Quote of the Day: Xi endorses crypto

[timelets]

Chinese President Xi Jinping has urged increased efforts to speed up development in this sector, underscoring the important role of blockchain technology in the new round of technological innovation and industrial transformation.
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Li Wei, director of the Science and Technology Department of the People's Bank of China, the country's central bank, called for an in-depth study of blockchain technology during the Bund Summit in Shanghai on Monday.

Blockchain has great potential to boost digital innovation, he said. "We need to promote the deep integration of blockchain and the real economy to resolve problems like small businesses having difficulty in obtaining loans, banks having difficulty in risk control and government agencies having difficulty in supervision," he said.


http://www.globaltimes.cn/content/1168159.shtml