China Loosens Grip on Blockchain, Debuts a Pilot Program

Published by
The Street

By Tony Owusu Chinese wants the country to test out the ‘innovative application’ of the blockchain technology that underpins cryptocurrencies. China may be coming full circle following its ban of cryptocurrencies in 2021 as the country is allowing some cities and entities to try out blockchain applications. China designated its capital of Beijing, its largest city of Shanghai and Guangzhou in the southern part of the nation as part of pilot projects designed to “carry out the innovative application of blockchain” technology. Officials issued a notice announcing the list of 15 “comprehensive bl…

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