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China's Central Bank Secures $4.7M To Further Develop Blockchain Trade Finance Platform

Roland James

Summary: The People's Bank of China (PBoC) has secured 32.35 million yuan ($4.7 million) in special funding to aid in further developing its blockchain trade finance platform. The funding, which will be injected over a period of three years, is expected to improve the platform for small and medium-sized enterprises (SMEs), by giving them access a ...

The People's Bank of China (PBoC) has secured 32.35 million yuan ($4.7 million) in special funding to aid in further developing its blockchain trade finance platform.

The funding, which will be injected over a period of three years, is expected to improve the platform for small and medium-sized enterprises (SMEs), by giving them access a broader range of financing tools, according to a report from Global Times On Monday, citing Xinhua News Agency.

By Roland James

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