Trends Report

China Is Encouraging The Use Of Blockchain, Which Will Drive Rapid Uptake; Financial Services Firms Will Lead

November 4th, 2019

Summary

China’s top leadership is sending a strong message that firms and institutions should accelerate their investments in blockchain technologies. 2020 will see the rapid adoption of blockchain technologies in China to augment or expand digital ecosystems. Financial services will be at the forefront of innovation; People's Bank of China will be the first central bank in the world to launch a national digital currency.

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