China’s President calling of blockchain technology adoption
|- Chinese President Xi Jinping was speaking within a committee session on blockchain technology.
- Previously, the Chinese government has traditionally been against many cryptocurrency technologies.
Xi Jinping, president of China, is calling for the country to accelerate its adoption of blockchain technology, as he was speaking during a Politburo Committee session on blockchain technology, according to a report by Reuters.
His comments to the committee were:
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.
The Chinese government has previously been opposed to many cryptocurrency projects.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.