bacco

The General Office of the State Council recently issued the "Opinions on the Comprehensive Crackdown on Illegal Activities Related to Tobacco," which pointed out: Strengthen risk control of tobacco-related activities in inbound and outbound transportation vehicles and international mail packages, enhance analysis and judgment on illegal activities such as overseas registered websites and the use of virtual currency to trade tobacco products, and accurately crack down on smuggling of tobacco using new technologies and channels.

ChainCatcher news, according to Tobacco Online, the Tobacco Monopoly Bureau of Liuzhou City, Guangxi, successfully dismantled a criminal gang involved in illegal tobacco transactions using the virtual currency Tether (USDT) in cooperation with the public security department.It is reported that the "Virtual Currency Cigarette Transaction Situation Awareness System" of the Liuzhou Tobacco Joint Command Data Center obtains virtual currency transaction data by building blockchain nodes to synchronize the entire chain ledger, and cooperates with the public security department to accurately capture 12 local suspects involved in the case, seizing 84,400 illegal cigarettes and involving a virtual currency transaction volume of 28,625 Tether coins.

ChainCatcher news, Layer2 interoperability protocol Connext announced a network upgrade Bacco on December 14.Connext stated that Bacco significantly reduces the operational costs of the network and enables Connext to quickly scale to new chains and L2. Bacco changes the way messages are transmitted between chains, with messages being transferred between chains via the Connext Sequencer (affected by the fault-proof window and observer disputes), rather than through the sequencers of other Rollups.