Fintech

Hangzhou Court Uses Blockchain-Based Evidence For First Time

Hangzhou Court Uses Blockchain-Based Evidence For First Time

A court in Hangzhou, capital of China’s eastern Zhejiang province, has become the country’s first to use legally valid electronic evidence using blockchain technology.

Jun 30, 2018
Tang Shihua
CIB Fintech Cuts Ribbon on Blockchain-Based E-Contract Platform

CIB Fintech Cuts Ribbon on Blockchain-Based E-Contract Platform

CIB Fintech unveiled its new blockchain electronic contract service platform at a press conference in Lujiazui, Shanghai yesterday.

Jun 29, 2018
Wu Qixuan
China Merchants Bank Trials Mug-Shot Payments at Huawei Headquarters

China Merchants Bank Trials Mug-Shot Payments at Huawei Headquarters

Shenzhen-based China Merchants Bank has introduced its proprietary facial recognition payment system at telecommunications equipment giant Huawei Technologies' headquarters in the same city.

Jun 29, 2018
Dou Shicong
China UnionPay Takes QR Payments to North America: First in Canadian Grocery Stores

China UnionPay Takes QR Payments to North America: First in Canadian Grocery Stores

A unit of China UnionPay, the country's largest bank card provider, has joined hands with a unit of the Bank…

Jun 27, 2018
Xu Wei
Cops Bust Chinese Electricity Thieves Powering Crypto Miners

Cops Bust Chinese Electricity Thieves Powering Crypto Miners

Cops Bust Chinese Electricity Thieves Powering Crypto Miners. Police in China’s central province of Anhui have busted a gang of…

Jun 25, 2018
Chen Juan & Liu Jing
China Issues First Blockchain Invoice to Stamp Out Tax Issues

China Issues First Blockchain Invoice to Stamp Out Tax Issues

China has issued its first blockchain-based invoice as it looks to use modern technology to iron out issues with reimbursement. China Issues First Blockchain Invoice to Stamp Out Tax Issues

Jun 25, 2018
Liao Shumin
VCredit: “Smart Finance” Service for Consumers With Credit Records

VCredit: “Smart Finance” Service for Consumers With Credit Records

VCredit Holdings, dubbed as the “First Share of Smart Finance,” ushers in its listing on the Hong Kong Exchanges and Clearing, nearly…

Jun 22, 2018
Yu Feng
China Closes Cryptocurrency Clearinghouses, Criminalizes Coin Offerings, Official Claims

China Closes Cryptocurrency Clearinghouses, Criminalizes Coin Offerings, Official Claims

The frequent outbreaks of financial irregularities have been effectively curbed since the Chinese government has cracked down on internet financial…

Jun 8, 2018
Tang Shihua
Kunlun Tech Sells First Qudian Shares Since Unveiling Plan to Dump Entire Stake

Kunlun Tech Sells First Qudian Shares Since Unveiling Plan to Dump Entire Stake

Gaming firm Beijing Kunlun Tech has sold another 2.5 million shares in Qudian for just under USD8.9 apiece as it plans to shed all of its holdings in the micro-lender within a year.

Jun 7, 2018
Liao Shumin
WeChat Pay Enters Russian Market

WeChat Pay Enters Russian Market

Chinese tourists in Russia will soon be able to use Tencent Holdings’ WeChat Pay mobile payment platform during their travels…

Jun 6, 2018
Xu Wei
Blockchain Hype Is Ripe for Regulation

Blockchain Hype Is Ripe for Regulation

Blockchain is all the rage these days, though it comes across as more arcane than other sizzling novel sectors such as the sharing economy.

Jun 5, 2018
Zhang Jian
China Doesn’t Need Legal Digital Tender, Central Bank Advisor Says

China Doesn’t Need Legal Digital Tender, Central Bank Advisor Says

There is no need for China to issue legal digital currencies, according to a leading scholar at the country’s central bank who believes bitcoin is utopian and virtual currencies are not currencies.

Jun 4, 2018
Song Yikang

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