Credit China Fintech Invests In Bitcoin Tech Firm BitFury

Chinese financial technology service provider Credit China Fintech Holdings Ltd. has agreed to a US$30 million deal with block chain technology firm BitFury Group Ltd to invest in BitFury shares and establish a joint venture focused on China, the companies said today.

No financial details on the share purchase or the joint venture were disclosed.

The collaboration with BitFury is in line with Credit China Fintech's strategy and will assist the Hong Kong-listed company in maximizing the adoption of the bitcoin and block chain technology into its various financial technology platforms, i...

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