China’s Forex Regulator Develops Blockchain Trade Finance Solution Pilot

China’s foreign exchange reserve regulator, the State Administration of Foreign Exchange (SAFE), is set to pilot a cross-border trade finance blockchain platform. The news was reported by local financial news agency CNStock on April 24.

According to the report, the development of the platform was initiated by SAFE and completed in collaboration with the Hangzhou Blockchain Technology Research Institute.

The latter, also known as China Banknote Blockchain Tech