wizz on Nostr: China has set national blockchain standards, established a national blockchain ...

China has set national blockchain standards, established a national blockchain research center, and is working on the digital yuan, a central bank digital currency (CBDC).
However, China's enthusiasm for blockchain contrasts sharply with the country's stance on decentralized digital currencies. Many digital currency companies have left China in response to strict digital currency bans, underscoring the government's determination to maintain restrictions on its financial system.
In the broader context of technology regulation, China's approach to artificial intelligence reflects a similarly authoritarian stance. The government mandates that AI developments must adhere to the core values ​​of socialism.
The recent court ruling introduces a layer of complexity to the digital currency landscape in China; Where legal views sometimes differ from government policies. It remains to be seen how this legal interpretation will affect China's approach to digital currencies, and whether it signals a broader shift in China's stance on this evolving technology.