Tencent to Build Virtual Bank After Hong Kong Regulator Approves License
Tencent received the green light from the Hong Kong Securities and Futures Commission to build a blockchain-based virtual bank.
A new platform backed by Guangdong province aims to streamline the process for commercial banks to lend funds to small businesses with more detailed and reliable profiles provided by its blockchain network.
Former NEO general manager Zhao Chen joins Hong Kong-based venture capital firm CMCC Global to lead blockchain equity investments in mainland China at a new Shanghai office.
A newly launched fintech firm hopes to leverage the token sale model to back investments in real-world assets. But it's taking a different approach than many previous projects.
The new initiative will help ensure migrant workers aren’t charged unethical fees.
Protesters across the globe are testing out bitcoin and other decentralized technologies – then promptly discovering their limitations.