Search Results for: Hainan

China Plans to Incorporate Blockchain in Attempt for Hainan to Overtake Hong Kong on International Trade

The Chinese government is planning to make the province of Hainan into a free trade port, focusing on facilitating free trade, investment, and cross-border capital flows.    The plan encourages government institutions to use blockchain and other emerging technologies to improve government functions.   Chinese President Xi Jinping has previously announced the decision to develop … Continue reading China Plans to Incorporate Blockchain in Attempt for Hainan to Overtake Hong Kong on International Trade

China's Hainan Province Cautions Citizens Against Illegal Crypto Trading

China’s Hainan Province has issued a new warning to its residents as the broader effort of the Asian country to clamp down on digital currency activities. According to a Reuters report, citing local media sources, Hainan officials warn people particularly against illegal fundraising schemes involving cryptocurrency and blockchain such as Initial Coin Offerings. The officials, including those … Continue reading China's Hainan Province Cautions Citizens Against Illegal Crypto Trading

Huobi Joins State-Backed Blockchain Alliance in China to Provide Blockchain Infrastructure Services

In the first-ever Blockchain Service Network Partner Conference hosted by the National Information Center and Hangzhou Municipal People’s Government in China, it was announced that cryptocurrency exchange Huobi had joined the Blockchain Services Network (BSN), an alliance initiated by the State Information Center (SIC).  The alliance also welcomed China UnionPay, China Merchants Bank International, WeBank, and Chinese telecom giants, … Continue reading Huobi Joins State-Backed Blockchain Alliance in China to Provide Blockchain Infrastructure Services

iComply on FATF Travel Rule: Cryptocurrency is Meant to be Trustless, Not Anonymous

In June of 2019, one of the most authoritative regulatory organizations worldwide, the Financial Action Task Force (FATF), issued new guidelines on how digital assets should be regulated. A point that caused great concern and confusion for exchanges was the “travel rule,”: which refers to section 7(b) in the Interpretative Note to Recommendation 15 in the FATF … Continue reading iComply on FATF Travel Rule: Cryptocurrency is Meant to be Trustless, Not Anonymous

Positives Out of the Wuhan Coronavirus: Blockchain Educators in the City

For many outside of China, the city of Wuhan is now identified as being ground zero for the recent outbreak of the coronavirus, but some amazing innovation has come out of China’s seventh biggest city in recent years.  Already established as a major motor manufacturing hub, the region is also making waves in the blockchain … Continue reading Positives Out of the Wuhan Coronavirus: Blockchain Educators in the City

Will Hong Kong's Status as an International Digital Financial Hub be Affected by the National Security Law?

2020 has been quite a year for Hong Kong, marked by months of political unrest, the emergence of the coronavirus pandemic, and a sweeping new national security law that China imposed on the city. The national security law, unanimously passed by China’s ruling Communist Party, sets up against secession, subversion, terrorism, and collusion with foreign … Continue reading Will Hong Kong's Status as an International Digital Financial Hub be Affected by the National Security Law?

Chinese Province Eyes Blockchain-Powered Points Reward System to Boost Tourism

Hainan, a southern island province of China, is keeping a watchful eye on a blockchain-enabled points reward program aimed at promoting tourism in the region. The system is to be devised to allow consumption points founded on blockchain technology to be exchanged between different businesses in the cultural and entertainment fields. Realization of the “One-chain … Continue reading Chinese Province Eyes Blockchain-Powered Points Reward System to Boost Tourism

Blockchain Allowed 17 Million People to Travel Between Macau and China During Coronavirus

Despite the coronavirus (COVID-19) pandemic bringing the travel industry to a standstill, a blockchain-powered QR health code system has enabled at least 17 million people to travel between China and Macau, an autonomous region off the south coast of China, since May. Mutual healthcare network China’s southern Guangdong province and Macau have been using a mutual QR … Continue reading Blockchain Allowed 17 Million People to Travel Between Macau and China During Coronavirus

Chinese City Eyes Blockchain Applications for Urban Governance and Smart Education

Chengdu, the capital city of China’s Sichuan province, seeks to form a blockchain application to revolutionize cross-border trade, urban governance, smart manufacturing, government services, smart education, financial services, smart healthcare, and smart agriculture by 2022. Creating 30 typical blockchain application scenarios This information was disclosed during the city’s international blockchain industry expo dubbed the 2020 … Continue reading Chinese City Eyes Blockchain Applications for Urban Governance and Smart Education

Thailand to Revive the Tourism Sector by Attracting Wealthy Crypto Holders

The Tourism Authority of Thailand (TAT) is going an extra mile by targeting crypto holders, especially those from Japan. The tourism board is seeking to revamp the nation’s tourism sector in the post-pandemic era. The TAT intends to make Thailand the first nation to market that it welcomes tourists who are crypto holders. Japan is … Continue reading Thailand to Revive the Tourism Sector by Attracting Wealthy Crypto Holders

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