On Aug 25, AliBaba’s AntGroup submitted the prospectus to the Shanghai Stock Exchange, the Chinese giant simultaneously submitted the A1 application proof to the Hong Kong stock exchange. The keyword “blockchain” has been mentioned in the prospectus as many as 130 times, which ...
The Bank for International Settlement (BIS) has presented a novel central bank digital currency (CBDC) project index (CBDCPI) which puts countries with higher mobile phone usage and higher innovation capacity as having a higher chance to implement it. The index comes after th...
The extensive effort taken on by almost every part of the Chinese government to push for the development of the digital yuan seems to have worked. However, it’s not the industrious push to digitize the economy that made it attractive for many large companies, but rather the stability that a cent...
A director of the technical department of a bank in China’s Suzhou revealed that the current digital currency application in Shenzhen and Suzhou is mainly concentrated in small-scale scenarios such as retailing, public transportation card recharge, catering. The application scenarios for C...
China’s digital currency is currently undergoing extensive tests in preparation for the Beijing Winter Olympics scheduled for next year, the 21st Century Business Herald reported. While the digital yuan has initiated state-wide efforts to ramp up blockchain development, testing concrete pro...
The long-anticipated digital yuan will be piloted in more cities across the country, announced China’s commerce ministry on Friday August 14. The pilot cities announced this time are no longer limited to several heavyweight cities previously reported but with a large number of places incl...
Parallel to the massive government-led initiative to boost blockchain development in the country, Chinese private companies are also taking the lead when it comes to blockchain. The latest significant progress in this regard comes from Ant Group, a subsidiary of Alibaba. According to a repo...
Following the pace set by other major provinces in the country, China’s Hebei province has launched its own plan to grow and nurture blockchain industry in the region. Announced earlier today, the plan titled the “Hebei Province Blockchain Special Action Plan (2020-2022) was set up by th...
China’s blockchain-based Service Network (BSN) has officially launched a new global website on August 10, developers from six blockchain platforms, covering Ethereum, EOS, Nervos, Tezos, NEO and IRISnet now are able to build Dapps and run nodes through the data storage and ban...
Blockchain-related developments in China continue to make the news even as the new global portal of the Blockchain-based Service Network (BSN) goes live on Monday to provide a cross-cloud, cross-portal, and cross-framework global infrastructure network that would be used to deploy and opera...
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