China Injects $4.7M Into Central Bank’s Blockchain Trade Finance Platform

The Chinese government has earmarked additional funding for a blockchain-based trade finance platform developed and led by the country’s central bank. The People’s Bank of China (PBoC) is to receive 32.35 million yuan (around $4.7 million) in “special funding” from the government over a three-year period for research and development into the trade initiative, officials […]

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