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China Looks Into Blockchain And AI For Cross-Border Financing

Ramsey Baker

Summary: China has been studying the application of blockchain and Artificial Intelligence for cross-border financing, according to Reuters. The work will have a focus on both risk management and liberalizing capital markets, according to the Deputy head of the Chinese State Administration of Foreign Exchange (SAFE) Lu Lei. Lei made it a point to say that ...

China has been studying the application of blockchain and Artificial Intelligence for cross-border financing, according to Reuters.

The work will have a focus on both risk management and liberalizing capital markets, according to the Deputy head of the Chinese State Administration of Foreign Exchange (SAFE) Lu Lei.

Lei made it a point to say that SAFE promotes the application of fintech and AI to international finance and macro-prudential management.

By Ramsey Baker

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