China Trialling DLT Financial Platform Supported by Central Bank

  • Yuri Molchan
    📰 News

    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

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.

Cover image via u.today
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About the author

Yuri has worked in crypto since 2017. A translator, quickly became a crypto enthusiast. He has worked for several Telegram channels covering cryptocurrencies. Currently is a news writer, covering crypto and blockchain-related topics.

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