Huawei, a telecoms giant and multinational technology company, announced via WeChat that it entered a ‘strategic cooperation’ agreement with the Digital Currency Research Institute of the PBoC. While the announcement did not disclose the details of the agreement, Huawei has actively developed blockchain services, and China is anticipated to launch the digital yuan in the near future. The partnership follows China’s leader Xi Jinping’s recent endorsement of blockchain technology and Sunday’s reports that China launched a blockchain-based identification system for smart cities.