PBOC Develops Blockchain System to Digitise Paper Checks

Central bank to reduce fraud by tokenising checks with blockchain and having operations conducted by smart contracts; new system will remove manual cross-checking process, shorten transaction times to about 3 seconds.

To continue reading...

Get access to Regulation Asia

Regulation Asia delivers the latest news, research and analysis on regulation across banking and capital markets.

Sign up for a free trial or subscribe now. Please click on one of the buttons below.

Free Trial Subscribe

To discuss our subscription options
please email subscriptions@regulationasia.com

To Top