Tencent, the Chinese internet giant and owner of WeChat, is reportedly forming a team to explore possible new use cases for cryptocurrencies.
Unlike Libra, Digital Yuan Will Not Need Currency Reserves To Support Value: PBOC Official
PBOC wants to distinguish its own digital currency from rival private initiatives.
Tencent’s WeBank to Provide Infrastructure for China’s National Blockchain Consortium
WeBank has become the first technical infrastructure provider for Chin’s blockchain network.
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.
Tencent to Lead Drafting of International Blockchain-Based Invoice Standards
The internet giant, which has been working on blockchain-based invoices for some time, will lead the development of new standards.
Tencent Says Libra Would Pose Serious Threat to Alipay, WeChat Pay
Chinese internet giant and parent of WeChat, Tencent said Libra would pose serious risks to current digital payment systems in the country.
Tencent, Fidelity Back $20 Million Round for Blockchain Firm Everledger
Blockchain provenance startup Everledger has raised $20 million in a Series A round led by internet giant Tencent.
BIS Wants ‘Level Playing Field’ for Banks Amid Threat From Firms Like Facebook
The Bank for International Settlements has expressed concerns over the expected disruption as big tech firms like Facebook enter the financial space.
WeChat Now Censoring Bitmain and Crypto Price Prediction Accounts
WeChat has just blocked an official sales channel for Bitmain miners, along with several accounts that analyse the crypto markets.
WeChat Eyes Blockchain for Faster Refunds of Company Expenses
WeChat owner Tencent thinks blockchain can speed up reimbursement of expenses for company employees and it’s trialing a feature to do just that.
Tencent, Chinese Officials Partner on Fighting Blockchain Security Risks
Technology giant Tencent said it was teaming up with the Chinese government to fight blockchain-related security problems and crimes.
Chinese City to Use Blockchain In Fight Against Tax Evasion
Tencent is working with a local tax authority on fintech solutions to tax issues, and already has a blockchain product for invoicing.