On May 17, Dovey Wan, a founding partner at Primitive Ventures, an investment firm notes on a blog post that the Blockchain-empowered Yuan may permit the supervision of China. It may enable the government to have a great administration over both home and overseas economies. Albeit, the Chinese government has put restrictions over the cryptocurrencies […]
JD. com, the giant e-commerce retailer of China, has recently announced that it is interested in exploring the blockchain sector and its usages in various industries. And for the same, the firm has collaborated with NJIT’s Ying Wu College of Computing through Institute of Software at the Chinese Academy of Sciences for developing the Blockchain Research Lab.
Recently, the Chinese Government has drafted a new policy which will certainly eliminate the two fundamental advantages of Blockchain – Privacy and Anonymity. The policy says the users will have to put their real names and national ID numbers to register for a blockchain service.