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  Technology   In Other news  07 Nov 2018  China to strengthen supervision on blockchain-related financing, investment

China to strengthen supervision on blockchain-related financing, investment

REUTERS
Published : Nov 7, 2018, 11:21 am IST
Updated : Nov 7, 2018, 11:21 am IST

Market manipulation and other irregularities in blockchain-related investment and financing are common in the country.

The Chinese government should strengthen supervision to fend off financial risks.(Photo: Pixabay)
 The Chinese government should strengthen supervision to fend off financial risks.(Photo: Pixabay)

China’s central bank said bubbles in blockchain financing are apparent, and that the government should strengthen supervision to fend off financial risks.

Speculation, market manipulation and other irregularities in blockchain-related investment and financing are common in the country, the central bank said in a working paper released on Tuesday.

 

(Source)

Tags: blockchain, china