• Cryptocurrencies,  Regulation,  Technology

    Blockchain and digital currencies advance in Asia

    India’s largest bank has joined JPMorgan’s Liink payments project as central banks from China, Thailand, and the United Arab Emirates join Hong Kong’s multinational digital currency project

    The State Bank of India, which manages nearly a quarter of the nation’s assets as well as its loan and deposits market, decided to join JPMorgan’s blockchain payments system. Meanwhiles, the State Bank of India, a nationally owned retail bank, will use JPMorgan’s Liink blockchain system to make its cross border-payments faster and cheaper.

  • Hong Kong embracing digital yuan
    Cryptocurrencies,  Technology

    Hong Kong embracing digital yuan

    The Hong Kong Monetary Authority’s chief executive said it is working with the People’s Bank of China to give the digital yuan a cross-border test

    While Hong Kong is part of China, it is a special administrative region, meaning it has a border and a separate central bank. Which makes it an excellent cross-border test partner for the digital currency China is testing.