News China central bank official says commercial banks should step...

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

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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.

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