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China rushes to embrace blockchain with Facebook’s Libra just around the corner

Summary:
[unable to retrieve full-text content]China is looking to apply blockchain and artificial intelligence technologies in cross-border financing and settlement as part of a broad strategy to remain competitive in the era of digital finance, a senior Chinese foreign exchange regulator said on Sunday.Lu Lei, a deputy head of the State Administration of Foreign Exchange (Safe), the capital flows watchdog, told a forum in Shanghai that Facebook’s plan to launch Libra, a potential “global currency”, had stirred huge interest in future…

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[unable to retrieve full-text content]
China is looking to apply blockchain and artificial intelligence technologies in cross-border financing and settlement as part of a broad strategy to remain competitive in the era of digital finance, a senior Chinese foreign exchange regulator said on Sunday.Lu Lei, a deputy head of the State Administration of Foreign Exchange (Safe), the capital flows watchdog, told a forum in Shanghai that Facebook’s plan to launch Libra, a potential “global currency”, had stirred huge interest in future…

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