Chinese central bank warns government of risky blockchain investments.

Global Banking News-November 7, 2018--Chinese central bank warns government of risky blockchain investments

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Global Banking News - 07 November 2018

The Chinese central bank has called on the nation's government to focus on speculative financing involving blockchain.

The apex bank called on the government to strengthen supervision of the sector. The central bank's research arm is believed to be studying the impact of blockchain and has specifically called on agencies not exaggerate the function of blockchain.

According to CCN.com, a central bank working paper reads, 'Currently, the bubble in the blockchain investment and financing sector is...

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