17M Chinese tourists verify health using blockchain to visit Macau
Interoperability between Macau’s blockchain-powered medical data system and mainland Chinese health codes allowed tourism between the jurisdictions to recommence. Chinese non-profit blockchain consortium FISCO BCOS, reports that blockchain-based health records have successfully enabled China to resume mainland tourism to Macau.From May, Macau’s blockchain-powered medical data system has recognized the ID codes of the Guangdong health system of the mainland, allowing mainland Chinese tourists to verify their health status using the DLT-powered system when entering the autonomous region.To....
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Many countries struggle to attract tourists and those that do manage to get a steady inflow of visitors, often find that they tend to congregate at major attractions leaving a lot of places that are visit worthy untouched. In some countries which have recently put in newer landmarks such as Dubai, the problem of tourists not getting the full feel of the place is even more so the case. Tourists may want to see the 160 storey Burj Khalifa, the Palm Islands or the Burj Al Arab but they might miss the lesser known cultural or historical sights in Dubai. States and territories might want to....
Macau's casino junket operators have already been on the rocks during the coronavirus pandemic, and some fear that they could be “faded out” following the introduction of a fully traceable digital yuan. Beijing's bid to better control money laundering and illicit transactions through a fully-traceable central bank digital currency could pose a threat to the country's popular gambling hub Macau. A hotspot for tourists — of which 70% come from mainland China — the region's gambling business could reportedly be adversely impacted by China's use of a digital yuan to clamp down on illegal money....
Last Friday, on 6/20/14, a jewelry store in the Sands Macao world-class hotel lit up with the virtually iridescent glow of cryptographic splendor. Jase Leung, Bitcoinnect's CEO, together with Matthew Ventura, a Macau entrepreneur, have established a Bitcoin vending kiosk accessible to the myriad of tourists that frequent the international gambling hub of the world. Bitcoinnect is the trademark under the company Harbour Technology Limited (no relation to Harbour Rich Technology Limited) which is the exclusive distributor of California's Genesis1 Bitcoin vending kiosks in the Hong Kong and....
Chinese gamblers and stock traders are nursing their wounds after Macau authorities reversed a decision to limit their daily withdrawals to 5,000 patacas ($626). Macau Investors Easily Spooked. The original announcement sent shares in casinos tumbling, Reuters reports, with seasoned gamers also looking at their incomes being strangled. Macau, which generates around 40% of GDP from the gambling industry, will nonetheless keep a new ATM transaction limit of 5,000 patacas. The proposed limits would affect only China UnionPay account holders, it appears, with authorities pointing to a desire....
Bitcoin trading has taken China, the world's second largest economy, by storm as Goldman Sachs reported that 80% of the industry trading volumes are in renminbi. After all, an increasing share of the Chinese middle class is pursuing alternative investments, apart from property and equities. According to Bobby Lee, CEO of the world's largest bitcoin exchange BTCChina, Chinese users who like to gamble enjoy the strong volatility in bitcoin prices. For many, buying low and selling high offers the opportunity to make quick profits. Chinese Bitcoin Trading. In addition, Lee also views the rise....