Is China Opening Up to Blockchain?

Is China Opening Up to Blockchain?

China is planning to unroll a series of blockchain-friendly laws in early 2020 to open themselves up to blockchain use cases. In a recent statement by President Xi Jinping, the country will aim to unroll its own digital coin. China has shown support in the past for projects like NEO, and more recently, TRON. At the same time, the country is very wary about token sales and any project that may cause losses on the personal finance level. China has taken a stance of “blockchain” versus speculative digital coins, and they aim to harness the power of distributed networks to distribute and secure data for various use cases.