People’s Bank of China Acquires $4.7 Million in Funding to Further Develop Blockchain-based Trade Finance Platform
The People’s Bank of China (PBoC) has reportedly acquired 32.35 million RMB (appr. $4.7 million) in special funding in order to finance the ongoing development of its blockchain or distributed ledger technology (DLT)-enabled trade finance platform. The funding, which will be gradually injected during a… Read More
Read more in: Blockchain & Digital Assets, Asia, Global | Tagged china, distributed ledger technology, dlt, hong kong monetary authority, pboc, peoples bank of china, sme's, trade finance