China Pushes Blockchain, AI and Quantum Computing in New Policy Document

TLDR China’s Communist Party and State Council issued a 19-measure policy calling for a national blockchain network and a national computing power network. The plan also covers AI, quantum computing and new rules for data ownership and trading. Chinese banks have been encouraged to use blockchain for tax data sharing and small business lending. The People’s Bank of China approved eight more digital yuan banking operators in August, bringing the total to 30. Crypto trading and mining remain restricted in China, and stablecoin rules were extended in February.

Source: CoinCentral