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China Publishes Blueprint of a Blockchain Based ‘Programmable Society’

In October 2019, a public speech made by the Chinese President, Xi Xinping, caused a historic pump in Bitcoin. While the effect on Bitcoin’s price or speculations of buyers from China was momentary, the Government has rightfully so embarked upon their blockchain plans. The Central Bank Digital Currency is already live and being tested across multiple private and government services. However, the Government does not intend to stop with a digital currency. Their plans are far more elaborate and something that FinTech and crypto investors have been pitching since 2016 – a programmable society. The Government released a blueprint of their…

Continue Reading China Publishes Blueprint of a Blockchain Based ‘Programmable Society’

China Publishes Blueprint of a Blockchain Based ‘Programmable Society’

In October 2019, a public speech made by the Chinese President, Xi Xinping, caused a historic pump in Bitcoin. While the effect on Bitcoin’s price or speculations of buyers from China was momentary, the Government has rightfully so embarked upon their blockchain plans. The Central Bank Digital Currency is already live and being tested across multiple private and government services. However, the Government does not intend to stop with a digital currency. Their plans are far more elaborate and something that FinTech and crypto investors have been pitching since 2016 – a programmable society. The Government released a blueprint of their…

Continue Reading China Publishes Blueprint of a Blockchain Based ‘Programmable Society’

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