HSBC pilots the first yuan-based Letter of Credit on Voltron blockchain
This latest pilot project involved HK-based MTC Electronic exporting a shipment of LCD parts and panels to its parent company, Shenzhen MTC.
This latest pilot project involved HK-based MTC Electronic exporting a shipment of LCD parts and panels to its parent company, Shenzhen MTC.
The move is seen as a major boost to the firm’s mission to become a one-stop-shop blockchain-era investment bank.
The Code of Practice addresses the anti-money laundering and counter-terrorist financing (AML/CFT) concerns often associated with cryptocurrencies.
Shenzhen taking the lead in China’s experimentation with blockchain, despite Beijing’s skeptical attitude towards cryptocurrencies.