SCMP reported that China Construction Bank will sell $3 billion worth of bonds through bitcoin, which will be traded on Malaysian Stock Exchange.
In the past few months, with the global certainty and imminent inflation, experienced investors and technology entrepreneurs (such as hedge fund manager Paul Tudor Jones and MicroStrategy CEO Michael Seiler) have become more and more interested in Bitcoin.
Bitcoin Games of Bank of China
CCB is also known as the second largest bank in the world. It is selling a cheap digital bond, and buyers can invest up to $65,438+000. Securities are rolled every three months, and Libor plus 50 basis points of annualized interest is paid.
For legal purposes, the bonds will be issued and arranged through the branch of China Construction Bank in Labuan County. Due to its favorable laws and policies, the town has become a tax haven for Southeast Asian enterprises.
Digital bonds will be listed on the Fusang Exchange, which will also promote the trading of cryptocurrencies. It also accepts bitcoin as the payment method for all purchases, and then immediately converts it into dollars.
Zhang Chongzhong, CEO of Fusang Group, pointed out:
"Bonds are essentially similar to three-month time deposit products, and the fees paid to holders are much higher than most US dollar bank deposit rates. These securities can be bought by investors all over the world, except tax residents in the United States and China, and people and entities in Iran and North Korea.
Wang Steffen, chief operational and financial strategist of China Construction Bank Malaysia Branch, added that the company did not violate any laws by charging bitcoin to pay fees. He said: "We are accepting bank deposits, which is our core business."
Wong added that the bank believes that issuing bonds is both a pilot project and an innovative issue. However, he also warned against rumors. Wong said: "Banks don't trade bitcoin or cryptocurrency."
Haven't you heard? Naturally don't understand. Is the Ethereum taking off?
Does CCB have a blockchain patent?
CCB is not only preparing to use Taifang to issue bonds, but also used Bitcoin to issue bonds before, which shows that sellers don't care what channels to sell.
I believe that CCB is not the first and will not be the last bank to issue bonds in the virtual money market.
Among them, there are several points that can be interpreted:
1, why did CCB choose to issue blockchain bonds in Bitcoin Ethereum?
There is a simple reason. There are more people playing these two bitcoin blockchains. By issuing bonds in these two currencies, the target population of these two currencies can be obtained.
It's like: you sell a basket of eggs. There are already many egg sellers in town. In order to sell your eggs, you went to the country and found a crowded place to sell them.
Its purpose is simple, that is, to sell eggs. This has nothing to do with that village. The point is eggs.
In the same way, CCB issued bonds on Bitcoin Ethereum to sell bonds.
2. Why doesn't CCB issue bonds in other currencies?
Few people play with other currencies. CCB is also worried that selling bonds in other currencies may lead to zero. Therefore, in order to prevent risks, you choose to issue bonds on the player's Bitcoin Ethereum, and you won't worry that no one will buy it, and you won't worry about the risk of zeroing.
Summary: CCB's issuance of blockchain bonds on Bitcoin Ethereum is only a normal bond sales behavior, which has little to do with Bitcoin Ethereum, nor does it mean that many virtual currencies are legal.