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𝕏xCN BusinessCrypto first seen 5 d ago, last 5 d ago, peak #6

China announces plans for a national blockchain

Original: JUST IN: China unveils plans to build a “national blockchain.”

China has unveiled plans to build a national blockchain, according to the announcement circulating widely. Details of the project, including its scope, timeline, and whether it involves a digital currency or government data infrastructure, have not yet been made clear. Observers are watching to see how the initiative fits with China's existing digital yuan work and its tight controls on cryptocurrency.

Why now: The announcement is brand new and touches on China's technology policy and cryptocurrency regulation, prompting wide speculation.

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