China Unveils National Blockchain Project, but Keeps Bitcoin at Arm’s Length

China wants to build a national blockchain network. In a strategic document published on October 9, 2026, the Central Committee of the Chinese Communist Party and the State Council list this infrastructure among the priorities of economic modernization. The goal is to better connect businesses, IT systems, and data nationwide. This announcement might seem favorable to Bitcoin. Yet, the official text mentions no crypto, and Beijing maintains particularly strict restrictions on their financial use.

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