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China’s Blockchain Initiative BSN to Carry Out Testing for International CBDC System in 2021

The Blockchain Service Network – China-based, countrywide blockchain initiative – is reportedly going to carry out testing phase for integration with international central bank digital...

Katelyn James | Jan 22, 2021 16:29

20,000 Transactions Carried Out In Pilot Testing For China’s Digital Yuan

Chinese citizens have reportedly carried out approximately 20,000 transactions via e-commerce firm JD.com, during a pilot phase of the nation’s digital yuan. Specifically, JD.com reportedly...

Emily Rys | Dec 22, 2020 14:29

China Construction Bank’s Blockchain Bond Continues With New Partners And Proof-of-concept

China Construction Bank – ranked 2nd globally assets-wise – is reportedly teaming up with Malaysian and Singaporean associates, to explore blockchain implementation across the bond...

Jenny Aurora | Dec 14, 2020 12:10

PBoC and Hong Kong Conducted Initial Discussion on Using Digital Yuan Trial for Cross-border Payment

China’s central bank and the Hong Kong Monetary Authority (HKMA) are reportedly conducting Preliminary discussions, in a bid to initiate the piloting phase for the digital yuan in Hong Kong. ...

Tracy Hannes | Dec 13, 2020 07:30

China’s Countrywide Blockchain Initiative Rolled Out Support For New Batch Of Protocols

Blockchain project supported by the Chinese authority – the Blockchain Service Network (BSN) – is reportedly rolling out facilitating features for an additional group of major blockchain...

Emily Rys | Nov 27, 2020 19:18

China’s UnionPay and Korea’s Danal to Roll Out Digital Card With Supporting Features for Crypto

Top-tier financial services firm China UnionPay, an analog to card providers like Visa and Mastercard, reportedly forged an alliance with payment company Danal from South Korea, to release a digital...

Shannon Wilson | Nov 06, 2020 07:00

China’s Digital Yuan Pilots Finalized $300M in Transaction Up to Now, Disclosed by PBoC Governor

China’s digital yuan pilot project is accelerating, with the processing for a $300M fund has reportedly been completed, per insights disclosed by the governor of China’s central bank. ...

Daniel T. | Nov 04, 2020 09:37

Huawei Introduced New SmartPhone With Built-in Digital Yuan-supported Hardware Wallet

Huawei reportedly revealed that its next project – Mate40 smartphone series – will reportedly come with a built-in hardware wallet supporting China’s central bank digital currency, the...

Katelyn James | Nov 02, 2020 14:05

Chinese City Applied Blockchain For Enhancing Numerous Sectors

The Chengdu government in China is reportedly looking to utilize blockchain for different use cases throughout the region, covering urban governance, cross-border trade, smart manufacturing, and...

Chris Torres | Oct 31, 2020 14:37

China’s Central Bank Established Regulatory Framework for Its CBDC

China’s central bank – the People’s Bank of China (PBOC) – reportedly released a draft bill, aimed at establishing a regulatory framework and legitimacy, for the nation’s anticipated...

Chris Torres | Oct 27, 2020 14:32