CNBC December 15, 2019
KEY POINTS
- In October, Xi gave a speech saying China needs to “seize the opportunities” presented by blockchain, in what appeared to be one of the first instances of a major world leader backing the tech.
- Over 500 blockchain projects have been registered with the government.
- Experts say China could define the technology if it’s able to take a lead — which could be “dangerous.”
China is poised to take the lead in blockchain after it was given strong backing by the country’s leader President Xi Jinping, experts told CNBC. The move could allow the world’s second-largest economy to control the development of the nascent technology in the absence of competition from...
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