CITIC - Pwim.Net

Deutsche Bank Joins JP Morgan’s Blockchain Platform

This article is contributed by our content partner, Nexchange Group. Germany’s beleaguered banking giant, Deutsche Bank, has joined JP Morgan’s blockchain-based Interbank Information Network (IIN), the Coin Telegraph reports. Deutsche Bank’s entry brings the initiative’s network to 320 banks, with Takis Georgakopoulos, head of payments at JP Morgan, expressing hope that Deutsche will be the first … Continue reading Deutsche Bank Joins JP Morgan’s Blockchain Platform

China Construction Bank Announces Updates of Blockchain Platform After $50B Transacted

One of China’s four largest banks, China Construction Bank (CCB) has officially released the second version of its blockchain platform for trade finance, reaching 360 billion yuan ($50 billion) in cumulative transaction volume. CCB announced the release of “BCTrade 2.0,” focusing on digitizing trade and financial services between 54 domestic and overseas CCB branches and 40 external … Continue reading China Construction Bank Announces Updates of Blockchain Platform After $50B Transacted

Crypto Candidate Andrew Yang Calls for Clarity on Hodgepodge Regulations

Presidential candidate Andrew Yang has been owning his moniker as the ‘Crypto-Candidate’, he once again highlighted the “high potential” of cryptocurrencies in an interview with Bloomberg on January 29. During the interview, he discussed his thoughts and strategy for regulating digital assets and cryptocurrencies. Yang expressed his frustrations at the mixed communication from the main regulator bodies. … Continue reading Crypto Candidate Andrew Yang Calls for Clarity on Hodgepodge Regulations

Chinese State-Owned Banks Start Exploring Digital Yuan Use-Cases for Buying Investment Funds & Insurance Products

Two major government-owned Chinese banks are expanding their pilot programs for the national Digital Currency. China Construction Bank (CCB) and Bank of Communications (BOCOM) have begun studying the new use cases of the digital renminbi by allowing citizens to use it to purchase investment funds and insurance products online. The two state-run banks are working with fund management and … Continue reading Chinese State-Owned Banks Start Exploring Digital Yuan Use-Cases for Buying Investment Funds & Insurance Products