Chinese BTC Rally: National Coins Won’t Be Gateways to Crypto

This past Friday, Chinese Presiden Xi Jinping came out in support of blockchain technology during a meeting of the Political Bureau of the Chinese Communist party’s Central Committee. Specifically, Jinping called for his country to adopt blockchain technology “as an important breakthrough for independent innovation of core technologies.”

Local news media source Xinhua Net said that Xi specifically called for the adoption of blockchain technology in “digital finance, Internet of Things, intelligent manufacturing, supply chain management, digital asset trading, and other fields.” (Translated quote.)

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He also said that China would be investing in the development of blockchain technology.

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