China central bank official says commercial banks should step up blockchain application

Commercial banks should step up their application of blockchain technology to em...

FILE PHOTO: People walk past the China Bank headquarters building in central Beijing October 15, 2008. REUTERS/David Gray

SHANGHAI - Commercial banks should step up their application of blockchain technology to embrace digital finance, a Chinese central bank official said on Monday. Li Wei, head of the People’s Bank of China’s technology department, made the comments at a forum in Shanghai. Last week, Chinese President Xi Jinping said the country’s development of blockchain technology should be sped up.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Reuters /  🏆 2. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China should ease regulations for foreign financial institutions: HSBC executiveChina should ease regulations so that foreign financial institutions can obtain ...
Read more »

Activist in China #MeToo movement detained -rights groupSophia Huang Xueqin, a freelance journalist, was detained on suspicion of 'picking quarrels and stirring up trouble'. Via Reuters
Read more »

Australian markets up as hopes rise for a US-China 'phase one' trade dealAustralian shares rose in the morning, as hopes rise on trade, with the U.S. and China appearing close to finalizing a phase one trade deal.
Read more »

Germans have mixed feelings about Christine LagardeBanks, central bankers and newspapers have attacked the ECB's latest round of stimulus
Read more »

Explainer: What is China's Communist Party plenum?The elite Central Committee of China's ruling Communist Party will hold a c...
Read more »