Chinese VC firm pledges $10B fund to support Web3 startups
In an attempt to turn the Greater Bay Area into "world's meta-asset capital," China’s GBA Capital invests a whopping $10B fund for Web3 startups in hopes of furthering regional innovation.
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Standard Chartered, PwC see potential for programmable CBDCs in China’s Greater Bay Area
The "Co-creating the future ecosystem with Central Bank Digital Currencies" white paper notes that China's Greater Bay Area is prime real estate to test CBDCs, given the diversity of currencies in the area.