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Bitpush China Blockchain Review

Yihan Xia

Summary: Director of the Payment and Settlement Department of the People's Bank of China: The bank has a leading group responsible for ICU and cryptocurrency. According to Sina Finance, the "2019 Lujiazui Forum" was held in Shanghai from June 13th to 14th. Wen Xinxiang, the Director of the Payment and Settlement Department of the People's Bank ...

Director of the Payment and Settlement Department of the People's Bank of China: The bank has a leading group responsible for ICU and cryptocurrency.

According to Sina Finance, the "2019 Lujiazui Forum" was held in Shanghai from June 13th to 14th. Wen Xinxiang, the Director of the Payment and Settlement Department of the People's Bank of China, said that the bank has a special leading group that is responsible for ICU and cryptocurrency.

President of China Construction Bank: Commercial banks use technologies such as blockchain to develop inclusive finance has become an irreversible trend

According to the Beijing News, Liu Guiping, the president of China Construction Bank, said that in the era of digital economy, commercial banks using the internet, big data, artificial intelligence. Cloud computing and the blockchain to developing inclusive finance has  become  an irreversible trend.

Liu Yanhua, former deputy minister of the Ministry of Science and Technology: blockchain technology will be able to enter the financial system soon

According to the Economic Observer, Liu Yanhua, the former deputy minister of the Ministry of Science and Technology and the State Council Counselor said, "It has to mention blockchain technology will enter the financial system soon. The basic characteristics of Blockchain technology are distributed and traceable. The overall rules of the blockchain are discussed by segment or sub-regional. Its decision-making is not from the top to the bottom, but through balanced sharing and inclusive sharing. Now, the technology are basically relatively mature, and it is the time to transfer it to the financial system.”

National electronic contract platform launches the function of blockchain deposit certificate 

Recently, the National Internet Emergency Center upgraded the national electronic contract platform. It officially launched the blockchain depositing function to prove the electronic contract cannot be tampered with during the deposit.

Beijing News: Beijing launched a rectification campaign against suspected illegal fundraising in the name of “blockchain” and “cryptocurrency”

According to the Beijing News, illegal fund-raising activities have been characterized by "internet across the Internet" recently. There are high frequent illegal cases in the internet financial. Some people use in the name of  "blockchain", "cryptocurrency" and "household for the elderly" to raising activities carried out illegal fund-raising. Those activities damaged the benefit of the people. 

Author: Yihan Xia

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