China’s dynamic: (1) Central Bank: strengthen risk prevention in new fields such as virtual currency and intercept criminal funds in an all-round way; (2) Meituan: the digital RMB activities in the new pilot cities have cumulatively driven people’s livelihood consumption to more than 400 million yuan: more than 1.6 million new users of meituan platform have tasted digital RMB in meituan app in the past 10 days after the expansion of the pilot scope of digital RMB. During this period, the number of daily average digital RMB trading users of meituan platform has increased by more than three times compared with the ten days before the announcement of the new pilot cities, and the daily average digital RMB transaction amount has increased by more than four times compared with the previous ten days; (3) Zhou Xiaochuan: the application of digital RMB focuses on retail; (4) The first global settlement based on green blockchain technology is completed in Hong Kong; (5) The State Grid’s “industrial chain finance + Digital RMB” project helps the safe operation of rural power; (6) 129 banks have “one-point access” to the digital RMB interconnection platform: as of mid March 2022, 129 banks (107 urban commercial banks, 16 private banks and 6 foreign banks) have confirmed to access the digital RMB interconnection platform through urban bank clearing, and 11 urban commercial banks have been put into operation; (7) Shenzhen Bao’an launched a digital RMB 100 million car purchase subsidy; (8) Ant takes the lead in formulating the first international standard of supply chain financial blockchain; (9) China’s first “blockchain + semiconductor equipment Industrial Park” landed in Changsha.
Overseas developments: (1) MasterCard and NEXO, a cryptocurrency platform, launched the first credit card supported by cryptocurrency; (2) Cryptocurrency exchange and blockchain browser blockchain com. Has begun talks with Bank of America to discuss how to conduct an initial public offering as soon as this year; (3) Vietnam blockchain alliance was officially launched: the mission of the members of the alliance is to connect the technology business community and provide advice and advice to regulators to formulate policies and legal frameworks related to blockchain technology, digital assets and digital currency; (4) The Central African Republic will adopt bitcoin as its legal tender.
Risk tips
The implementation process of digital RMB and CBDC in various countries is less than expected; Regulatory uncertainty of blockchain application; Blockchain infrastructure construction was not as expected.
