China's tax authority urges banks to implement blockchain for lending services
Burns Brief
China’s leading tax and financial authorities are urging banks to incorporate blockchain technology to bolster their credit facilities and data transparency The news has rattled market participants, with bears looking to push prices lower while bulls attempt to defend key support levels. Watch for volume confirmation — a breakout above average volume would signal the trend is likely to continue.
China’s leading tax and financial authorities are urging banks to incorporate blockchain technology to bolster their credit facilities and data transparency.
Key Takeaways
- China’s leading tax and financial authorities are urging banks to incorporate blockchain technology to bolster their credit facilities and data transparency