The Chinese government is setting up a blockchain-focused research center to explore industrial applications and major use cases. crypto cryptocurrency
The Chinese government is setting up a national blockchain innovation center in Beijing to focus on industrial applications and major use cases of blockchain technology, particularly those related to the Chinese economy.China’s Ministry of Science and Technology has approved the establishment of a blockchain research center called the National Blockchain Technology Innovation Centre, the government-run newspaper Beijing Daily reported Wednesday.
Despite the country’s anti-crypto stance and ongoing crackdown on crypto-related activities, China has been supportive of development around blockchain technology. In 2019, Chinese President Xi Jinpingblockchain would play “an important role in the next round of technological innovation and industrial transformation.” He called for more efforts to accelerate development in the sector.
a new project last month to implement both stablecoins and central bank digital currencies in cross-border payments. The BSN is backed by entities linked to the Chinese government, including the State Information Center under China’s National Development and Reform Commission .
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