Technology Other News 07 Nov 2018 China to strengthen ...

China to strengthen supervision on blockchain-related financing, investment

REUTERS | DECCAN CHRONICLE
Published Nov 7, 2018, 11:19 am IST
Updated Nov 7, 2018, 11:21 am IST
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.

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