Kriptomat
  • Prices
    • All prices
    • Gainers & Losers
    • Recently Added
    • Most Viewed
    • Most Popular
    • What if I bought 100 € worth of …
  • Products
    • INDIVIDUAL
      • Buy and sell
      • Crypto to crypto
      • KriptoEarn
      • Recurring buy
      • KriptomatPay
    • BUSINESS
      • Corporate accounts
      • Crypto <> Fiat On-Ramp
      • Exchange White Label API
    • KRIPTOMAT
      About Kriptomat
      We believe everybody, everywhere deserves the freedom, fairness, and fulfillment that crypto represents.
  • Learn
    • How to use Kriptomat
      Our videos show how to get the most out of Kriptomat.
      Learn more >
      • Knowledgebase
        Documentation and useful tips
    • Learn about crypto
      Learn more >
      • All about cryptocurrencies
      • All about blockchain
    • Explore tokens
      Show all guides >
      • Bitcoin guide
      • Ethereum guide
      • Cardano guide
      • Solana guide
      • Tether guide
  • Refer a friend
  • Web3
  • € EUR
  • English
    • Deutsch
    • Eesti
    • English
    • Español
    • Français
    • Hrvatski
    • Italiano
    • Latviešu
    • Lietuviškai
    • Magyar
    • Polski
    • Português
    • Română
    • Slovenčina
    • Slovenščina
    • Srpski
    • Svenska
    • Türkçe
    • Čeština
    • Ελληνικά
    • Български
  • Login
  • Get started
Select Page
  • Register
/
Learn| News & Trends | Market Updates

China Invests Heavily into Blockchain Technology

kriptomat-china-invests-into-blockchain

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
Our Statement on the Ethereum Constantinople Fork
Bitcoin ATM: Buying and Selling Bitcoin
Blockchain Ventures Invests in Enjin
Mark Zuckerburg explains how Libra will help Facebook corner the ad market
Samsung Releases More Information About Their Upcoming Blockchain Platform SDK

Web & mobile app
for crypto on the go

Access your crypto funds whenever you want to, wherever you are.

play store
ios store
Get started on Kriptomat
mastercard visacard sepa skrill
netteler
mastercard visacard sepa skrill netteler
kriptomat
  • English
    • Deutsch
    • Eesti
    • English
    • Español
    • Français
    • Hrvatski
    • Italiano
    • Latviešu
    • Lietuviškai
    • Magyar
    • Polski
    • Português
    • Română
    • Slovenčina
    • Slovenščina
    • Srpski
    • Svenska
    • Türkçe
    • Čeština
    • Ελληνικά
    • Български
  • € EUR
gooleplay iosstore
kriptomat

COMPANY

  • About Us
  • Blog
  • Join our team
  • Impressum
  • Contact
  • Legal & Security
  • Fraud prevention

RESOURCES

  • Help Centre
  • FAQ
  • What is Bitcoin (BTC)?
  • How to buy Bitcoin?
  • What is Ethereum (ETH)?
  • How to buy Ethereum?
  • What is Cardano (ADA)?
  • How to buy Cardano?

SERVICES

  • System Status
  • Blockchain Explorer
  • Crypto - Fiat On-Ramp
  • Exchange White Label API

OTHER

  • Ambassador program
  • Affiliate Program
  • Referral Program
  • Bug Bounty
  • Fees and Limits
  • Supported Countries
  • Supported Actions
  • Site map
certification
certification
iso 9001:2015
certification iso - 27001
iso 37001:2015
iso 37301:2015
Kriptomat on telegram chat Kriptomat on twitter Kritomat on facebook Kriptomat on youtube Kriptomat on linked
Kriptomat © 2023
kriptomat logo sign
Kriptomat App
Fast, secure and easy
Download