File photo: Bank of China headquarters. Bank of China (BOC) is one of the big four state-owned commercial banks of China. Image: Shutterstock

Commercial banks should step up their application of blockchain technology to embrace digital finance, a Chinese central bank official said on Monday.

Li Wei, head of the People’s Bank of China’s technology department, made the comments at a forum in Shanghai. Last week, Chinese President Xi Jinping said the country’s development of blockchain technology should be sped up.

Reuters | SHANGHAI 


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