China has been well known for its wayward stance towards cryptos. While there were rumors that China will adopt crypto when China passed the cryptographic law, however, the reality is far from true. On the other hand, China’s blockchain initiatives suggest that it is bringing banking-grade security to blockchain and earnestly working on regulating blockchain.
Chinese media reports that last year, netizens in China have used Blockchain technology to record the ‘open rape letter of North university student’ as the evidence (which had happened 20 years ago). So to preserve the national security and public interest, Chinese officials on Jan 10, 2019, have released ‘new regulations on the management of