financial organizations have started to show interest in exploring the potential of blockchain technology. This technology, which underlies cryptocurrencies like Bitcoin, has the potential to revolutionize various industries by providing a secure and transparent way to record and verify transactions. Central banks are particularly interested in using blockchain technology to improve the efficiency and security of their payment systems. Major financial organizations are also exploring the use of blockchain for various purposes, such as improving the speed and accuracy of cross-border transactions, reducing fraud, and enhancing the overall transparency of financial transactions. While there are still concerns and regulatory challenges to overcome, the growing interest in blockchain technology by these institutions indicates its potential to disrupt and transform the financial industry in the future.
HomeDIGITAL ASSETS REGULATORYbis_asset_updateExploring the Dominance of Blockchain: Observations from the ABS Industry in China