#statecouncilcallsfornationalblockchainnetwork
🇨🇳 China wants a national blockchain network — but this isn't a Bitcoin policy reversal.
On October 9, China’s State Council and Central Committee called for a nationwide integrated computing network alongside a national blockchain network.
The focus is on infrastructure, not speculation.
The initiative targets real-world uses like smart manufacturing, supply-chain tracking, tax-data sharing and enterprise lending, while connecting blockchain with AI computing hubs and digital yuan settlement.
But there's an important distinction: building blockchain infrastructure doesn't mean legalizing public crypto trading. China’s strict restrictions remain in place.
The bigger picture? Governments can embrace blockchain technology while taking a very different approach to decentralized networks.
Will the future be shaped more by state-controlled blockchain rails or permissionless networks like $BTC and $ETH?
#blockchain #Bitcoin #Ethereum #Crypto #china
🇨🇳 China wants a national blockchain network — but this isn't a Bitcoin policy reversal.
On October 9, China’s State Council and Central Committee called for a nationwide integrated computing network alongside a national blockchain network.
The focus is on infrastructure, not speculation.
The initiative targets real-world uses like smart manufacturing, supply-chain tracking, tax-data sharing and enterprise lending, while connecting blockchain with AI computing hubs and digital yuan settlement.
But there's an important distinction: building blockchain infrastructure doesn't mean legalizing public crypto trading. China’s strict restrictions remain in place.
The bigger picture? Governments can embrace blockchain technology while taking a very different approach to decentralized networks.
Will the future be shaped more by state-controlled blockchain rails or permissionless networks like $BTC and $ETH?
#blockchain #Bitcoin #Ethereum #Crypto #china