China sets 2030 target to complete national blockchain network
- —Target date is 2030, enshrined in the 15th Five-Year informatization plan
- —Network to cover the Yangtze River Delta and the Chengdu-Chongqing region
- —Focus on national standards for encryption, interoperability and consensus
- —Mainland ban on private cryptoassets and mining remains in force
Why it matters: Beijing is building permissioned corporate blockchain infrastructure outside public networks, deepening the divide with Western crypto markets.
Source: Bit2Me News