China Wants Blockchain, but Not Bitcoin

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

7 minute read November 14, 2019 at 04:53 AM

Vincent Chow

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.

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