Tag Archives: Bank China

A lawyer I know loves to joke that words «blockchain» and «ICO» a resume on LinkedIn adds about 20% to the desired salary. The same goes for large corporations. The trouble is that, in reality, only companies in the financial sector can find the intended use of the blockchain at all conferences and meetups devoted to, for example, blockchains in the energy sector, the speakers, bashfully lowering their eyes to the floor, cite the 2014 PWC report and cite some and the same examples of how blockchain connects a small network of farms in America, thus reducing the price of electricity. But representatives of the banking and financial sectors insert the word «blockchain» practically at all conferences, they are actively developing pilot projects, which, unfortunately, remain pilot. Sberbank has opened a blockchain research laboratory, Alfa-Bank regularly talks about the prospects for working with blockchain, especially in the context of foreign…

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People’s Bank of China and Hong Kong Monetary Authority Discuss Testing Regional RMB-Based Cross-Border Payment Platform.. Organization of the launch of a pilot project in Hong Kong.. According to Executive Director of UDOG Eddie Yue, the use of the digital yuan in the regional system will make it convenient and beneficial for residents of the country traveling from mainland China to the Special Administrative Region or vice versa.. Digital Yuan Compatible with at Least Eight Chinese Bank Platforms The end result of the cooperation will be an integrated cross-border payment platform that will allow payments to be made in the central bank system.. Digital Yuan Explained: What It Will Mean To You? China is actively promoting its CBDC project and has been conducting open trials in several cities since the beginning of the year. The government is also distributing millions of dollars worth of gift cards to motivate people to…

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