China’s national blockchain network is set to be largely completed by 2030. Is this good news for crypto?
On October 23, the Central Cyberspace Affairs Commission issued the 15th Five-Year Plan for National Informatization. It includes the line: “The national blockchain network will be largely completed by 2030.”
Let’s break down the original text into three points:
1. It says to “implement the national blockchain network construction project,” specifically to “accelerate the completion of the central backbone network and promote the connected operation of regional hubs,” along with basic services such as decentralized digital identity. This is infrastructure—not a public blockchain, much less a coin.
2. The named use cases include shipping and trade, government services, taxation, and the green transition and carbon reduction. For regional development, it mentions “blockchain-enabled trade and finance” in the Yangtze River Delta, and “commercial circulation, manufacturing, and agricultural development” in the Chengdu-Chongqing region. Not one of these use cases involves crypto trading.
3. I searched the full plan for “virtual currency,” “cryptocurrency,” and “token” and didn’t find a single mention. The only line related to money says “steadily develop the digital yuan.”
Here’s the blunt truth: Every time the word “blockchain” appears in an official document, someone uses it to spin a story about some coin. The plan says to build a network, not issue a coin. The things that will use this network are customs declarations, tax invoices, and identity credentials—not the altcoins in your wallet.
Here’s something to check for yourself: Can you point to a line in the original text that supports your reason for buying a “national team concept coin”? If you can’t, someone else made it up for you.
How do you think we should view this kind of policy—as infrastructure or as a sentiment-driven narrative? Let’s talk in the comments.
#区块链 #DigitalYuan
On October 23, the Central Cyberspace Affairs Commission issued the 15th Five-Year Plan for National Informatization. It includes the line: “The national blockchain network will be largely completed by 2030.”
Let’s break down the original text into three points:
1. It says to “implement the national blockchain network construction project,” specifically to “accelerate the completion of the central backbone network and promote the connected operation of regional hubs,” along with basic services such as decentralized digital identity. This is infrastructure—not a public blockchain, much less a coin.
2. The named use cases include shipping and trade, government services, taxation, and the green transition and carbon reduction. For regional development, it mentions “blockchain-enabled trade and finance” in the Yangtze River Delta, and “commercial circulation, manufacturing, and agricultural development” in the Chengdu-Chongqing region. Not one of these use cases involves crypto trading.
3. I searched the full plan for “virtual currency,” “cryptocurrency,” and “token” and didn’t find a single mention. The only line related to money says “steadily develop the digital yuan.”
Here’s the blunt truth: Every time the word “blockchain” appears in an official document, someone uses it to spin a story about some coin. The plan says to build a network, not issue a coin. The things that will use this network are customs declarations, tax invoices, and identity credentials—not the altcoins in your wallet.
Here’s something to check for yourself: Can you point to a line in the original text that supports your reason for buying a “national team concept coin”? If you can’t, someone else made it up for you.
How do you think we should view this kind of policy—as infrastructure or as a sentiment-driven narrative? Let’s talk in the comments.
#区块链 #DigitalYuan
