Chinese Bank Issues $1.3 Billion Securities via Blockchain Amidst Cryptocurrency Crackdown

China Turns to Blockchain to Leverage the Existing Charity Tracking System

Making use of its proprietary blockchain platform, China’s Bank of Communications (BoCom) has issued residential mortgage-backed securities (RMBS) worth 1.3 billion USD, per a report published by China Money Network, dated September 28, 2018. Blockchain Shooting up to the Moon The RMBS issued by the state-owned commercial bank have the China International Capital Corporation as its lead underwriter and book…The post by Aisshwarya Tiwari appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News

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