After Banning Cryptocurrencies, China Set To Release A Blockchain National Standard In 2022

After Banning Cryptocurrencies, China Set To Release A Blockchain National Standard In 2022
фото показано с : zycrypto.com

2021-10-30 11:04

China places blockchain technology at the top of its list and plans to unveil a national standard for its adoption.The goal of this is to export the Chinese-made blockchain standards to other regions of the world.China’s relationship with blockchain tech has been rocky in the past and reached a heightened pitch following its outright ban of cryptocurrencies.

China’s recent antics show it loves blockchain but loathes cryptocurrencies. The country is plotting a blanket policy for the nationwide adoption of the novel technology.

Blockchain, Not Cryptocurrencies

The China Electronics Standardization Institute has revealed that it will issue a national standard for the adoption of blockchain technology. This was revealed by a top-ranking official of the institute to news platform, Chuanguan. The technology standardization body’s plans are in line with the broader plans of the government concerning the novel technology.

Li Ming, a director at the Blockchain Research Office revealed that a draft is already in place and the next process is to seek approval for it. Lini argues that standardization is necessary for the industry as it offers uniformity and greater collaboration amongst manufacturers. According to several sources, the reason for the framework and advancements in blockchain tech is for the government to export Chinese-made blockchain products globally.

In recent months, blockchain has been elevated to the same level as Artificial Intelligence, Big Data, and cloud computing by the government in its Five Year Plan. In 2020, a blockchain standard was created for financial applications by the International Telecommunications Union in conjunction with the People’s Bank of China.

Given that one ethos of blockchain tech is its permissionless nature, China’s increasing regulation has left several analysts scratching their heads.

China’s Stance On Cryptocurrencies

China’s outright cryptocurrency ban left a sour taste in the mouths of miners, traders, and companies alike. Miners and projects left the country en masse as the regulatory noose tightened around their necks, bringing its Bitcoin hash rate to zero.

To seal the deal, the country added cryptocurrency mining to a draft of the negative list for investors after having precluded banks and other financial institutions from facilitating cryptocurrency-based transactions. The ripple effects saw Huobi and other cryptocurrency exchanges bring their operations in the country to a close.

While it increased the crackdown of the asset class, it heightened the development for its CBDC, the digital yuan. After extensive trials, China is eyeing the Beijing WInter Olympics as the perfect platform to introduce the digital yuan to the rest of the world. It is widely believed that the digital yuan is China’s answer to cryptocurrencies.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

High Performance Blockchain (HPB) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.0064459
Капитализация $0 Rank 99999
Цена в час новости $ 0.0910131 (-100%)

blockchain standard national china goal unveil adoption

blockchain standard → Результатов: 126


Фото:

Кошелек Blockchain разрешит конвертировать активы в стейблкоин PAX

Крупнейший провайдер криптовалютных кошельков Blockchain с понедельника позволит пользователям осуществлять свопы между цифровыми активами и стейблкоином Paxos Standard (PAX) непосредственно в мобильном приложении.

2019-5-31 16:00


Кошелек Blockchain позволит конвертировать цифровые активы в стейблкоин Paxos Standard

Крупнейший провайдер криптовалютных кошельков Blockchain с понедельника позволит пользователям осуществлять свопы между цифровыми активами и стейблкоином Paxos Standard (PAX) непосредственно в мобильном приложении.

2019-5-31 14:06


Фото:

Currency.com Launches Tokenized Government Bonds

Currency. com, a blockchain-based platform that claims to be the world’s first regulated tokenized securities exchange, announced the launch of the crypto version of the Belarusian government bonds and interested investors can now purchase the financial instrument with bitcoin (BTC), ether (ETH) and the fiat standard, according to Fintech Finance report on May 7, 2019.

2019-5-10 11:00


Фото:

Кошелек Blockchain добавил поддержку стейблкоина Paxos Standard

Криптовалютный кошелек Blockchain добавил поддержку стейблкоина Paxos Standard, который привязан к американскому доллару в соотношении один к одному. Сведения об этом подтвердило Управление финансовых услуг штата Нью-Йорк, в юрисдикции которого находится компания-разработчик утилиты.

2019-5-2 13:56


В кошельке Blockchain появился первый стейблкоин

Компания Blockchain объявила о сотрудничестве с эмитентом стейблкоина Paxos и добавила поддержку стабильной монеты Paxos Standard в своем кошельке. Впрочем, пользоваться этим инструментом смогут только верифицированные пользователи.

2019-5-3 12:25


Фото:

Кошелек Blockchain теперь поддерживает Paxos

Провайдер популярного криптовалютного кошелька Blockchain представил своим пользователям доступ к стейблкоину Paxos Standard. PAX привязан к доллару США в соотношении 1:1 и регулируются Управлением финансовых услуг штата Нью-Йорк.

2019-5-2 09:22


Кошелек Blockchain добавил поддержку стейблкоина Paxos Standard

Провайдер популярного криптовалютного кошелька Blockchain представил своим пользователям доступ к стейблкоину Paxos Standard. Токены PAX привязаны к доллару США в соотношении 1:1 и и регулируются Управлением финансовых услуг штата Нью-Йорк.

2019-5-2 08:53


В кошельке Blockchain появилась поддержка стейблкоина Paxos

Популярный криптовалютный веб-кошелёк Blockchain в эту среду объявил о начале сотрудничества с эмитентом стейблкоина Paxos. Благодаря этому его пользователи получат доступ к стейблкоину Paxos Standard, обеспеченному долларами США в соотношении 1 к 1 и регулируемому Департаментом финансовых услуг штата Нью-Йорк.

2019-5-1 17:20


Paxos Stablecoin To Launch On Ontology Blockchain

Ontology has just announced its collaboration with Paxos to launch its stablecoin atop the enterprise-oriented blockchain. According to the partnership’s press release, Paxos Standard will be built on Ontology’s OEP-4 protocol, and will enable atomic swaps of the dollar-valued tokens between Ontology’s main blockchain and all other chains on  its network.

2019-4-30 19:12


Binance Chain Launch Sees Developers and Entrepreneurs Reconsidering Ethereum

Last week, Binance announced the launch of Binance Chain, its native Blockchain platform that will facilitate the issuing, exchanging, and usage of digital assets. Apart from the fact that Binance Chain opens a new world of possibilities for cryptocurrency projects, the BEPs protocol on Binance Chain also shows some significant difference Ethereum’s ERC-20 protocol that currently dominates the crypto space.

2019-4-29 01:00


Bitribe ICO

Bitribe Token is the platform currency issued by the Bitribe Exchange, referred to as “BRT”, and the total amount of issuance is 1 billion, and it is guaranteed to never be issued. BRT coins are decentralized blockchain digital assets based on Ethereum Ethereum, which is bas ed on the ERC 20 standard tokens of the Ethereum blockchain.

2019-4-20 03:33


A Basic Guide On BlockChain

The blockchain is gradually hitting the standard. After the 2013 Bitcoin publicity pursued by the MtGox implosion and almost two-year time of wretchedness with heaps of undertakings propelled and fizzled, cash contributed and lost, trick, hypothesis, and hacks, Blockchain is currently developed enough to move from the network advancement lab into genuine business applications.

2019-3-26 12:20


Фото:

Op Ed: With Bitcoin, Anarchy Is the Point, Not the Problem

Last week, there was a panel at SXSW that was effectively a debate on the merits of permissioned blockchains versus permissionless systems like Bitcoin. I listened to the entire audio of the panel discussion, after Programming Bitcoin author Jimmy Song tweeted it out the other day, and I thought he did an awesome job of pointing out the key value proposition of Bitcoin and why it is not worth comparing to permissioned systems.

2019-3-23 17:29