‘World’s manufacturing hub’ country had planned to run Pilot projects with the motive of blockchain development across the region
Till July 2021, China was producing up approx 28.7% of global manufacturing output
Earlier, the dragon country have banned Crypto and its operation related to trading and mining
Now the country is seeking grounds for blockchain development for various operations in different fields
In September 2021, Chinese regulators put a complete ban on crypto trading and mining inside the country. Reflection of the step seen when Bitcoin and the crypto market have experienced a downfall. That happened because of the fact that China was among the top Bitcoin mining countries back then.
Although it didn’t embrace Crypto, the country is looking forward to adopting the tech behind Crypto, Blockchain technology, for different areas and its working departments.
China’s plan for Blockchain adoption
The Central Internet regulator and control agency, Cyberspace Administration...
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