By Khanh Vu
In a directive, Prime Minister Nguyen Xuan Phuc told the State Bank of Vietnam, the Ministry of Public Securities and other bodies to tighten the “management of activities related to bitcoin and other cryptocurrency”.
The firm may also invest in companies started by former employees, it said in the statement.
Grab Philippines said the company will cooperate with the review conducted by the Competition Commission.
The device is designed to store and use digital currencies such as bitcoin in fee-less transactions.
Eleven percent of those surveyed at an industry conference said they plan to allocate to crypto funds this year. Seventy-one percent said they won’t, and 18 percent were undecided.
The JV has initiated one billion SIX tokens, each valued at 10 US cents, and is targeting to raise nearly $43 million via ICO.
The funding round comes after Bluzelle’s $19.5-million initial coin offering (ICO) in January. The ICO saw the company sell a third of its 500 million tokens to investors including Kenetic Capital, Hashed, Kryptonite 1 and 8 Decimal Capital.
Google has invested in Chinese startups, forged a patent alliance with Tencent Holdings Ltd. and is pushing its TensorFlow AI tools in the country
Horizon Robotics is an example of China’s resolve to move up the manufacturing value chain by focusing less on commodity smartphones and TVs, and more on sophisticated semiconductors and AI that can help cars drive themselves or spaceships land on the moon.
Darren Wang’s OwlTing has rolled out a system to establish the provenance of stuff: hotel bookings, or pigs from birth to market.