People’s Bank of China Launches Research Institute to Study Blockchain Technology

By Timothy Sohn Jan 30, 2017 8:11 PM EST

(Coinspeaker) – Hardly had Li Wei, a department of technology director at People’s Bank of China, unveiled plans to actively examine and explore blockchain last week. Then, the central bank of China announced the official launch of a digital currency research institute. The PBoC came up with the idea of a research institute focused on researching blockchain and digital currencies to fully explore the potential of the technology, test and adopt it to the Chinese financial scene.

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