Banning Cryptocurrencies, China Establishes Blockchain Center

The Chinese government has decided to establish a new research center that will develop new blockchain-based projects.

The Chinese government, which bans the trading of cryptocurrencies, continues its work on distributed ledger technology (DLT).

Ministry of Science and Technology in Beijing Blockchain Technology National Innovation Center He approved the establishment of a research center called

In this center, the basic theories, software and hardware related to this technology will be examined in connection with blockchain. According to local news sources, the aim of the center will be to develop new technologies and industrial applications related to blockchain.

The Chinese government, which banned the trading of cryptocurrencies in 2021, has accelerated its blockchain work in the past few years.

Chinese President Xi Jinping announced two years ago that blockchain technology “It will play an important role in the future technological innovation and industrial transformation” had expressed.

The government, which also shared its goals for the future in 2021, It aims to increase the use of blockchain in China by 2030. had announced.

source site-9