The head of Shanghai’s Financial Service Office has called for the legal regulation of blockchain technology the city looks to take the lead in the financial technology sector in China.
Shanghai is aiming to become the leader in the blockchain technology space, according to Zheng Yang, director of the Shanghai Municipal Financial Service Office. The institution is affiliated with the municipal government and is tasked to implement the laws, regulations and required guidelines issued by China’s central government. The financial regulator’s primary mandate includes the development of Shanghai as an international financial center.
Shanghai Targets Fintech Lead in China with Blockchain Regulation
