🇨🇳 CHINA CALLS FOR A NATIONAL BLOCKCHAIN NETWORK
Beijing just published a 19-measure policy on Oct 9, carried by Xinhua, calling for a nationwide blockchain network plus an integrated computing power network. The goal is to plug blockchain into manufacturing, banking, and data infrastructure as part of its "new quality productive forces" push.
Here's the catch: the crypto ban stays completely untouched. $BTC and digital asset trading never appear anywhere in the text. Beijing still loves the chain, just not the coin.
This follows the earlier pattern: the state-backed BSN launched in 2020, tax authorities encouraging blockchain for tax data sharing this year, and digital yuan operators now up to 30.
Good news for blockchain adoption, or just another state-controlled rails project that permissionless crypto will never touch? 👇
Not financial advice. DYOR.
#crypto #blockchain #China #regulation #adoption
Beijing just published a 19-measure policy on Oct 9, carried by Xinhua, calling for a nationwide blockchain network plus an integrated computing power network. The goal is to plug blockchain into manufacturing, banking, and data infrastructure as part of its "new quality productive forces" push.
Here's the catch: the crypto ban stays completely untouched. $BTC and digital asset trading never appear anywhere in the text. Beijing still loves the chain, just not the coin.
This follows the earlier pattern: the state-backed BSN launched in 2020, tax authorities encouraging blockchain for tax data sharing this year, and digital yuan operators now up to 30.
Good news for blockchain adoption, or just another state-controlled rails project that permissionless crypto will never touch? 👇
Not financial advice. DYOR.
#crypto #blockchain #China #regulation #adoption