President Xi's Recent Blockchain Endorsement Changes Everything

President Xi’s Recent Blockchain Endorsement Changes Everything

On October 25th, China’s President Xi Jinping opined that blockchain should be treated “as an important breakthrough for independent innovation of core technologies.” He also stated “[We must] clarify the main direction, increase investment, focus on a number of key technologies and accelerate the development of blockchain technology and industrial innovation.” Exciting words from a leader who hadn’t spoken on the subject prior, and naturally, this statement was enough to disrupt the crypto space.