The Central Bank of Thailand (BOT) announced that it has sold some $1.6 Billion value of government savings bonds within a week on a blockchain-powered platform. As per the press statement, the BOT stated that its platform allows for more secure and efficient bond issuance, with lower operating costs. The BOT also continued that a “next phase” will follow, with its platform set to “expand to support all government bonds, both retail and wholesale, to fully serve demand from all stakeholders.
A Russian pop musician has made a digital rights transfer for a pop song using a platform built on the government-backed IPChain blockchain network. As announced by VC.ru, the head of the copyright platform studio Soyuz enthusiastically accepted on terms and decided a licensing agreement with Russian music service Fonmix that will allow companies such as stores, restaurants, and gyms to use Oleg Kenzov’s smash-hit song “Po Kaifu” for marketing purposes. Artists using the platform receive payment “immediately” – and the whole process takes just 10 minutes, Soyuz claimed.
Major crypto exchange OKEx has announced that OKChain, the commercial unrestricted chain developed by OKEx, has been officially renamed as OKExChain. The trading-centric OKExChain aims to bring “the enablement of large-scale applications with high performance based on blockchain technology,” it said in an emailed press release.
The long-running tug-of-war between the founders of crypto mining hardware maker Bitmain continues to rumble on, with Jihan Wu gaining the upper hand over his former business partner Micree Zhan. Zhan matched to have wrestled control back from Wu earlier this year, but per an official Bitmain WeChat post, Wu has stolen a march on his rival, maturing the company’s CEO once again. The author added that “normal working order” has been resumed at the firm – although the post’s author was careful to note that “our deepest respect for Mr. Zhan remains unchanged.”
India plans to implement a new law banning trade in cryptocurrencies and the bill is expected to be discussed shortly by the federal cabinet before it is sent to parliament, Bloomberg reported, quoting unknown people having an idea with the development. The federal government will encourage blockchain but is not keen on cryptocurrency trading, the report added, without providing any other particulars about the potential ban.
Money transmitters and cryptocurrency companies will be capable to more simply extend across the United States after 48 state regulators allowed to a single set of supervisory rules that should decrease their agreement costs, Reuters reported. The brand-new regulatory regime will be unveiled by the Conference of State Bank Supervisors on Tuesday, as they stated.
BitPay, a US-headquartered major vendor of crypto payment services, announced a permanent work-from-home policy today. An internal survey showed that 85% of employees preferred to work from home and felt they were more productive, the company that employs 80 people across three offices including Atlanta, Amsterdam, and Buenos Aires, said.