China looks to expand blockchain pilot

China looks to expand blockchain pilot

China is expanding its blockchain cross-border financing pilot, the country’s officials have said at a forum recently.

Reuters has reported that Lu Lei, the country’s deputy head of the State Administration of Foreign Exchange (SAFE) spoke during a forum in Beijing, where he said the institution will strengthen the integration between fintech and the foreign exchange market.

At the same time, the institution will also oversee the development of new technologies.

By Sead Fadilpašić

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