Tagged: suzhou

CBDCs: China to Distribute $3M of Virtual Yuan as JD.com Is Now the First Major Online Service to Accept the Digital Currency

China is reportedly handing out around $3 million of digital yuan as JD.com notably becomes the first online platform to begin accepting the virtual currency. As first reported by CNBC, Chinese digital commerce company JD.com confirmed that it will become the first major online platform… Read More

Blockchain Is Being Used to Handle Notary Services involving Life, Health, Property Rights in Suzhou, China

A blockchain or distributed ledger technology (DLT)-enabled pilot for handling various notary services has reportedly been introduced in Suzhou, China. China Quality News reports that Suzhou’s authorities are supporting the DLT pilot, which could potentially assist millions of residents with gaining secure access to legal… Read More

People’s Bank of China Says “Top-Level” Design of Digital Yuan has been Finalized

The People’s Bank of China (PBoC), the nation’s central bank, has reportedly stated that the “top-level” design of its national digital currency has been finalized. The Chinese reserve bank revealed the development of the sovereign digital currency in a new paper, confirming that the “top-level… Read More

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