China plans national blockchain network in digital push

China has called for a national blockchain network and an integrated computing power network in a policy document covering 19 measures to develop technology-led industries and connect the digital economy with real-world production. China’s new policy calls for national blockchain and computing networks alongside changes to data ownership rules. The document proposes data-market trials, cross-border data mechanisms and support for long-term technology investment. Chinese banks have already received guidance encouraging blockchain use in tax-data sharing and business lending. Recent digital yuan expansion has taken the number of approved banking operators to 30.

Source: crypto.news