Tuesday, December 24, 2019 2:05 a.m. CST SHANGHAI (Reuters) - China will increase the scop
SHANGHAI (Reuters) – China will increase the scope of its blockchain cross-border financing pilot platform, a senior official on the nation’s international alternate regulator stated on Tuesday.
Lu Lei, deputy head of the State Administration of International Change (SAFE) make his remarks at a discussion board in Beijing, the place he stated the regulator will strengthen the combination of fintech and the international alternate market, whereas sustaining a grip on supervising know-how growth.
“We’ll regularly increase the scope of the pilot and the appliance eventualities of blockchain know-how in cross-border financing and macro prudential administration,” Lu stated.
“On the identical time, (the federal government) will push ahead a potential research on international alternate reforms to take care of cryptocurrency and discover the development of the international alternate regulation and know-how system below the brand new scenario.”
Lu added that the SAFE’s cross-border financing blockchain platform is at the moment the one one registered by a central state company on the Our on-line world Administration of China (CAC).
The platform, first launched in March, has expanded to 19 provinces and cities in November from 9, in response to International Instances, a newspaper revealed by the official Individuals’s Day by day.
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