Bank of China issues $28M in digital structured notes on Ethereum blockchain
The securitized tokens are governed by Hong Kong and Swiss law.
The securitized tokens are governed by Hong Kong and Swiss law.
The partnership will enable BNP Paribas China's corporate clients to make payments using the digital yuan through an e-CNY management system.
Chinese banks are opening bank accounts for regulated crypto companies, with several acting as a payment layer for the crypto platforms.
The economist argued that the current crypto ban in China is beneficial in the short term, but big opportunities can be missed in the long run.
A former China central banker said cumulative e-CNY transactions only crossed $14 billion in two years, adding the results were “not ideal.”
The Chinese government has shown a keen interest in developing a metaverse economy, but its stance on NFTs hasn’t been very clear.
A Chinese intermediate court based in Beijing recently upheld a lower court’s ruling which determined that cryptocurrency is a virtual property protected by the law. The court clarified that regulations…
In a move seen as an attempt to pacify protesting bank clients, Chinese authorities in Henan province announced their latest repayment plan which sees customers with deposits ranging between $14,827…
Social media users have slammed China’s reported use of military tanks to intimidate bank customers protesting against the freezing of their savings. Some users claimed the deployment of military tanks…
The municipal government pledged to support the enterprises that are discovering the nonfungible market.