China Business Journal: Blockchain will Bring More Development Room to Billing Market Regulation

[ChainDD report] April 15 (ChainDD) Commenting and Analyzing a president of branch of Qujing City Commercial Bank illegal and privately offering hundreds of billions of yuan of bill discounting, a report of China Business Journal, one of the first economic newspaper published in the People's Republic of China, said the billing business is popular among enterprises and banks for its relatively low cost, short operating time and low risks, but with the rapid development of such business, the supporting services and regulation of this market are still undeveloped, so the accumulated risks are exposing. The report expects billing business market will have more development room driven by blockchain and other fintech.

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