Huobi joined the Chinese-backed corporate blockchain alliance China-based cryptocurrency exchange Huobi became one of the first members of the Blockchain Services Network (BSN), organized by the State Information Center (SIC) to unite industry representatives. The Block citing local media.

Huobi Exchange Joins China-Backed Enterprise Blockchain Alliance

Chinese division cryptocurrency exchanges Huobi became one of the first members of the Blockchain Services Network (BSN), organized by the State Information Center (SIC) to unite industry representatives, writes The Block with link on local media.

Information about the members of the new association was disclosed at a conference on December 1. In addition to Huobi, it includes the Chinese payment system China UnionPay, telecom giants China Mobile and China Telecom, supported by the authorities, as well as China Merchants Bank International and WeBank..

According to Xinhua News Agency, BSN aims to provide infrastructure platforms for blockchain services that will connect different networks, regions and institutions. According to the publication, the platform developed by China UnionPay and China Mobile has already been "successfully deployed".

In September, Huobi opened an official branch in the Chinese province of Hainan, writes The Block. Yang Chen, President of the Hainan Financial Conduct Authority, said Sunday that the region is implementing a regulatory sandbox model aimed at testing financial technology and blockchain..

Previously became known, what a playground Huobi Russia realized the opportunity depositing rubles deposits.

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