Poloniex supports sanctions against Russia

Poloniex supports sanctions against Russia by the termination of services to the Russian citizens
21 August 2017   4027

Poloniex, one if the biggest and most influential cryptocurrency exchanges, has updated its terms of use. Among the other provisions in paragraph one, there are now a couple of sentences which, in fact, support sanctions against Russia by the termination of services to the Russian citizens.

Poloniex Terms Of Use  Poloniex Terms Of Use 

The Poloniex customers from Russia claim that this problem is serious. They indeed now have to withdraw their funds as they begin to receive the emails:

Poloniex emails Russian users Poloniex emails Russian users

How this will affect the financial position of the exchange (as Russian miners and traders are quite active) and its reputation, remains to be seen.

Notably, not only Russia will be affected, but also other embargoed countries among which are also Crimea (region of Ukraine), North Korea and others. 

Bank of China to Issue $2.8B Blockchain Bonds

Bank used its own DLT system to issue blockchain bonds
09 December 2019   71

The fourth largest state bank, the Bank of China, has issued two-year blockchain bonds for small businesses totaling $ 2.8 billion.

To issue digital certificates, Bank of China used its own blockchain system.

It is also the first blockchain-based bond issue accounting system in the country.

Bank of China

Securities will go on sale with an interest rate of 3.25% per annum.

Thus, the bank hopes to raise funds to support small businesses in the country. As of September, as part of this initiative, the bank provided loans to small and micro enterprises for a total of $ 57.7 billion.