China’s top leadership has proposed building a national blockchain network as part of a new economic blueprint, listing it as one of 19 measures while warning officials against creating bubbles or becoming detached from the real economy. According to BeInCrypto, the document makes no mention of Bitcoin or other cryptocurrencies, and it does not specify whether the existing state-backed system, BSN, will be incorporated into the new network.

The policy was issued by the Communist Party of China Central Committee and the State Council on October 9. Follow-up work will be led by the Central Financial and Economic Affairs Commission and the National Development and Reform Commission. Cryptocurrency trading remains illegal in mainland China, while the central bank reiterated in August that it would steadily develop the digital yuan.