At the annual "Two Sessions" (Named since two major parties- National People's Congress (NPC) and the National Committee of the Chinese People's Political Consultative Convention (CPCC) equally get part in the forum�held on the initial week of March, leaders congregate to talk about about the newest problems and make required legislation amendments.
Wang Pengjie, a person in the NPCC dabbled into the prospects of a state-run digital asset trading platform along with start educational tasks on blockchain and cryptocurrency in China. However, the planned platform could demand a authenticated account to permit trading NFT
"With the establishment of connected rules and the co-operation of the People's Bank of China (PBoC) and China Securities Regulatory Commission(CSRC), a controlled and effective cryptocurrency trade platform would function as a proper way for organizations to improve resources (through ICOs) and
nvestors to keep their digital assets and obtain capital appreciation" Excerpts of Wang Pengjie presentation at the Two Sessions.Governments and key banks world wide have struggled to grapple with the raising popularity of cryptocurrencies; but a very important factor is certain, all have embraced blockchain.
Despite the cryptocurrency crackdown, blockchain has been increasing recognition and use in various levels. The Chinese government have been supporting blockchain initiatives and adopting the technology. In fact, the People's Bank of China (PBoC) have now been working on an electronic digital currency and have done mock transactions with some of the country's