India Approves Blockchain Research By BRICS Member Banks

Blockchain, News | September 13, 2018 By:

India’s Union Cabinet, the supreme decision-making body in the country led Prime Minister Narendra Modi, has approved a memorandum of understanding (MoU) on a joint research on distributed ledger and blockchain technology.

Earlier this week, the decision-making body announced that it would allow the Export-Import Bank of India (Exim Bank) and banks from other BRICS member states –

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Blockchain Trade Finance Platform Trial Launched By China’s Central Bank

Blockchain, News | September 5, 2018 By:

The People’s Bank of China (PBoC), the country’s central bank, is currently testing a blockchain trade finance platform, according to a report from local news outlet Shanghai Securities News.

Called “Bay Area Trade Finance Blockchain Platform,” the platform was developed by the Digital Currency Research Lab of the PBoC and the its Shenzhen branch.

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Chinese Regulators Issue Joint Warning On Fake Crypto Fundraising

News, Regulation | August 27, 2018 By:

Chinese regulators have warned citizens about illegal fundraising attempts claiming affiliation with the blockchain industry.

In a joint statement, the Banking Regulatory Commission, the People’s Bank of China, the Ministry of Public Security, the State Administration for Market Regulation, and the Central Cyberspace Affairs Commission warn of “lawless entities” seeking to raise funds “using the banner of financial innovation and blockchain” in exchange for crypto assets.

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Blockchain Firm Signs $24B Deal With China’s Largest Electric Bus Full-Service Operator

Blockchain, News | August 21, 2018 By:

FinTech firm Seven Stars Cloud (SSC) has signed a three-year, exclusive contract with the National Transportation Capacity (NTS) to help raise $24 billion to fund “large-scale electric bus upgrades” in China.

Powered by blockchain and artificial intelligence (AI), SSC facilitates and enables the transformation from traditional financial markets into the asset digitization era.

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