The Chinese fintech giant ‘will not issue cryptocurrencies’, CEO Cyril Han Xinyi says
“Ant Group will not issue cryptocurrencies, nor participate in any form of the hype,” CEO Cyril Han Xinyi said during the Inclusion Conference on the Bund in Shanghai on Thursday.
“Ant is focused on building technological infrastructure to serve industries rather than disrupt them,” Han said at a forum on the tokenisation economy, or tokenomics – a system in which real or digital assets are converted into blockchain-based tokens to facilitate easier ownership, transfer and value exchange.
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