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China is trying to accelerate the development of the blockchain market
30.06.2022
Although cryptocurrency is banned in China, this does not prevent the country from quickly certifying new services for the blockchain market.
According to bits.media, the documents adopted by the government of the country, and to evaluate the opinion of insiders, it can be seen that the blockchain market in China has increased significantly. In particular, the number of services for the blockchain is already equal to 1821. This is the number registered in this country.
At the end of last year, the intensity of certification of new blockchain services increased. The agency published a list of blockchain projects, of which there were 197. They affected such areas as agricultural, legal, financial, intellectual property protection, etc. Chinese firms are looking for new applications for the blockchain with the ban on cryptocurrency trading.
CAS says that the bulk of the services that are registered will be used for blockchain as a service, and will also be used to make financial and legal contributions.
The eyes of the Chinese authorities last month shifted from cryptocurrencies to those participating in the non-fungible token market. This was facilitated by a sharp increase in NFT platforms. The policy of using WeChat, a well-known messenger in the country, was also updated. The essence of the update was as follows: if using an account you can access NFT or cryptocurrency, then it will be blocked.
According to bits.media, the documents adopted by the government of the country, and to evaluate the opinion of insiders, it can be seen that the blockchain market in China has increased significantly. In particular, the number of services for the blockchain is already equal to 1821. This is the number registered in this country.
At the end of last year, the intensity of certification of new blockchain services increased. The agency published a list of blockchain projects, of which there were 197. They affected such areas as agricultural, legal, financial, intellectual property protection, etc. Chinese firms are looking for new applications for the blockchain with the ban on cryptocurrency trading.
CAS says that the bulk of the services that are registered will be used for blockchain as a service, and will also be used to make financial and legal contributions.
The eyes of the Chinese authorities last month shifted from cryptocurrencies to those participating in the non-fungible token market. This was facilitated by a sharp increase in NFT platforms. The policy of using WeChat, a well-known messenger in the country, was also updated. The essence of the update was as follows: if using an account you can access NFT or cryptocurrency, then it will be blocked.
