subsidy

Maoming City Party and Government Agencies, and Public Institutions Fully Implement Digital Renminbi for Issuing Subsidies and Allowances

ChainCatcher news, according to the "Maoming City" WeChat public account, Maoming City (a prefecture-level city in Guangdong Province) is continuously promoting the pilot work of digital RMB. Recently, I learned from the Maoming branch of the People's Bank of China that the party and government agencies and public institutions in Maoming City have fully implemented the distribution of subsidies in digital RMB.In July this year, the Maoming Municipal Finance Bureau and the Maoming branch of the People's Bank of China jointly issued the "Notice on the Pilot Work of Distributing Subsidies in Digital RMB." According to the requirements of the "Notice," the party and government agencies and public institutions in Maoming City began to fully implement the distribution of subsidies in digital RMB starting in September. By the end of October, a total of 359 budget units in the city had implemented the distribution of subsidies in digital RMB, with a cumulative total of 75,883 instances of subsidies distributed to administrative agencies and public institutions, amounting to 81.738 million yuan.At the same time, Maoming is also promoting the quality, expansion, and efficiency of the digital RMB pilot work, expanding multi-channel payment methods. In the next step, Maoming City will continue to promote the distribution of salaries in digital RMB for all budget units in the city. Additionally, it will actively promote the construction of a digital RMB application demonstration area in the eastern section of the Maonan River in Maoming City.

Binance: Affected users from the CYBER earning event will receive a total subsidy worth 1 million USDT

ChainCatcher message, Binance released an announcement titled "Explanation and Solution Regarding the CYBER Earning Coin Incident." The announcement states that on August 31, 2023, Upbit only supports CYBER tokens issued on the Ethereum network (ERC20) and does not support CYBER issued on the BNB Smart Chain network (BEP20). At that time, the project team did not have a cross-bridge solution, and due to the price difference between Upbit and other platforms, both Binance and other trading platforms experienced a lack of liquidity for CYBER (ERC20).Due to the price difference and the rapid increase in CYBER prices, a large number of cross-platform trading users began borrowing coins for trading, leading to a surge in demand for CYBER lending. At this time, the platform's risk control for borrowing coins was triggered, and the lending rates were raised. Since Binance's lending fully adheres to the "real coins for real borrowing" principle, although it reserved redemption funds and made corresponding adjustments, it was still insufficient to cope with a large number of redemption requests in a short period during extreme market conditions.In response to this CYBER incident, Binance stated that it would allocate all earnings from the CYBER financial products launched (871 CYBER) and an additional budget totaling 800,000 USDT to subsidize users. During the period from August 29, 2023, 08:00 to September 5, 2023, 08:00, the 887 users who failed to redeem CYBER on the earning platform will receive subsidies based on their daily average CYBER holding ratio.During this period, other CYBER deposit users on the earning platform will equally share the 200,000 USDT equivalent CYBER time-limited experience vouchers provided by the CyberConnect Foundation.

Chengdu provides special subsidies for the blockchain and big data industries, with a maximum one-time subsidy of 2 million yuan

ChainCatcher news, according to Chengdu Daily, the "Implementation Rules for the Special Policies of Chengdu for Building a National Blockchain Innovation Application Comprehensive Pilot" and the "Implementation Rules for the Special Policies of Chengdu for Promoting the Development of the Big Data Industry (Revised)" have been recently released to support the development of related industries.In terms of supporting blockchain infrastructure construction, a one-time subsidy of up to 1 million yuan will be granted to enterprises or institutions participating in national and provincial blockchain infrastructure construction, based on 20% of their investment costs; for enterprises or institutions that take the lead in establishing blockchain operation centers and actually carry out business, a subsidy of up to 500,000 yuan will be granted each year for the first two years, based on 20% of the actual operating costs.In deepening blockchain scenario applications, enterprises are encouraged to carry out application demonstrations around the key tasks of the "Chengdu National Blockchain Innovation Application Comprehensive Pilot." For projects that participate in and complete the established pilot goals, a one-time subsidy of up to 1 million yuan will be granted based on 20% of the project's construction costs;In promoting high-quality industrial development, a one-time subsidy of up to 2 million yuan will be granted to those who build blockchain technology evaluation institutions, obtain provincial-level or higher qualification certification, and provide services externally, based on 20% of the actual investment costs. Support will be provided for enterprises to explore markets outside the region, with one-time rewards of 100,000 yuan, 300,000 yuan, 500,000 yuan, and 1 million yuan for enterprises whose annual blockchain business sales revenue exceeds 50 million yuan, 100 million yuan, 500 million yuan, and 1 billion yuan for the first time, respectively;In creating a good development ecosystem, a one-time reward of 1 million yuan, 500,000 yuan, 300,000 yuan, and 100,000 yuan will be granted to enterprises or institutions that lead the formulation of international, national, industry, and group blockchain standards. (source link)
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