China Trialling DLT Financial Platform Supported by Central Bank

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Yuri Molchan
The DLT platform is constructed for conducting financial operations, trading and increasing the scale and amount of deals between banking institutions
China Trialling DLT Financial Platform Supported by Central Bank
Cover image via U.Today

The DLT platform is constructed for conducting financial operations, trading and increasing the scale and amount of deals between banking institutions.

The trials are initiated by a branch of China’s Central Bank.

Apart from operations with financial assets, the platform can be used as a system, which can help regulators control financial activities.

Owing to the fact that the platform can provide access to sharing data between traders, companies of various sizes can access a big line of financial tools.

The platform also gives Chinese regulators wide opportunities for conducting a full-scale supervision of all operations on the platform and a chance to prevent fraud and scams.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.