bitt-develops-africa’s-first-cbdc

Bitt Develops Africa’s First CBDC

 

eNaira, the Bitt-developed central bank digital currency (CBDC), has officially rolled out in Nigeria. Citizens and residents of Nigeria are now the first on the continent of Africa to use a legal tender digital currency for their daily financial transactions.

Bitt is very excited to be entering the African CBDC market as the Central Bank of Nigeria’s Technology Partner. Bitt’s market-proven Digital Currency Management System (DCMS) is currently licensed by national financial institutions in six countries across Central America and the CaribbeanNigeria is a sophisticated economy which operates on a modern infrastructure. Bitt’s DCMS fulfilled CBN’s criteria for technological competence, efficiency, platform security, interoperability, and implementation experience.

CEO of Bitt, Brian Popelka, “We are elated to have developed, tested and deployed the eNaira monetary infrastructure in record time. Today’s launch is an exceptional achievement for both the CBN and Bitt teams. We look forward to continued partnership on this CBDC deployment journey and to provide additional features to expand eNaira’s value to all Nigerians.”

Bitt is driven by the empowerment of people through providing accessible, low-cost, and real-time payments; and supporting the digitization of economies. Bitt’s DCMS could lower infrastructure cost and improve the access and user experience of receiving and sending money, thereby promoting financial inclusion throughout Nigeria. Furthermore, the eNaira has been designed to promote local innovation, leveraging Nigeria’s world-class FinTech talent.

Bitt’s DCMS is a production-ready digital currency infrastructure that enables central banks and financial institutions to efficiently deploy their own digital currency. Bitt’s DCMS plugs into the underlying transaction network of choice, such as Hyperledger Fabric (used in the implementations of DCash in the Eastern Caribbean Currency Union and the eNaira in Nigeria), and Stellar (to be presented at the 2021 Singapore Fintech Festival).

kikitrade-&-animoca-brands-deepen-strategic-partnership-to-bridge-cefi-and-gamefi-universe

Kikitrade & Animoca Brands deepen Strategic Partnership to Bridge CeFi and GameFi Universe

 

Social investment platform Kikitrade today announced that Animoca Brands has increased its shareholding in Kikitrade to become the second-largest shareholder following Kikitrade’s plan to widen its participation in the decentralized blockchain gaming (GameFi) and non-fungible token (NFT) market.

The recent upsurge in GameFi, also known as play-to-earn (P2E) games, has dominated the blockchain market over the past several quarters. Blockchain games like Axie Infinity, NBA Top Shot and The Sandbox have quickly become killer applications of blockchain technology with powerful adoption. Kikitrade’s superior in-app community provides a comprehensive platform for GameFi players, investors and traders to connect, while also serving as a bridge between GameFi and the centralized finance (CeFi) world.

“We are excited to deepen our partnership with Kikitrade, and we see this collaboration as a significant step toward the open metaverse,” commented Yat Siu, the Executive Chairman and Co-founder of Animoca Brands. “Together with Kikitrade, we aim to further develop GameFi player education and build an accessible GameFi ecosystem for beginners.”

Through this cooperation, both Kikitrade and Animoca Brands will promote newly launched and upcoming GameFi projects by providing comprehensive financial infrastructure to a mass audience and incubating. Kikitrade will establish GameFi Studio in the near future to accelerate the development of GameFi and NFT market.

Sean Tao, Co-founder and CEO of Kikitrade, said, “The Kikitrade and Animoca Brands partnership is a turning point for enabling mass adoption of GameFi. With its social capabilities, Kikitrade will create an educational platform that connects GameFi players and CeFi users – on one hand streamlining GameFi players’ ability to monetize their gaming experience, while on the other hand introducing CeFi users to the GameFi ecosystem.”

jay-z’s-venture-capital-firm,-marcy-venture-partners-(mvp)-invests-in-24-year-old-founder-iddris-sandu-on-an-innovative-tech-incubator-shaping-the-metaverse

JAY-Z’s Venture Capital Firm, Marcy Venture Partners (MVP) invests in 24 Year-old Founder Iddris Sandu on an innovative tech incubator shaping the metaverse

 

Marcy Venture Partners (MVP) invests in 24 year-old technologist Iddris Sandu’s impact-driven tech incubator: spatial LABS (sLABS). The multi-tiered partnership between MVP and sLABS will explore the unlimited possibilities at the intersection of tech, culture and humanity.

sLABS first endeavor is the launch of LNQ; an innovative, state of the art blockchain-enabled hardware platform. LNQ aims to make the metaverse more accessible and provide creators with decentralized tools to engage with their communities through LNQ’s proprietary, real-time processing stack.

The relationship between JAY-Z  and Sandu has been one in development, with sLABS previously collaborating on Augmented Reality partnerships with Beyoncé’s Ivy ParkNipsey Hussle’s The Marathon Clothing Store, Rihanna’s Fenty line and Kanye West’s Yeezy, each of whom have collaborated with JAY-Z throughout their multi-hyphenate careers.

“Iddris has a conscious world view and a youth centric vision that is innovative and refreshing to witness. We share similar parallels in how we imagine impacting people in our lifetime. Partnering with him on this journey and others is very exciting.” – JAY-Z

This investment comes during a time of strong growth within the blockchain and cryptocurrency space.

“JAY-Z has always been at the forefront of cultural evolution and identifying the next leaders. Aligning with Marcy Venture Partners assists with our vision for elevating the youth as it relates to access and a means to true technological empowerment. The lasting impact of this relationship is not simply defined by the work we’re doing now, but by the immeasurable impact for generations of creators to come.”
– Iddris Sandu

Ghana-native, Sandu was raised in Southern California and was always poised to be an agent of change and innovation. Since the age of 13, Sandu has been collaborating with leading global companies, such as  Apple, Google, Facebook, Adidas, Nike and many others.

In addition to being a technologist, Sandu’s entrepreneurial skills are equally astute in his ability to connect with multi-generational moguls and bring them together.

In 2019, Sandu was the recipient of the Thiel Fellowship; a two year program founded by Silicon Valley veteran Peter Thiel, one of the  earliest investors in Facebook, PayPal, and SpaceX .  Sandu shortly after founded halt LABS (an early sister entity to sLABS), a city infrastructure and transportation corporation that has garnered the attention and funding of impact-driven investors like NFL Professional Bobby Wagner,  Ron Burkel of Yucaipa Companies, NBA veteran Anthony Tolliver, Marcy Venture Partners, and Scooter Braun of Raised in Space – a VC fund backed by Ripple (XRP).

blockedge-technologies-inc.-launches-its-‘plug-&-play’-blockchain-as-a-service-(baas)-platform-for-automotive-and-supply-chain-markets

Blockedge Technologies Inc. launches its ‘Plug & Play’ Blockchain-as-a-Service (BaaS) Platform for Automotive and Supply Chain Markets

 

Blockedge Technologies Inc., a subsidiary of SecureKloud Technologies Ltd. announced the launch of its Blockchain Network Management Platform.

IDC is expecting enterprise blockchain spending to reach $6.6B this year, but the adoption has its own share of challenges. Identifying and agreeing on the correct use case, ability to build and deploy scalable networks, integration with existing IT systems, and high-availability network maintenance are some of the blockchain adoption challenges faced by the industry leaders.

Blockedge provides a simplified plug-and-play BaaS platform that stands in contrast with built-from-scratch manual solutions. The Blockedge platform entails zero-coding, facilitates the generation of iterative dApps, provides multi-cloud and multi-chain support. Powered by its UI-driven Blockedge Network Manager, the platform enables advanced automation and is set to accelerate business transformation for companies and consortiums alike.

Speaking at the launch, Mr. Kumara Guru, Chief Growth Officer at Blockedge, said, “Blockchain technology, with its inherent security, trust, and transparency capabilities, enables companies to collaborate and solve shared challenges. But successful adoption depends on careful implementation. And Blockedge is well-positioned at the vanguard – assisting companies to adopt trust and accountability by design. The technology will evolve tremendously in the next couple of years, and Blockedge is fully geared to play a critical role in addressing the challenges that enterprises face.”

According to MarketsandMarkets analysis, the global automotive blockchain market is projected to grow from $350M in 2020 to $5.29B by 2030 at a CAGR of 31.19%, and the global manufacturing & supply chain market is expected to grow from $253M in 2020 to $3.2B in 2026 at an impressive CAGR of 53.2%.

Raghav Rao, Head of Presales at Blockedge, added, “We are known for simplifying and delivering cloud adoption, and blockchain is a natural progression for us. Our platform — Blockedge — is purpose-built to ensure seamless blockchain adoption with zero-coding efforts. With our vast cloud expertise, we are the one-stop-shop to explore and deploy multi-cloud and multi-chain networks, and excited to launch the platform for our customers, to abridge the trust gap over business transactions.”

toronto-award-winning-entrepreneur-launches-1st-nft-esport-game-in-canada

Toronto Award Winning Entrepreneur Launches 1st NFT eSport Game in Canada

 

Reigning from the Schulich School of BusinessYork University, young CEO Jimmy Chan is known for founding  Odyssey 3D (O3D) – a real estate virtual reality and 3D modelling company ranked top 1% globally and first of its class in Toronto, Canada.  He is about to launch his next venture: a combination of Blockchain NFT, Horse Racing, and Real Estate, creating a universe called Oly Sport Metaverse.

After winning the first prize at the Schulich Start Up Night pitch competition in 2016, O3D immediately attracted a large following of clients across the Greater Toronto Area, gained client trust, and quickly became a leading company in virtual real estate marketing in Ontario. However, Jimmy Chan’s ultimate goal is to benefit humanity at a global scale and place Canada as the centre hub of innovation.

Earlier this year, Jimmy Chan – former CEO of O3D officially handed over the company management rights to his two close friends and co-founders. In the article “Farewell from CEO of Odyssey 3D”, Jimmy shared that he will continue to support O3D but this young entrepreneur already has new plans and is ready to start his new journey.

The Covid – 19 pandemic also affected many people around the world. Being an innovative person, Jimmy soon realized this, and he took steps to achieve his dream, connecting people and creating opportunities for everyone to earn money.

He believes that after the Covid-19 pandemic, “The world we used to live in will no longer exist. We are stepping very quickly into a new world where blockchain technology will change the way people live, work and entertain”. Jimmy sees a huge opportunity to remove barriers and create an easier way for us to own real estate and entertain ourselves with games like hockey, soccer, horse racing no matter where we are in the world.

Jimmy’s vision is to unite financial markets; democratize, decentralize, and globalize real estate ownership; and allow investors to make a living earning blockchain backed tokens. The blockchain platform is chosen to help him realize his vision through a project called Oly Sport Metaverse.

Unlike Play To Earn games, Jimmy’s game is Race to Earn. People who want to have fun can enter the game without any fees; investors who want to make money playing can own precious thoroughbred horses at only 1/200 the actual price in real life. Through the NFT platform, every horse, item and accessory is unique. Every task like breeding, racing, taking care of horses is part of the tokenomics that creates jobs and allows players to earn. Unlike trending games or gambling, Jimmy’s Oly Sport focuses on organizing tournaments which will soon be the standard for eSport horse racing. As gambling is not legally and culturally accepted in a lot of countries, with this strategy, Oly Sport can reach all countries without legal barriers, similar to organizing a global football, hockey, tennis tournament.

Jimmy also added that his racecourses will be built on farms, or actual racecourses, which will be digitized applying blockchain technology. In the near future, players who own a part of the racecourse in the game will actually own part of the land in real life. That means the player who is a shareholder of an in-game racecourse, also is a shareholder of a real-life farm or racecourse. He is confident that you cannot find this type of Metaverse in any game other than Oly Sport at the moment.

Through this project, Oly Sport wants to contribute to Toronto’s blockchain ecosystem and inspire young entrepreneurs to follow their dreams.

Jimmy shared that Oly Sport will officially go IDO on November 2 on BSCStation. For this event, the fixed price of $OLY is $0.06 per token exclusively for BSCStation token holders. The total allocation amount of $OLY tokens will be announced later.

SOURCE Olysport

mdt-launches-financial-data-oracle-mefi,-bridging-capital-market-and-defi

MDT Launches Financial Data Oracle MeFi, Bridging Capital Market and DeFi

 

Measurable Data Token (MDT) announces the launch of Measurable Finance (MeFi), a blockchain oracle for capital market financial data.

MeFi is made for the decentralized finance (DeFi) industry. It contributes off-chain external financial data feeds to public blockchains, empowering the DeFi ecosystem with reliable on-chain data. It’s now open-sourced on Github and available to all Dapp developers who need data from the capital markets to execute hybrid smart contracts on the blockchain.

The first version of MeFi integrates with major capital markets including Nasdaq, NYSE and HKEX. The team also plans to provide other core financial data including company earnings, financial derivatives and ETFs for the smart contracts in future updates. DeFi developers will be able to access more varieties of financial data from MeFi with the MDT tokens on-chain.

MDT is a decentralized data economy where users, data providers and data buyers can exchange data securely and anonymously on blockchain. On the consumer side, MDT’s very own consumer app RewardMe rewards users for contributing anonymous data points. On the business side, its alternative data arm Measurable AI turns anonymous transactional data into valuable consumer insights for financial institutions, corporates, and academia. With the surge of interest in decentralized finance, the MDT team has pioneered the MeFi oracle as a means to bridge the gap between capital market financial data and the decentralized world.

“Data is like the superpower in the capital markets. If DeFi is to go mainstream, DeFi innovations and Dapps have to connect with the external context,” says Heatherm Huang, co-founder of Measurable Data Token. MeFi serves as the ‘Bloomberg on blockchain’ – its secure connections between blockchain smart contracts and capital markets help developers access reliable external financial data on-chain.”

With MeFi Oracle’s launch, the MDT team also built a Dapp as its first use case. The MeFi Dapp currently available on both Ethereum and Testnet allows users to access any live stock price information on blockchain from the real world capital markets through the MeFi Oracle.

Blockchain oracles are essential as an infrastructure tool for the decentralised finance industry. As a veteran in both financial data and blockchain, MDT endeavours to be a pioneer in bridging the capital markets and the blockchain world with MeFi, therefore propelling developers to build more powerful decentralized innovations.

btlux-exchange-2.0-upgrade-officially-launched-by-one-of-the-world’s-leading-exchange-system

BtLux Exchange 2.0 upgrade officially launched by one of the world’s leading exchange system

 

On July 6, 2021, after working hard day and night, a team of top blockchain technology and research experts in the financial field around the world, officially launched the upgraded version of BtLux Exchange 2.0 to provide users with a better experience and help enterprises quickly get on the “chain”. The 2.0 upgrade version has been comprehensively strengthened and upgraded its brand, products, and risk control, which indicates that BtLux is fully armed to welcome the establishment of the global regulatory system with a solid posture. Safety is longitude, compliance is latitude.

As one of the world’s leading exchange system, BtLux2.0 is based on a powerful distributed architecture design and adopts a high-performance memory matching mode to comprehensively enhance system access performance and stability. In terms of digital asset security, the wallets separate cold and hot storage, multi-layer encryption, offline cold storage, and bank-level guarantees for fund security. At the same time, the top-level security system with face intelligent recognition technology is enabled to deeply integrate KYC, identity authentication, and coin withdrawal services to improve security; top-level risk control and 7*24 hours real-time monitoring, to maximize the safety of user assets.

Anticipate the situation, the new version 2.0 upgrade

The finance is close related to economic development and national security. With the rapid development of the crypto industry in recent years, exchanges have become a mirror of compliance and security. You can smell a trace of the “wind direction” of policies and market conditions according to the attitudes of regulators to the exchanges. For example, the United States, the global financial center, has been managing licenses for crypto assets very early. In 2017, Washington passed Act 5031, which stipulates the licenses that cryptocurrency exchanges need to apply for. Contrary to the United StatesChina strictly prohibits exchanges that cryptocurrency-related business activities in China are all illegal, by recent announcement.

BtLux, which has gained insight into the regulatory situation for a lone time, has focused its newly launched version 2.0 on the application of blockchain technology and empowered entities in order to comply with the regulatory policies of different countries and regions. The highlight is the F10 function, which reflects the fundamentals of the project. The entity enterprise first realizes digital transformation through the SEA public chain, which is also one of the double-star sub-projects (the other one is BtLux), and then takes use of BtLux F10 function to change the traditional production relationship, allowing its consumers or investors to grasp the “dynamic value” data of the enterprise in real time through the fundamentals of the project, such as development situation, change curve, and distributable benefits per share. Through a digital trading platform that supports real-time perception of changes, real-time analysis of changes, and real-time optimal decision-making, users and investors can enter the traditional financial market with a lower threshold standard.

After the comprehensive upgrade, BtLux Exchange will maximize the value-carrying and value-transmitting functions of the blockchain, and maximize the concept of equality and openness of the blockchain, effectively reducing the operating cost of the physical industrial chain and improving industrial circulation efficiency, realize the value sharing between nodes, break away from the virtual to the real, let technology truly empower the real economy, provide an innovative compliance route for cryptocurrency exchanges, and create the next “miracle” of blockchain-enabled entities.

Safety compliance, accelerating global deployment

Since the establishment of BtLux, it has always adhered to the safety and compliance route. BtLux, has successively obtained the authoritative certification of the three major institutions of Australia AUSTRAC, US FinCEN, and Canadian FINTRAC, could provide digital currency transaction services. The Singapore MAS has also accepted BtLux’s application for MPI license. BtLux knows that the biggest enemy in the cryptocurrency trading battlefield is actually itself, and its own operational strength and safety and compliance are the fundamentals for its survival.

Therefore, BtLux has never stopped exploring, focusing on the global real economy with a strategic vision, adhering to the operating philosophy of security, specialization, innovation and globalization, seizing the international market, and striving to provide global users with professional, safe and reliable and credible physical digital economy token trading services to help the global node economy to rejuvenate and vitalize.

No matter its business philosophy or actual actions, BtLux is constantly improving the security and compliance level of the platform, and actively cooperating with local government regulatory policies. The executives of BtLux said that it is a guarantee to customers and a commitment to itself by looking at the world but not aggressively expanding. BtLux believes that more crypto exchanges like BtLux who gradually explores the “compliance way” will become a model trading platform in the industry, it is bound to break through in this regulatory environment and promote the prosperity of the entire crypto industry.

SOURCE BtLux

semper-fortis-esports-enters-axie-infinity-and-hearthstone-with-dual-capacity-player

Semper Fortis Esports enters Axie Infinity and Hearthstone with Dual Capacity Player

Reading Time: 4 minutes

 

Semper Fortis will become one of the first professional esports companies to enter the play-to-earn market via its very own division of the SMPR team                                                                              

Semper Fortis Esports PLC, the esports company focused on establishing esports teams, forming brand and technology partnerships, and providing business to business advisory services, is pleased to announce its entry into the blockchain based, Non-fungible Token (NFT) video game, Axie Infinity and collectible card game, Hearthstone.                                                                             

The company’s esports team, SMPR has made an official signing of Aleksei Bakumenko (‘Iner’) to compete in both Axie Infinity and Hearthstone for the upcoming season. The player has signed a three-month contract with an option to renew for an additional six months thereafter. They will receive an annual salary and performance-based incentives.                                                                           

The new hire is the first competitive esports players competing in the play-to-earn division of Semper Fortis Esports, where players will be incentivised to compete on behalf of the company for cryptocurrency-based returns in the form of NFTs.                                                                           

Axie Infinity is a trading and battling game that allows players to collect, breed, raise, battle and trade creatures known as “axies” (characters based on axolotl), which are digitized as NFTs. The game uses a “play-to-earn” model (also called “pay-to-play-to-earn” model) where participants can earn a token which is traded on Binance as an Ethereum-based cryptocurrency. Players can also exchange in-game assets as NFTs. Axie Infinity allows users to cash-out these tokens for monetary gains every 14 days.                                                                              

In October 2021, Vietnamese studio Sky Mavis the developer of Axie infinity raised $150 million Series B at a $3 billion Valuation with highly renowned investors involved including Andreessen Horowitz and Mark Cuban. As of October 2021, the game nears 2 million Daily Active Users and has generated close to $2.3 billion in total sales volume since it was launched in 2018.                                                                              

With this appointment, the company will be one of the first professional esports companies to enter the play-to-earn market via its very own division of the SMPR team. The company will look to expand on this division through development and recruitment to earn NFT based rewards through games as a revenue model going forward. Axie tokens are currently trading at circa $120, a staggering 1,200x their initial offer price from 2020.                                     

In addition to Axie Infinity, the newly recruited Aleksei Bakumenko (‘Iner’) is a current ranked Hearthstone player and will also look to compete in the popular free-to-play online digital collectible card game developed and published by Blizzard Entertainment. The game is played as an esport, with high-level tournaments such as Blizzard’s official World Championship featuring a prize pool of up to $1 million.                                                                           

Iner’ is currently ranked in ninth place in the Hearthstone EMEA and comes with a digital footprint of almost 75,000 followers across social media channels comprising of 1,475 followers on Twitter, 68,200 followers on Twitch and 4,770 subscribers on YouTube.                                                                            

Iner’s addition takes the total number of active players on the SMPR roster across to nine and opens the brand up to two new competitive esports and audience types across a digital presence. The player comes with a distinguished digital footprint and a significant following from his competitive region of Russia, a market which the Company sees as a large opportunity to capture in the esports space.                                                                                                   

Kevin Soltani, CEO of Semper Fortis Esports, commented: “Our team is extremely proud to share the additions of Axie Infinity and Hearthstone to our esports games participation and to further strengthen our player roster. Semper Fortis is determined to revolutionise the play to earn space, in merging it with competitive esports play. Our latest signing will pioneer our strategy to build out the SMPR play-to-earn division, opening doors for a new pool of players entering the esports space and diversifying the company’s revenue model. Gaming and blockchain are two of the fastest growing industries and with our team being highly experienced in both, we are geared for an exciting season ahead.”                                                                        

Nolan Bushnell, a Non-Executive Director of Semper Fortis Esports, commented: “The play-to- earn movement is currently in rapid growth and we are very excited to see its evolving nature in the world of competitive esports.”

                                                                               

 

the-indonesian-blockchain-association-positively-welcomes-bahtsul-masail’s-(discussion-forum-among-islamic-scholars)-response-to-justify-crypto-assets-trading

The Indonesian Blockchain Association Positively Welcomes Bahtsul Masail’s (Discussion Forum Among Islamic Scholars) Response to Justify Crypto Assets Trading

 

Asosiasi Blockchain Indonesia (The Indonesian Blockchain Association) is Indonesia’s official blockchain and digital asset association. The growth of the crypto asset industry in Indonesia is currently showing a quite drastic increase in transactions, the Minister of Trade, Muhammad Luthfi said last year the trading volume of crypto assets was only Rp. 65 trillion, but in 2021, for the first five months only, crypto asset transactions reached Rp. 370 trillion. Until now, there are still many questions from related parties regarding crypto asset transactions from the perspective of Islamic law which is currently starting to attract public attention.

Yenny Wahid, founder of the Islamic Law Firm (ILF) and Director of the Wahid Foundation, initiated the Bahtsul Masail (Discussion Forum Among Islamic Scholars) activity to discuss halal and haram crypto transactions. Quoted from https://www.nu.or.id/Yenny Wahid explained about crypto assets which are considered halal by some parties because the crypto asset system as a medium of exchange is actually more free from usury than fiat money and conventional banks, with a blockchain system, transactions occur peer-to-peer without intermediaries. Some parties also argue that crypto assets can be said to be halal as long as they are not prohibited by the state or government.

The ILF presented a number of scholars in the Bahtsul Masail which was held virtually on Saturday (19/6), including the caretaker of the Sukorejo Islamic boarding school KH Afifuddin Muhajir, the caretaker of the Al-Anwar Sarang Islamic boarding school KH Abdul Ghofur Maimun, the Deputy Chairperson of the PBNU LBM KH Abdul Moqsith Ghazali, and KH Asyhar Kholil and Habib Ali Bahar. Also present were general speakers who are competent in their fields, including the Head of the Commodity Futures Trading Supervisory Agency (BAPPEBTI) Indrasari Wisnu Wardhana, the Indonesia Stock Exchange – Pandu Patria Sjahrir, Founder and CEO of PT Pintu Kemana Saja – Jeth Soetoyo, and Co-Founder and CEO Indodax – Oscar Darmawan.

Bahtsul Masail produced several discussions regarding the halalness of crypto asset transactions, including: (1) crypto assets are wealth (mal) according to fiqh, so the crypto assets being discussed with Bahtsul Masail are assets in fiqh review. The definition is that if this property is stolen, the theft must be sanctioned, if it is damaged, it must be replaced, (2) because it is wealth, it is valid to exchange it as long as there is no gharar (uncertainty). Why was it decided that way? Because there is a difference in perspective between Musyawirin (former scholars) whether crypto asset transactions occur gharar or not. Some say crypto assets occur gharar, others say crypto assets do not occur gharar. The nature of this gharar is still debated, this is because each individual sees it from their own perspective. Nevertheless, the scholars of Bahtsul Masail agree that crypto transactions must not have gharar, it’s just that the scholars have different opinions regarding this. So, if it is said that in crypto assets there is gharar, then that is not allowed. For those who say that there is no gharar, as also supported by the cleric Bahtsul Masail, crypto assets may be exchanged, (3) The informants urge the public not to make this transaction carelessly if they do not have knowledge of crypto assets, (4) The informants encourage the government to immediately make strong regulations and strengthen guarantees to avoid misuse and irregularities in crypto transactions.

Indodax as one of the Start-Up bitcoin and crypto exchanges and as a member of the Indonesian Blockchain Association represented by the CEO of Indodax, Oscar Darmawan positively welcomed Bahtsul Masail regarding Halal Haram Crypto Transactions, Oscar hopes that Bahtsul Masail’s recommendation is to allow the trading of crypto assets legally Islam can be an input for policymakers in Indonesia. Because according to him, crypto assets already have a legal basis, namely regulations, and are supervised by the Ministry of Trade and the Commodity Futures Trading Supervisory Agency (BAPPEBTI).

central-chinese-city-tops-provincial-business-environment-ranking

Central Chinese city tops provincial business environment ranking

 

This is a report from China SCIO:

Central China’s Henan province unveiled a provincial business environment ranking Tuesday.

The list ranked the city of Xinzheng first among the 104 county-level cities in the province. Xinzheng falls under the administrative jurisdiction of the provincial capital Zhengzhou.

Xinzheng was rated as “excellent” in six out of 12 first-level indicators including construction permits, property registration, access to credit, contract enforcement, tendering and bidding, and credit environment. It also received the mark of “good” in the categories of business startup, access to electricity, access to water, government services, market regulation, and protection of companies’ rights and interests.

In addition, Xinzheng ranked among the province’s top 10 in terms of contract enforcement, tendering and bidding, credit environment, and property registration.

The city has been giving vigorous efforts to improve its business environment. In recent years, Xinzheng made the government services of over 660 administrative items available online, and 302 items available on mobile phones. It also made the services of 1,634 examination and approval items available in its government service hall.

Meanwhile, government service providers consolidated its 30 departmental windows for government services to four windows offering comprehensive services. Having streamlined its administration and registration services, the city now counts over 100,000 market entities, the highest among county-level cities in the province.

Statistics show that Xinzheng outperformed all other county-level cities in Henan last year in terms of tax revenue, fixed-asset investment, retail sales of consumer goods, and so on.

Furthermore, the city has taken the lead in the province to develop and build a hall for project bidding without meeting face to face based on blockchain technologies. With the innovative public service trading platform, Xinzheng became the only county-level city in the province selected to participate in a subnational e-procurement system assessment project carried out by the World Bank in China.