šØš³ FLASH POLICY TELEMETRY: CHINA ROLLS OUT TOP-LEVEL DIRECTIVE TO BUILD NATIONAL BLOCKCHAIN INFRASTRUCTURE
The Central Committee of the CCP and the State Council have jointly issued a high-level strategic directive containing 19 core measures to construct a unified national blockchain infrastructure, officially integrating it into the upcoming 15th Five-Year Plan.
Key Mandates & Practical Scope:
1. Sovereign Real-Economy Focus: The national distributed network is engineered specifically for decentralized digital identity (DID), verifiable trade logistics, programmable digital yuan (e-CNY) clearing, and enterprise supply chain traceability.
2. Mega-Compute Grid Integration: The network will be directly linked with China's national cross-regional computing power clusters (Eastern Data, Western Computing project).
3. STRICT CLARIFICATION ā Zero Cryptocurrency Legalization:
This initiative establishes a state-backed, permissioned consortium ledger ecosystem. The comprehensive regulatory ban on decentralized cryptocurrency trading, private token issuance, and speculative public chain transactions remains strictly unchanged.
Market Microstructure & Reaction Watch:
ā¢ Macro Spillover: Global digital asset markets (BTC & ETH) are digesting the structural divergence between state-sponsored technological adoption and continuous retail speculative restrictions.
ā¢ 'China Narrative' Volatility: Traders are monitoring liquidity rotation across high-beta China narrative tokens for temporary speculative momentum versus long-term fundamental invalidation.
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