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Blockchain-Bank: Tencent obtains license for Hong Kong

The large Chinese group Tencent expands its Blockchain-commitment. In the future, the Internet giant is allowed to offer in Hongokong block chain-based Banking.

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Blockchain-Bank: Tencent obtains license for Hong Kong

The large Chinese group Tencent expands its Blockchain-commitment. In the future, the Internet giant is allowed to offer in Hongokong block chain-based Banking.

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11. November 2019BTC $ 8,746.65 -3.37%part Facebook Twitter LinkedIn xing mail

China's largest Internet company Tencent has obtained a license for its own Blockchain-Bank in Hong Kong, told the Chinese news Agency Sina Finance.

As of the Tencent-Blockchain-in-chief Yige Cai on the world-Blockchain conference in Wuzhen, China, said, have given the Hong Kong Securities and Futures Commission (SFC), a license for a virtual Bank. Tencent will now put a Team together that build the Blockchain-Bank.

The new rules and the supervision of transactions with digital Assets in Hong Kong to confirm the importance of the Blockchain technology and digital Assets. This is good news for the industry as a whole,

Cai said in his speech at the summit.

The SFC has granted 12 licenses for virtual banks. Hong Kong has introduced for transactions of digital licenses, which comply with the regulations for securities dealers. Many companies have therefore opted for Hong Kong as a location for virtual banks.

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So Infinium, a Digital Banking Joint Venture, had received in may a banking license in Hong Kong. Now in "merger Bank" umgetauften joint venture ICBC Asia, the Hong Kong Exchanges and Clearing, as well as the Hillhouse Capital Group and New World include, in addition to Tencent,.

Hong Kong is pushing for, among other things, with an advanced crypto-license policy in its efforts to position itself as a hub for Blockchain applications.

Tencent relies on virtual Banking in Hong Kong

In Hong Kong, to virtual Banking is an important part of the business of Tencent. In the area of Payments, Tencent has already established a financial Ecosystem, the management of the assets, securities, banks and Blockchain includes.

So is Tencent in 2014 launched, for example, an asset management platform called "Tencent's Li Cai Tong". Tencent managed by the platform Fund of about 600 billion Yuan (77,63 billion euros) for about 150 million users.

The headquarters of Tencent in Shenzhen, China, is located close to the intra-Chinese border to Hong Kong special administrative region. Among the broad range of activities from Tencent, among others, instant messaging services, social networks, online media, online advertising and online shopping so far.

Tencent was also the first company that surrounded the electronic accounting on the Blockchain technology. Meanwhile, the number of Shenzhen's invoices had exceeded the million mark, and includes transactions worth over 1.5 billion Yuan (190 million euros).

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