News Snapshot:
0 China Construction Bank , one of the nation’s big four state-owned banks, has partnered with Hong Kong-based fintech firm Fusang to launch the sale of $3 billion worth of debt securities using blockchain in the hope of reducing service costs traditionally associated with financial intermediaries. The digital bonds, which will be listed on the Fusang Exchange, a Malaysia-based bourse that also facilitates the trading of cryptocurrencies, can be bought for bitcoin or U.S. dollars, according to a joint company statement on Wednesday. The bonds will be sold in the form of certificates of deposit, which global investors can buy...
