Although China banned all cryptocurrency transactions in September 2021, that does not take away from the adoption of blockchain technology more widely in the country for alternative functions. The state has actually supported some blockchain firms, helping them to explore use cases in fields like medicine and energy. President Xi Jinping called upon China to adopt distributed ledger technologies in October 2019.
Related posts
-
Legendary Boxer Mike Tyson Joins Blockchain Social Network
Boxing legend Mike Tyson has become an ambassador for... -
Bitcoin Blockchain Has Fourth ‘Halving’ in 15-Year History, in Show of BTC Monetary Policy Set by Code
Unlike traditional, or fiat, currencies, whose value has historically been eroded by inflation and government printing,... -
Top Crypto Exchange Binance Converts $1,000,000,000 Secure Asset Fund From Bitcoin and BNB to Stablecoin USDC
Binance has converted all of the crypto in its $1 billion emergency insurance fund into the...