WeBank plans to create a local blockchain system in Hong Kong while also developing a solution aimed at combating money laundering. The initiative reflects the bank’s commitment to utilizing blockchain technology to enhance financial services. By establishing this local system, WeBank hopes to address regulatory requirements and improve the efficiency of financial transactions. The anti-money laundering solution is expected to bolster compliance efforts and provide increased security in transactions. This move aligns with global trends emphasizing the importance of secure and regulated financial practices.
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