According to cryptocurrency and blockchain publication Coindesk, China is going to remove Bitcoin mining from its technology band list. Furthermore, the Hong Kong Monetary Authority (HKMA) confirmed it had signed a Memorandum of Understanding (MoU) with a subsidiary of the People’s Bank of China (PBoC) which looks to release a financial electronic trading platform. This is an important step in China’s Belt and Road Initiative or BRI because with a digital payment system, China can control trade if BRI is successful throughout Eurasia, Europe and Africa.
Coindesk Article: Chinese Agency Scraps Plan to Eliminate Bitcoin Mining Industry
Cointelegraph Article: China Signs Agreement With Hong Kong Central Bank for Blockchain Push
Inter-Blockchain Communication is here?
IBC is here
Israeli blockchain start-up, LiquidApps has released LiquidLink which allows a smart contract to communicate with multiple blockchains such as EOSIO, Ethereum and Bitcoin. LiquidLink seems to be the first layer-two solution to implement inter-blockchain communication.
LiquidApps Medium Post: LiquidX Brings DSP Services To All EOSIO Chains and dApps