Indonesia Watchdog Blocks Cryptocurrency Lending Platform

Indonesia’s Financial Services Authority, known as OJK, has identified and blocked almost 300 illegal peer-to-peer lending platforms, which includes one cryptocurrency firm. According to Nikkei, OJK’s investment alert unit joined hands with the IT ministry and local police to launch a crackdown against unlicensed FinTech platforms. The investigations found that most of the unregistered lending platforms had servers located in Indonesia, but a few of them were operating from outside the international borders. Nevertheless, OJK did not reveal the names of sacked entities, particularly the one that was facilitating cryptocurrency…

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ChainUP and BiKi.com Host Opening Event of Singapore Blockchain Week

7th November, 2019, Singapore, Singapore – Whitelabel exchange platform ChainUP and digital assets trading firm BiKi.com kick off Singapore Blockchain Week with the opening event on November 11th. The rest of the week will see premium industry events Blockshow Asia, Singapore Fintech Festival and CoinMarketCap: The Capital, taking place alongside a buffet of fringe events. […] The post ChainUP and BiKi.com Host Opening Event of Singapore Blockchain Week appeared first on CCN.com

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Micree Zhan Claims He Was Removed From Bitmain Without Consent

Micree Ketuan Zhan, the co-founder of major Chinese Bitcoin (BTC) mining hardware producer Bitmain, claimed that he was removed as a legal representative of the company without his consent. On Nov. 7, Samson Mow, the CEO of Blockstream, posted a statement from Zhan on Twitter, in which the Bitmain co-founder claimed he would take legal measures to return to the company.  Bitmain co-founder Jihan Wu announced in an email last week that Zhan had left the company, stating: “Bitmain’s co-founder, chairman, legal representative and executive director Jihan Wu has decided…

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