Cointime

Download App
iOS & Android

Shanghai: Supporting the digital RMB system to access blockchain infrastructure

On December 7th, according to Mobile Payment Network, the Office of the Standing Committee of the Shanghai Municipal People's Congress announced that the 17th meeting of the 16th Standing Committee of the Shanghai Municipal People's Congress reviewed the "Several Provisions on Promoting the Application of Blockchain to Empower Electronic Documents in Pudong New Area, Shanghai (Draft)". In order to further promote legislative democracy, the draft regulations and related explanations are now publicly announced to solicit opinions from the society, so as to further study and modify them, and then submit them to the future Standing Committee meetings for review. The "Several Provisions on the Application of Electronic Documents" support the integration of the digital RMB system into the blockchain infrastructure, and promote the use of digital RMB in various application scenarios such as electronic document certification, pricing, payment, settlement, and investment and financing. In addition, the "Several Provisions on the Application of Electronic Documents" also state that relevant departments will promote the management and sharing of various electronic certificates and documents generated by their performance relying on blockchain infrastructure.

Comments

All Comments

Recommended for you

  • US Spot Ethereum ETF Sees Net Inflow of $276 Million Last Week

    On April 20, according to SoSoValue data, the US spot Ethereum ETF experienced a net inflow of $276 million last week.
  • US Spot Bitcoin ETF Sees $996 Million Net Inflow Last Week

    On April 20, according to SoSoValue data, the US spot Bitcoin ETF recorded a net inflow of $996 million last week.
  • Polymarket Seeks to Raise $400 Million at $15 Billion Valuation

    According to The Information, prediction market platform Polymarket is in talks with investors to raise $400 million at an estimated valuation of around $15 billion. This funding will be added to the $600 million round previously invested by the Intercontinental Exchange last month, which did not disclose its valuation at that time. Polymarket is looking to attract more strategic investors.
  • Trump Shares Article Claiming Victory in Iran War, Lists Eight Achievements

    On April 20, U.S. President Trump shared a commentary article by American political conservative Christopher Ruddy on social media, in which the author stated that Trump has decisively won the war. The article provided eight reasons for this 'victory': 1) Achieved the goal of preventing Iran from developing nuclear weapons and dismantling its nuclear program. 2) Undermined Iran's status as a regional military power. 3) Facilitated a de facto new Arab-Israeli alliance, as key Gulf nations recognize their future is closely tied to Washington and Jerusalem. 4) Weakened Iran's network of proxies that have disrupted the region for years. 5) Forced NATO members to reflect on strengthening NATO. 6) Diminished Russia's standing; although Moscow has temporarily benefited from sanctions relief and high oil prices, these are short-term gains. 7) Stabilizing the Gulf region and reopening energy flows will ultimately benefit global markets and the world economy. 8) The Iran conflict may make the U.S. stronger and better prepared for future wars.
  • BTC Falls Below $75,000

    Market data shows that BTC has fallen below $75,000, currently priced at $74,996.26, with a 24-hour decline of 2.66%. The market is experiencing significant volatility, so please ensure proper risk management.
  • BTC Falls Below $76,000

    Market data shows that BTC has fallen below $76,000, currently priced at $75,990.02, with a 24-hour increase of 0.9%. The market is highly volatile, so please ensure proper risk management.
  • Iranian Military Spokesman: Control Over Strait of Hormuz Restored Due to U.S. 'Breach of Promises'

    On April 18, Iranian media reported that an Iranian military spokesman stated that control over the Strait of Hormuz has been restored to its previous state due to the U.S. 'repeatedly breaching promises.' The strait is currently under strict management and control by the Iranian armed forces. (Xinhua News Agency)
  • BTC Falls Below $77,000

    Market data shows that BTC has fallen below $77,000, currently priced at $76,997.37, with a 24-hour increase of 2.68%. The market is experiencing significant fluctuations, so please ensure proper risk management.
  • Iranian Civil Aviation Organization Announces Partial Reopening of Airspace

    According to Iranian media reports on the 18th, the Iranian Civil Aviation Organization announced the reopening of part of Iran's airspace and several airports. (Xinhua)
  • Bitcoin ETF Sees $663.9 Million Net Inflow, Ethereum ETF Sees $127.4 Million Net Inflow

    On April 18, according to Farside Investors, the U.S. Bitcoin spot ETF saw a net inflow of $663.9 million yesterday, with IBIT net inflow at $284 million, FBTC net inflow at $163.4 million, and ARKB net inflow at $117.9 million. The Ethereum ETF recorded a net inflow of $127.4 million yesterday, marking the seventh consecutive day of net inflows, with ETHA net inflow at $30.8 million and FETH net inflow at $84.1 million.