🚀 BREAKING: China Calls for National Blockchain Network – But NOT Bitcoin!
China's Communist Party Central Committee and State Council issued a massive 19-measure policy on October 9, officially calling for a National Blockchain Network and a National Integrated Computing Power Network.
Published by Xinhua, the plan places blockchain alongside manufacturing upgrades and national data infrastructure to deeply integrate the digital and real economy.
The goal?
State-controlled efficiency. The policy pushes data ownership rules, data-market pilots, cross-border data flow mechanisms, and blockchain-based tax-data sharing for bank lending.
It even connects with the Digital Yuan expansion – PBOC just increased operators from 22 to 30 banks.
Crucial point: The document offers zero support for Bitcoin or any independent cryptocurrency. Crypto ban stays.
This is blockchain for control, not decentralization. Bullish for enterprise chains like VeChain?
$CFX $VET $NEO
#ChinaBlockchain #NationalBlockchain #StateCouncil #DigitalEconomy #CryptoNews#statecouncilcallsfornationalblockchainnetwork
China's Communist Party Central Committee and State Council issued a massive 19-measure policy on October 9, officially calling for a National Blockchain Network and a National Integrated Computing Power Network.
Published by Xinhua, the plan places blockchain alongside manufacturing upgrades and national data infrastructure to deeply integrate the digital and real economy.
The goal?
State-controlled efficiency. The policy pushes data ownership rules, data-market pilots, cross-border data flow mechanisms, and blockchain-based tax-data sharing for bank lending.
It even connects with the Digital Yuan expansion – PBOC just increased operators from 22 to 30 banks.
Crucial point: The document offers zero support for Bitcoin or any independent cryptocurrency. Crypto ban stays.
This is blockchain for control, not decentralization. Bullish for enterprise chains like VeChain?
$CFX $VET $NEO
#ChinaBlockchain #NationalBlockchain #StateCouncil #DigitalEconomy #CryptoNews#statecouncilcallsfornationalblockchainnetwork