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Another giant participates in DCEP, JD Digits and Digital Currency Research Institute have reached a cooperation



On September 21, JD Digital Technology Holdings Co., Ltd. (hereinafter referred to as "JD Digital") and the Digital Currency Research Institute of the People's Bank of China (hereinafter referred to as "Central Bank Digital Currency Research Institute") formally reached a strategic cooperation.

According to JD Digits, the two parties will jointly promote the R&D and construction of mobile basic technology platforms and blockchain technology platforms based on the digital renminbi project; The landing application of online and offline scenarios promotes the ecological construction of digital RMB wallets.

Binance Smart Chain's another "earth dog" project, Multi Financial, ran online and took away 5,000 BNB in one day: According to Binance Smart Chain investors' blockchain feedback to Wu, there was another "earth dog" project on BSC on February 1 Multi Financial ran away and took away about 5,000 BNB in just one day of going online. The damaged investors said that they have reported Binance to block the address of the project party and reported to the police. Recently, there have been multiple runaway incidents on BSC. The popcornswap project has lost nearly 48,000 BNB, and three more projects (Zap Finance, Tin Finance, and SharkYield) have run away within a few days. At present, SharkYield is suspected of taking away 6,000 BNB. Binance previously stated that BSC is the same public chain as Ethereum, and should not be responsible for the above projects. It is hoped that users must invest carefully and choose high-quality leading projects to participate. (Wu said blockchain) [2021/2/1 18:35:56]

On September 11, JD Digits submitted a listing prospectus to the Stock Exchange, intending to list on the Science and Technology Innovation Board. According to the prospectus, JD Digits has participated in the digital currency and payment innovation research project led by the central bank and the China Payment and Clearing Association, and has formed and submitted the "Digital Currency and Payment Service Innovation Research Report".

Another financial institution in Thailand terminates bank accounts involved in cryptocurrency transactions: A major financial institution in Thailand, the state-owned Krungthai Bank (Thailand Bank), has closed accounts for cryptocurrency transactions, the Bangkok Post reported on Monday. The bank has become the second bank in Thailand to "terminate accounts involved in cryptocurrency transactions on the Thai digital asset exchange TDAX" after Bangkok Bank. There are still two financial institutions providing services to TDAX. [2018/2/28]

The cooperation with the Central Bank Digital Currency Research Institute further demonstrates the in-depth cooperation between the two parties in the central bank digital currency.  

Another exchange in Thailand is about to join the "battle" of digital currency: It is understood that the Thai digital asset exchange will be launched on December 16. The platform has three versions in English, Chinese and Thai. Although there have been frequent signals of regulatory policies for virtual currencies in Southeast Asia recently, among them, Thailand has a friendly attitude towards ICO and virtual currencies, and has handed over the regulatory power to trading platforms. This time Dagongniu announced that the platform is completely legal, which means that the trading platform is responsible for the supervision of its online projects. [2017/12/13]

Currently, the central bank’s digital currency is undergoing internal testing in Shenzhen, Suzhou, Xiong’an, and Chengdu. The internal testing scenarios are mainly concentrated in small-amount, retail, and high-frequency business scenarios.

According to the 21st Century Business Herald reporter, the four major banks are developing their own proprietary digital renminbi apps. Some banks develop apps called "digital renminbi", and some banks use animal names. In addition to scenarios such as transfers and bill payments, digital renminbi has also begun to test the traffic entry-level scenario of "credit card repayment".

Previously, Didi also publicly announced a strategic cooperation with the Central Bank’s Digital Currency Research Institute to jointly research and explore the scenario innovation and application of digital renminbi in the field of smart travel. The two parties expect to establish a cooperative relationship, give full play to their respective advantages, and promote the platform ecological construction of digital renminbi in diversified travel scenarios, so as to achieve complementary advantages and win-win cooperation.  

Another Internet giant, Meituan Dianping, was also exposed by the media to participate in the digital renminbi test. It was also revealed that Bilibili, ByteDance and other companies participated in the central bank’s digital currency test. Although no official announcement was received, But it's almost a certainty.  

On the 19th, the People's Bank of China's financial magazine "China Finance" published an article "New Opportunities for the Development of China's Legal Digital Currency" in the 17th issue, saying that the People's Bank of China began research on legal digital currencies in 2014. In January 2017, the People's Bank of China The Bank’s Digital Currency Research Institute was formally established. As of April 2020, 22, 65, and 43 patent applications have been submitted for digital currency and related content, covering the entire process of digital currency issuance, circulation, and application, forming a complete The industrial chain has completed the technical reserve and has the conditions for landing.


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