RATE Group | China to Build Another Blockchain Special Zone + More News
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China to Build Another Blockchain Special Zone + More News

05 Mar China to Build Another Blockchain Special Zone + More News

Posted at 16:55h in Cryptocurrency News by

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China to Build Another Blockchain Special Zone + More News 101
A long-span suspension bridge, Hunan, China. Source: iStock/Orientfootage

Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.

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  • The government of Hunan Province, China, will create a blockchain special zone in an industrial park, reports Chinese media outlet VOC. The media outlet says it has learned that the central Ministry of Industry and Information Technology has approved the construction in Wanbao, a small rural town on the outskirts of the city of Loudi. The province is already home to 788 blockchain-related companies, with more now expected to relocate to the new zone.
  • Contour, a blockchain-based trade finance platform developed by eight banks, including HSBC and Standard Chartered, is set for commercial launch in the second half of 2020, following over USD 30 million worth of letter-of-credit transactions during its trial period last year,

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