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International Business Times
International Business Times
Business

China Launches National Blockchain As Part Of Wider Plan To Accelerate Expansion Of Digital Economy

The Great Hall of the People in Beijing, China. (Credit: GETTY IMAGES)

China has unveiled a plan to build a national blockchain network, but the Asian power's planned investment about the technology does not appear to equate to a slackening restrictions on private cryptocurrency trading, which remains banned in mainland China.

The measure was announced in a policy document entitled "Opinions of the CPC Central Committee and the State Council on Developing New Productive Forces." The document was made public by the official Chinese state news agency Xinhua on Friday.

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