TechFlow news, according to Sina Finance, today the Capital Account Income Payment Facilitation Authenticity Verification application scenario on the State Administration of Foreign Exchange's cross-border financial blockchain platform officially began pilot operations, with Guangdong being one of the five pilot regions nationwide. On the first day of launch, under the guidance of the Guangdong Provincial Branch of the State Administration of Foreign Exchange, Bank of China’s Nansha Branch in the Guangdong Free Trade Zone successfully completed a USD 5.52 million foreign debt settlement facilitation authenticity verification transaction for an enterprise in the free trade zone using the cross-border financial blockchain platform, marking the first implementation of this pilot project in the Guangdong-Hong Kong-Macao Greater Bay Area.
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