FILE PHOTO: People walk past the China Bank headquarters building in central Beijing October 15, 2008. REUTERS/David Gray (CHINA)
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.
Reporting by Samuel Shen and Brenda Goh in Shanghai; Editing by Sonya Hepinstall