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China Orders Construction of National Blockchain Network as Part of Top-Level Economic Blueprint

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China's Communist Party Central Committee and State Council have jointly issued a directive ordering the construction of a nationwide blockchain network, integrating the technology across the country's broader economy. The order comes as part of a new top-level economic blueprint, making it one of the highest-level policy mandates ever attached to blockchain development in China.

The directive signals Beijing's intent to use state-controlled blockchain infrastructure as a foundational layer for its economy, with analysts noting the move could redefine how national data markets operate domestically and may exert pressure on international regulatory frameworks. China has previously banned cryptocurrency trading and mining while aggressively promoting permissioned, state-controlled blockchain applications, a distinction this latest order reinforces at the highest level of government authority.

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Sources

  1. Cointelegraph🇨🇳 BIG: China's Communist Party and State Council just ordered a national blockchain network to be built as part of a new top-level blueprint for the country's economy.
  2. Crypto BriefingChina orders creation of national blockchain network
  3. KalshiJUST IN: China wants to build a nationwide blockchain network to help grow its economy
  4. BullTheoryioBREAKING: 🇨🇳 China moves to establish a nationwide blockchain network to integrate blockchain technology across its economy.
  5. AshCryptoBREAKING: 🇨🇳 China is planning a national blockchain network as part of its new economic plan. This is absolutely massive.
  6. PolymarketJUST IN: China unveils plans to build a “national blockchain.”
  7. Be In CryptoChina Is Building a National Blockchain Network: Will Bitcoin Benefit?