CCB Corrects Blockchain Bond Reports…and Says a Big Fat ‘No’ to BTC


Days after media outlets from all over the world reported that the Labuan branch of the China Construction Bank (CCB) had issued the nation’s first-ever blockchain-powered RMB bonds, the bank in question has moved to deny the veracity of the reports, adding that it has no links with “cryptocurrencies including bitcoin.”

Although the bank does not deny the existence of the bonds, or its connection with their issuance, it was keen to point out that it is merely the “lead arranger” and “lead advisor” on the project, with the actual issuance taking place via a company named Longbond, and tradeable on the Fusang Exchange.

The bank’s Labuan branch made the announcement on its CCB Malaysia website, stating,

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