Unconfirmed: Eight Institutions to Get China’s Digital Currency First

Eight institutions will reportedly receive the first installment of China’s upcoming central bank-issued digital currency, including Alibaba and Tencent. According to sources, the People’s Bank of China is giving its first round of central bank digital currency (CBDC) to online retail giant Alibaba, Internet giant Tencent, five banking organizations and one unknown entity. The first […]

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Africa’s Largest Bank Joins Blockchain-Based Marco Polo Network

Africa’s largest bank by assets, Standard Bank, has joined blockchain-based trade finance consortium, the Marco Polo Network. Standard Bank, Africa’s largest bank by total assets, has joined blockchain-based trade finance network, the Marco Polo Network. Standard Bank will now develop trade finance solutions alongside major global financial institutions such as French BNP Paribas and Dutch […]

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South Korea’s ‘Bit-Island’ Jeju Announces New Blockchain Initiative

South Korea’s “Bit-Island” Jeju announced the Blockchain Hub City Development Research Service. South Korea’s “Bit-Island” Jeju announced the Blockchain Hub City Development Research Service on Aug. 13. An island with blockchain ambitions Local news outlet JejuDomin reported on Aug. 14 that Jeju announced the Blockchain Hub City Development Research Service on Aug. 13. Furthermore, the […]

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