April 18, 2024

Huobi Chinese Exchange Enters State Blockchain Alliance

The Chinese division of the Huobi cryptocurrency exchange was one of the first members of the Blockchain Services Network (BSN) alliance launched by the State Information Center (SIC).

Also, Chinese payment will join BSNChina UnionPay, state-owned telecommunications giants China Mobile and China Telecom, China International Trade Bank and WeBank, owned by Tencent conglomerate.

Local publication Xinhua News reports thatAs part of the alliance, a blockchain-based infrastructure platform was developed that will connect various networks, regions and organizations. The platform was developed by China UnionPay and China Mobile.

At the end of November, the Russian divisioncryptocurrency exchange Huobi announced the start of accepting deposits in rubles. Also, the Huobi Russia exchange received approval from the Ministry of Justice of Uzbekistan to conduct transactions using digital assets.

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