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China uses blockchain for cross-border finance in its Greater Bay Area

Guangfa Bank, one of the biggest commercial banks in mainland China, has recently launched the first cross-border blockchain-based financial settlement system, allowing for seamless payment settlements between mainland China, Hong Kong and Macau — what China dubs the “Greater Bay Area.”  The platform provides a number of different information verification services,

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Thailand’s Finance Ministry Announces Blockchain Enabled Sale of Cheap Bonds

The Public Debt Management Office (PDMO) within Thailand’s Ministry of Finance has announced it plans to sell 200 million baht ($6.42 million) in savings bonds using a blockchain-based e-wallet.   In a statement released on its website Tuesday, the ministry said the bonds carry an extremely low face value of 1 baht

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First Turkish-German Trade Finance Transaction on Distributed Ledger Technology

[sociallocker id="55298"] A major Turkish bank completed the country’s first-ever international trade finance transaction based on distributed ledger technology, or DLT. This adds another milestone to the country’s increasing blockchain efforts.İşbank, the first Turkish bank to join R3’s Corda platform earlier this year, now became the first bank in Turkey

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Japanese Finance Minister Shoots Down Plan to Cut Bitcoin Tax to 20%, Cites Crypto-Divide

[sociallocker id="55298"] Japan’s finance minister Taro Aso says he is opposed to reducing tax on bitcoin income to 20%, on par with stock dividends, arguing that most Japanese households find it difficult to invest in digital assets.The development suggests that Japan will uphold its current definition of cryptocurrency as

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Decentralized Finance Startup Focused on Bitcoin Cash Raises $1 Million for Expansion

On May 7, the decentralized finance (defi) startup General Protocols revealed the team has raised over $1 million from investors. The creators of General Protocols have introduced innovative projects on the Bitcoin Cash network such as Anyhedge, and have also participated in helping forward the Bitcoin Cash Node (BCHN)

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