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However Xi’s ambition had and continues to have an inherent contradiction. Whereas blockchain know-how is admired by the Chinese language, its hottest utility, cryptocurrencies, is now unlawful. Up to now decade, China has banned crypto transactions (2013), preliminary coin choices (2017), crypto mining (incrementally from 2019-2021) and – the ultimate blow – cryptocurrency buying and selling, in 2021. Consequently, the very thought of blockchain is completely different in China than wherever else on this planet.
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