Risk Warning: Beware of illegal fundraising in the name of 'virtual currency' and 'blockchain'. — Five departments including the Banking and Insurance Regulatory Commission
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Shanghai Municipal Party Secretary Chen Jining: Relying on blockchain technology to establish a financial risk monitoring and early warning system to guide more financial institutions to use the blockchain
2hours ago

Odaily Planet Daily reports that Shanghai Municipal Party Secretary Chen Jining, while visiting the Shanghai headquarters of the People's Bank of China, emphasized the need to seize opportunities presented by digitalization and intelligentization to jointly promote financial innovation and transformation. He emphasized optimizing and improving regulatory systems and working mechanisms, clarifying risk control requirements and entry standards, and supporting the development and in-depth application of multi-agent technologies. He emphasized guiding more financial institutions to integrate and utilize blockchain technology, and jointly developing supply chain finance based on a secure and reliable credit system. He emphasized establishing a financial risk monitoring and early warning system based on blockchain technology to better prevent and mitigate risks in key areas. (People's Bank of China Shanghai Headquarters Official Account)