PBoC Issues Financial Bonds Over its Private Blockchain

Spread the love

TheMerkle PBoC RMBCoinChina remains a very mysterious nation in many different ways. The country is keen on blockchain technology, and the People’s Bank of China is taking things one step further. Earlier this week, the PBoC began issuing financial bonds over the blockchain to small businesses. China’s Blockchain Venture Continues These bonds will serve as SMB loans, adding up to roughly $2.75bn in total.  These bonds are not issued on a public blockchain, but rather infrastructure developed by the PBoC itself. It appears this infrastructure will also be used as the primary blockchain-oriented record keeping service across China.  This news comes a

The post PBoC Issues Financial Bonds Over its Private Blockchain appeared first on The Merkle Hash.

Go to Source

Powered by WPeMatico