Search Results for: Cheng

Chinese Central Bank Approves the City of Chengdu for its FinTech Innovation Pilot

The Chinese central bank, People’s Bank of China has recently approved the city of Chengdu to carry out FinTech innovation supervision pilots. Chengdu, the capital of China’s Sichuan province has been added to the list of regions that could carry out FinTech-related pilots. The People’s Bank of China launched the FinTech regulatory sandbox in December … Continue reading Chinese Central Bank Approves the City of Chengdu for its FinTech Innovation Pilot

Virtual Assets Investment Opens Opportunity to H.K. Residents, While Adrian Cheng Invests in Sandbox

As residents in Hong Kong struggle to purchase physical property due to high housing prices, The Sandbox’s virtual assets could be a lucrative investment opportunity for many. The Hong Kong-based billionaire and property tycoon Adrian Cheng Chi-kong, son of Henry Cheng Kar-shun, has announced his addition of virtual real estate to his portfolio of investments via The … Continue reading Virtual Assets Investment Opens Opportunity to H.K. Residents, While Adrian Cheng Invests in Sandbox

Henry Cheng's owned Knight Dragon to Issue 100,000 Tokens for Luxury Real Estates in London

Two real estate properties located in London are now being tokenized. Hong Kong property tycoon Henry Cheng’s owned Knight Dragon will issue 100,000 security tokens for the real estate items, according to Forbes. Global law firm Baker McKenzie announced on Tuesday that it has advised Knight Dragon Investments Limited (“Knight Dragon”) and its subsidiary KD Tokens … Continue reading Henry Cheng's owned Knight Dragon to Issue 100,000 Tokens for Luxury Real Estates in London

101 Azuki Purchaser 'LastKnight' is Adrian Cheng

Adrian Cheng has been revealed to be the mysterious “LastKnight,” who bought 101 Azukis amidst ongoing controversy. Prior to his revelation, there were weeks of speculation and rumours about the true identity of the LastKnight. However, it was Cheng – an avid Azuki supporter and a person of high-profile interest in the Azuki community. Cheng’s swooping … Continue reading 101 Azuki Purchaser 'LastKnight' is Adrian Cheng

Alibaba Moves to Expand Its Scope For Its Blockchain-powered Charity Project

Ant Financial, an affiliate of Alibaba the e-commerce giant is making efforts to increase the scope and accelerate its charity project which happens to be a blockchain initiative. Alibaba announced that it will make use of blockchain to protect third parties who donate money to charity. The project was revealed last summer with Ant Love, … Continue reading Alibaba Moves to Expand Its Scope For Its Blockchain-powered Charity Project

Fintech in Belt and Road – the Bavarian Benefits

Belt and Road Initiative—Germany In May 2019, the Munich-based German think tank—Ifo Institute published a study highlighting that the China-proposed Belt and Road Initiative (BRI) can help Bavarian companies enter new markets and ease access to raw materials. The study indicates that through the BRI, trade between Germany’s Bavaria and China is expected to increase by nearly ten … Continue reading Fintech in Belt and Road – the Bavarian Benefits

China’s Blockchain and FinTech Sector to Brace for 'Capital Winter' Even After the Coronavirus Pandemic Subsides

Investment activity in China’s tech sector has seen a massive drop in the past four months since the coronavirus outbreak has emerged from the city of Wuhan. The venture capital market has been suffering a tremendous impact on its existing drop in activity. The epicenter of the pandemic, Wuhan, has eased its lockdown measures and … Continue reading China’s Blockchain and FinTech Sector to Brace for 'Capital Winter' Even After the Coronavirus Pandemic Subsides

China’s Central Bank Digital Currency DCEP to be Operational for Local Government Employees Starting in May

Local government employees in the city of Suzhou will be receiving China’s central bank digital currency, digital currency electronic payment (DCEP) in May, according to a local news outlet. China has been charging full speed with its digital currency development plans shortly after Facebook revealed its Libra stablecoin project.  Mu Changchun, the Director-General of the … Continue reading China’s Central Bank Digital Currency DCEP to be Operational for Local Government Employees Starting in May

China's Central Bank Says Digital Yuan Will Not Raise Inflation

China’s central bank has been secretive and silent when it comes to the testing of its national digital currency, which has piqued the curiousity of its citizens. A bank representative recently appeared at a state-owned television company responding to such public curiosities and gave an explanation of how the digital yuan would function. Race to … Continue reading China's Central Bank Says Digital Yuan Will Not Raise Inflation

McDonald's, Subway and Starbucks Among the First to Trial China's Digital Yuan

Mcdonalds has been named along with coffee giant Starbucks as one of the 19 retail firms and restaurants that will be first to try out China’s Digital Yuan in the new district of Xiong’An. On April 22, the Reformation and Development Commission of the Xiong,An district convened to discuss the pilot for China’s Digitial Currency … Continue reading McDonald's, Subway and Starbucks Among the First to Trial China's Digital Yuan

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