China’s top telecommunications and Internet regulators on Monday unveiled new guidelines aimed at transforming the country into a global leader in blockchain technology by 2025, as authorities continue to impose curbs on domestic cryptocurrency production.
Chinese cryptocurrency miners Huobi Mall and BTC.TOP announced on Sunday that they have suspended their operations on mainland China after the country escalated its crackdown on bitcoin mining and trading activities, contributing to a slump in the cryptocurrency markets.
A city is not only a division of geographical location, but also a competitive entity for new technology. When a new technology emerges, there will be local adoption that creates new urban economic growth factors and a new perception of the city. For major cities, blockchain is a rare technical gift.