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Sunday, 27 October 2019

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

October 28, 2019

SHANGHAI (Reuters) – 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.

(Reporting by Samuel Shen and Brenda Goh in Shanghai; Editing by Sonya Hepinstall)

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