A Chinese central bank official has urged commercial banks to step up their application of blockchain technology, following Xi Jinping's lead.
China wants to embrace blockchain, the technology that verifies cryptocurrency transactions. An official from China's state bank urged the country's commercial banks to"step up their application" of blockchain and"embrace digital finance." The official's remarks come after Chinese President Xi Jinping said China must make"greater effort" to develop and apply blockchain technologies and gain an"edge over other major countries.
China wants to embrace blockchain, the technology that verifies cryptocurrency transactions. An official from China's state bank urged the country's commercial banks to"step up their application" of blockchain and"embrace digital finance." The official's remarks come after Chinese President Xi Jinping said China must make"greater effort" to develop and apply blockchain technologies and gain an"edge over other major countries.
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