#statecouncilcallsfornationalblockchainnetwork
BREAKING: China’s State Council Calls for National Blockchain Network
In a major policy initiative aimed at accelerating digital transformation, China’s State Council and the Central Committee have officially released a comprehensive policy blueprint calling for the establishment of a nationwide integrated blockchain network.
📊 Key Takeaways:
🏗️ Infrastructure Push: The plan outlines 19 key measures to build a national blockchain infrastructure alongside a unified computing-power grid.
🏭 Focus on the Real Economy: The system will prioritize digital industrialization, smart manufacturing, and modernizing traditional enterprise sectors.
🚫 Crypto Ban Remains Strict: Despite heavy state-level investment in blockchain technology, Beijing reaffirmed its stance: public, permissionless cryptocurrencies (like Bitcoin) and crypto trading remain strictly banned in mainland China.
💰 Focus on e-CNY: Development will continue to center on sovereign, state-backed digital infrastructure and the Digital Yuan (e-CNY).
⚠️ Note: This initiative reflects enterprise/governmental blockchain infrastructure development and is distinct from private cryptocurrency markets.
BREAKING: China’s State Council Calls for National Blockchain Network
In a major policy initiative aimed at accelerating digital transformation, China’s State Council and the Central Committee have officially released a comprehensive policy blueprint calling for the establishment of a nationwide integrated blockchain network.
📊 Key Takeaways:
🏗️ Infrastructure Push: The plan outlines 19 key measures to build a national blockchain infrastructure alongside a unified computing-power grid.
🏭 Focus on the Real Economy: The system will prioritize digital industrialization, smart manufacturing, and modernizing traditional enterprise sectors.
🚫 Crypto Ban Remains Strict: Despite heavy state-level investment in blockchain technology, Beijing reaffirmed its stance: public, permissionless cryptocurrencies (like Bitcoin) and crypto trading remain strictly banned in mainland China.
💰 Focus on e-CNY: Development will continue to center on sovereign, state-backed digital infrastructure and the Digital Yuan (e-CNY).
⚠️ Note: This initiative reflects enterprise/governmental blockchain infrastructure development and is distinct from private cryptocurrency markets.