China is rapidly adopting a pro-blockchain stance following news it would bring in a so-called “crypto law” in January next year.
China: Blockchain must be legitimate
Chinese officials and president Xi Jinping caused a stir late last week after the latter gave a speech condoning blockchain. China, he said, would become the world’s foremost proponent of the technology and would seek to implement it throughout the economy.
Similarly, it was blockchain platform Tron (TRX), formerly under intense scrutiny from Beijing, which benefited from the past week’s developments. In the past 24 hours alone, TRX/USD has gained almost 25%.
No. 1 App Store app educates on Bitcoin
In a further development, cnLedger added that Xuexi Qiangguo, China’s most downloaded app on Apple’s App Store, will feature educational content on Bitcoin (BTC) and Ether (ETH).
While the exact nature of its content remains unclear, it forms part of a recommended course “focusing entirely on blockchain.”
CPS News, a media service run by Xi’s Communist Party of China, has also released a tool helping party members familiarize themselves with the technology.
China recently unveiled various use cases for blockchain, including cross-border finance.