China to accelerate focus on Blockchain
What a way to start off the weekend for crypto enthusiasts with big news coming in from the Chinese President Xi Jinping who said that its time to accelerate adoption of blockchain technologies which will drive innovation in various fields.
He stated that
“We must take blockchain as an important breakthrough for independent innovation of core technologies, clarify the main directions, increase investment, focus on a number of key technologies, and accelerate the development of blockchain and industrial innovation.”
source
Soon after the statement that the president delivered at the Politburo Committee session the bitcoin prices shooted up with almost $1500 jump in a single day and still hovering over new levels to breach.
Well quite a good news to start off the day for sure where blockchain will find its more ways to get into shape at various industry finally someone who banned is now able to understand its potential the world will follow soon...
All this means for the development in blockchain will be a China only adaptation, nothing to help the existing tokens and BTC is still banned. Blockchain technology is the future.
Amazing
I wonder if China Blockchain could be allegedly worse than Facebook Cryptocurrency which is fake, that is the Libra.