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Forex Regulator of China Develops a Blockchain Pilot For Trade Finance Solution

State Administration of Foreign Exchange (SAFE), the regulator of foreign exchange reserves, is now preparing itself for setting up its cross-border blockchain for trade finance. News on the development was provided by CNStock, a local financial news agency, on 24 April 2019. It has been built in collaboration with the Hangzhou Blockchain Technology Research Institute….

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Can Blockchain Cut Foreign Exchange Transaction Time?

Ever since 2009 when Bitcoin surfaced as an alternative to fiat currency, the era of digital financial revolution swirled. With the rise of Bitcoin, we also got to know about Blockchain, a platform that aids the exchange of money in the virtual world. Blockchain allows easy and quick exchange of money. This is a digital…