The IBS Group is an independent crypto consultancy firm that has become one of the leading organizations in the industry. From the smallest to the largest crypto stakeholders in the world are aware of the ongoing crypto mining ban in China. The State Council of China has also issued reservations over the massive financial risks due to the presence of cryptocurrencies.
Yunnan is the latest province to impose halting instructions for the largest crypto projects. Following in the footsteps of many others, the IBC group has also decided to move shop to another location. The CEO of the mining enterprise claims that the China ban is a temporary occurrence. It has been reported that the 1,500 employees will be shifted to different locations like the USA, UAE, Canada, Iceland, and Kazakhstan.
Thailand Property Giant Decides to Enable Cryptocurrency Payments Once Again
The Pavilion resort is a chain of restaurants in Thailand. The property conglomerate owns hectares of land all across Asia. The lockdown due to COVID-19 is easing up now, and it is high time for travelling agencies to try to attract their consumers once more. With the same view, the Pavilion Group has decided to enable crypto payment facilities.
The prospective clients will be able to pay for the vacation packages with the help of cryptocurrencies. There is also an option for purchasing one of the residential villas in the same manner. Coindirect will be responsible for making the transition happen. The managing director of Pavilion claims that the company leadership is more concerned about the devaluation of fiat rather than the volatility of digital assets.
Alvin Lee is an executive at the Singaporean blockchain project DAO. According to him, cryptocurrencies are the gateway to financial independence and prosperity. He compared investing in crypto with moving into a developed country like the United States. According to He posits that cryptocurrencies are the ultimate solution for setting humanity on the path for universal financial inclusion and liberation. He also claimed that digital assets and DeFi space are set to change the relationship between the state and the citizens.
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