The Beijing regime is all about control. It is a country where people have very little freedom of information or finance (apart from the very affluent). While the state strives to be a world leader in blockchain technology, it still does not trust cryptocurrency, still heavily censors the internet, and still spies on its citizens.
Blockchain Good Bitcoin Bad
China is officially bullish on blockchain now, so much so that any sentiment against the technology is coming up against the state’s heavy handed machine of censorship. The Communist Party of China Central Committee has been practically told by president Xi Jinping that blockchain innovation needs to take priority.
Since last week’s comments, which initiated a huge crypto rally benefiting many Chinese crypto tokens, local media has dedicated a lot more coverage to the technology. According to Chinese crypto outlet cnLedger, articles against blockchain are now getting censored;
Articles saying blockchain technology is a scam are now BANNED. Who still remember the days when posts promoting blockchain getting deleted real fast?
3/ Articles saying blockchain technology is a scam are now BANNED.
Who still remember the days when posts promoting blockchain getting deleted real fast? pic.twitter.com/W5iRJ3PDYS
— cnLedger (@cnLedger) October 28, 2019
As reported by Bitcoinist yesterday, state media published another blockchain article endorsing the technology but tagging on a warning about cryptocurrencies, which it still harbors loathing for.
The state run People’s Daily also published a front page article on ‘Placing Blockchain as one of the countries core initiatives, with a target on key breakthroughs’.
Spy App Offers Courses on DLT
Additionally a popular app with over 100 million users called Xuexi Qiangguo has started to promote blockchain courses and education.