An expert from the People’s Bank of China thinks the country has to study USD-backed cryptocurrencies and to launch its own yuan-backed stablecoin. The Chinese government should consider launching its own yuan-backed stablecoin despite the current ban on cryptocurrencies, an op-ed in Chinese financial journal CN Finance reports Tuesday, Oct. 9. An expert from the […]
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PwC will provide tech expertise to decentralized lending platform Cred in the launch of their USD-backed stablecoin. “Big four” audit giant PricewaterhouseCoopers (PwC) has partnered with decentralized lending platform Cred to provide tech expertise in the launch of their USD-backed stablecoin, the company announced on Monday, October 8. In the announcement, the professional services firm […]
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Big Four Auditors PwC, KPMG, EY, and Deloitte are building infrastructure to help conglomerates adopt blockchain technology. PricewaterhouseCoopers (PwC), Deloitte, Ernst & Young (EY) and KPMG, better known as the “Big Four” auditors, all have established solid long-term blockchain roadmaps to remain relevant in the cryptocurrency and blockchain space. The four professional services conglomerates, which […]
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The Chinese Bank of Communications has successfully finished the first issue of a digital mortgages pack on blockchain worth approximately $1.3 billion. The Chinese state-owned Bank of Communications (BoCom) has successfully issued $1.3 billion of residential mortgage-backed securities (RMBS) using blockchain technology, national securities outlet China Securities Times writes Wednesday, September 27. BoCom — the […]
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PwC Hong Kong and PwC Singapore have entered into a joint business relationship with VeChain Global Technology, with each organization acquiring a small ownership interest in VeChain, according to the PricewaterhouseCoopers website. The purpose of the partnership is to utilize VeChain’s trust-based services in accessing and performing transactions on the platform. According to PwC Asia […]
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VeChain became the 20th biggest cryptocurrency, with a market cap of over $2 billion and its prices soared over the weekend after news that it passed a Cryptocurrency Disaster Recovery Plan (CDRP) from PWC. Having the notoriety of an established firm like PricewaterhouseCoopers behind it will no doubt add to VeChain’s value, and the community […]
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