This article is contributed by our content partner, Nexchange Group. The hermit state is reportedly in the early stages of creating its own cryptocurrency, Vice News reports. The still-unnamed cryptocurrency will be “more like bitcoin,” said Alejandro Cao de Benos, the official in charge of Pyongyang’s cryptocurrency conferences. “We are still in the very early stages in … Continue reading North Korea Is Making Its Own Version of Bitcoin
North Korea has always been suspected for either indirectly or directly funding weapons or involve in some powerful projects of mass destruction using virtual currencies. The nation was recently accused of stealing cryptocurrencies worth $2 billion to facilitate the development of deadly weapons. Japanese and South Korean exchanges were mainly targeted for the theft, and … Continue reading North Korea Is Developing Own Crypto to Circumvent US Sanctions
The Belt and Road Initiative (BRI) is a transcontinental long-term policy and investment program which aims at infrastructure development and acceleration of the economic integration of countries along the route of the historic Silk Road. BRI was unveiled in 2013 by China’s President Xi Jinping and, according to the Belt and Road Portal, the massive project will … Continue reading Belt and Road Initiative – Hong Kong the Gateway for RMB Internationalization
Belt and Road in Hong Kong: the Emergence of Digital Gold in IoT Since President Xi Jinping’s original proposal of the Belt and Road Initiative in 2013, a major limitation that the initiative has faced is the underwhelming volume of growth of Chinese goods being traded among the Belt and Road countries and corridors. The … Continue reading Belt and Road in Hong Kong: the Emergence of Digital Gold in IoT
In the previous episode of “Blockchain in Human History” series, we have used 3 influence observation factor (IoF): money form, money issuance and money flow to examine the significance of blockchain in achieving monetary and financial freedom. In this article we take a deep dive in money issuance standard to witness the evolution of money. … Continue reading A New World of Money – Blockchain in Human History Series
Rounding off our exclusive interviews for the 2019 Belt and Road Summit, jointly organized by the Hong Kong Trade and Distribution Council (HKTDC) and the HKSAR Government, we share three brief insights from Reza Esmkhani, Consul of Economic & Political Affairs, Iran Consulate General; Miss Noor Ezzwanee binti Ahmad, Trade Commissioner of Consulate General of … Continue reading Belt and Road Summit 2019—Iranian Investment, Malaysian FinTech and the Kazakh Belt Buckle
One of China’s four largest banks, China Construction Bank (CCB) has officially released the second version of its blockchain platform for trade finance, reaching 360 billion yuan ($50 billion) in cumulative transaction volume. CCB announced the release of “BCTrade 2.0,” focusing on digitizing trade and financial services between 54 domestic and overseas CCB branches and 40 external … Continue reading China Construction Bank Announces Updates of Blockchain Platform After $50B Transacted
One of the most vital parts of land and property selling and buying process is conveyancing – the legal act of transferring land and property ownership from the seller to the buyer. However, it can be a cumbersome, frustrating, and slow process that has resulted in calls for ways of speeding it up in recent years. A solution that … Continue reading Australian Government Explores the Viability of Blockchain For Land and Property Conveyancing Transactions
US-based cryptocurrency exchange, Coinbase, has just been granted an e-money license in Ireland by the Central Bank of Ireland as it continues its expansion into Europe. This marks Coinbase as one of the few companies who have been able to obtain such a license and thus serve as Coinbase’s second landmark achievements in its European … Continue reading Coinbase Secures an E-Money License From the Central Bank of Ireland
This article is contributed by our content partner, Nexchange NOW. The South Korean government wants all trade to be on the blockchain, Coindesk reports. South Korean Finance Minister Hong Nam-ki introduced the Development Plan for Digital Trade on Monday, and per the plan, the government will be using technologies such as blockchain, AI, and 5G … Continue reading South Korea Is Looking to Put Trade Finance on the Blockchain