An order for China to create a National Innovation Center for Blockchain Technologies with a method of developing its capabilities and broad integration. Let me know about you South China Morning Post.
For the sake of knowledge, the center is based in Beijing and is connected with a number of international universities, as well as focused on analytical companies in the field of blockchain. The results of the work are planned to be won by the further digitalization of the PRC.
Former member of the Financial and Credit Policy Committee of the People’s Bank of China (PBC) Huang Yiping naming blockchain technologies valuable for financial systems. On the other hand, the government of the country can protect the old legacy of the fence of cryptocurrency.
Context. In the spring of 2021, the NBK announced a joint statement with nine government agencies classifying transactions with digital assets as illegal financial activities.
At the fierce fate of 2022 China having put in the effort criminal liability for illegally obtaining coins from cryptocurrencies. Water Hour Shanghai High Court recognizing bitcoin as a virtual asset with economic value, protected by legislation.
Big BitMEX CEO Arthur Hayes knows China May we turn around into the field of digital assets through Hong Kong.