Bitmain and BCH hard fork | BTCC shut down | Uzbekistan launches crypto court

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This week in Asia blockchain scene

1.China longest-running mining pool, BTCC, to shut down
BTCC mining pool belongs to BTCC exchange, China’s first crypto exchange. BTCC used to be one of the top 10 mining pools back in July but dropped significantly over the past few months. The mining pool officially announced that it will shut down all mining servers on November 15.

2.Uzbekistan to set up international arbitration center for crypto
Uzbekistan has announced plans to implement an arbitration mechanism to resolve crypto disputes. The center will advise businesses, including foreign investors operating in central Asian countries. This month, Russia also announced plans to establish arbitration body for crypto disputes. 
 
3.Bitmain deployed 90,000 S9 Antminers to prepare for imminent BCH hard fork
Bitmain is on the way to deploy 90,000 S9 miners in Xinjiang in preparation for BCH hardfork. BCH hardfork will be settled this week. The proponents on 2 sides are Bitcoin ABC backed by Bitmain and Bitcoin SV supported by Australian Satoshi Craig Wright. 
 
4.Bitmain’s annual flagship Antminer 7nm S15 and T15 goes on sale
7nm technology enables the chips to consume less power and mine faster. Bitmain CEO Jihan Wu pointed out the miners would achieve a ratio of energy consumption to the mining capacity at 42J/T. Both of the miners support mining Bitcoin and Bitcoin Cash. 
 
5.Japanese local bank, First Bank of Toyama, joins launched stablecoin
First Bank of Toyama, a Japanese local bank in Hokuriku region, launched yen-pegged stablecoin for internal employees. This is not the first stablecoin launched by Japanese bank. Back in April, Mitsubishi UFJ Financial Bank, one of Japan’s largest bank, piloted a stablecoin program in an in-house convenience store.
 
6.Former director of National People's Congress Financial and Economic Affairs Committee: should study the feasibility of digital RMB
Former director of National People's Congress of Finance and Economics, Shaoping Zhu, suggested that government should explore the feasibility to digitalized RMB. He also proposed that 5 percent and 10 percent of the new monetary supply each year can be put on blockchain for trial. National People’s Congress is the core legislature body in Chinese government. 

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