CHINA TOPIX

Banks Are Not Yet Ready to Embrace Bitcoin Blockchain Technology

Phenny Lynn Palec   |

Jun 30, 2016 06:59 AM EDT

BTCC, one of the very first Bitcoin exchanges in China, recently doused the growing interest of banks to adopt the blockchain technology integrated with the digital currency system. While China is slowly easing up its regulations regarding digital cryptocurrencies, tech and financial experts agree that blockchain has no significant application in financial institutions.