VeChain introduces its Digital Carbon Platform while competition orchestrated a FUD against FunFair
A couple of days ago we saw multiple reports come through claiming that China has lifted its infamous “Bitcoin ban”. The reports came out after Shenzhen Court of International Arbitration recognized Bitcoin as “a legal asset to be owned, transferred and utilized as a medium of payment for goods and services in China”. The issue itself was misunderstood by many people, as there was a general consensus that China outright banned every crypto related activity earlier this year when the ban was imposed. misunderstanding came to light after a court case was brought up before the abovementioned court, where the defendant (who owed significant amounts of cryptocurrency to the plaintiff) claimed that he is unable to return what he owes due to the ban which the Chinese government imposed on cryptocurrency trading. He even went on to suggest that the entire contract between him and the plaintiff is invalid due to this ban.Shenzhen Court of International Arbitration rejected the defendant’s notions and declared that exchanging cryptocurrency on a peer-to-peer level isn’t forbidden. The actual ban was focused on Chinese financial institutions which are the ones that aren’t allowed to get involved in crypto trading. People can send and receive BTC but the currency cannot be traded on exchanges, as those are forbidden from operating on the territory of China.
About FunFair (FUN): FunFair provides blockchain-powered solutions with the potential to profoundly change the online gaming industry for both the operator and player. Using the latest Ethereum technology, we deliver low cost, high quality, transparent casino experiences that are provably fair. Using a powerful combination of peer-to-peer networking and cryptography, FunFair's advanced blockchain-powered casino platform is the first to deliver secure and fair games for players with easier set-up and much lower cost, helping to create and empower a new breed of operators. FunFair Technologies was created in 2017 by British technology entrepreneur and investor Jez San. Headquartered in Singapore with related companies in London, Malta, Gibraltar and Guernsey, FunFair is building a game-changing B2B platform using pioneering blockchain technology to bring transparency, efficiency and access to new markets to the casino sector.