It's time for farmers to grow crypto in their gardens

It's time for farmers to grow crypto in their gardens

Fujitsu launches a tokenized rewards system, Japan rejects crypto exchange, Vietnam bans mining, Binance announced AMA, Russian farmers switch to crypto, China will digitize paper checks, ORCA allows instant cash outs, Technological partnership, the US and EU exchanges fail, South Africa implements PoC

  • Fujitsu has launched a blockchain-based data storage system that can be used by retail merchants to tokenize coupons and reward points.
  • Japan is set to reject crypto exchange application, called FSHO, for the first time as it lacks the necessary systems to operate its business. It has been suspended twice from carrying out any crypto activities and received two business improvement orders.
  • Vietnam’s Ministry of Finance has proposed a ban on the importation of cryptocurrency mining rigs as they can be used for launching unregulated digital payment methods.
  • Binance Labs has announced its first ‘Ask me Anything’ on Reddit tonight, which is followed by the increase of BNB price. AMA strategy allows people to ask all kinds of questions to the thread initiator, that is the Binance Labs team.
  • Russian farmers from the village Kolionovo headed by Mikhail Shlyapnikov, a banker turned farmer, are switching to cryptocurrency, the Kolion, to pay for the local trade.
  • The People’s Bank of China (PBoC) has revealed a blockchain-powered system to digitize paper checks in order to prevent financial fraud and cut printing expenses.
  • ORCA, an EU-based fintech, provides a solution allowing instant cash outs from crypto exchanges directly to a payment account in less than 1 minute.
  • Ontology (ONT) and Points (PTS) have signed a technological partnership between the two platforms in order to create the world’s first blockchain credit system.
  • More than 2/3 of the leading cryptocurrency exchanges and wallet providers from the US and Europe fail to conduct proper identity verification checks as they do not meet the requirements mandated by the upcoming EU anti-money laundering directive.
  • South Africa’s Central Bank indicates a successful implementation of a Proof-of-Concept for an interbank payment system that tokenizes fiat using Quorum.
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