RATE Group | China Launches Blockchain Push Growing Country’s Worrying Influence Over Cryptocurrency
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China Launches Blockchain Push Growing Country’s Worrying Influence Over Cryptocurrency

29 Oct China Launches Blockchain Push Growing Country’s Worrying Influence Over Cryptocurrency

Posted at 15:00h in Cryptocurrency News by

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China has embarked on a pro-blockchain push and is making moves towards creating state sanctioned cryptocurrency and blockchain solutions a reality in the country.

Last week, Chinese President Xi Jinping made a speech about wanting to invest more into blockchain and cryptocurrency technology. The Standing Committee of the 13th National People’s Congress then backed this speech with a new law that while not mentioning cryptocurrency directly, “encourages and supports the research and application of the science and technology in cryptography and protects the intellectual property rights in cryptography”.

Additionally, the Chinese Communist Party’s Propaganda Office also recently implemented “The Heart of the Chain” so party members can record their pledge to the communist party on the blockchain as an…

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