Kriptomat
Prices
  • Live crypto prices
  • All Prices Over 300+ cryptocurrencies
  • Gainers & Losers Find investing opportunities
  • Recently Added Newly added tokens to Kriptomat
  • What if I bought 100 € worth of... ...today it would be worth
Learn
Products
  • Build Portfolio
  • Buy and Sell crypto Buy 300+ cryptocurrencies
  • Exchange Crypto Over 1,000 pair options
  • Intelligent Portfolios Smart way to invest in crypto
  • Kriptomat Wallet A secure and simple crypto wallet
  • Investment Explorer Find your crypto strategy
  • TRACK AND ACT
  • Price Alerts Real-time price updates for your favorite tokens
  • Explore Assets Discover investment opportunities
  • Portfolio Analytics Smart insights for optimal performance
  • GROW PORTFOLIO
  • KriptoEarn Earn rewards on your crypto
  • Vault Save crypto for your future
  • Recurring Buy Regularly scheduled investments (DCA)
  • DeFi and Web3
  • Decentralized Exchange (DEX) Buy & swap hundreds of tokens from DEXs
  • Web3 Wallet Buy, collect Crypto and NFTs with WalletConnect support
  • Web3 Gaming Wallet Playing Web3 games has never been more simple!
  • Web3 Directory Explore Kriptomat user’s favourite dApps
Language
Currency
  • Deutsch
  • Eesti
  • English
  • Español
  • Français
  • Hrvatski
  • Italiano
  • Latviešu
  • Lietuviškai
  • Magyar
  • Polski
  • Português
  • Română
  • Slovenčina
  • Slovenščina
  • Srpski
  • Svenska
  • Türkçe
  • Čeština
  • Ελληνικά
  • Български
  • € EUR
  • $ USD
  • £ GBP
  • лв. BGN
  • Kč CZK
  • ft HUF
  • zł PLN
  • kr SEK
  • ₺ TRY
  • fr. CHF
  • kr NOK
  • L RON
  • kr. DKK
Login login_button Register Get Started
/
No results

Try adjusting your search

Login Get started English / Eur
Language
  • Deutsch
  • Eesti
  • English
  • Español
  • Français
  • Hrvatski
  • Italiano
  • Latviešu
  • Lietuviškai
  • Magyar
  • Polski
  • Português
  • Română
  • Slovenčina
  • Slovenščina
  • Srpski
  • Svenska
  • Türkçe
  • Čeština
  • Ελληνικά
  • Български
Currency
  • € EUR
  • $ USD
  • £ GBP
  • лв. BGN
  • Kč CZK
  • ft HUF
  • zł PLN
  • kr SEK
  • ₺ TRY
  • fr. CHF
  • kr NOK
  • L RON
  • kr. DKK
Learn| News & Trends |Market Updates

China Invests Heavily into Blockchain Technology

kriptomat-china-invests-into-blockchain
28. 10. 2019

Quick Summary:

  • President of China says they should ‘seize the opportunity’ to adopt blockchain.
  • China’s congress passes cryptography law, creating a regulatory and legal framework for blockchain adoption.
  • More than 500 blockchain projects, including some of the largest Chinese banks and tech companies, have registered with the Chinese government.

Speaking as part of the Political Bureau of the Central Committee on Thursday in Beijing, Xi Jinping, President of the People’s Republic of China, told the assembly that blockchain technology has a wide range of potential applications within China.

“We must take the blockchain as an important breakthrough for independent innovation of core technologies,” Xi said. “We must clarify the main direction, increase investment, focus on a number of key core technologies, and accelerate the development of blockchain technology and industrial innovation.”

One day after the President’s speech, the 13th Congress in China passed a cryptography law that implements a regulatory and legal framework for commercial adoption of blockchain technology.

The Cyberspace Administration of China then published the identities of 506 projects that registered to conduct research and development in the blockchain space, including some of the largest banks and tech companies in China.

Since March, Six banks, including Industrial and Commercial Bank of China (ICBC), the world’s largest bank by assets, and Ping An Bank, the banking arm of Ping An Insurance, have registered 14 blockchain projects.

Alibaba has registered a total of 90 blockchain-related patents, more than any other company in the world.

Tencent, the parent of messaging app WeChat, has been building a suite of blockchain services since 2017.

Baidu, the Chinese answer to Google, has announced that it aims to provide scalable infrastructure for blockchain services.

The Chinese government is also heavily investing in blockchain-related R&D, from communication to legal and land development use cases.

 

NOTE

This text is informative in nature and should not be considered an investment recommendation. It does not express the personal opinion of the author or service. Any investment or trading is risky, and past returns are not a guarantee of future returns. Risk only assets that you are willing to lose.

Crypto Basics Finance & Investing News & Trends
Related articles
Kriptomat Adds GBP Support in the United Kingdom
Crypto Regulation in Estonia Is About To Change and Will Affect Service Providers
NFT Boom Accelerates
Doing Good With Crypto
A World Tour of Crypto Adoption
Related articles
what is an nft?
What Is an NFT?
Most cryptocurrency coins and tokens are fungible. One Ether coin is the same as any other. But some tokens are associated with unique real-world items — artistic masterworks, for instance. We refer to these unique tokens as non-fungible.
trading crypto for short-term profit
Trading Crypto for Short-Term Profit
Life as a financial trader doesn't have to be a dream. In the digital world, all you need is some crypto and a strategy. You are the portfolio manager, analyzing market trends and making trades based on your own market forecasts.
what is cryptocurrency uma and how does it work?
What is cryptocurrency UMA and how does it work?
UMA is an Ethereum-based open-source protocol that allows anyone to build their own financial contracts and create synthetic assets. The goal? A decentralized architecture that provides universal access to DeFi markets.

Manage your portfolio –
wherever you are

Use the website or download our safe and secure mobile app today.

Get started Download the app
Kriptomat - Crypto but simple
  • €EUR
    • €EUR
    • $USD
    • лв.BGN
    • KčCZK
    • ftHUF
    • złPLN
    • krSEK
    • ₺TRY
    • fr.CHF
    • krNOK
    • LRON
    • kr.DKK
  • English
    • Deutsch
    • Eesti
    • English
    • Español
    • Français
    • Hrvatski
    • Italiano
    • Latviešu
    • Lietuviškai
    • Magyar
    • Polski
    • Português
    • Română
    • Slovenčina
    • Slovenščina
    • Srpski
    • Svenska
    • Türkçe
    • Čeština
    • Ελληνικά
    • Български

Company

  • About
  • Blog
  • Careers
  • Impressum
  • Contact
  • Legal & Security
  • Fraud prevention

Businesses

  • Corporate accounts
  • Kriptomat Whitelabel
  • Kriptomat GameFi

RESOURCES

  • Help Centre
  • System Status
  • Complaints
  • FAQ
  • Live Crypto Prices
  • Live Bitcoin Price
  • Live Ethereum Price
  • Live Solana Price
  • How To Buy Bitcoin (BTC)?
  • How to buy Ethereum (ETH)?
  • How To Buy Solana (SOL)?

OTHER

  • Ambassador program
  • Affiliate Program
  • Referral Program
  • Bug Bounty
  • Fees and Limits
  • Supported Countries
  • Supported Actions
  • Sitemap
Kriptomat on X Kriptomat on TikTok Kriptomat on youtube Kriptomat on linkedin
certification
certification
iso 9001:2015
iso 9001:2015
certification iso - 27001
iso 37001:2015
iso 37301:2015
Kriptomat © 2025
Choose your platform
Kriptomat IOS appIOS Kriptomat Andodid appAndroid
Scan the QR code to download the app
The easiest way to buy Bitcoin, Ethereum, Shiba Inu and %s+ cryptocurrencies with different payment methods.