@chongyingxue33
China’s blockchain policy emphasizes innovation and control, with the digital renminbi (e-CNY) and industrial blockchain as key pillars. The e-CNY, a central bank digital currency (CBDC), enhances transaction efficiency, financial inclusion, and RMB internationalization while enabling government oversight. Industrial blockchain applications, supported by policies like the 14th Five-Year Plan and a $54.5 billion roadmap, span finance, supply chains, and judicial systems. Despite banning cryptocurrencies, China promotes blockchain for secure, transparent processes, aiming to lead global standards. Projects like the Blockchain-based Service Network (BSN) and mBridge bolster China’s digital infrastructure and global influence
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