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Bloomberg
A senior Chinese foreign-exchange regulatory official called for “special attention†to be paid to blockchain as the nation looks to gain advantages from digital finance.
The State Administration of Foreign Exchange is looking to use blockchain and artificial intelligence in cross-border trade finance and macro-prudential regulation, Lu Lei, deputy director of the regulator, said at the Bund Summit in Shanghai.
The comments come after President Xi Jinping called to “keep our country at the very forefront†of blockchain technology in the search for industrial advantages, reported by Xinhua News Agency.
China’s central bank said a few months ago it was “close†to issuing a digital currency as technology giants including Facebook try to enter the market.