China to Build National Blockchain Network in New Economic Blueprint

Key Facts

1China's top leadership called for a national blockchain network as one of 19 measures in a new economic blueprint.

2The official document warned officials against creating bubbles and abandoning the real economy for the virtual one.

China's top leadership called for a national blockchain network as one of 19 measures in a new economic blueprint. BeInCrypto reported that the initiative aims to integrate distributed ledger technology into the country's digital infrastructure.

The official document warned officials against creating bubbles and abandoning the real economy for the virtual one. This strategic move comes as China seeks to balance technological innovation with financial stability, specifically cautioning against speculative risks in the virtual sector.