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China Trialling DLT Financial Platform Supported by Central Bank

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Wed, 5/09/2018 - 15:04
China Trialling DLT Financial Platform Supported by Central Bank
Cover image via U.Today
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The DLT platform is constructed for conducting financial operations, trading and increasing the scale and amount of deals between banking institutions.

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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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