29 Jan '17, 4pm

China Launches Research Institute to Study Bitcoin and Test Blockchain

People’s Bank of China (PBoC) is officially launching a digital currency research institute on Jan. 29, one day after the celebration of the Chinese Lunar New Year. In an interview with a national newspaper China Securities Journal earlier this week, PBoC department of technology director Li Wei revealed the plans of PBoC to actively examine and explore Blockchain technology. Specifically, Wei stated that the central bank of China is interested in the ability of Blockchain technology to settle real-time transactions in a secure, cheap and efficient ecosystem of peer-to-peer users. To test and experiment with Blockchain technology in real-life scenarios , Wei announced that the PBoC is looking to form a research institute focused on researching Blockchain and digital currencies to ensure the potential of Blockchain technology is fully maximized within the Chinese financial ...

Full article: https://cointelegraph.com/news/china-launches-research-in...

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