Media: Tencent releases internal notice, will set up digital currency research project team and designate relevant person in charge

On December 23, Tencent internally released the "Notice on the Establishment of a Digital Currency Research Project Team (Virtual Organization) and the Designation of Responsible Persons" (hereinafter referred to as the "Notice"). The "Notice" stated that in order to actively respond to the call of the "Opinions of the Central Committee of the Communist Party of China on Supporting Shenzhen to Build a Pioneering Socialist Demonstration Zone with Chinese Characteristics" on "Initiating Digital Currency Research and Innovative Applications in Mobile Payments in Shenzhen", the company continued to advance the company's payment strategy To ensure the long-term and healthy development of the payment business, and further leverage the advantages of inter-departmental resources and technology, through the CDG enterprise development business group-payment basic platform and financial application line, WXG WeChat business group-WeChat payment line, S1 functional system-functional line, S2 functional system—financial line studies and reports to the relevant business group leaders for review and decision. A digital currency research project group (virtual organization) is established under the enterprise development business group payment basic platform and financial application line.
The project team is overall responsible for advancing the work of the digital currency research project, following up on the latest policies of relevant government departments, conducting digital currency related research, business model innovation and application scenario verification.