CCB: «the bank will not trade bonds for bitcoins.»

16.11.2020
Bank CCB stated that the bank will only settle the issued bonds in dollars. Earlier it was reported that the bonds will also be traded for BTC.

The Malaysian branch of the world’s second largest bank, China Construction Bank (CCB) in Labuan, has published the relevant information on its website. According to service, the bank will facilitate «clearing and settlement of bonds in US dollars» and «will not accept cryptov currencies, including bitcoins, for settlement of any of its banking operations;

The statement stresses that CCB’s Labuan branch is not in charge of issuing bonds, but rather of arranging the process, listing the bonds and facilitating the clearing and redemption of US dollar-denominated bonds;

Earlier Fusang stated in a press release that it will be possible to buy and sell bonds not only for US dollars, but also for bitcoins. However, the statement did not specify that the cryptographic operations will go through CCB. Recall that last week China Construction Bank released
$3 billion in block-issue bonds. The securities will be traded on the Hong Kong stock exchange Fusang.

The CCB may have decided to clarify the situation as Liu Guiping, the bank’s president, was recently appointed deputy chairman of the People’s Bank of China (PBOC). CCB’s bitcoin operations may have been mixed with the Chinese government, which continues test
state cryptographic currency — digital yuan.