China speaks out again 💥💥!! Promoting the construction of the national blockchain hub node in Beijing! The construction of the national blockchain hub node further indicates the possibility of China reopening the cryptocurrency market!!
Beijing’s recent implementation opinions mark a significant step forward for China in the digital economy and blockchain technology. These moves not only demonstrate China’s ambitions in the field of blockchain technology, but also pave the way for possible future policy shifts in cryptocurrencies.
As the core of the national blockchain network hub, Changan Chain carries an important mission. It is jointly developed by a number of well-known universities and enterprises, representing China's independent innovation in blockchain technology. Since its release in early 2021, Changan Chain has been applied in many key areas, such as national tax supervision, trusted digital identity system, government services and supply chain finance, which shows its importance in the national economy.
Some experts believe that the construction of the national blockchain hub node may indicate the possibility of China reopening the cryptocurrency market. Although there is no official confirmation, some signals and comments in the market, especially the possibility of lifting the ban on Bitcoin mentioned by Galaxy Digital CEO Mike Novogratz, have attracted widespread attention. If this prediction comes true, some Chinese concept coins, such as Conflux, VeChain, Filecoin and Phoenix, may benefit from it.
In short, these measures taken by Beijing have not only enhanced China’s influence in the global blockchain technology field, but also triggered a lot of speculation in the market about the future direction of cryptocurrency policies. In this context, everyone should pay close attention to policy changes so as to adjust investment strategies in a timely manner.
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