A group of Shanghai reporters recently got a opportunity to learn about this secretive project during the Global Blockchain Summit Forum, sina.com.cn reported.
For the first time in history, the Chinese government and its central bank, the People's Bank of China (PBoC), has opened its $27 trillion payment market to the world.
Major China-based cryptocurrency miner Bitmain is seeking to split an entry into the USA. The company is seeking to expand in the port of Walla Walla, a town in Washington. The news was first published in a local publication, Union-Bulletin.
China's business & IT ministry is working toward creating domestic standards to propel development and implementation of blockchain technology in the country.
Potentially bullish news from China: A high profile official has called for a national digital asset trading platform to be established. Chinese People's Political Consultative Conference (CPPCC) member Wang Penjie made the statements earlier this week.
An official from one of the top financial agencies of China stated that he believes blockchains function more effectively when they're built on a system.
Chinese authorities are reportedly gearing to inspect domestic cryptocurrency traders further by threatening to have their assets frozen.
The People's Daily — China's largest paper and official outlet of the Communist party today published a feature article on blockchain technology.