China Crypto Roundup (Jan.25-Jan.31): Digital RMB Appeared in Government Reports, Jihan Wu Stepped Down as Bitmain CEO
1. Government council of Beijing and Shanghai proposed to promote digital currency pilot projects
Wang Zhen, a member of Beijing CPPCC and general manager of China Xiong’an Digital City Technology Co Ltd, said at the meeting that digital economy currently has two important points to promote in Beijing. One is to promote the pilots of digital RMB. From the perspective of payment and finance, digital RMB can reduce the operating costs of small and medium-sized enterprises. The second is to promote the establishment of the digital factor market and speed up its development on the existing basis.
Shanghai Mayor Gong Zheng said in the government work report that this year, Shanghai will focus on strengthening the “four major functions”, speed up the promotion of high-quality economic development, will strengthen the function of global resource allocation. We will continue to open the financial sector wider to the outside world, continue to gather a number of functional, headquarter institutions, and carry out trials of the digital RMB.
2. China Blockchain Enterprise Development Survey Report 2020: The number of related enterprises exceeded 64,000, with Guangdong accounting for 40%
By December 2020, a total of 64,062 enterprises in the country in the enterprise name/former name, business scope or product information and other industrial and commercial information containing the word “blockchain”, up 52.88% compared with the total number at the end of 2019.
There are about 1,300 blockchain enterprises in China that actually carry out business. Among them, there are 1,036 blockchain enterprises that contain the word “blockchain” in their business registration information, accounting for about 2% of the total blockchain-related enterprises.
The blockchain enterprises are mainly distributed in Beijing, Shanghai, Guangzhou and Zhejiang. Among them, Beijing has more than 400 blockchain companies, ranking first. Guangdong has more than 300, ranking second; The number of blockchain enterprises in Shanghai and Zhejiang has also broken 100.The number of blockchain enterprises in the above four provinces and cities accounts for more than 70% of the total in China.
3. The dispute over Bitmain ended, and Wu Jihan stepped down peacefully
Bitmain co-founder Jihan Wu formally announced his resignation as Bitmain’s CEO and chairman in an encrypted letter on January 26. Wu explained how the fight with Zhan was finally resolved, but he also believed that Bitmain would be a successful IPO, and he enjoyed the 2,815 days of Bitmain’s journey.