Tag: china

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The Chinese Bank to use Blockchain. Is it a competition with Alibaba?

The Chinese Bank to use Blockchain. Is it a competition with Alibaba?

The Peoples Bank of China (PBoC) recently announced its plans of utilizing blockchain technology for developing RMBCoin, a blockchain based national currency. By using this technology, tPBoC is alloca ...
China Turns Its Attention Towards Blockchain

China Turns Its Attention Towards Blockchain

China`s leading banks are hiring blockchain experts in line with government`s plans to explore the possible applications of the blockchain techology, reported Reuters (reuters.com).Chinese banks h ...
PSBC Develops Blockchain for 4-Trillion-Dollar Business

PSBC Develops Blockchain for 4-Trillion-Dollar Business

China’s sixth-biggest bank, in assets, partnered with IBM to create a blockchain-based, asset custody based system.Postal Savings Bank of China, abbreviated PSBC, has commissioned a blockchain-bas ...
Why China is expected to Lead in Fintech and Blockchain Industries

Why China is expected to Lead in Fintech and Blockchain Industries

Recent research from reliable and major sources predicts that China will be a global leader in fintech and Blockchain industries. The research development firms include DBS and EY. This prediction is ...
Bitcoin Exchange BTCC: China Has Not Declared Margin Trading Illegal

Bitcoin Exchange BTCC: China Has Not Declared Margin Trading Illegal

On Thursday the leader of BTCC also known as Chinese bitcoin exchange refused reports from media that the exchange company was giving margin loans illegally based on the ruling made by the Central Ban ...
China`s Largest Bitcoin Exchanges To Charge Trading Fees

China`s Largest Bitcoin Exchanges To Charge Trading Fees

China`s three largest bitcoin exchanges have announced that they will start charging trading fees from 24th January on, as reported by Reuters (reuters.com).According to official statements on the ...
All You Need To Know About YBCoin

All You Need To Know About YBCoin

Yua Bao Coin or YBCoin is a Chinese cryptocurrency platform. Just as it is with many emerging cryptocurrency platforms, it was formed by a group of tech enthusiasts who favored the Bitcoin model. YBCo ...
Bitcoin’s impressive 34-month high despite volatility in the Chinese stock market

Bitcoin’s impressive 34-month high despite volatility in the Chinese stock market

Bitcoin prices have seen a significant increase on Tuesday making prices hit a fresh high in 2016. During the summertime, statistics show that it had reached a high of $781.31. This was during a time ...
Blockchain Tech Introduces Baht-Yuan Transfers in Thailand, China

Blockchain Tech Introduces Baht-Yuan Transfers in Thailand, China

It is now possible to directly transfer baht-Yuan across Thailand and China as Kasikornbank, the fourth biggest bank in Thailand, in terms of assets has partnered with Chinese fintech firm internation ...
China on its way to become a global FinTech hub

China on its way to become a global FinTech hub

Chinese FinTech companies have emerged as important players on the global market, according to a recent report conducted by research firm Ernst & Young (EY) and Singaporean bank DBS.“While Lon ...
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