KONTAN.CO.ID - SHANGHAI. China is studying the application of blockchain and artificial intelligence in cross-border financing with a focus on risk management, and will further liberalise its capital markets, a senior foreign exchange regulator said on Sunday. The comment by Lu Lei, a deputy head of the State Administration of Foreign Exchange (SAFE), comes as Facebook's plan for its Libra digital currency project stirs global interest in the sector. Lu said that amid heated discussions around Libra globally, SAFE is promoting the application of financial technology and artificial intelligence (AI) in cross-border trade finance, as well as in macro prudential management.
China is studying blockchain application for forex
KONTAN.CO.ID - SHANGHAI. China is studying the application of blockchain and artificial intelligence in cross-border financing with a focus on risk management, and will further liberalise its capital markets, a senior foreign exchange regulator said on Sunday. The comment by Lu Lei, a deputy head of the State Administration of Foreign Exchange (SAFE), comes as Facebook's plan for its Libra digital currency project stirs global interest in the sector. Lu said that amid heated discussions around Libra globally, SAFE is promoting the application of financial technology and artificial intelligence (AI) in cross-border trade finance, as well as in macro prudential management.