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Bank of China Unleashes Regulation Pilot Program Beyond Beijing

The Bank of China is expanding its fintech innovation regulatory project to six new cities. So reports Cointelegraph.

china 156219 640smallThe project launched last year in Beijing. According to the article, the pilot program will now include Shanghai, Shenzhen, Chongqing, Hebei Xiong'an New District, Suzhou and Hangzhou.

“The bank believes fintech innovation projects under regulation will continue to protect consumer’s rights. At the same time, it will also help small and micro private enterprises to go through financing difficulties during the pandemic,” according to the article.

Read the full article from Cointelegraph.

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