The CBDC-like bakong provides digital payment services in riel and the U.S. dollar. It has been steadily extending its regional scope.
Alipay News
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AgBank — the world's third-largest bank by assets — has indicated it will follow the PBoC’s cue and work to stamp out its clients’ crypto-related activities.
15143Chinese "crypto dad" and ex PBoC director Yao Qian insists digital yuan is not a surveillance tool for the government.
9796Alibaba’s Alipay and Tencent’s WeChat Pay reportedly account for 98% of the mobile payment market in China.
6866The notion of China racing to launch a CBDC that will end U.S. monetary supremacy doesn't hold up if you look at the facts on the ground.
10953Lawmakers are prepping new tools to pursue tech firms accused of anti-competitive business practices.
18881A representative for the Jack Ma Foundation confirmed to reporters that the businessman had “participated in the online ceremony of the annual Rural Teacher initiative event on January 20.”
9136The platform is just the latest product in the fintech’s long-evolving blockchain solutions.
5053Trusple platform promises to apply blockchain, AI and IoT technology to streamline cross-border trading processes for SMEs.
6631China’s Ant Group is prepping for the largest IPO in history.
8205China’s central bank may be planning to use its digital currency to curb the dominance of Alibaba and Tencent in the digital payments sector.
11227Chinese multinational tech group ByteDance is seeking a virtual banking license in Singapore as a means of entering digital finance.
22185Crypto pundits believe that central bank digital currencies based on public-private partnerships could see the light of day much sooner, as many solutions under development use the approach.
8096Ant Financial launched a new consortium blockchain platform for SMEs and developers.
3118Chinese payments platform Alipay has revealed more details of its role in China’s upcoming CBDC ecosystem through a series of patents released over the past month.
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