UTC-05:00,Wednesday , November 13th 2019

Weekly News Roundup, Nov 4–Nov 10: The Draft Text Of The European Union Urges The Bloc To Develop A Common Approach Cryptocurrency

18:00 Sunday , November 10th 2019
1.The Financial Services Agency of Japan plans to establish a restriction rule in 2019 to prohibit portfolios and sales of trust investments targeting virtual currency;
2.Turkey's President Recep Tayyip Erdogan directed that the government should finish testing the national central bank digital currency (CBDC) in 2020;
3.The draft text of the European Union, on Nov 5, urged the bloc to develop a common approach cryptocurrency;
4.Ashley Ian Alder, CEO of the SFC of Hong Kong, stated that Bitcoin is not a security, and the SFC released a new regulatory guidance on the digital asset trading platforms;
5.The Bank of Russia affirmed that it does not support ‘private money’ of any kind—specifically talking about cryptocurrencies.
1.Justin Sun released a post on Weibo (Chinese Twitter) on Nov. 5 and claimed TRON network officially passed the No. 27 proposal, and the new incentive mechanism will take effect;
2.BCH will embrace its hard fork upgrade on Nov 15;
3.The core development team for Æternity announced its LIMA hardfork on Nov 5, releasing the latest software to miners and in fact, handing over governance to the community;
4.Justin Sun tweeted on Nov. 6 to announce that TRON will release a new DeFi product at the end of 2019;
5.Ethereum developing team needs another two weeks for ETH 2.0 testnet
6.Founders of High Performance Blockchain are abandoning the project.
[Exchange & Wallet]
1.Cryptocurrency exchange Binance could soon add support for Ukrainian hryvnia (UAH) and Kazakhstani tenge (KZT) for its direct fiat-to-crypto trading facility;
1.Alipay, Alibaba’s mobile payment App, has launched a blockchain-based tool - Quezao, aiming to provide one-stop self services including the creation, collection and verification of digital proofs for its clients.
2.EU Is working on ECB digital currency with possible progress next year (2020).
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