PBOC Reveals Plan to Increase Blockchain, Fintech Investment

Blockchain technology

A Chinese local press reported that the People’s Bank of China (PBOC) has planned to increase the investment in the Fintech innovation and blockchain technology. The Chief Information Officer (CIO), Liu Qiuwan explained, “Bank of China has 11 patent applications for blockchain, ranking 20th in the global business and ranking first in the domestic banking industry.”

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