1 January 2020 by Clementine
China has addressed the year 2019, with a strategy paradoxical and complex vis-à-vis the new digital technologies. Between the suppression of crypto-currencies and the campaign of incentive to adopt the Blockchain, the country has sought to separate the two notions are closely related that many observers consider to be inseparable. She won his bet for this year ? Here are the results !
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A China without pity for the crypto-currency
The war against the digital assets has taken on a national scale since the beginning of the year 2019. Convinced of the harmfulness of these assets to the economy and the financial security of local, the chinese authorities have tightened the vise by starting to hunt for crypto-exchanges of their territories.
In the present case, the prohibition for all platforms, stock market and other vendors, enacted in 2017 has been applied in depth. Among other things, all the platforms, offshore and other web sites interacting with digital currencies have been closed.
However, threats and other sanctions announced were not able to eradicate the flow given that in December 2019, the crypto-currency continues to stroll in the economy under a hidden network.
The Blockchain acclaimed
Contrary to the crypto-currency, the Blockchain is experiencing a preferential treatment from the authorities. Considered as a technology that is potentially beneficial to the administration, finance and national economy, the Blockchain has been integrated in the policy of the government so that the chinese president himself, Xi Jinping, has called on his fellow countrymen to prioritize its development.
At present, many areas in china are working to exploit massively the Blockchain in a multitude of sectors (administrative, logistics, it, distribution, etc…).
What do you think of the situation of crypto-currencies and the Blockchain today in China ? Do you think that the chinese authorities will manage to totally remove the crypto-currency of the economic circuit ? Give your opinion in the comments section.
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Clementine
Passionate about the universe geek, Clementine finds the news more interesting and involved in their drafting.