The Digital Currency Research Lab of the People’s Bank of China (PBoC) is further expanding its ongoing research efforts to several cities outside of Beijing to encourage deployment of fintech, including blockchain, in real-life projects. According to a report on Wednesday from local financial news source Securities Times, the lab has launched a fintech center in Nanjing, the capital city of the eastern Jiangsu province, in partnership with the municipal government. The goal is to apply technologies developed by the lab in pilot programs with banks and academic institutions such as the…
PBoC’s Digital Currency Lab Launches New Research Center
