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China’s Blockchain Initiative BSN Plans for R3 Corda Integration

Red Date Technology – among the designing entities of China’s blockchain-powered Service Network – has reportedly secured licensing rights from R3 to offer access to the free and...

Jenny Aurora | Apr 15, 2021 07:50

Bitcoin Spike Largely Contributed to Rise In Interest For Digital Yuan, Disclosed PBoC

The People’s Bank of China reportedly revealed that the accelerating interest towards its CBDC initiatives may be fueled by Bitcoin’s (BTC) recent surge. Specifically, the digital yuan is the...

Robin Wong | Apr 09, 2021 14:25

China’s Digital Yuan to Provide Back Up For AliPay And WeChat Pay, In Case of Emergency

China’s central bank digital currency (CBDC) is reportedly functioning as a backup for high-profile retail payment entities, such as AliPay and WeChat Pay, as part of its primary goal. ...

Emily Rys | Apr 01, 2021 12:00

China Banks to Carry Out Pilot Testing for Digital Yuan At Shanghai Department Stores

The Bank of Communications and China Construction Bank have reportedly carried out digital yuan pilot testing at two big Shanghai-based department stores. Specifically, the trials were reportedly...

Emily Rys | Mar 26, 2021 15:10

China’s BSN-Ton Labs Alliance to Build Apps On Telegram-built TON Protocol

TON Labs is reportedly forming an alliance with China’s Blockchain-based Service Network, in a bid to design applications on the Telegram-built TON protocol. Specifically, via the new collaboration,...

Tracy Hannes | Mar 08, 2021 19:11

Ant-backed MYbank to Assist China in Developing The Digital Yuan Pilot

WeBank and MYbank – receiving the backing of Tencent and Ant Financial respectively – will reportedly be the first private banks to become the members of China’s digital yuan pilot....

Katelyn James | Feb 26, 2021 15:16

Chinese Bank Trials Biometric Hardware Wallet Dedicated to Digital Yuan Payments

China’s large-scale digital yuan trials throughout numerous cities have reportedly seen significant development, following a few financial entities to build hardware wallets for the CBDC. ...

Chris Torres | Feb 24, 2021 07:11

Fortune 500 Company Geely to Release China-based Joint Blockchain Business

Swiss enterprise blockchain developer, the Concordium Foundation – has reportedly inked a joint venture agreement with the Geely Holding Group, to roll out a blockchain venture in the region. ...

Chris Torres | Feb 22, 2021 13:39

Digital Yuan-focused Hardware Wallet Rolled Out Across Xiong’an New Area

A China-based banking entity has reportedly finished designing the first hardware wallet for the nation’s CBDC – the digital yuan, facilitating dual offline payments. Specifically, the...

Shannon Wilson | Feb 19, 2021 14:22

EY Roll Out Blockchain Solutions In China Via Alliance With Blockchain-based Service Network And Others

Ernst & Young – among top global professional services entities – is reportedly establishing its blockchain footprints in China, via a collaboration with blockchain initiatives in the...

Robin Wong | Feb 17, 2021 11:11