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Binance launches the dedicated blockchain platform: Binance, the world's largest encrypted exchange by volume of trade, He says is preparing to launch a separate blockchain platform, particularly for new crypto-currencies and tokens. Speaking at a blockchain event in Singapore this week, for "130 of the richest and most influential people in Asia" – namely the collection of encrypted Crazy Rich Asians – Binance's enigmatic CEO Changpeng Zhao, or simply "CZ" as he prefers , said his company's plans to create Binance Chain to enable the creation of new currencies and at the same time encourage the generalized adoption of crypts as a traditional payment instrument.
Chinese web giants launching "faster" Bitcoin: A project to launch a token protocol & # 39; Bitcoin & # 39; faster called Conflux has thus raised $ 35 million. A collection of Chinese web giants, led by Sequoia China, is funding the project that claims to establish a new blockchain protocol to solve the Bitcoin speed enigma. The project analysts say that the Bitcoin protocol can add only one block at a time to its "block chain" while the Conflux system will allow the parties to work simultaneously on blocks. Andrew Yao, a Turing recipient known as the Chinese "godfather", is one of many well-known Chinese scholars associated with the project.
The Singapore government expands the blockchain ecosystem: The Lion City continues its march towards the regional blockchain leader as Enterprise Singapore, created to develop the city's blockchain start-up ecosystem, launches its Tribe Accelerator. The blockchain acceleration program is being carried out in collaboration with TRIVE Ventures, a Singapore venture capital firm, the ICON Foundation of South Korea and the Venture Hub of PwC Singapore. Singapore has also recently announced its intention to launch a tokenised securities settlement system, to simplify post-trade processes and further reduce settlement cycles.
The Tokyo tax man wants your bitcoin profits: The Japanese government aims to track down those who are evading income tax on cryptocurrency transactions. Currently, the National Tax Agency (NTA) of Japan can only ask virtual currency traders to send information about their clients voluntarily and, according to a recent NTA survey, only 300 people declared in 2017 to have earned at least 100 million yen ( $ 885,000) from the encrypted. Now the NTA may request details of the transaction from the cryptocurrency exchanges to any customer that the agency suspects of tax evasion. To further improve its blockchain ecosystem, the Japanese government recently announced strict regulatory protections for investors in all future ICOs.
Washington says more cryptic regulations in the pipeline: According to Warren Davidson, United States representative for Ohio, the US federal government will soon regulate all the cryptocurrencies of the United States and the first offers of coins. A bill that seeks to make an "asset class" for cryptocurrencies and digital assets – which can therefore be easily taxed – will be ratified "soon", Davidson told a Cleveland blockchain conference. At present, several states and agencies classify cryptocurrencies in separate ways, making it difficult to create a unified system.
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