China’s Central Bank Reports on Fintech

China’s central bank provided its insight on fintech development initiatives for the country in a recent press conference; the press conference included four of the central bank’s government officials including Zhou Xiaochuan, governor of the People’s Bank of China; the central bank reported that it encourages and supports fintech development in the country; it spoke about some of its initiatives including a digital currency and other new blockchain solutions; it also noted its work to strengthen regulation specifically in the areas of unlicensed businesses and third-party payment platforms.  Source

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