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16:12 02.12.2019
2019-12-02
Elena Grekova (Neironix)
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Huobi Exchange Joins Chinese Blockchain Alliance

Huobi Cryptocurrency Exchange became one of the first representatives of the BSN conglomerate, organized by the China State Information Center (SIC).

China UnionPay (a local analog of VISA), China Mobile, WeBank and several other Chinese companies also announced their participation in the new alliance at the "First Blockchain Services Network Partners Conference" in Hangzhou, on December 1.

The formed conglomerate is aimed to develop a single system that combines various blockchains, institutions, and companies working in the field of cryptocurrencies. The results will be tested in Hainan in a special “fintech and blockchain projects sandbox”.

Earlier we wrote that Huobi together with Global Digital Finance (GDF), has begun developing cryptocurrency standards. Also last week it became known that fraudsters tried to sell part of the stolen ETH from the cryptocurrency exchange UpBit through Huobi.

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