Foreign exchange bureau: four aspects of research to promote the construction of new scenarios for cross-border blockchain platforms

On December 2nd, Zhang Xin, deputy director of the State Administration of Foreign Exchange, wrote that the State Administration of Foreign Exchange will focus on the following four aspects to study and promote the construction of new scenarios for cross-border blockchain platforms. The first is to promote the electronic application of tax filing for service trade and improve the level of cross-border payment facilitation of service trade. The second is to introduce relevant certificates for the use of capital account funds, to interactively verify the authenticity and compliance of banks and enterprises in the payment business, effectively prevent the risks of capital account income payment facilitation business, and support capital account income payment facilitation reform. The third is to study and promote the application of trade finance service application scenarios on the import side to further promote the healthy development of trade finance. The fourth is to support the construction of new land and sea corridors in the west, promote the access to information on local logistics platforms, enrich the logistics information of trading companies, and facilitate the cross-border settlement and financing of trading companies.