FTX has been charged but has not been proven guilty. However, due to the stains created by Bankman-Fried, the confidence of FTX users and the cryptocurrency market is declining.<\/p>\n\n\n\n
See Related: <\/em><\/strong>FTX Co-Founder Pleads Guilty To Fraud Charges; Faces Up To 75 Years In Prison<\/a><\/p>\n","post_title":"FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-recovers-us7-3b-news-circulates-around-an-exchange-reboot","to_ping":"","pinged":"","post_modified":"2023-04-14 18:43:26","post_modified_gmt":"2023-04-14 08:43:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10932","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10295,"post_author":"16","post_date":"2023-03-09 12:14:53","post_date_gmt":"2023-03-09 01:14:53","post_content":"\n
WeChat has moved to support the development of China's CBDC, adding a payment method using the digital yuan, e-CNY.<\/p>\n\n\n\n
\n
WeChat is currently the largest social network in China and is expanding to more than 200 countries with 900 million individual users. With the strong development of WeChat today, this action of \"tycoon\" has brought the value of e-CNY to the world.
<\/li>\n\n\n\n
WeChat Pay wallet has over 3 billion users per quarter and allows users to use e-CNY to make payments, such as ordering fast food or topping up some mobile games connected with this platform.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple In Talks With Over 20 Central Banks For CBDC Development, Says Senior VP<\/a><\/p>\n\n\n\n
\n
The combination of WeChat and e-CNY makes adopting a CBDC<\/a> currency easier for consumers. On the other hand, it raises the awareness of the Chinese people about the potential and convenience of cryptocurrencies in the future.
<\/li>\n\n\n\n
In terms of investment, WeChat has made a significant impact on the Chinese market. It can be seen that this is a good opportunity to proceed with building a new trading system that focuses on cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>China Opens Blockchain Research Centre In Capital<\/a><\/p>\n","post_title":"Chinese Platform WeChat Accept Payments With The Digital Yuan CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chinese-platform-wechat-accept-payments-with-the-digital-yuan-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 17:21:15","post_modified_gmt":"2023-04-10 07:21:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10295","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10250,"post_author":"16","post_date":"2023-03-05 17:39:24","post_date_gmt":"2023-03-05 06:39:24","post_content":"\n
Chainlink has launched a new dedicated developer platform called 'Functions<\/a>'<\/em>. This platform will be the bridge between Web2 and Web3.<\/p>\n\n\n\n
'Functions' is the latest platform launched by Chainlink recently, with the feature of seamlessly connecting decentralized applications<\/a> (dApps) with the traditional web. The platform is in beta on the Ethereum Sepolia and Polygon Mumbai testnets.<\/p>\n\n\n\n
Chainlink's Functions will allow blockchain developers to connect their dApps or smart contracts<\/a> with any application programming interface within the traditional tech space without managing infrastructure. The platform has integrated with various cloud providers, including Amazon Web Services, Meta, and others.<\/p>\n\n\n\n
$\"Web3$
Chainlink Functions Use Cases Source: Chainlink<\/a><\/em><\/figcaption><\/figure>\n\n\n\n
According to Kemal El Moujahid, Chainlink's product manager, launching Functions will remove a significant hurdle in Web3 adoption. In the words of Moujahid, \u201cWith the launch of Functions, we are removing a major barrier to web3 adoption and helping developers combine smart contracts with the powerful APIs and web2 data sources they need to build Building great apps is easier than ever.\u201d<\/em><\/p>\n","post_title":"Chainlink's New Platform 'Functions' Will Bridge Web2 With Web3 Services Using An API","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlinks-new-platform-functions-will-bridge-web2-with-web3-services-using-an-api","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 17:29:38","post_modified_gmt":"2023-04-10 07:29:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10250","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10147,"post_author":"16","post_date":"2023-03-02 21:48:02","post_date_gmt":"2023-03-02 10:48:02","post_content":"\n
Didid Noordiatmoko, head of Indonesia's Commodity Futures Trading Authority (Bappebti<\/a>), said that the country aims to launch a state-backed cryptocurrency exchange by mid-year. According to Noordiatmoko, the most difficult part for Indonesian authorities in this process is the inability to define a certain standard for the exchange. However, the exchange will be run by a private company.<\/p>\n\n\n\n
Experts and investors believe that the launch of a state-backed electronic exchange will accelerate the development of cryptocurrency stock exchanges in Indonesia.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Indonesia Will Have Its Own Practical Crypto Exchange In 2023<\/a><\/p>\n\n\n\n
Setting the time is an important act of the Indonesian government in building its own exchange. In addition, the government of this country also established a system of regulations to avoid risks and protect customers in this country. The government had previously planned to launch the exchange by the end of 2022, which was delayed due to internal reasons and FTX's problems with the market.<\/p>\n\n\n\n
Along with the Indonesian exchange, there are plans to develop a cryptocurrency of its own. This currency is forecasted to be used in life, transportation, and economic categories, which will be launched after the development of the broker is completed.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631241581822095360\n<\/div><\/figure>\n","post_title":"Indonesia Set To Launch A State-Backed Crypto Exchange In Mid 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"indonesia-set-to-launch-a-state-backed-crypto-exchange-in-mid-2023","to_ping":"","pinged":"","post_modified":"2023-03-02 21:48:15","post_modified_gmt":"2023-03-02 10:48:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10085,"post_author":"16","post_date":"2023-02-28 00:17:15","post_date_gmt":"2023-02-27 13:17:15","post_content":"\n
On February 22, Hong Kong announced an investment of $6.3 million to develop the Web 3 ecosystem here.<\/p>\n\n\n\n
\n
Paul Chan, Hong Kong's Finance Minister, said the government will allocate HKD 50 million (about $6.37 million) to build the Web3 ecosystem. This was presented by him in the annual report at the Legislative Council of the Hong Kong Special Administrative Region. Chan commented that Web3 is in the startup stage with great potential. Therefore, Hong Kong needs to \"catch up with the times and seize the golden opportunity<\/em>\" to lead innovation development.
<\/li>\n\n\n\n
In the coming time, Hong Kong plans to set up and run a task force on virtual asset development with members from policy agencies, financial regulators, and market participants. The aim is to make recommendations to strengthen the industry's strong and sustainable development.
<\/li>\n\n\n\n
This is also a rare opportunity for Web 3 companies in Hong Kong, previously Hong Kong has announced that it will attract and support more than 1000 start-ups<\/a> in this field.
<\/li>\n\n\n\n
This is also the step that Chan has set for Hong Kong to become Asia's cryptocurrency center<\/a>. Now Hong Kong is like a \"black horse\" in the Asian market, and in the future, this city will become the second spear of China next to Beijing to help this country \"breakthrough\" the world market.<\/li>\n<\/ul>\n","post_title":"Hong Kong Invests Over $6.4M Into Web 3 Development","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-invests-over-6-4m-into-web-3-development","to_ping":"","pinged":"","post_modified":"2023-04-10 17:32:36","post_modified_gmt":"2023-04-10 07:32:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10085","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10013,"post_author":"16","post_date":"2023-02-22 13:10:58","post_date_gmt":"2023-02-22 02:10:58","post_content":"\n
FTX Japan announced<\/a> on its official website that customers of FTX Japan can start withdrawing money today, February 21, 2023, at 12:00 (JST).<\/p>\n\n\n\n
\n
Users can initiate withdrawals through the Liquid Japan platform. Liquid Japan<\/a> is a licensed Japanese crypto asset exchange acquired by FTX in 2022. Customers with assets in the account must confirm their balance and transfer it to their Liquid account. FTX Japan customers without a Liquid Japan account must open an account before receiving their assets.
<\/li>\n\n\n\n
According to documents published on December 26, 2022, FTX Japan manages customer deposits for all 14 cryptocurrencies it handles, including BTC and ETH. In addition, the company managed a legal currency balance of about 6.3 billion yen, exceeding customer deposits by about 300 million yen.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX\u2019s Former Executives Subpoenaed By Voyager Creditors To Explain Failed Bailout Attempts<\/a><\/p>\n\n\n\n
\n
FTX Japan adheres to strict rules set forth by the Financial Services Authority and is subject to Japanese laws regarding separate asset management. The agency has managed to minimize the impact of FTX Global's bankruptcy and take steps towards a smooth refund process for customers.<\/li>\n<\/ul>\n\n\n\n
\n
This is good news for investors using FTX in this Asian country, \"Amazing, in the gloom caused by FTX, this is the best decision I've ever seen, Japanese Government Banzai\"<\/em> - the delight of Mr. Dendei who invested 50K$ in FTX, told The Distributed.<\/li>\n<\/ul>\n","post_title":"FTX Japan Reopens Allowing Crypto And Fiat Withdrawals For Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-japan-reopens-allowing-crypto-and-fiat-withdrawals-for-investors","to_ping":"","pinged":"","post_modified":"2023-02-22 13:11:04","post_modified_gmt":"2023-02-22 02:11:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10013","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9964,"post_author":"16","post_date":"2023-02-19 22:37:19","post_date_gmt":"2023-02-19 11:37:19","post_content":"\n
If you are a fan of Final Fantasy, Tomb Raider, or Nier: Automata, the name Square Enix<\/a> is not unfamiliar to you. Recently, this popular Japanese game company has \"teased\" its first blockchain game.<\/p>\n\n\n\n
\n
Symbiogenesis is the new game name announced by this company, of course, the items exchanged in the game will be NFTized. Square Enix promises the game to bring an extremely unique experience to players with a lot of content for players to explore.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Play To Earn \u2013 Is The Future Of Gaming On The Blockchain?<\/a><\/p>\n\n\n\n
\n
The Japanese company's chosen platform is Polygon, with the advantages of fast transactions, low fees, safety, and good user experience. Polygon is a strategic step for Square Enix to join the ranks of major blockchain game companies worldwide.
<\/li>\n\n\n\n
This is a great opportunity for investors and gamers interested in Square Enix games. With its reputation, the \"giant from Japan\" quickly created a buzz in the market even though the game has not been released, this is a signal of the community's interest in this new project.
<\/li>\n\n\n\n
In recent years Japan has been promoting the blockchain industry<\/a>, rolling out plans to attract web 3, metaverse, etc. This is why Square Enix chose 2023 as the year to launch the project with maximum benefits received from support packages and at the same time, catch the wave of the era 2022 - 2025.<\/li>\n<\/ul>\n","post_title":"Community Awaiting The Arrival Of Square Enix's First Blockchain Game","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"community-awaiting-the-arrival-of-square-enixs-first-blockchain-game","to_ping":"","pinged":"","post_modified":"2023-02-19 22:37:23","post_modified_gmt":"2023-02-19 11:37:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9964","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9815,"post_author":"16","post_date":"2023-02-07 22:16:18","post_date_gmt":"2023-02-07 11:16:18","post_content":"\n
Recently, a former member of the Monetary Policy Committee at the People's Bank of China (PBoC), Huang Yiping called for Beijing to change its ban on cryptocurrencies in the country.<\/p>\n\n\n\n
\n
The economist thinks that the permanent ban on cryptocurrencies is only beneficial in the short term. Still, according to a long-term plan, it greatly affects China seizing big opportunities in the future. At the same time, this action will make China's FinTech industry backward in the future.
<\/li>\n\n\n\n
Although China is focusing on bringing blockchain technology into everyday life, the country is still famous for its \u201cblockchain, not Bitcoin\u201d stance. At the same time, the Chinese government has shown some hostility towards cryptocurrencies, eventually banning virtually all crypto transactions by 2021.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n\n\n\n
\n
If Mr Huang Yiping's proposal is approved, this will be a good sign for investors in China. Despite the ban, China remains the world's second-largest Bitcoin mining country as of January 2022, showing that a large crypto community still exists.
<\/li>\n\n\n\n
Some Chinese investors think that the government's ban only prohibits the trading of cryptocurrencies, but does not actually ban ownership of this virtual asset, so mining and holding here is completely legal.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n","post_title":"Economist Huang Yiping Urges China To Re-Evaluate Its Cryptocurrency Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"economist-huang-yiping-urges-china-to-re-evaluate-its-cryptocurrency-ban","to_ping":"","pinged":"","post_modified":"2023-02-07 22:16:26","post_modified_gmt":"2023-02-07 11:16:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9815","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Business

FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot

April 14, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
See Related: <\/em><\/strong>FTXs Latest Bankruptcy Report Details Poor Financial Management And Cybersecurity<\/a><\/p>\n\n\n\n
FTX's lawyers said the company could use the customer refunds to reinvigorate the exchange or raise capital to fund a plan to restart the exchange. The term \"reboot\" was used, although the exact meaning behind this was left to our imaginations.<\/p>\n\n\n\n
FTX is also working on a preliminary Chapter 11 plan, paving a path out of bankruptcy for FTX said Mr Dietderich.<\/p>\n\n\n\n
Meanwhile, Sam Bankman-Fried, the founder of FTX has been charged but has not been proven guilty. However, due to the stains created by Bankman-Fried, the confidence of FTX users and the cryptocurrency market is declining.<\/p>\n\n\n\n
See Related: <\/em><\/strong>FTX Co-Founder Pleads Guilty To Fraud Charges; Faces Up To 75 Years In Prison<\/a><\/p>\n","post_title":"FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-recovers-us7-3b-news-circulates-around-an-exchange-reboot","to_ping":"","pinged":"","post_modified":"2023-04-14 18:43:26","post_modified_gmt":"2023-04-14 08:43:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10932","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10295,"post_author":"16","post_date":"2023-03-09 12:14:53","post_date_gmt":"2023-03-09 01:14:53","post_content":"\n
WeChat has moved to support the development of China's CBDC, adding a payment method using the digital yuan, e-CNY.<\/p>\n\n\n\n
\n
WeChat is currently the largest social network in China and is expanding to more than 200 countries with 900 million individual users. With the strong development of WeChat today, this action of \"tycoon\" has brought the value of e-CNY to the world.
<\/li>\n\n\n\n
WeChat Pay wallet has over 3 billion users per quarter and allows users to use e-CNY to make payments, such as ordering fast food or topping up some mobile games connected with this platform.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple In Talks With Over 20 Central Banks For CBDC Development, Says Senior VP<\/a><\/p>\n\n\n\n
\n
The combination of WeChat and e-CNY makes adopting a CBDC<\/a> currency easier for consumers. On the other hand, it raises the awareness of the Chinese people about the potential and convenience of cryptocurrencies in the future.
<\/li>\n\n\n\n
In terms of investment, WeChat has made a significant impact on the Chinese market. It can be seen that this is a good opportunity to proceed with building a new trading system that focuses on cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>China Opens Blockchain Research Centre In Capital<\/a><\/p>\n","post_title":"Chinese Platform WeChat Accept Payments With The Digital Yuan CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chinese-platform-wechat-accept-payments-with-the-digital-yuan-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 17:21:15","post_modified_gmt":"2023-04-10 07:21:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10295","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10250,"post_author":"16","post_date":"2023-03-05 17:39:24","post_date_gmt":"2023-03-05 06:39:24","post_content":"\n
Chainlink has launched a new dedicated developer platform called 'Functions<\/a>'<\/em>. This platform will be the bridge between Web2 and Web3.<\/p>\n\n\n\n
'Functions' is the latest platform launched by Chainlink recently, with the feature of seamlessly connecting decentralized applications<\/a> (dApps) with the traditional web. The platform is in beta on the Ethereum Sepolia and Polygon Mumbai testnets.<\/p>\n\n\n\n
Chainlink's Functions will allow blockchain developers to connect their dApps or smart contracts<\/a> with any application programming interface within the traditional tech space without managing infrastructure. The platform has integrated with various cloud providers, including Amazon Web Services, Meta, and others.<\/p>\n\n\n\n
$\"Web3$
Chainlink Functions Use Cases Source: Chainlink<\/a><\/em><\/figcaption><\/figure>\n\n\n\n
According to Kemal El Moujahid, Chainlink's product manager, launching Functions will remove a significant hurdle in Web3 adoption. In the words of Moujahid, \u201cWith the launch of Functions, we are removing a major barrier to web3 adoption and helping developers combine smart contracts with the powerful APIs and web2 data sources they need to build Building great apps is easier than ever.\u201d<\/em><\/p>\n","post_title":"Chainlink's New Platform 'Functions' Will Bridge Web2 With Web3 Services Using An API","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlinks-new-platform-functions-will-bridge-web2-with-web3-services-using-an-api","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 17:29:38","post_modified_gmt":"2023-04-10 07:29:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10250","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10147,"post_author":"16","post_date":"2023-03-02 21:48:02","post_date_gmt":"2023-03-02 10:48:02","post_content":"\n
Didid Noordiatmoko, head of Indonesia's Commodity Futures Trading Authority (Bappebti<\/a>), said that the country aims to launch a state-backed cryptocurrency exchange by mid-year. According to Noordiatmoko, the most difficult part for Indonesian authorities in this process is the inability to define a certain standard for the exchange. However, the exchange will be run by a private company.<\/p>\n\n\n\n
Experts and investors believe that the launch of a state-backed electronic exchange will accelerate the development of cryptocurrency stock exchanges in Indonesia.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Indonesia Will Have Its Own Practical Crypto Exchange In 2023<\/a><\/p>\n\n\n\n
Setting the time is an important act of the Indonesian government in building its own exchange. In addition, the government of this country also established a system of regulations to avoid risks and protect customers in this country. The government had previously planned to launch the exchange by the end of 2022, which was delayed due to internal reasons and FTX's problems with the market.<\/p>\n\n\n\n
Along with the Indonesian exchange, there are plans to develop a cryptocurrency of its own. This currency is forecasted to be used in life, transportation, and economic categories, which will be launched after the development of the broker is completed.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631241581822095360\n<\/div><\/figure>\n","post_title":"Indonesia Set To Launch A State-Backed Crypto Exchange In Mid 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"indonesia-set-to-launch-a-state-backed-crypto-exchange-in-mid-2023","to_ping":"","pinged":"","post_modified":"2023-03-02 21:48:15","post_modified_gmt":"2023-03-02 10:48:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10085,"post_author":"16","post_date":"2023-02-28 00:17:15","post_date_gmt":"2023-02-27 13:17:15","post_content":"\n
On February 22, Hong Kong announced an investment of $6.3 million to develop the Web 3 ecosystem here.<\/p>\n\n\n\n
\n
Paul Chan, Hong Kong's Finance Minister, said the government will allocate HKD 50 million (about $6.37 million) to build the Web3 ecosystem. This was presented by him in the annual report at the Legislative Council of the Hong Kong Special Administrative Region. Chan commented that Web3 is in the startup stage with great potential. Therefore, Hong Kong needs to \"catch up with the times and seize the golden opportunity<\/em>\" to lead innovation development.
<\/li>\n\n\n\n
In the coming time, Hong Kong plans to set up and run a task force on virtual asset development with members from policy agencies, financial regulators, and market participants. The aim is to make recommendations to strengthen the industry's strong and sustainable development.
<\/li>\n\n\n\n
This is also a rare opportunity for Web 3 companies in Hong Kong, previously Hong Kong has announced that it will attract and support more than 1000 start-ups<\/a> in this field.
<\/li>\n\n\n\n
This is also the step that Chan has set for Hong Kong to become Asia's cryptocurrency center<\/a>. Now Hong Kong is like a \"black horse\" in the Asian market, and in the future, this city will become the second spear of China next to Beijing to help this country \"breakthrough\" the world market.<\/li>\n<\/ul>\n","post_title":"Hong Kong Invests Over $6.4M Into Web 3 Development","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-invests-over-6-4m-into-web-3-development","to_ping":"","pinged":"","post_modified":"2023-04-10 17:32:36","post_modified_gmt":"2023-04-10 07:32:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10085","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10013,"post_author":"16","post_date":"2023-02-22 13:10:58","post_date_gmt":"2023-02-22 02:10:58","post_content":"\n
FTX Japan announced<\/a> on its official website that customers of FTX Japan can start withdrawing money today, February 21, 2023, at 12:00 (JST).<\/p>\n\n\n\n
\n
Users can initiate withdrawals through the Liquid Japan platform. Liquid Japan<\/a> is a licensed Japanese crypto asset exchange acquired by FTX in 2022. Customers with assets in the account must confirm their balance and transfer it to their Liquid account. FTX Japan customers without a Liquid Japan account must open an account before receiving their assets.
<\/li>\n\n\n\n
According to documents published on December 26, 2022, FTX Japan manages customer deposits for all 14 cryptocurrencies it handles, including BTC and ETH. In addition, the company managed a legal currency balance of about 6.3 billion yen, exceeding customer deposits by about 300 million yen.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX\u2019s Former Executives Subpoenaed By Voyager Creditors To Explain Failed Bailout Attempts<\/a><\/p>\n\n\n\n
\n
FTX Japan adheres to strict rules set forth by the Financial Services Authority and is subject to Japanese laws regarding separate asset management. The agency has managed to minimize the impact of FTX Global's bankruptcy and take steps towards a smooth refund process for customers.<\/li>\n<\/ul>\n\n\n\n
\n
This is good news for investors using FTX in this Asian country, \"Amazing, in the gloom caused by FTX, this is the best decision I've ever seen, Japanese Government Banzai\"<\/em> - the delight of Mr. Dendei who invested 50K$ in FTX, told The Distributed.<\/li>\n<\/ul>\n","post_title":"FTX Japan Reopens Allowing Crypto And Fiat Withdrawals For Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-japan-reopens-allowing-crypto-and-fiat-withdrawals-for-investors","to_ping":"","pinged":"","post_modified":"2023-02-22 13:11:04","post_modified_gmt":"2023-02-22 02:11:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10013","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9964,"post_author":"16","post_date":"2023-02-19 22:37:19","post_date_gmt":"2023-02-19 11:37:19","post_content":"\n
If you are a fan of Final Fantasy, Tomb Raider, or Nier: Automata, the name Square Enix<\/a> is not unfamiliar to you. Recently, this popular Japanese game company has \"teased\" its first blockchain game.<\/p>\n\n\n\n
\n
Symbiogenesis is the new game name announced by this company, of course, the items exchanged in the game will be NFTized. Square Enix promises the game to bring an extremely unique experience to players with a lot of content for players to explore.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Play To Earn \u2013 Is The Future Of Gaming On The Blockchain?<\/a><\/p>\n\n\n\n
\n
The Japanese company's chosen platform is Polygon, with the advantages of fast transactions, low fees, safety, and good user experience. Polygon is a strategic step for Square Enix to join the ranks of major blockchain game companies worldwide.
<\/li>\n\n\n\n
This is a great opportunity for investors and gamers interested in Square Enix games. With its reputation, the \"giant from Japan\" quickly created a buzz in the market even though the game has not been released, this is a signal of the community's interest in this new project.
<\/li>\n\n\n\n
In recent years Japan has been promoting the blockchain industry<\/a>, rolling out plans to attract web 3, metaverse, etc. This is why Square Enix chose 2023 as the year to launch the project with maximum benefits received from support packages and at the same time, catch the wave of the era 2022 - 2025.<\/li>\n<\/ul>\n","post_title":"Community Awaiting The Arrival Of Square Enix's First Blockchain Game","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"community-awaiting-the-arrival-of-square-enixs-first-blockchain-game","to_ping":"","pinged":"","post_modified":"2023-02-19 22:37:23","post_modified_gmt":"2023-02-19 11:37:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9964","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9815,"post_author":"16","post_date":"2023-02-07 22:16:18","post_date_gmt":"2023-02-07 11:16:18","post_content":"\n
Recently, a former member of the Monetary Policy Committee at the People's Bank of China (PBoC), Huang Yiping called for Beijing to change its ban on cryptocurrencies in the country.<\/p>\n\n\n\n
\n
The economist thinks that the permanent ban on cryptocurrencies is only beneficial in the short term. Still, according to a long-term plan, it greatly affects China seizing big opportunities in the future. At the same time, this action will make China's FinTech industry backward in the future.
<\/li>\n\n\n\n
Although China is focusing on bringing blockchain technology into everyday life, the country is still famous for its \u201cblockchain, not Bitcoin\u201d stance. At the same time, the Chinese government has shown some hostility towards cryptocurrencies, eventually banning virtually all crypto transactions by 2021.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n\n\n\n
\n
If Mr Huang Yiping's proposal is approved, this will be a good sign for investors in China. Despite the ban, China remains the world's second-largest Bitcoin mining country as of January 2022, showing that a large crypto community still exists.
<\/li>\n\n\n\n
Some Chinese investors think that the government's ban only prohibits the trading of cryptocurrencies, but does not actually ban ownership of this virtual asset, so mining and holding here is completely legal.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n","post_title":"Economist Huang Yiping Urges China To Re-Evaluate Its Cryptocurrency Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"economist-huang-yiping-urges-china-to-re-evaluate-its-cryptocurrency-ban","to_ping":"","pinged":"","post_modified":"2023-02-07 22:16:26","post_modified_gmt":"2023-02-07 11:16:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9815","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Business

FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot

April 14, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
After this news, the price of the FTT token of FTX increased by more than 128% after only 2 hours. Previously, FTX had a shortfall of US$9B and was in the process of a post-bankruptcy investigation.<\/p>\n\n\n\n
See Related: <\/em><\/strong>FTXs Latest Bankruptcy Report Details Poor Financial Management And Cybersecurity<\/a><\/p>\n\n\n\n
FTX's lawyers said the company could use the customer refunds to reinvigorate the exchange or raise capital to fund a plan to restart the exchange. The term \"reboot\" was used, although the exact meaning behind this was left to our imaginations.<\/p>\n\n\n\n
FTX is also working on a preliminary Chapter 11 plan, paving a path out of bankruptcy for FTX said Mr Dietderich.<\/p>\n\n\n\n
Meanwhile, Sam Bankman-Fried, the founder of FTX has been charged but has not been proven guilty. However, due to the stains created by Bankman-Fried, the confidence of FTX users and the cryptocurrency market is declining.<\/p>\n\n\n\n
See Related: <\/em><\/strong>FTX Co-Founder Pleads Guilty To Fraud Charges; Faces Up To 75 Years In Prison<\/a><\/p>\n","post_title":"FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-recovers-us7-3b-news-circulates-around-an-exchange-reboot","to_ping":"","pinged":"","post_modified":"2023-04-14 18:43:26","post_modified_gmt":"2023-04-14 08:43:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10932","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10295,"post_author":"16","post_date":"2023-03-09 12:14:53","post_date_gmt":"2023-03-09 01:14:53","post_content":"\n
WeChat has moved to support the development of China's CBDC, adding a payment method using the digital yuan, e-CNY.<\/p>\n\n\n\n
\n
WeChat is currently the largest social network in China and is expanding to more than 200 countries with 900 million individual users. With the strong development of WeChat today, this action of \"tycoon\" has brought the value of e-CNY to the world.
<\/li>\n\n\n\n
WeChat Pay wallet has over 3 billion users per quarter and allows users to use e-CNY to make payments, such as ordering fast food or topping up some mobile games connected with this platform.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple In Talks With Over 20 Central Banks For CBDC Development, Says Senior VP<\/a><\/p>\n\n\n\n
\n
The combination of WeChat and e-CNY makes adopting a CBDC<\/a> currency easier for consumers. On the other hand, it raises the awareness of the Chinese people about the potential and convenience of cryptocurrencies in the future.
<\/li>\n\n\n\n
In terms of investment, WeChat has made a significant impact on the Chinese market. It can be seen that this is a good opportunity to proceed with building a new trading system that focuses on cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>China Opens Blockchain Research Centre In Capital<\/a><\/p>\n","post_title":"Chinese Platform WeChat Accept Payments With The Digital Yuan CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chinese-platform-wechat-accept-payments-with-the-digital-yuan-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 17:21:15","post_modified_gmt":"2023-04-10 07:21:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10295","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10250,"post_author":"16","post_date":"2023-03-05 17:39:24","post_date_gmt":"2023-03-05 06:39:24","post_content":"\n
Chainlink has launched a new dedicated developer platform called 'Functions<\/a>'<\/em>. This platform will be the bridge between Web2 and Web3.<\/p>\n\n\n\n
'Functions' is the latest platform launched by Chainlink recently, with the feature of seamlessly connecting decentralized applications<\/a> (dApps) with the traditional web. The platform is in beta on the Ethereum Sepolia and Polygon Mumbai testnets.<\/p>\n\n\n\n
Chainlink's Functions will allow blockchain developers to connect their dApps or smart contracts<\/a> with any application programming interface within the traditional tech space without managing infrastructure. The platform has integrated with various cloud providers, including Amazon Web Services, Meta, and others.<\/p>\n\n\n\n
$\"Web3$
Chainlink Functions Use Cases Source: Chainlink<\/a><\/em><\/figcaption><\/figure>\n\n\n\n
According to Kemal El Moujahid, Chainlink's product manager, launching Functions will remove a significant hurdle in Web3 adoption. In the words of Moujahid, \u201cWith the launch of Functions, we are removing a major barrier to web3 adoption and helping developers combine smart contracts with the powerful APIs and web2 data sources they need to build Building great apps is easier than ever.\u201d<\/em><\/p>\n","post_title":"Chainlink's New Platform 'Functions' Will Bridge Web2 With Web3 Services Using An API","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlinks-new-platform-functions-will-bridge-web2-with-web3-services-using-an-api","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 17:29:38","post_modified_gmt":"2023-04-10 07:29:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10250","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10147,"post_author":"16","post_date":"2023-03-02 21:48:02","post_date_gmt":"2023-03-02 10:48:02","post_content":"\n
Didid Noordiatmoko, head of Indonesia's Commodity Futures Trading Authority (Bappebti<\/a>), said that the country aims to launch a state-backed cryptocurrency exchange by mid-year. According to Noordiatmoko, the most difficult part for Indonesian authorities in this process is the inability to define a certain standard for the exchange. However, the exchange will be run by a private company.<\/p>\n\n\n\n
Experts and investors believe that the launch of a state-backed electronic exchange will accelerate the development of cryptocurrency stock exchanges in Indonesia.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Indonesia Will Have Its Own Practical Crypto Exchange In 2023<\/a><\/p>\n\n\n\n
Setting the time is an important act of the Indonesian government in building its own exchange. In addition, the government of this country also established a system of regulations to avoid risks and protect customers in this country. The government had previously planned to launch the exchange by the end of 2022, which was delayed due to internal reasons and FTX's problems with the market.<\/p>\n\n\n\n
Along with the Indonesian exchange, there are plans to develop a cryptocurrency of its own. This currency is forecasted to be used in life, transportation, and economic categories, which will be launched after the development of the broker is completed.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631241581822095360\n<\/div><\/figure>\n","post_title":"Indonesia Set To Launch A State-Backed Crypto Exchange In Mid 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"indonesia-set-to-launch-a-state-backed-crypto-exchange-in-mid-2023","to_ping":"","pinged":"","post_modified":"2023-03-02 21:48:15","post_modified_gmt":"2023-03-02 10:48:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10085,"post_author":"16","post_date":"2023-02-28 00:17:15","post_date_gmt":"2023-02-27 13:17:15","post_content":"\n
On February 22, Hong Kong announced an investment of $6.3 million to develop the Web 3 ecosystem here.<\/p>\n\n\n\n
\n
Paul Chan, Hong Kong's Finance Minister, said the government will allocate HKD 50 million (about $6.37 million) to build the Web3 ecosystem. This was presented by him in the annual report at the Legislative Council of the Hong Kong Special Administrative Region. Chan commented that Web3 is in the startup stage with great potential. Therefore, Hong Kong needs to \"catch up with the times and seize the golden opportunity<\/em>\" to lead innovation development.
<\/li>\n\n\n\n
In the coming time, Hong Kong plans to set up and run a task force on virtual asset development with members from policy agencies, financial regulators, and market participants. The aim is to make recommendations to strengthen the industry's strong and sustainable development.
<\/li>\n\n\n\n
This is also a rare opportunity for Web 3 companies in Hong Kong, previously Hong Kong has announced that it will attract and support more than 1000 start-ups<\/a> in this field.
<\/li>\n\n\n\n
This is also the step that Chan has set for Hong Kong to become Asia's cryptocurrency center<\/a>. Now Hong Kong is like a \"black horse\" in the Asian market, and in the future, this city will become the second spear of China next to Beijing to help this country \"breakthrough\" the world market.<\/li>\n<\/ul>\n","post_title":"Hong Kong Invests Over $6.4M Into Web 3 Development","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-invests-over-6-4m-into-web-3-development","to_ping":"","pinged":"","post_modified":"2023-04-10 17:32:36","post_modified_gmt":"2023-04-10 07:32:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10085","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10013,"post_author":"16","post_date":"2023-02-22 13:10:58","post_date_gmt":"2023-02-22 02:10:58","post_content":"\n
FTX Japan announced<\/a> on its official website that customers of FTX Japan can start withdrawing money today, February 21, 2023, at 12:00 (JST).<\/p>\n\n\n\n
\n
Users can initiate withdrawals through the Liquid Japan platform. Liquid Japan<\/a> is a licensed Japanese crypto asset exchange acquired by FTX in 2022. Customers with assets in the account must confirm their balance and transfer it to their Liquid account. FTX Japan customers without a Liquid Japan account must open an account before receiving their assets.
<\/li>\n\n\n\n
According to documents published on December 26, 2022, FTX Japan manages customer deposits for all 14 cryptocurrencies it handles, including BTC and ETH. In addition, the company managed a legal currency balance of about 6.3 billion yen, exceeding customer deposits by about 300 million yen.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX\u2019s Former Executives Subpoenaed By Voyager Creditors To Explain Failed Bailout Attempts<\/a><\/p>\n\n\n\n
\n
FTX Japan adheres to strict rules set forth by the Financial Services Authority and is subject to Japanese laws regarding separate asset management. The agency has managed to minimize the impact of FTX Global's bankruptcy and take steps towards a smooth refund process for customers.<\/li>\n<\/ul>\n\n\n\n
\n
This is good news for investors using FTX in this Asian country, \"Amazing, in the gloom caused by FTX, this is the best decision I've ever seen, Japanese Government Banzai\"<\/em> - the delight of Mr. Dendei who invested 50K$ in FTX, told The Distributed.<\/li>\n<\/ul>\n","post_title":"FTX Japan Reopens Allowing Crypto And Fiat Withdrawals For Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-japan-reopens-allowing-crypto-and-fiat-withdrawals-for-investors","to_ping":"","pinged":"","post_modified":"2023-02-22 13:11:04","post_modified_gmt":"2023-02-22 02:11:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10013","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9964,"post_author":"16","post_date":"2023-02-19 22:37:19","post_date_gmt":"2023-02-19 11:37:19","post_content":"\n
If you are a fan of Final Fantasy, Tomb Raider, or Nier: Automata, the name Square Enix<\/a> is not unfamiliar to you. Recently, this popular Japanese game company has \"teased\" its first blockchain game.<\/p>\n\n\n\n
\n
Symbiogenesis is the new game name announced by this company, of course, the items exchanged in the game will be NFTized. Square Enix promises the game to bring an extremely unique experience to players with a lot of content for players to explore.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Play To Earn \u2013 Is The Future Of Gaming On The Blockchain?<\/a><\/p>\n\n\n\n
\n
The Japanese company's chosen platform is Polygon, with the advantages of fast transactions, low fees, safety, and good user experience. Polygon is a strategic step for Square Enix to join the ranks of major blockchain game companies worldwide.
<\/li>\n\n\n\n
This is a great opportunity for investors and gamers interested in Square Enix games. With its reputation, the \"giant from Japan\" quickly created a buzz in the market even though the game has not been released, this is a signal of the community's interest in this new project.
<\/li>\n\n\n\n
In recent years Japan has been promoting the blockchain industry<\/a>, rolling out plans to attract web 3, metaverse, etc. This is why Square Enix chose 2023 as the year to launch the project with maximum benefits received from support packages and at the same time, catch the wave of the era 2022 - 2025.<\/li>\n<\/ul>\n","post_title":"Community Awaiting The Arrival Of Square Enix's First Blockchain Game","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"community-awaiting-the-arrival-of-square-enixs-first-blockchain-game","to_ping":"","pinged":"","post_modified":"2023-02-19 22:37:23","post_modified_gmt":"2023-02-19 11:37:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9964","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9815,"post_author":"16","post_date":"2023-02-07 22:16:18","post_date_gmt":"2023-02-07 11:16:18","post_content":"\n
Recently, a former member of the Monetary Policy Committee at the People's Bank of China (PBoC), Huang Yiping called for Beijing to change its ban on cryptocurrencies in the country.<\/p>\n\n\n\n
\n
The economist thinks that the permanent ban on cryptocurrencies is only beneficial in the short term. Still, according to a long-term plan, it greatly affects China seizing big opportunities in the future. At the same time, this action will make China's FinTech industry backward in the future.
<\/li>\n\n\n\n
Although China is focusing on bringing blockchain technology into everyday life, the country is still famous for its \u201cblockchain, not Bitcoin\u201d stance. At the same time, the Chinese government has shown some hostility towards cryptocurrencies, eventually banning virtually all crypto transactions by 2021.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n\n\n\n
\n
If Mr Huang Yiping's proposal is approved, this will be a good sign for investors in China. Despite the ban, China remains the world's second-largest Bitcoin mining country as of January 2022, showing that a large crypto community still exists.
<\/li>\n\n\n\n
Some Chinese investors think that the government's ban only prohibits the trading of cryptocurrencies, but does not actually ban ownership of this virtual asset, so mining and holding here is completely legal.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n","post_title":"Economist Huang Yiping Urges China To Re-Evaluate Its Cryptocurrency Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"economist-huang-yiping-urges-china-to-re-evaluate-its-cryptocurrency-ban","to_ping":"","pinged":"","post_modified":"2023-02-07 22:16:26","post_modified_gmt":"2023-02-07 11:16:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9815","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Business

FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot

April 14, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\u201cThe situation has stabilised, and the dumpster fire is out.\u201d<\/em><\/p>\n\n\n\n
After this news, the price of the FTT token of FTX increased by more than 128% after only 2 hours. Previously, FTX had a shortfall of US$9B and was in the process of a post-bankruptcy investigation.<\/p>\n\n\n\n
See Related: <\/em><\/strong>FTXs Latest Bankruptcy Report Details Poor Financial Management And Cybersecurity<\/a><\/p>\n\n\n\n
FTX's lawyers said the company could use the customer refunds to reinvigorate the exchange or raise capital to fund a plan to restart the exchange. The term \"reboot\" was used, although the exact meaning behind this was left to our imaginations.<\/p>\n\n\n\n
FTX is also working on a preliminary Chapter 11 plan, paving a path out of bankruptcy for FTX said Mr Dietderich.<\/p>\n\n\n\n
Meanwhile, Sam Bankman-Fried, the founder of FTX has been charged but has not been proven guilty. However, due to the stains created by Bankman-Fried, the confidence of FTX users and the cryptocurrency market is declining.<\/p>\n\n\n\n
See Related: <\/em><\/strong>FTX Co-Founder Pleads Guilty To Fraud Charges; Faces Up To 75 Years In Prison<\/a><\/p>\n","post_title":"FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-recovers-us7-3b-news-circulates-around-an-exchange-reboot","to_ping":"","pinged":"","post_modified":"2023-04-14 18:43:26","post_modified_gmt":"2023-04-14 08:43:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10932","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10295,"post_author":"16","post_date":"2023-03-09 12:14:53","post_date_gmt":"2023-03-09 01:14:53","post_content":"\n
WeChat has moved to support the development of China's CBDC, adding a payment method using the digital yuan, e-CNY.<\/p>\n\n\n\n
\n
WeChat is currently the largest social network in China and is expanding to more than 200 countries with 900 million individual users. With the strong development of WeChat today, this action of \"tycoon\" has brought the value of e-CNY to the world.
<\/li>\n\n\n\n
WeChat Pay wallet has over 3 billion users per quarter and allows users to use e-CNY to make payments, such as ordering fast food or topping up some mobile games connected with this platform.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple In Talks With Over 20 Central Banks For CBDC Development, Says Senior VP<\/a><\/p>\n\n\n\n
\n
The combination of WeChat and e-CNY makes adopting a CBDC<\/a> currency easier for consumers. On the other hand, it raises the awareness of the Chinese people about the potential and convenience of cryptocurrencies in the future.
<\/li>\n\n\n\n
In terms of investment, WeChat has made a significant impact on the Chinese market. It can be seen that this is a good opportunity to proceed with building a new trading system that focuses on cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>China Opens Blockchain Research Centre In Capital<\/a><\/p>\n","post_title":"Chinese Platform WeChat Accept Payments With The Digital Yuan CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chinese-platform-wechat-accept-payments-with-the-digital-yuan-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 17:21:15","post_modified_gmt":"2023-04-10 07:21:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10295","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10250,"post_author":"16","post_date":"2023-03-05 17:39:24","post_date_gmt":"2023-03-05 06:39:24","post_content":"\n
Chainlink has launched a new dedicated developer platform called 'Functions<\/a>'<\/em>. This platform will be the bridge between Web2 and Web3.<\/p>\n\n\n\n
'Functions' is the latest platform launched by Chainlink recently, with the feature of seamlessly connecting decentralized applications<\/a> (dApps) with the traditional web. The platform is in beta on the Ethereum Sepolia and Polygon Mumbai testnets.<\/p>\n\n\n\n
Chainlink's Functions will allow blockchain developers to connect their dApps or smart contracts<\/a> with any application programming interface within the traditional tech space without managing infrastructure. The platform has integrated with various cloud providers, including Amazon Web Services, Meta, and others.<\/p>\n\n\n\n
$\"Web3$
Chainlink Functions Use Cases Source: Chainlink<\/a><\/em><\/figcaption><\/figure>\n\n\n\n
According to Kemal El Moujahid, Chainlink's product manager, launching Functions will remove a significant hurdle in Web3 adoption. In the words of Moujahid, \u201cWith the launch of Functions, we are removing a major barrier to web3 adoption and helping developers combine smart contracts with the powerful APIs and web2 data sources they need to build Building great apps is easier than ever.\u201d<\/em><\/p>\n","post_title":"Chainlink's New Platform 'Functions' Will Bridge Web2 With Web3 Services Using An API","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlinks-new-platform-functions-will-bridge-web2-with-web3-services-using-an-api","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 17:29:38","post_modified_gmt":"2023-04-10 07:29:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10250","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10147,"post_author":"16","post_date":"2023-03-02 21:48:02","post_date_gmt":"2023-03-02 10:48:02","post_content":"\n
Didid Noordiatmoko, head of Indonesia's Commodity Futures Trading Authority (Bappebti<\/a>), said that the country aims to launch a state-backed cryptocurrency exchange by mid-year. According to Noordiatmoko, the most difficult part for Indonesian authorities in this process is the inability to define a certain standard for the exchange. However, the exchange will be run by a private company.<\/p>\n\n\n\n
Experts and investors believe that the launch of a state-backed electronic exchange will accelerate the development of cryptocurrency stock exchanges in Indonesia.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Indonesia Will Have Its Own Practical Crypto Exchange In 2023<\/a><\/p>\n\n\n\n
Setting the time is an important act of the Indonesian government in building its own exchange. In addition, the government of this country also established a system of regulations to avoid risks and protect customers in this country. The government had previously planned to launch the exchange by the end of 2022, which was delayed due to internal reasons and FTX's problems with the market.<\/p>\n\n\n\n
Along with the Indonesian exchange, there are plans to develop a cryptocurrency of its own. This currency is forecasted to be used in life, transportation, and economic categories, which will be launched after the development of the broker is completed.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631241581822095360\n<\/div><\/figure>\n","post_title":"Indonesia Set To Launch A State-Backed Crypto Exchange In Mid 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"indonesia-set-to-launch-a-state-backed-crypto-exchange-in-mid-2023","to_ping":"","pinged":"","post_modified":"2023-03-02 21:48:15","post_modified_gmt":"2023-03-02 10:48:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10085,"post_author":"16","post_date":"2023-02-28 00:17:15","post_date_gmt":"2023-02-27 13:17:15","post_content":"\n
On February 22, Hong Kong announced an investment of $6.3 million to develop the Web 3 ecosystem here.<\/p>\n\n\n\n
\n
Paul Chan, Hong Kong's Finance Minister, said the government will allocate HKD 50 million (about $6.37 million) to build the Web3 ecosystem. This was presented by him in the annual report at the Legislative Council of the Hong Kong Special Administrative Region. Chan commented that Web3 is in the startup stage with great potential. Therefore, Hong Kong needs to \"catch up with the times and seize the golden opportunity<\/em>\" to lead innovation development.
<\/li>\n\n\n\n
In the coming time, Hong Kong plans to set up and run a task force on virtual asset development with members from policy agencies, financial regulators, and market participants. The aim is to make recommendations to strengthen the industry's strong and sustainable development.
<\/li>\n\n\n\n
This is also a rare opportunity for Web 3 companies in Hong Kong, previously Hong Kong has announced that it will attract and support more than 1000 start-ups<\/a> in this field.
<\/li>\n\n\n\n
This is also the step that Chan has set for Hong Kong to become Asia's cryptocurrency center<\/a>. Now Hong Kong is like a \"black horse\" in the Asian market, and in the future, this city will become the second spear of China next to Beijing to help this country \"breakthrough\" the world market.<\/li>\n<\/ul>\n","post_title":"Hong Kong Invests Over $6.4M Into Web 3 Development","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-invests-over-6-4m-into-web-3-development","to_ping":"","pinged":"","post_modified":"2023-04-10 17:32:36","post_modified_gmt":"2023-04-10 07:32:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10085","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10013,"post_author":"16","post_date":"2023-02-22 13:10:58","post_date_gmt":"2023-02-22 02:10:58","post_content":"\n
FTX Japan announced<\/a> on its official website that customers of FTX Japan can start withdrawing money today, February 21, 2023, at 12:00 (JST).<\/p>\n\n\n\n
\n
Users can initiate withdrawals through the Liquid Japan platform. Liquid Japan<\/a> is a licensed Japanese crypto asset exchange acquired by FTX in 2022. Customers with assets in the account must confirm their balance and transfer it to their Liquid account. FTX Japan customers without a Liquid Japan account must open an account before receiving their assets.
<\/li>\n\n\n\n
According to documents published on December 26, 2022, FTX Japan manages customer deposits for all 14 cryptocurrencies it handles, including BTC and ETH. In addition, the company managed a legal currency balance of about 6.3 billion yen, exceeding customer deposits by about 300 million yen.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX\u2019s Former Executives Subpoenaed By Voyager Creditors To Explain Failed Bailout Attempts<\/a><\/p>\n\n\n\n
\n
FTX Japan adheres to strict rules set forth by the Financial Services Authority and is subject to Japanese laws regarding separate asset management. The agency has managed to minimize the impact of FTX Global's bankruptcy and take steps towards a smooth refund process for customers.<\/li>\n<\/ul>\n\n\n\n
\n
This is good news for investors using FTX in this Asian country, \"Amazing, in the gloom caused by FTX, this is the best decision I've ever seen, Japanese Government Banzai\"<\/em> - the delight of Mr. Dendei who invested 50K$ in FTX, told The Distributed.<\/li>\n<\/ul>\n","post_title":"FTX Japan Reopens Allowing Crypto And Fiat Withdrawals For Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-japan-reopens-allowing-crypto-and-fiat-withdrawals-for-investors","to_ping":"","pinged":"","post_modified":"2023-02-22 13:11:04","post_modified_gmt":"2023-02-22 02:11:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10013","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9964,"post_author":"16","post_date":"2023-02-19 22:37:19","post_date_gmt":"2023-02-19 11:37:19","post_content":"\n
If you are a fan of Final Fantasy, Tomb Raider, or Nier: Automata, the name Square Enix<\/a> is not unfamiliar to you. Recently, this popular Japanese game company has \"teased\" its first blockchain game.<\/p>\n\n\n\n
\n
Symbiogenesis is the new game name announced by this company, of course, the items exchanged in the game will be NFTized. Square Enix promises the game to bring an extremely unique experience to players with a lot of content for players to explore.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Play To Earn \u2013 Is The Future Of Gaming On The Blockchain?<\/a><\/p>\n\n\n\n
\n
The Japanese company's chosen platform is Polygon, with the advantages of fast transactions, low fees, safety, and good user experience. Polygon is a strategic step for Square Enix to join the ranks of major blockchain game companies worldwide.
<\/li>\n\n\n\n
This is a great opportunity for investors and gamers interested in Square Enix games. With its reputation, the \"giant from Japan\" quickly created a buzz in the market even though the game has not been released, this is a signal of the community's interest in this new project.
<\/li>\n\n\n\n
In recent years Japan has been promoting the blockchain industry<\/a>, rolling out plans to attract web 3, metaverse, etc. This is why Square Enix chose 2023 as the year to launch the project with maximum benefits received from support packages and at the same time, catch the wave of the era 2022 - 2025.<\/li>\n<\/ul>\n","post_title":"Community Awaiting The Arrival Of Square Enix's First Blockchain Game","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"community-awaiting-the-arrival-of-square-enixs-first-blockchain-game","to_ping":"","pinged":"","post_modified":"2023-02-19 22:37:23","post_modified_gmt":"2023-02-19 11:37:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9964","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9815,"post_author":"16","post_date":"2023-02-07 22:16:18","post_date_gmt":"2023-02-07 11:16:18","post_content":"\n
Recently, a former member of the Monetary Policy Committee at the People's Bank of China (PBoC), Huang Yiping called for Beijing to change its ban on cryptocurrencies in the country.<\/p>\n\n\n\n
\n
The economist thinks that the permanent ban on cryptocurrencies is only beneficial in the short term. Still, according to a long-term plan, it greatly affects China seizing big opportunities in the future. At the same time, this action will make China's FinTech industry backward in the future.
<\/li>\n\n\n\n
Although China is focusing on bringing blockchain technology into everyday life, the country is still famous for its \u201cblockchain, not Bitcoin\u201d stance. At the same time, the Chinese government has shown some hostility towards cryptocurrencies, eventually banning virtually all crypto transactions by 2021.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n\n\n\n
\n
If Mr Huang Yiping's proposal is approved, this will be a good sign for investors in China. Despite the ban, China remains the world's second-largest Bitcoin mining country as of January 2022, showing that a large crypto community still exists.
<\/li>\n\n\n\n
Some Chinese investors think that the government's ban only prohibits the trading of cryptocurrencies, but does not actually ban ownership of this virtual asset, so mining and holding here is completely legal.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n","post_title":"Economist Huang Yiping Urges China To Re-Evaluate Its Cryptocurrency Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"economist-huang-yiping-urges-china-to-re-evaluate-its-cryptocurrency-ban","to_ping":"","pinged":"","post_modified":"2023-02-07 22:16:26","post_modified_gmt":"2023-02-07 11:16:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9815","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Business

FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot

April 14, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
FTX exchange has successfully recovered US$7.3B in assets and plans to restart the exchange, and revealed its reorganization plan in July and is expected to reopen in 2nd quarter of 2024. This was announced by FTX's attorney Andy Dietderich, he stated that;<\/p>\n\n\n\n
\u201cThe situation has stabilised, and the dumpster fire is out.\u201d<\/em><\/p>\n\n\n\n
After this news, the price of the FTT token of FTX increased by more than 128% after only 2 hours. Previously, FTX had a shortfall of US$9B and was in the process of a post-bankruptcy investigation.<\/p>\n\n\n\n
See Related: <\/em><\/strong>FTXs Latest Bankruptcy Report Details Poor Financial Management And Cybersecurity<\/a><\/p>\n\n\n\n
FTX's lawyers said the company could use the customer refunds to reinvigorate the exchange or raise capital to fund a plan to restart the exchange. The term \"reboot\" was used, although the exact meaning behind this was left to our imaginations.<\/p>\n\n\n\n
FTX is also working on a preliminary Chapter 11 plan, paving a path out of bankruptcy for FTX said Mr Dietderich.<\/p>\n\n\n\n
Meanwhile, Sam Bankman-Fried, the founder of FTX has been charged but has not been proven guilty. However, due to the stains created by Bankman-Fried, the confidence of FTX users and the cryptocurrency market is declining.<\/p>\n\n\n\n
See Related: <\/em><\/strong>FTX Co-Founder Pleads Guilty To Fraud Charges; Faces Up To 75 Years In Prison<\/a><\/p>\n","post_title":"FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-recovers-us7-3b-news-circulates-around-an-exchange-reboot","to_ping":"","pinged":"","post_modified":"2023-04-14 18:43:26","post_modified_gmt":"2023-04-14 08:43:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10932","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10295,"post_author":"16","post_date":"2023-03-09 12:14:53","post_date_gmt":"2023-03-09 01:14:53","post_content":"\n
WeChat has moved to support the development of China's CBDC, adding a payment method using the digital yuan, e-CNY.<\/p>\n\n\n\n
\n
WeChat is currently the largest social network in China and is expanding to more than 200 countries with 900 million individual users. With the strong development of WeChat today, this action of \"tycoon\" has brought the value of e-CNY to the world.
<\/li>\n\n\n\n
WeChat Pay wallet has over 3 billion users per quarter and allows users to use e-CNY to make payments, such as ordering fast food or topping up some mobile games connected with this platform.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple In Talks With Over 20 Central Banks For CBDC Development, Says Senior VP<\/a><\/p>\n\n\n\n
\n
The combination of WeChat and e-CNY makes adopting a CBDC<\/a> currency easier for consumers. On the other hand, it raises the awareness of the Chinese people about the potential and convenience of cryptocurrencies in the future.
<\/li>\n\n\n\n
In terms of investment, WeChat has made a significant impact on the Chinese market. It can be seen that this is a good opportunity to proceed with building a new trading system that focuses on cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>China Opens Blockchain Research Centre In Capital<\/a><\/p>\n","post_title":"Chinese Platform WeChat Accept Payments With The Digital Yuan CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chinese-platform-wechat-accept-payments-with-the-digital-yuan-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 17:21:15","post_modified_gmt":"2023-04-10 07:21:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10295","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10250,"post_author":"16","post_date":"2023-03-05 17:39:24","post_date_gmt":"2023-03-05 06:39:24","post_content":"\n
Chainlink has launched a new dedicated developer platform called 'Functions<\/a>'<\/em>. This platform will be the bridge between Web2 and Web3.<\/p>\n\n\n\n
'Functions' is the latest platform launched by Chainlink recently, with the feature of seamlessly connecting decentralized applications<\/a> (dApps) with the traditional web. The platform is in beta on the Ethereum Sepolia and Polygon Mumbai testnets.<\/p>\n\n\n\n
Chainlink's Functions will allow blockchain developers to connect their dApps or smart contracts<\/a> with any application programming interface within the traditional tech space without managing infrastructure. The platform has integrated with various cloud providers, including Amazon Web Services, Meta, and others.<\/p>\n\n\n\n
$\"Web3$
Chainlink Functions Use Cases Source: Chainlink<\/a><\/em><\/figcaption><\/figure>\n\n\n\n
According to Kemal El Moujahid, Chainlink's product manager, launching Functions will remove a significant hurdle in Web3 adoption. In the words of Moujahid, \u201cWith the launch of Functions, we are removing a major barrier to web3 adoption and helping developers combine smart contracts with the powerful APIs and web2 data sources they need to build Building great apps is easier than ever.\u201d<\/em><\/p>\n","post_title":"Chainlink's New Platform 'Functions' Will Bridge Web2 With Web3 Services Using An API","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlinks-new-platform-functions-will-bridge-web2-with-web3-services-using-an-api","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 17:29:38","post_modified_gmt":"2023-04-10 07:29:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10250","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10147,"post_author":"16","post_date":"2023-03-02 21:48:02","post_date_gmt":"2023-03-02 10:48:02","post_content":"\n
Didid Noordiatmoko, head of Indonesia's Commodity Futures Trading Authority (Bappebti<\/a>), said that the country aims to launch a state-backed cryptocurrency exchange by mid-year. According to Noordiatmoko, the most difficult part for Indonesian authorities in this process is the inability to define a certain standard for the exchange. However, the exchange will be run by a private company.<\/p>\n\n\n\n
Experts and investors believe that the launch of a state-backed electronic exchange will accelerate the development of cryptocurrency stock exchanges in Indonesia.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Indonesia Will Have Its Own Practical Crypto Exchange In 2023<\/a><\/p>\n\n\n\n
Setting the time is an important act of the Indonesian government in building its own exchange. In addition, the government of this country also established a system of regulations to avoid risks and protect customers in this country. The government had previously planned to launch the exchange by the end of 2022, which was delayed due to internal reasons and FTX's problems with the market.<\/p>\n\n\n\n
Along with the Indonesian exchange, there are plans to develop a cryptocurrency of its own. This currency is forecasted to be used in life, transportation, and economic categories, which will be launched after the development of the broker is completed.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631241581822095360\n<\/div><\/figure>\n","post_title":"Indonesia Set To Launch A State-Backed Crypto Exchange In Mid 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"indonesia-set-to-launch-a-state-backed-crypto-exchange-in-mid-2023","to_ping":"","pinged":"","post_modified":"2023-03-02 21:48:15","post_modified_gmt":"2023-03-02 10:48:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10085,"post_author":"16","post_date":"2023-02-28 00:17:15","post_date_gmt":"2023-02-27 13:17:15","post_content":"\n
On February 22, Hong Kong announced an investment of $6.3 million to develop the Web 3 ecosystem here.<\/p>\n\n\n\n
\n
Paul Chan, Hong Kong's Finance Minister, said the government will allocate HKD 50 million (about $6.37 million) to build the Web3 ecosystem. This was presented by him in the annual report at the Legislative Council of the Hong Kong Special Administrative Region. Chan commented that Web3 is in the startup stage with great potential. Therefore, Hong Kong needs to \"catch up with the times and seize the golden opportunity<\/em>\" to lead innovation development.
<\/li>\n\n\n\n
In the coming time, Hong Kong plans to set up and run a task force on virtual asset development with members from policy agencies, financial regulators, and market participants. The aim is to make recommendations to strengthen the industry's strong and sustainable development.
<\/li>\n\n\n\n
This is also a rare opportunity for Web 3 companies in Hong Kong, previously Hong Kong has announced that it will attract and support more than 1000 start-ups<\/a> in this field.
<\/li>\n\n\n\n
This is also the step that Chan has set for Hong Kong to become Asia's cryptocurrency center<\/a>. Now Hong Kong is like a \"black horse\" in the Asian market, and in the future, this city will become the second spear of China next to Beijing to help this country \"breakthrough\" the world market.<\/li>\n<\/ul>\n","post_title":"Hong Kong Invests Over $6.4M Into Web 3 Development","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-invests-over-6-4m-into-web-3-development","to_ping":"","pinged":"","post_modified":"2023-04-10 17:32:36","post_modified_gmt":"2023-04-10 07:32:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10085","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10013,"post_author":"16","post_date":"2023-02-22 13:10:58","post_date_gmt":"2023-02-22 02:10:58","post_content":"\n
FTX Japan announced<\/a> on its official website that customers of FTX Japan can start withdrawing money today, February 21, 2023, at 12:00 (JST).<\/p>\n\n\n\n
\n
Users can initiate withdrawals through the Liquid Japan platform. Liquid Japan<\/a> is a licensed Japanese crypto asset exchange acquired by FTX in 2022. Customers with assets in the account must confirm their balance and transfer it to their Liquid account. FTX Japan customers without a Liquid Japan account must open an account before receiving their assets.
<\/li>\n\n\n\n
According to documents published on December 26, 2022, FTX Japan manages customer deposits for all 14 cryptocurrencies it handles, including BTC and ETH. In addition, the company managed a legal currency balance of about 6.3 billion yen, exceeding customer deposits by about 300 million yen.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX\u2019s Former Executives Subpoenaed By Voyager Creditors To Explain Failed Bailout Attempts<\/a><\/p>\n\n\n\n
\n
FTX Japan adheres to strict rules set forth by the Financial Services Authority and is subject to Japanese laws regarding separate asset management. The agency has managed to minimize the impact of FTX Global's bankruptcy and take steps towards a smooth refund process for customers.<\/li>\n<\/ul>\n\n\n\n
\n
This is good news for investors using FTX in this Asian country, \"Amazing, in the gloom caused by FTX, this is the best decision I've ever seen, Japanese Government Banzai\"<\/em> - the delight of Mr. Dendei who invested 50K$ in FTX, told The Distributed.<\/li>\n<\/ul>\n","post_title":"FTX Japan Reopens Allowing Crypto And Fiat Withdrawals For Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-japan-reopens-allowing-crypto-and-fiat-withdrawals-for-investors","to_ping":"","pinged":"","post_modified":"2023-02-22 13:11:04","post_modified_gmt":"2023-02-22 02:11:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10013","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9964,"post_author":"16","post_date":"2023-02-19 22:37:19","post_date_gmt":"2023-02-19 11:37:19","post_content":"\n
If you are a fan of Final Fantasy, Tomb Raider, or Nier: Automata, the name Square Enix<\/a> is not unfamiliar to you. Recently, this popular Japanese game company has \"teased\" its first blockchain game.<\/p>\n\n\n\n
\n
Symbiogenesis is the new game name announced by this company, of course, the items exchanged in the game will be NFTized. Square Enix promises the game to bring an extremely unique experience to players with a lot of content for players to explore.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Play To Earn \u2013 Is The Future Of Gaming On The Blockchain?<\/a><\/p>\n\n\n\n
\n
The Japanese company's chosen platform is Polygon, with the advantages of fast transactions, low fees, safety, and good user experience. Polygon is a strategic step for Square Enix to join the ranks of major blockchain game companies worldwide.
<\/li>\n\n\n\n
This is a great opportunity for investors and gamers interested in Square Enix games. With its reputation, the \"giant from Japan\" quickly created a buzz in the market even though the game has not been released, this is a signal of the community's interest in this new project.
<\/li>\n\n\n\n
In recent years Japan has been promoting the blockchain industry<\/a>, rolling out plans to attract web 3, metaverse, etc. This is why Square Enix chose 2023 as the year to launch the project with maximum benefits received from support packages and at the same time, catch the wave of the era 2022 - 2025.<\/li>\n<\/ul>\n","post_title":"Community Awaiting The Arrival Of Square Enix's First Blockchain Game","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"community-awaiting-the-arrival-of-square-enixs-first-blockchain-game","to_ping":"","pinged":"","post_modified":"2023-02-19 22:37:23","post_modified_gmt":"2023-02-19 11:37:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9964","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9915,"post_author":"16","post_date":"2023-02-15 10:52:38","post_date_gmt":"2023-02-14 23:52:38","post_content":"\n
India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing the industry with the remaining 19 countries.<\/p>\n\n\n\n
\n
It is known that India will assume presidency<\/a> of the G20 summit until November 30, 2023, and is likely to hold more than 200 meetings. During this meeting, Indian Finance Minister Nirmala Sitharaman raised the great benefits of cryptocurrencies, promoting countries to develop together.
<\/li>\n\n\n\n
India is working on enacting a regulatory framework for cryptocurrencies in the country. However, the South Asian country has been criticised for its crypto-regulatory regime, with suggestions that the government is crippling the digital asset industry.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n\n\n\n
\n
It is worth noting that the discussion seeks to examine the role of cryptocurrencies in the banking sector. The plan was announced during the G20 intergovernmental meeting on finance and central bank delegates in India.<\/li>\n<\/ul>\n\n\n\n
\n
With Asian countries growing stronger day by day, such as Hong Kong<\/a>, Korea<\/a>, China<\/a> or Singapore, etc., this action of India is considered a turning point for this country if Nirmala Sitharaman's policy is effective. The result will make the crypto market, in particular, and the economy, in general, brighter.<\/li>\n<\/ul>\n","post_title":"India Discusses Cryptocurrency At G20 Conference","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-discusses-cryptocurrency-at-g20-conference","to_ping":"","pinged":"","post_modified":"2023-02-15 10:52:51","post_modified_gmt":"2023-02-14 23:52:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9915","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9860,"post_author":"16","post_date":"2023-02-12 19:29:00","post_date_gmt":"2023-02-12 08:29:00","post_content":"\n
The South China Morning Post reported<\/a> that China had approved the construction of a Blockchain research centre in Beijing, building towards its goal to be a hub for blockchain within Asia.<\/p>\n\n\n\n
\n
This center will create links with universities here to create a large research system, thereby ensuring optimal operation of this center. At the same time, this also opens up unlimited development possibilities for students and researchers working in this field in Beijing.<\/li>\n<\/ul>\n\n\n\n
\n
The stated mission of this centre is to break through and develop current blockchain technologies. The research results will continue to be developed and re-applied to this industry in the \"country of billions of people\". In addition to in-depth research into blockchain, China wants to find ways to integrate it into people's daily lives and develop the country's economy and individual livelihoods.
<\/li>\n\n\n\n
China has seven provinces developing this industry: Zhejiang, Chongqing, Beijing, Chongqing, Jinan, Guangzhou, Suzhou<\/a>, and Henan. Still, the favour of the Chinese government can be seen when deciding to build a research centre in the capital Beijing.
<\/li>\n\n\n\n
This action of China comes when the country still has a \"lockdown\" order on cryptocurrencies. Recently, Chinese economist Huang Yiping urged the government<\/a> to re-evaluate its cryptocurrency ban - citing long-term backlash.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1624167849429446656\n<\/div><\/figure>\n","post_title":"China Opens Blockchain Research Centre In Capital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-opens-blockchain-research-centre-in-capital","to_ping":"","pinged":"","post_modified":"2023-02-12 17:29:58","post_modified_gmt":"2023-02-12 06:29:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9860","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9815,"post_author":"16","post_date":"2023-02-07 22:16:18","post_date_gmt":"2023-02-07 11:16:18","post_content":"\n
Recently, a former member of the Monetary Policy Committee at the People's Bank of China (PBoC), Huang Yiping called for Beijing to change its ban on cryptocurrencies in the country.<\/p>\n\n\n\n
\n
The economist thinks that the permanent ban on cryptocurrencies is only beneficial in the short term. Still, according to a long-term plan, it greatly affects China seizing big opportunities in the future. At the same time, this action will make China's FinTech industry backward in the future.
<\/li>\n\n\n\n
Although China is focusing on bringing blockchain technology into everyday life, the country is still famous for its \u201cblockchain, not Bitcoin\u201d stance. At the same time, the Chinese government has shown some hostility towards cryptocurrencies, eventually banning virtually all crypto transactions by 2021.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n\n\n\n
\n
If Mr Huang Yiping's proposal is approved, this will be a good sign for investors in China. Despite the ban, China remains the world's second-largest Bitcoin mining country as of January 2022, showing that a large crypto community still exists.
<\/li>\n\n\n\n
Some Chinese investors think that the government's ban only prohibits the trading of cryptocurrencies, but does not actually ban ownership of this virtual asset, so mining and holding here is completely legal.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n","post_title":"Economist Huang Yiping Urges China To Re-Evaluate Its Cryptocurrency Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"economist-huang-yiping-urges-china-to-re-evaluate-its-cryptocurrency-ban","to_ping":"","pinged":"","post_modified":"2023-02-07 22:16:26","post_modified_gmt":"2023-02-07 11:16:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9815","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Business

FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot

April 14, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

Quân Lee

Business

FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot

FTX exchange has successfully recovered US$7.3B in assets and plans to restart the exchange, and revealed its reorganization plan in ...

by Quân Lee
April 14, 2023

Adoption

Chinese Platform WeChat Accept Payments With The Digital Yuan CBDC

WeChat has moved to support the development of China's CBDC, adding a payment method using the digital yuan, e-CNY. WeChat ...

by Quân Lee
March 9, 2023

Altcoins

Chainlink’s New Platform ‘Functions’ Will Bridge Web2 With Web3 Services Using An API

Chainlink has launched a new dedicated developer platform called 'Functions'. This platform will be the bridge between Web2 and Web3. ...

by Quân Lee
March 5, 2023

Adoption

Indonesia Set To Launch A State-Backed Crypto Exchange In Mid 2023

Didid Noordiatmoko, head of Indonesia's Commodity Futures Trading Authority (Bappebti), said that the country aims to launch a state-backed cryptocurrency ...

by Quân Lee
March 2, 2023

Adoption

Hong Kong Invests Over $6.4M Into Web 3 Development

On February 22, Hong Kong announced an investment of $6.3 million to develop the Web 3 ecosystem here. Paul Chan, ...

by Quân Lee
February 28, 2023

Business

FTX Japan Reopens Allowing Crypto And Fiat Withdrawals For Investors

FTX Japan announced on its official website that customers of FTX Japan can start withdrawing money today, February 21, 2023, ...

by Quân Lee
February 22, 2023

Blockchain

Community Awaiting The Arrival Of Square Enix’s First Blockchain Game

If you are a fan of Final Fantasy, Tomb Raider, or Nier: Automata, the name Square Enix is not unfamiliar ...

by Quân Lee
February 19, 2023

Adoption

India Discusses Cryptocurrency At G20 Conference

India has brought to light several issues relating to cryptocurrencies at the G20 summit, with the expectation of further developing ...

by Quân Lee
February 15, 2023

Adoption

China Opens Blockchain Research Centre In Capital

The South China Morning Post reported that China had approved the construction of a Blockchain research centre in Beijing, building ...

by Quân Lee
February 12, 2023

Regulation

Economist Huang Yiping Urges China To Re-Evaluate Its Cryptocurrency Ban

Recently, a former member of the Monetary Policy Committee at the People's Bank of China (PBoC), Huang Yiping called for ...

by Quân Lee
February 7, 2023

1 2 3 Next

Most Read

Business

FTX Recovers US$7.3B; News Circulates Around An Exchange Reboot

April 14, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

About The Distributed

Terms

Contact

Privacy

Editorial

Careers

RSS Feed

© 2023 The Distributed

No Result

View All Result

Cryptocurrencies

Adoption

Altcoins

Bitcoin

Blockchain

Business

Decentralized Finance

Ethereum

Hacks

Crypto Markets

NFTs

Regulation

Scams

Stablecoins

Finance

Banking

Central Banks

Financial Markets

Technology

Artificial Intelligence

Cyber Security

Metaverse

Web3

Learn

The Coins

The Future

The Innovations

The Technology

Tools

Cryptocurrency Market

Stock Market

Economic Calendar

Research

Reviews

Exchanges

Wallets

Headlines

About Us

Contact Us

© 2023 The Distributed

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.