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Alibaba To Provide Support For China’s Central Bank Digital Yuan

Alibaba to provide support for China’s Central bank and its Digital Yuan project according to a report by VOA news as we can see more in our latest crypto news today. Alibaba Group’s affiliate Ant Group signed a partnership with People’s Bank of China and the partners will work to build a platform for the central bank’s digital currency project. VOA quoted the Chinese state media Global Times. The Digital Yuan or the eCNY, development will be promoted by the partners and will be based on the Alibaba affiliate. The Global Times revealed that banking institutions worked with Ant and…

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China Partners With Alibaba’s Ant To Push Digital Yuan Amid Regulatory Issues

China’s central bank has further partnered with Ant Group, the fintech arm of Alibaba Group, and internet provider Tencent to develop its digital currency. Ant And Tencent To Help In Development Of Digital Yuan According to the Digital Currency Research Institute of the People’s Bank of China (PBC), during the Fourth Digital China Summit held in East China’s Fujian Province, the apex bank said it had signed a strategic cooperation agreement with Ant to help build a technical platform for the digital yuan. Ant would promote the development of the electronic yuan or e-CNY, using its database, Ocean Base, and…

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