China Wants Blockchain, but Not Bitcoin

November 14, 2019 | BY

Vincent Chow

Blockchain and cryptocurrencies are often discussed in the same breath, but China is keen to differentiate the two

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Blockchain and cryptocurrency are dominating headlines in China after President Xi Jinping declared his backing of blockchain technology. However, although blockchain underpins cryptocurrencies such as Bitcoin, the two are distinct – their differences crucial to understanding China's blockchain strategy.