China's major financial institutions sent a clear message to innovators in the blockchain industry today, asserting that governance and oversight should not be replaced in any larger transitions to new financial technology.
Speaking at the second annual Global Blockchain Summit in Shanghai, the Shanghai Clearing House (SHCH), the China Securities Depository and Clearing Corporation (CSDC) and the National Internet Finance Association’s Blockchain Research Task Force all discussed how they see the emergence of blockchain technology and its potential impact in China.
Leading the conversation was Lihui Li, of the blockchain research task force and the former director of Bank of China, who perhaps most forcefully struck this tone.
http://www.coindesk.com/china-financial-regulators-blockchain-mature/
Topic: [2016-09-23] China's Financial Firms Urge Regulators to Help Mature Blockchain (Read 239 times)
September 23, 2016, 12:14:27 AM
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